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Friday, June 10, 2011

Update for 10th June 2011



    Listless Trading Continues !

Nifty future is still trading in the narrow range 100 point range between 5480 and 5580. Though, Wednesday's inside day candle was broken downwards on Thursday, the contract never broke the 5480 minor support. So long as the Nifty contracts trades in the range, the direction of the next move remains unpredictable.

     Nifty Futures - Intra-day Chart    



  Nifty Futures  - Daily Chart 




  Nifty Options Scene   

The June series Nifty Options Put Call ratio ( PCR June series ) was hovering at a very normal 1.33 times on Thursday. The PCR  as such is not showing any negative bias to the market as of now unlike in the previous month.


 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 20.39, 3.43 and  1.28 respectively as on 9th June 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  neutral 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  10th June, 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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