Nifty P/E Chart – Nov2013

nifty-pe-chart-nov2013

Nifty gets strong buying when it falls to P/E 15. A revisit to P/E 17 is possible based on the P/E chart (blue), which would correspond to about 5750 on Nifty Index price, which would also re-test the 200 DMA at 5850. Markets are moving rapidly between optimism and pessimism.

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