Update on The Ultimate Momentum Signal - 25th March, 2010

 The Breakout - Day 16

 Cautiously Optimistic Settlement Ahead...?

On Tuesday, the Nifty futures opened higher than the previous close and closed at 5225 gaining 20 points. Tuesday's range was confined to the previous day and therefore, it qualified as an inside day.
Inside days indicate indecision. Meanwhile, the US markets closed at an eighteen month high on Tuesday. The US VIX index ( volatility index ) also closed at a new low.  Today, most Asian markets closed in the positive territory. At the time of writing this edition, ( 8.30 PM, IST, 24the March, 2010 ) most of the European and the US markets were trading with insignificant losses because of the new worries on the debt problems of Greece and a debt downgrade of Portugal. However, all major world equity indices are showing either positive or neutral momentum.  

Nifty Future - Daily Chart  

Update on The Ultimate Momentum Signal, 23rd March, 2010

 The Breakout - Day 15

 Caution - Make or Brake it Days Ahead... !

On Monday, the Nifty futures opened 70 points below the previous day's last trade  as a consequence to the shock rate hike by the RBI and due to the weakness in the Hong Kong and the Singapore markets. It traded upwards till 11 o'clock and thereafter started the slow decline. Finally, it closed at 5207. Surprisingly, the trialing stop at 5170 stood unaffected during the day and the system has  not yet signaled an exit.

Nifty Futures - Daily Chart