Index and Futures Reach 200 DMAs !
Nifty futures contracts and the underlying index have almost reached the target of 5750 - 5760 mentioned in some of the previous posts. Since the 200 DMA coincides with the falling trend line, it is still not clear whether the rally would be able to break above these resistance area now, or later on, after a sideways move or a correction.
Nifty Futures - Daily Chart
Nifty Options Scene
The July series Nifty Options Put Call ratio ( PCR July series ) closed at a normal 1.41 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 21.12, 3.55 and 1.24 respectively as on 7th 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 remained in the positive momentum territory ( but area ) with value of 100 as on 7th 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 8th 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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