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Wednesday, June 15, 2011

Update for 15th June 2011



    Nifty Futures may Remain Range Bound !


Markets have a tendency to trade range bound while awaiting for major events like the mid quarter monetary review of RBI on 16th June, 2011. Even otherwise Indian markets lack any triggers at present. Nifty futures may trade range bound in the above scenario at least till the RBI action.

Readers of this blog are requested to note that the Momentum Signal is prone to make whipsaw signals in ranged markets and the fact is already elaborated in the Risk Factors page.

   Nifty Futures - Intra-day Chart    


  Nifty Futures  - Daily Chart



  Nifty Options Scene   

The June series Nifty Options Put Call ratio ( PCR June series ) remained at 1.29 times on Thursday. The maximum open interest of June series Nifty Put options is placed at the 5400 strike at present. Naturally, this area may act as some support to the market for the time being.


 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 20.31, 3.41 and  1.29 respectively as on 14th 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  negative momentum territory as on Tuesday.

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  15th 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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