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Thursday, July 28, 2011

Update for 28th July 2011


 The Battle for the 5500 Strike is On !  

The major option position build up at the 5500 strike is acting as a major battle point in today's trading, although some of the Put build up has moved to the 5400 strike. Some more Call selling was observed at the 5500 strike. Though the option writers would like an expiry at around the 5500 strike, it is still unclear whether this will be managed because of the external factors. The next support for the market below the earlier 5500 - 5520 support is around the 5350 - 5400 area. 

   Nifty Futures - Daily Chart   




Nifty Options Scene   

The July series Nifty Options Put Call ratio ( PCR July series ) decreased and closed at relatively bearish looking 0.88 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 20.09, 3.44 and 1.28 respectively as on 27th 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 sell territory neutral as on 27th 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 28th 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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