Wednesday, June 29, 2011

Update for 29th June 2011


    The Up-trend Continues !

The strong uptrend which started with a bear trap below the 5340 levels is continuing unabated with the Nifty futures contracts already in the gains for a straight fifth day. The contract is also approaching two minor highs at 5610 and 5622. Though the uptrend seems to be on a strong wicket now, it seems that some consolidation is in order as of now.  

Nifty Futures - Daily Chart   




Nifty Options Scene   

The June series Nifty Options Put Call ratio ( PCR June series ) improved to a higher than normal  1.56 times on Monday. 
 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 20.44, 3.44 and  1.28 respectively as on 28th 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 positive momentum territory ( but area )  with  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  29th 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 !!!


To access and/or download  the free online Position Limit Calculator click here. ( Please use the latest or updated browsers to access the Google Documents service. )

© 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: