Thursday, July 21, 2011

Update for 21st July 2011





                                     Back to Square One !                                                                                                          

Nifty futures are back to square one as it has again come back to the last week's trading range around the 100 DMA. There is no change in the technical out look as such. Please read the previous posts for a detailed technical view. Readers may please note that the Momentum Signal system is susceptible to whipsaws in ranged markets and the fact is already disclosed in the risk factors page. It seems that some kind of a breakout in either direction is becoming a requisite before the technical signals starts working.


  Nifty Futures - Daily Chart   





Nifty Options Scene   

The July series Nifty Options Put Call ratio ( PCR July series ) decreased and closed at 1.04 times as 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 20.34, 3.45 and 1.27 respectively as on 20th 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  has again moved in to the negative territory with a value of  -100 as on 20th 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 21st 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 AboutThe 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: