google.com, pub-7808368332557457, DIRECT, f08c47fec0942fa0 The Ultimate Momentum Signal: Update for 19th April 2011

Tuesday, April 19, 2011

Update for 19th April 2011



  Nifty Poised at 200 DMA !    

  • This update is limited to just the basic minimum due to some unavoidable exigencies. Please read the previous update for a detailed analysis of the technical position of the market.
    Nifty Futures - Intra-day Chart



   Nifty Futures  - Daily Chart 


   Nifty Options Scene   

The April series Nifty Options Put Call ratio ( PCR April series ) decreased to 0.99 times on Monday.

 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 21.66, 3.63 and  1.09 respectively as on  18th 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 at -100 as on Monday.


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 19h 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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