Tuesday, April 19, 2011

Update for 20th April 2011

  Nifty Hangs On to the 100 & 200 DMAs !    

  • As indicated in the previous posts, Nifty future has not broken the support of 5700 - 5750 area where the 100 ( 5716 ) and 200 ( 5740 ) day moving average are placed at present.
  • Nifty futures may spend some more time trading between the 5700 - 5950 area, provided the above support holds.
  • In case of a break of the support , another revisit of the 5550 to 5600 area is feasible.
  • This edition of Momentum Signal post is also limited to the very basic charts and trading system updates.
    Nifty Futures - Intra-day Chart

Nifty Futures  - Daily Chart 

   Nifty Options Scene   

The April series Nifty Options Put Call ratio ( PCR April series ) remained unchanged at 0.99 times on Tuesday.

 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 21.65, 3.64 and  1.09 respectively as on  19th 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 Tuesday.

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 20th 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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