Wednesday, June 8, 2011

Update for 8th June 2011




    Market at Crossroads Again !


Nifty future has so far retained some of the recent positive momentum. However, the Nifty index as well as the BSE Sensex has already gone back in to the neutral momentum zone as on Tuesday's close. Any further weakness in the international markets may hamper the present positive move.

     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 1.36 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 20.52, 3.44 and  1.22 respectively as on 7th 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 in respect of Nifty future has remained in the positive territory  with a value of  100 as on Tuesday. However, the signal has moved to the neutral zone in respect of the indices, S&P Nifty and BSE Sensex.

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  8th 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 !!!


© 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: