Warning Signs

L

Linus

Active Member
#1
#1
At these higher levels of the market, there are two things of note: negative breadth and 20 day high lows. The A/D has slipped into negative zone and so is the number of stocks making 20 days high minus 20 days lows- ie more stocks are making 20 days lows than highs. This may not mean much, given the amount of liquidity driving the markets, but is worth a look. Figures are for NSE.

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karthikmarar

karthikmarar

Well-Known Member
#4
#4
Sunil

Interesting... Considerning the liquidity situation and market is marching ahead... could it be just portfolio readjustment by the big guys... just wondering.... any views..


regards

Karthik
 
R

rajaram.dilipkumar

Well-Known Member
#5
#5
karthikmarar said:
Sunil

Interesting... Considerning the liquidity situation and market is marching ahead... could it be just portfolio readjustment by the big guys... just wondering.... any views..


regards

Karthik
Click to expand...

I studied historical P/E data from Mar 2001 and its amazing to note that the market has never breached P/E level of 22.02 ......it has reached the P/E level of 22.01 only twice once on 8th march 2004 and again the same level yesterday.In the earlier occasion from 22.01 it reached 12.87 on 17th may 2004(within a span of two months)i.e. a fall from 1885 to 1388 ( nearly a third of nifty shaved off)......now will history repeat itself .

just go through the link on historical P/E :-

http://www.nseindia.com/content/indices/histdata/S&P CNX NIFTYpe1320012572007.csv
 
U

uasish

Guest
#6
#6
rajaram.dilipkumar said:
I studied historical P/E data from Mar 2001 and its amazing to note that the market has never breached P/E level of 22.02 ......it has reached the P/E level of 22.01 only twice once on 8th march 2004 and again the same level yesterday.In the earlier occasion from 22.01 it reached 12.87 on 17th may 2004(within a span of two months)i.e. a fall from 1885 to 1388 ( nearly a third of nifty shaved off)......now will history repeat itself .

just go through the link on historical P/E :-

http://www.nseindia.com/content/indices/histdata/S&P CNX NIFTYpe1320012572007.csv
Click to expand...

Useful info,have you studied this on Sensex & what was the corresponding P/E there on both those occasion.
 
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