Monday, March 1, 2010

Update on The Ultimate Momentum Signal

   The Breakout.... at last.... 

 Nifty Future -  Daily

Nifty future has finally broken out of the tight trading range. The next resistances are at the 5010 to 5020 range corresponding to the 100 and 50 day moving averages respectively. 


The Updated Momentum Signal Spreadsheet 

The updated spreadsheet showing the Momentum Signal as on the close of  26th, Feb. 2010 is given below.
The Momentum Signal has returned +100 points for both the future and the index as on the last trading day,  indicating the maximum upward momentum as per the model.

 Projected Momentum Signal Close Values

The projected levels of closing values required for momentum shift / neutrality / continuation as on the close  of trading as on 2nd, March 2010 are given in the table below. The table also include the projected closing values of BSE Sensex required for momentum shift / neutrality / continuation.

 You can click on the table to enlarge.
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