Update for 22nd July 2011

    More of Listless Trading ?       

As Nifty futures have been trading in a horizontal range around the 100 DMA at 5586 for the past one and a half weeks, we may expect listless trading to continue till some breakout happens. Most technical signals or indicators may whipsaw till then. This edition is limited to just minimum system updates for the aforesaid reason. 

  Nifty Futures - Daily Chart  

Update for 21st July 2011

                                     Back to Square One !                                                                                                          

Nifty futures are back to square one as it has again come back to the last week's trading range around the 100 DMA. There is no change in the technical out look as such. Please read the previous posts for a detailed technical view. Readers may please note that the Momentum Signal system is susceptible to whipsaws in ranged markets and the fact is already disclosed in the risk factors page. It seems that some kind of a breakout in either direction is becoming a requisite before the technical signals starts working.

  Nifty Futures - Daily Chart