Update for 1st April 2011

  Nifty Futures Trading in a Consolidation Mode

• This update is also published late due to some some unavoidable circumstances. 
• Please note that the present buy signal by the Momentum Signal trading system has lead to a profit of 282 points in the March series Nifty futures.
• As the market has made gains for the past eight trading days, some consolidation move can be expected now.

   Nifty Futures - Intra-day Chart

  Nifty Futures  - Daily Chart 

Update for 31st March 2011

  Another Late Edition of the Momentum Signal Trading System

• This late edition of the Momentum Signal trading system is published at a time when the Nifty future has almost reached even the second medium term target for the breakout as discussed in the post dated 28th March 2011. The inconvenience caused by the late publishing is regretted. This edition also contains only the bare essentials of the trading system. 
• As the market has  gained continuously for seven trading days already, traders may exercise some caution in respect of the frontline stocks and the Nifty index. Nifty index and the futures may find some resistance around the 5850 levels.

   Nifty Futures - Intra-day Chart

 Nifty Futures  - Daily Chart