Another New High and Another Buy Signal...!
Following the footsteps of the major world equity indices, Indian markets also achieved new highs on Monday. The Momentum Signal has indicated a buy at the close.
Nifty Futures - Daily Chart
The Updated Momentum Signal Spreadsheet
The updated spreadsheet showing the Momentum Signal as on the close of 5th April 2010, is given below.
The Nifty Future has closed in the buy territory as on the close of 5th April, 2010.
Projected Momentum Signal Close Values
The projected levels of closing values corresponding to momentum shift / neutrality / continuation as on the close of trading on 6th 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.
Please click on the table to enlarge. For more info on the above table, please click here.
The closing values required for the continuation of the uptrend have moved downward and the trigger for a downtrend has moved upwards.
Cheers and Prosperous Investing and Trading !!!
Cheers and Prosperous Investing and Trading !!!
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