Tuesday, July 26, 2011

Update for 26th July 2011



    Nifty Futures Near the Resistance   

Nifty futures closed just below the resistance band between 5700 and 5760 yesterday. It is almost impossible to guess whether a breakout will happen now or not because of the mostly tight range in which markets are trading now. Please read the previous post for more information on resistances and supports.

   Nifty Futures - Daily Chart 




Nifty Options Scene   

The July series Nifty Options Put Call ratio ( PCR July series ) increased and closed at relatively high 1.41 times as 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 20.71, 3.52 and 1.25 respectively as on 25th 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 moved to the buy territory with a value of  +100 as on 25th 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 26th 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 !!!

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