At 9100, Nifty PE ratio was 23.96,it couldn't cross 24,
Biggie thought enough and started pulling out profits.
They started investing in Aug /Sep 2013 when Nifty PE was 15.53.
I made few calculations which points that fresh investments
can come in around Nifty PE around 18.30.
So currently with little variation when 3rd quarter earnings out with all
Nifty companies, 18.30 translates to 6960.
If you can go thru my Blog on 25th Aug, I posted
Bearish India Nifty: Short term sell on rise. Look back for any long term outlook
is buy near 6980 levels.
So both of them compliment each other.
Fellow countrymen, wait for 6960-6980 levels to enter any nifty stock.
Happy investing.
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