Update for 9th May 2011

Another Short Update of Momentum Signal Trading System

• Market seems to have slowed down it's fall. However, the medium term trend may remain downwards for some more time.
• The sell signal dated 28th April at a level of 5785 in the Nifty Futures has made a minimum profit of 200 points. 
• This edition also is limited to basic charts, data and trading system updates.

 Nifty Futures - Intra-day Chart

   Nifty Futures  - Daily Chart 

Update for 6th May 2011

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 ).