Thursday, May 12, 2011

Update for 12th May 2011



  Update of Momentum Signal Trading System


Since the blogger is preoccupied and is forced to limit the updates to the basics. Here is the short update of the Nifty futures and options trading system.

  Nifty Futures - Intra-day Chart



   Nifty Futures  - Daily Chart 


   Nifty Options Scene   

The May series Nifty Options Put Call ratio ( PCR May series ) increased slightly to a below normal and bearish looking 0.77 times on Wednesday. The below normal PCR may indicate the negative bias of the market. 
 
 
 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 20.71, 3.50 and  1.21 respectively as on  11th May 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 gone to the neutral momentum territory  with a value of  0 as on Wednesday.
 
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 12th May, 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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