On Tuesday, the Nifty futures closed in the neutral territory and this is a signal to exit the long positions entered on 26th Feb. 2010. The long position in the Nifty futures gained a profit of more than 300 points after considering the shifting costs.
Nifty Futures - Daily Chart
The Updated Momentum Signal Spreadsheet
The updated spreadsheet showing the Momentum Signal as on the close of 30th March 2010, is given below.
Projected Momentum Signal Close Values
The projected levels of closing values required for momentum shift / neutrality / continuation as on the close of trading on 31st 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.
Cheers and Prosperous Investing and Trading!!!
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