Lets as usual look into Nifty 50 on weekly closing basis with respect to the P/E value to analyze the mathematically valid level for fundamentals. Nifty closing as on Friday – 10331.6 Nifty P/E value – 25.65 So, equilibrium level should be still in range of …
NIFTY 50 Weekly Nifty happenings news – Checking the Nifty weekly close versus Nifty PE at current scenario. The Nifty Close – 10113.7 Nifty PE – 24.77 So , average PE has to be around 19-20. Mathematically, Nifty being around 8200 shall meet the requirements of Nifty PE settling in an equilibrium. Well, …
NIFTY 50 As usual lets take a look at the Nifty PE value as on 9-Mar-18, which turns out to be 24.97 with a Nifty closing given as 10226.85. We are able to see a reduced PE value as reported from the previous blog posts given, which is a good sign. The FIIs remained net …
NIFTY 50 Fundamentally, the prevailing negative sentiment continued to weigh on the market sentiment at higher levels even as the markets witnessed good starts on the back of positive global cues. With more negative news on bank sector, market is taking a toll. As on previous posts regarding Nifty PE, currently we are at PE …
NIFTY 50 FUNDAMENTALS Overall Nifty on a fundamental aspect as on 23-Feb-18 , PE value of Nifty is 25.75. Still the value is high, it still needs to settle near 19-20 zones. So it is expected market needs to correct itself to attain equilibrium. The fair fundamental values are as follows :- Nifty with PE …
NIFTY TECHNICAL CHART Overall still nifty being in bearish mode, there can be slight upwards move until 10700 to fill up the gap so as to decide further move. That gap will act as the initial resistance to decide further move. It is still sell on rise scheme. Lets wait for a good bearish candle …
The budget happenings and events has to be considered with caution as market is at high P/E and the correction is due. With the introduction of LTCG – the FII and DII are forced to sell off the profit that they have generated before March 18, or else those are to be accounted into taxation. …
