Nifty Weekly Technical Analysis:Are we in Bubble Territory?
Nifty 5 Mins
Before giving a Technical Perpective let me give a Fundamenta Perpective on Nifty
As per Emkay Reaserch Report we are still having valuation Comfort and still not in Euphoric ZOne
Valuation comfort: Previous peak valuations in 2007 were at 24.5x/20.4x 1FY/ 2FY EPS respectively.
Current valuations are at 19.3x/16.1x 1FY/ 2FY EPS respectively.
Lets have a look at Minutes Charts: We can see a positive divergence which is visible in all Indicators in the above charts.Hence Next week we can continue with our run up as we have 4 …
Read the full story »
Before giving a Technical Perpective let me give a Fundamenta Perpective on Nifty
As per Emkay Reaserch Report we are still having valuation Comfort and still not in Euphoric ZOne
Valuation comfort: Previous peak valuations in 2007 were at 24.5x/20.4x 1FY/ 2FY EPS respectively.
Current valuations are at 19.3x/16.1x 1FY/ 2FY EPS respectively.
Lets have a look at Minutes Charts: We can see a positive divergence which is visible in all Indicators in the above charts.Hence Next week we can continue with our run up as we have 4 …
Read the full story »
posted by Bramesh at
2:01 AM
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