Update for 19th July 2011

  Nifty Futures are Still In No-Man's Land ?

There has been no change in the technical position of the market since the previous post. Hence, this post is limited to the charts and system updates.

Nifty Futures - Daily Chart  

Nifty Options Scene   

The July series Nifty Options Put Call ratio ( PCR July series ) closed unchanged at a 1.12 times as on Monday. 

Update for 18th July 2011

    Nifty Futures In No-Man's Land ? 

It seems that Nifty futures is stuck in the no-mans land at present. Though the trading was highly volatile, Nifty futures closed without much change for the last four trading days. Moreover, in spite of the Momentum Signal going in to the negative territory, Nifty futures has remained steadfastly above the support of 5500  - 5550 area. 

Nifty Futures - Daily Chart   

   

Nifty Futures - Daily Moving Averages Chart