Update for 11th May 2011

 Update of Momentum Signal Trading System

• Market seems to have accepted the present price range for the time being. However, traders may expect the market trying to move away from the present range by Thursday or latest by Friday.
• Here is the short update of the Nifty futures and options trading system.

  Nifty Futures - Intra-day Chart

   Nifty Futures  - Daily Chart 

Update for 10th May 2011

 A Late Update of Momentum Signal Trading System

• As this blogger is attending to some personal matters, this update is also late. Please bear with me for the short update.

 Nifty Futures - Intra-day Chart

   Nifty Futures  - Daily Chart 

   Nifty Options Scene   

The May series Nifty Options Put Call ratio ( PCR May series ) improved slightly to a below normal and bearish looking 0.77 times on Monday. The below normal PCR may indicate the negative bias of the market.