Update for 23rd May 2011

   Will the 5400 Support Hold ?

Here is the latest update of the Momentum Signal trading system. This update is kept at the minimum due to the author's preoccupation with other matters.

    Nifty Futures - Intra-day Chart  

    Nifty Futures  - Daily Chart  

S&P CNX Nifty Index - Weekly Chart

 

Update for 20th May 2011

   The 5400 Support Holds for the Time Being !

• As indicated in the previous posts, the top end of the 5350 - 5400 support range has so far held and Nifty future have started recovering. But, the medium term trend is still downwards and the chances of it resuming are still there if the present recovery dissipates. 

    Nifty Futures - Intra-day Chart

    Nifty Futures  - Daily Chart