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Sunday, April 4, 2010

Update on The Ultimate Momentum Signal - 5th April, 2010

  
To be or not to be....!

To be or not be...! Whether to cross the January 2010 high again or not....! This is the question facing the Indian markets in the coming week. Last week our markets closed just below the said highs even though the Nifty future and the underlying traded above the high for some time. Major world indices are trading at new highs. ( Please see the previous post. ) The Nifty future is trading in the upward moving regression channel.

Nifty Future - Daily Chart


 
The Updated Momentum Signal Spreadsheet


The updated spreadsheet showing the Momentum Signal as on the close of 1st April 2010, is given below.


The Nifty Future has closed in the neutral territory for the third day.


Projected Momentum Signal Close Values

The projected levels of closing values corresponding to momentum shift / neutrality / continuation as on the close of trading on 5th April, 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. For more info on the above table,  please click here.
 
The closing values required for the resumption of the uptrend are placed at new highs and the trigger for a downtrend has moved upwards.

Cheers and Prosperous Investing and Trading!!!  


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