Indices Again in the Positive Momentum Territory !
- This update is limited to just the bare basic minimum due to some exigencies. Please bear with the author.
Nifty Futures - Intra-day Chart
Nifty Futures - Daily Chart
Latest Ultimate Momentum Signal
The Momentum Signal still ended up in the positive momentum area as on Thursday indicating a new buy. Please note that the new buy signal may turnout to be whipsaw if Nifty future remains range bound.
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 25th 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 !!!
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