Update for 27th April 2011

   Another Long legged Doji Candle ?

• Large cap stocks sold off in tandem with other Asian counterparts in the first half of the trading day on Tuesday.
• However,  the afternoon session saw the Nifty contracts recovering most of the losses of the morning session.
• Tuesday's trading has again lead to the formation of another doji candle, this time a long legged one, indicating indecision by the market participants.
• Momentum Signal has closed at the neutral territory for the second day in succession. 

  Nifty Futures - Intra-day Chart

 Nifty Futures  - Daily Chart 

Update for 26th April 2011

    Nifty Future Reverses from the 5925 - 5950 Resistance ?     

• This edition of Momentum Signal post is limited to an update of the trading system and the usual charts as the author is still not tracking the market full time due to some exigencies.

  Nifty Futures - Intra-day Chart

Nifty Futures  - Daily Chart