Sunday, September 26

Nifty and Bank Nifty Weekly Technical View

Nifty Daily Chart

Nifty Daily Charts are displayed below showing the power of money dumped by FII.Its a stellar rally which Indian brouses are seeing.Valuation are moving towards bubble territory as NIfty P/E is at 25.11.
FII inflow in September 2010, totaled Rs 17,499.43 crore (till 23 September 2010). FIIs had bought equities worth Rs 11,687.50 crore in August 2010. FII inflow in the calendar year 2010, totaled Rs 36994.53 crore (till 23 September 2010).
In Continuation to its upward rally it moved up consecutively higher on the second day of the week …
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