Thursday, June 30, 2011

Update for 30th June 2011

   The Up-trend Continues as Expiry is Nearer !

The amazing turn around rally is still continuing without any hiccups so far. There might be derivative expiry related volatility in the afternoon session. As the recovery so far has been very steep, the chances of the market slowing down, especially from tomorrow is there. However, the second rung shares which made almost no recovery in the June series derivatives may start rallying in the next series, as the front liners take a breather. As of now, our expectation of a test of the falling trend line as well as the 200 DMA at around 5700 - 5750 levels remains intact.  


Nifty futures - Daily Chart





Nifty Options Scene   

The June series Nifty Options Put Call ratio ( PCR June series ) improved to a higher than normal  1.57 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 20.65, 3.47 and  1.27 respectively as on 29th 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 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 30th 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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