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Thursday, August 11, 2011

Update for 11th August 2011


The 5175 - 5225 Resistance Acting Tough ?

It seems that the lower boundary of the gap which almost coincides with the top end of the previous low cum support area of 5175 - 5225 is acting as a strong resistance as of now. Failure to clear the resistance will lead to a test of the lows in the ensuing days. 

Nifty Futures - Daily Chart 





Nifty Options Scene   


The August series Nifty Options Put Call ratio ( PCR August series ) closed higher at 0.99 as on 10th  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 18.56, 3.19 and 1.33 respectively as on 10th 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 10th 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 11th 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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