Thursday, July 14, 2011

Update for 14th July 2011

  Nifty Futures Still Supported by the 50 DMA ?

The gap seen in the daily chart of Nifty future was filled yesterday. But the gaps in the daily charts of the Nifty and Sensex  are still open and this makes the technical position tricky. Except for these comments today's update is limited to just charts and system updates. 

Nifty Futures - Daily Chart    




Nifty Options Scene   

The July series Nifty Options Put Call ratio ( PCR July series ) closed higher at a  1.15 times on Wednesday.


 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 20.51, 3.46 and 1.27 respectively as on 13th 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  remained in the sell area but with values of -50 in case of Nifty futures and -100 in respect of the indices  as on 13th 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 14th 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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