Will the Market Pause Now ?
This update also is limited to the bare minimum due to paucity of time. Regular readers are requested to kindly bear with the author.
Nifty Futures - Daily Chart
Nifty Options Scene
The May series Nifty Options Put Call ratio ( PCR May series ) deteriorated to a below normal and bearish looking 0.71 times on Thursday. The deterioration in the PCR may indicate the negative bias of the market.
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 20.32, 3.43 and 1.23 respectively as on 5th May 2011. ( More information and a long term analysis on Nifty historical valuation are available from the "Nifty Fundas" page ).
