Thursday, March 31, 2011

Update for 31st March 2011

  Another Late Edition of the Momentum Signal Trading System

  • This late edition of the Momentum Signal trading system is published at a time when the Nifty future has almost reached even the second medium term target for the breakout as discussed in the post dated 28th March 2011. The inconvenience caused by the late publishing is regretted. This edition also contains only the bare essentials of the trading system. 
  • As the market has  gained continuously for seven trading days already, traders may exercise some caution in respect of the frontline stocks and the Nifty index. Nifty index and the futures may find some resistance around the 5850 levels.
   Nifty Futures - Intra-day Chart

 Nifty Futures  - Daily Chart 

 Latest Ultimate Momentum Signal 

The Momentum Signals have closed with the maximum +100 values for the fifth day in succession as on Wednesday.

Projected Momentum Signal Close Values

The projected levels of Momentum Signal values applicable to various ranges of closing values of the current month Nifty Futures, Nifty Index and the BSE Sensex,  as at the close of next trading day, ie. as on  31st March, 2011, are given in the following table. All readers are requested to take note that the table below is just a ready reckoner for the next day's Momentum Signal values and the figures are not intended to be interpreted as any targets for the Nifty futures or indices shown therein.
Click on the table above for an enlarged view.

Readers are also requested to go through The Signal, Entries and Exits, Position Limits, Risk Factors, Risk Analysis,  and FAQs pages to gain a reasonable understanding of the trading system. Please do post your  comments and suggestions on how new  posts can be made more useful.

Cheers and Prosperous Investing and Trading !!!

To access and/or download  the free online Position Limit Calculator click here.

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