Sunday, May 15, 2011

Update for 13th May 2011

 Blogger Service  Outage Prevented Timely Update

Regular readers of Momentum Signal trading system might have noticed that no post for Friday, ( the 13th of May ) was published. This is the first failure in the past 15 months or so the system has been online that  an update was not published before the end of a trading day. Not only that the already published update for 12th May also vanished without a trace. This author apologizes for the failure. 

Well, all these happened due to something beyond the power of this author. The blogger service was apparently having some technical difficulties for some time in extending a hitherto almost non-stop service, and this blogger faced problems to even log in from last Wednesday night. However, the the update for 12th could be published some how. For the whole of Friday, the blogger service remained read only with no access to the authors and some of the previous posts even vanished. The service was restarted some time on Saturday and the vanished update was also restored by the blogger.  

This author is glad to inform the regular followers the system that a back up service of the trading system is proposed to be provided at the in case of such rare occurrences.   

The update for last Friday is being published late now in this post but the latest update for Monday, the 16th of May, 2011 follows. 

  Nifty Futures - Intra-day Chart

      Nifty Futures  - Daily Chart 

   Nifty Options Scene   

The May series Nifty Options Put Call ratio ( PCR May series ) decreased slightly to a below normal and bearish looking 0.74 times on Thursday. 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 20.40, 3.45 and  1.23 respectively as on  12th 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  -40 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 13th 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.

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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1 comment:

Nifty Option Tips said...

Hi,Seems like it’s a nice blog. So let us also add something useful in it. Trading in volatile market can be very fruitful also if we follow technical levels closely. It’s a common saying that stock market can change fortune in either way. But now the question is how to earn money from the Indian stock market. Traders are advised to strictly follow technical analyses and investors can follow fundamental analysis. Many analysts say it’s not wise to follow technical and fundamental analysis together. But we say what the problem is if one does so? As more knowledge will add up things will not have any negative impact.
Nifty Option Tips