Wednesday, April 27, 2011

Update for 27th April 2011


   Another Long legged Doji Candle ?

  • Large cap stocks sold off in tandem with other Asian counterparts in the first half of the trading day on Tuesday.
  • However,  the afternoon session saw the Nifty contracts recovering most of the losses of the morning session.
  • Tuesday's trading has again lead to the formation of another doji candle, this time a long legged one, indicating indecision by the market participants.
  • Momentum Signal has closed at the neutral territory for the second day in succession. 

  Nifty Futures - Intra-day Chart



 Nifty Futures  - Daily Chart 




   Nifty Options Scene   

The April series Nifty Options Put Call ratio ( PCR April series ) declined further to 1.28 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 21.91, 3.72 and  1.06 respectively as on  26th April, 2011.  ( More information and a long term analysis on Nifty historical valuation are available from the "Nifty Fundas" page ).


 Latest Ultimate Momentum Signal 


Momentum Signal has closed at the neutral territory for the second day in succession.

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 27th 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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