Thursday, May 26, 2011

Update for 26th May 2011


    The Derivative Expiry is Here !

An expiry of derivative contracts for the month of May, in which bulls have made heavy losses, is here. Expiry related negative pressure can be expected on many stocks in the afternoon session. Nifty future is expected to expire near to the strike of 5300 than 5400 in these circumstances. ( Please see the Option Pain chart of May series Nifty options elsewhere on this post. )

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 0.55 times on Wednesday. The below normal PCR may indicate the negative bias of the market. 
 
May Series Nifty Option Pain Chart  
 
 
 
 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 19.72, 3.36 and  1.26 respectively as on  25th 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 remained in the negative momentum territory  with a value of  -100 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 26th 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 !!!

© 2010-2011, momentumsignal.blogspot.com All rights reserved.

Disclaimer: No research, information or content contained herein or in the accompanied spreadsheet shall be construed as advice and is offered for information and educational purposes only. We shall not be responsible and disclaim any liability for any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered by the user or any third party as a result of or which may be attributable, directly or indirectly, to the use of or reliance on any information or service provided. All files/information is provided 'as is' with no warranty or guarantee as to its reliability or accuracy. We do not recommend, promote, endorse or offer any guarantee whatsoever in respect of any services or products offered in the advertisements displayed on the site by Google AdSense.

No comments: