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Nifty p/e has touched a high of 23.07 be alert !
BUT WE MAY EXPECT UPTO 28 AS A BUBBLE IF ALL THE FACTORS GLOBALLY AND DOMESTIC ACTIVITIES SUPPORTS
NIFTY IS HIGHLY IN OVER BOUGHT ZONE.....
RSI ALSO CROSSED 70 AND INDICATES OVER BOUGHT LVL ...
DONT INITIATE AGRESSIVE LONG POSITIONS NOW .
WAIT FOR CORRECTION IF U ARE AN INVESTOR.
BUT MARKET WONT GO BELLOW 5300 UNDER ANY CIRCUMSTANCE ATLEAST FOR THIS EXPIARY....
NIFTY 5400 PE ADDS 12 LAKH SHARES IN OI (SUPPORT)
NIFTY 5600 CE SHEDS OPEN INTREST ... (MAY GO UPTO THESE LEVELS)
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