After End of Nation's Yly BIG Event - PM's Independence Day Speech Is NIFTY' Prepares to move 11115 - 11092 - 10967? - Global Ques also say so Though Morning DOJI Star (Bullish pattern) formed in Candle stick Pattern. In UPSIDE 11440 - 11453 - 11477 - 11492 Looks Crucial. Can't witness NEW CLOSING HIGH in Coming Trading Session.
this is 2018 (aug) eight mth running there for 11810
DSKF16
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@ManishChandrakantShah, So, Next Month (2018 , 9 month) 11900+, ...... Oct (2018, 10) 12000 ....... End of 2018 12200+, Good mathematics.
ManishChandrakantShah
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i think that mkt mathmatically goes to 11770 to 11810in one mth
Tradepro_MoneyFlow
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Hi, With just some lines drawn, how you are saying this? what is the fundamental base for you point?
DSKF16
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@sandeep853, The price-to-earnings ratio of the NIFTY is a simple market-valuation ratio.
A general guideline to help understand the valuation is:
P/E > 24 = Dangerously overvalued
P/E > 20 < 24 = Overvalued
P/E > 16 < 20 = Fairly valued
Current P/E: 27.42 9after 14/08/2018) (Ref: MAX: 27.8)
Tradepro_MoneyFlow
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@DSKF16, Good to see that you are making your point fundamentally. Not many so called chartist's do that.. Wish you a great day.
DSKF16
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@sandeep853, Thanks.
Watch snapshot (Low of opening Candle)