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Friday, April 29, 2011

Update for 29th April 2011



 A Late Edition of Momentum Signal Trading System Update

  • As the author has been busy elsewhere, this edition of Momentum Signal update is a very short one without any commentaries, but with the usual charts and data.
   Nifty Futures - Intra-day Chart



   Nifty Futures  - Daily Chart




   Nifty Options Scene   

The May series Nifty Options Put Call ratio ( PCR May series ) closed at a normal 1.30 times on Thursday. 
 
 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 21.61, 3.67 and  1.08 respectively as on  28th 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 moved in to the negative momentum territory as on Thursday.

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 29th 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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