Nifty Futures Daily
Nifty futures traded sideways as expected. At the time of writing, the US markets were trading at their lowest levels in five days, which raises the risk of downward breakout of the futures from the continuation bear flag kind of formation. All daily moving averages are seemingly converging which adds the risk of big movements in either direction.
The Updated Momentum Signal Spreadsheet
The updated spreadsheet showing the Momentum Signal as on the close of 23rd, Feb. 2010 is given below.
The Momentum Signal has returned neutral values for both the futures and the Nifty index.
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 24th, Feb. 2010 are given in the table below. The table also include the projected closing values of BSE Sensex.
You can click on the chart to enlarge.
Cheers and Prosperous Investing and Trading!!!
You can use the free online Position Limit Calculator from here.
You can also checkout the five year history of The Momentum Signal Spreadsheet from here.
You can also checkout the five year history of The Momentum Signal Spreadsheet from here.
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