Do you think NIFTY is overbought or still has more room upside?

p699

New Member
#1
All sectoral PE ratios have gone thru the roof. I feel like the market has to consolidate. But this uptrend does not show any signs of weakening !:confused:

Do you see any downside to markets in this JUNE month ?
 

ap*

Well-Known Member
#2
This is like the million dollar question on everyone's mind. In short i can say that no one in the market will know if were at the top or bottom till a few days after it makes the move. About PE being high we aren't in the bubble territory yet and we have gone much higher in the past.
 

ap*

Well-Known Member
#5
For trading if we look at fundamentals and analyse then the wel be wrong more often than not. In trading its better to follow price. Incase your investing then PE ratios etc make sense trying to track and buy at lower levels and sell higher. So in that sense we maybe overbought as of now in investing terms. But for a trading perspective nifty can go anywhere.
 

p699

New Member
#8
Nifty seems weak now but I am getting frustrated waiting for BNF to come down. Why on earth people are buying into debt laden Indian banks !!!!
 

traderniftybull

Well-Known Member
#9
Nifty seems weak now but I am getting frustrated waiting for BNF to come down. Why on earth people are buying into debt laden Indian banks !!!!
bhai do not frustrate unnecessarily
otherwise
IMO, there may be more frustration for you in the pipeline
so take care.
 

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