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Friday, April 15, 2011

Update for 15th April 2011



 A Short Covering Rally, Infosys Results and After !   
 
  •  As this author is on a holiday, this edition of Ultimate Momentum Signal contains only the basics data and charts.
  • Traders may note that the previous posts had opined that the underlying positive momentum in the weekly charts may prevent the market from falling much and this may  turn the previous sell signal in to a whipsaw. Therefore, it was advised that some part booking of profits and hedging of short positions, if any, at the first support area 5725 to 5750 would be desirable. 
    Nifty Futures - Intra-day Chart



    Nifty Futures  - Daily Chart 




  Nifty Options Scene   

The April series Nifty Options Put Call ratio ( PCR April series ) increased to 1.42 times on Wednesday.



 Nifty Trailing Fundamentals    


The trailing Price Earnings Ratio  ( PE Ratio ), Price to Book Value ( PB Ratio ) and Dividend Yield ( DY Ratio ) of the Nifty Index  were at 22.43, 3.75 and  1.06 respectively as on  13th April, 2011.  ( More information and a long term analysis on Nifty historical valuation are available from the "Nifty Fundas" page ).


 Latest Ultimate Momentum Signal 


 The Momentum Signal has closed in the neutral territory as on Wednesday, the last trading day.


Projected Momentum Signal Close Values

The projected levels of Momentum Signal values applicable to various ranges of closing values of the current month Nifty Futures, Nifty Index and the BSE Sensex,  as at the close of next trading day, ie. as on 15h April, 2011, are given in the following table. All readers are requested to take note that the table below is just a ready reckoner for the next day's Momentum Signal values and the figures are not intended to be interpreted as any targets for the Nifty futures or indices shown therein.


Click on the table above for an enlarged view.


Readers are also requested to go through The Signal, Entries and Exits, Position Limits, Risk Factors, Risk Analysis,  and FAQs pages to gain a reasonable understanding of the trading system. Please do post your  comments and suggestions on how new  posts can be made more useful.



Cheers and Prosperous Investing and Trading !!!




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