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Thursday, August 18, 2011

Update for 18th August 2011


Bleeding Continues !

After the formation of an inside day candle yesterday, the down trend has started again. Market is in the process of testing the panic low, as indicated in the previous post. The immediate short term direction of the index may depend up on the said test.  

Nifty Futures Daily Chart 




 Nifty Trailing Fundamentals  


Though, the major indices are trading  at fourteen month lows, the trailing valuation ratios of the Nifty index are just reaching the long term averages right now, as the trailing ratios have been hovering at significantly higher than the long term averages indicating sustained over valuation.
 
The trailing Price Earnings Ratio  ( PE Ratio ), Price to Book Value ( PB Ratio ) and Dividend Yield ( DY Ratio ) of the Nifty Index  were at 18.25, 3.12 and 1.36 respectively as on 17th 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 17th 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 18th 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 !!!

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. )


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