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Wednesday, July 13, 2011

Update for 13th July 2011

 Nifty Futures Supported by the 50 DMA ?

Nifty futures reversed from the 200 DMA at 5750 level and traded lower to reach the 50 DMA at 5505. The 100 DMA is presently placed at 5575. Most of the trading yesterday was confined between these 50 and 100 DMAs. The presence of a wide gap between the trading ranges of the last two days also complicates the technical position. Such a gap may attract the market to fill it in the short term. Now, if the gap does not get filled in the next few days, the downtrend may continue with a minimum target of 5450. A break of  the 5500 level and 50 DMA may also lead to a revisit of the 5350 - 5400 support levels. However, all these are contingent upon the markets failing to cross the 100 DMA, filling the gap and closing above these important points.

Nifty Futures - Moving Averages Chart  


Nifty Futures - Daily Chart     



Nifty Options Scene   

The July series Nifty Options Put Call ratio ( PCR July series ) closed lower at a  1.07 times on Tuesday.


 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 20.29, 3.43 and 1.28 respectively as on 12th July 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  moved in to sell territory and closed at -100 as on 12th July, 2011. 

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 next close, ie. as on 13th July, 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 About, 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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