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Wednesday, August 10, 2011

Update for 10th August 2011


High Volatility to Continue !

It seems that the high volatility in the market may take some more time to subside. The following chart of India VIX shows the explosion of implied volatility seen in the Nifty Options.

India VIX - Daily Chart  



Nifty Futures - Daily Chart 




The three day old gap is yet to be filled in the daily charts. As such. both the boundaries of the gap may act as resistances in recoveries, especially in the shorter time frames. The lower boundary of the gap is at 5233 and the the upper at 5325.   


Nifty Options Scene   


The August series Nifty Options Put Call ratio ( PCR August series ) closed higher at 0.93 as on 9th August, 2011.


 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 18.24, 3.13 and 1.35 respectively as on 9th August 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 remained in the negative momentum territory as on 9th August, 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 10th August, 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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