Nifty Futures' Direction - Still Undecided ?
The gaps in the charts of indices were filled as on yesterday. But, the direction of Nifty seems to be still undecided and it is still enjoying support at the 5500 - 5550 levels. Due to other pre-occupations, this edition is kept short with just the system updates.
Nifty Futures - Daily Chart
Nifty Options Scene
The July series Nifty Options Put Call ratio ( PCR July series ) closed higher at a 1.18 times on Thursday.
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 20.55, 3.47 and 1.27 respectively as on 14th 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 remained in the sell area with a value of -100 as on 14th 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 15th 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 About, The 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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