Wednesday, June 1, 2011

Update for 1st June 2011



  Positive Momentum Remains Intact !

  • The positive momentum remains intact in today's trading too. However, some slow down or a pause in the uptrend may be in the offing.
  • Monday's buy signal has already generated a profitable excursion of 100 points in the Nifty Futures. 
  • As the technical position is unchanged, this update is limited to the very basics.
  Nifty Futures - Intra-day Chart  


      Nifty Futures  - Daily Chart  




  Nifty Options Scene   

The June series Nifty Options Put Call ratio ( PCR May series ) was hovering at a very normal 1.34 times on Tuesday. 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 20.53, 3.45 and  1.22 respectively as on  31st 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 moved to the positive territory  with a value of  100 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  1st 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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