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Broader Picture |
smartcancerian
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Post: #1  Posted: Sat Dec 15, 2012 8:52 am Post subject: Broader Picture |
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Last edited by smartcancerian on Sat Dec 15, 2012 9:08 am; edited 1 time in total |
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smartcancerian
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| Post: #2 Posted: Sat Dec 15, 2012 8:54 am Post subject: |
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Last edited by smartcancerian on Sat Dec 15, 2012 9:09 am; edited 1 time in total |
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smartcancerian
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| Post: #3 Posted: Sat Dec 15, 2012 8:59 am Post subject: |
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Last edited by smartcancerian on Sat Dec 15, 2012 9:12 am; edited 1 time in total |
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apka
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| Post: #4 Posted: Sat Dec 15, 2012 9:10 am Post subject: |
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Hi
the charts are interesting
could you please help us understand what they mean, these figures are based on which calculation, what they show for future scope ? |
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smartcancerian
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| Post: #5 Posted: Sat Dec 15, 2012 9:15 am Post subject: |
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hello apka..these are not my creations...i got them from some source..wanted to share here in icharts for fellow members..where we can discuss & interpret these for our trading as well as investment decisions..
Thanx.. |
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smartcancerian
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Posts: 542
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| Post: #6 Posted: Sat Dec 15, 2012 9:22 am Post subject: |
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Interesting to note from sensex-P/E chart..Indian markets have been consolidating for nearly two years..between 13x-17x band. & now consolidating for one & half year between 9x-13x ...Shall it breakout on some side..?? Request PT/ST/ RR sir & other seniors ..to enlighten..
Thanx.. |
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SwingTrader
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Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #7 Posted: Sat Dec 15, 2012 10:12 am Post subject: |
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smartcancerian,
There is a case for both bullish & bearish scenarios when one takes PE into consideration. I keep track of NIFTY PE vs DIV YLD chart (attached here) and I see that PE has been going down since end of 2010, has gone sideways since end of 2011 and looks like has bottomed in May 2012. Now one can say that PE will keep rising as it has bottomed since it has fallen quite a lot since 2012 but one can also make the case for a further fall to the levels seen at 2008 market bottom.
The way I see it...a rise from here will mean a good bullish move followed by a long dragging bear market (after PE reaches the highs) OR a fall from here to around 2008 lows from where a long bull market can start. Only time will tell....
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Srikanth Kurdukar
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #8 Posted: Sat Dec 15, 2012 11:56 am Post subject: |
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| Good one ST but please plot PE vs. nifty chart if possible because long term investment begins when PE is less than 10 if company fundamentals are good for at least 5 years, which is anyway the case for most of nifty stocks. Even as nifty dropped from early 2008, earnings have shown a growth of about 11% since then. Couple that with inflation and $-INR rate and we see much higher levels in long term. Presently PEs of some stocks are not attractive. Also, one should ignore public sector stocks including banks. Add to that possible rerating of India (-ve) and some stocks/sectors (+ve) and we will see interesting rotation in investment. |
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SwingTrader
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Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #9 Posted: Sat Dec 15, 2012 9:18 pm Post subject: |
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| vinay28 wrote: | | Good one ST but please plot PE vs. nifty chart if possible because long term investment begins when PE is less than 10 if company fundamentals are good for at least 5 years, which is anyway the case for most of nifty stocks. Even as nifty dropped from early 2008, earnings have shown a growth of about 11% since then. Couple that with inflation and $-INR rate and we see much higher levels in long term. Presently PEs of some stocks are not attractive. Also, one should ignore public sector stocks including banks. Add to that possible rerating of India (-ve) and some stocks/sectors (+ve) and we will see interesting rotation in investment. |
I will try and post the chart - PE vs NIFTY - later. But you lost me on the rest of the stuff you posted.
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vinay28
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| Post: #10 Posted: Sat Dec 15, 2012 10:15 pm Post subject: |
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It was just loud thinking on PE based investment which many funds do. |
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smartcancerian
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Posts: 542
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| Post: #11 Posted: Wed Dec 19, 2012 7:30 am Post subject: |
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Yesterday Nifty Future closed (5928.90) above its VWAP-5901.31..
(source -Nseindia.com)..Bnf was already above its VWAP..lets see what happens next..  |
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smartcancerian
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Posts: 542
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| Post: #12 Posted: Wed Dec 19, 2012 8:31 pm Post subject: |
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Today Nifty Future closed (5946.90) marginally below its VWAP-5947.46..
..Bnf also closed (12545.90) below its Vwap-12550.65 |
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smartcancerian
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Posts: 542
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| Post: #13 Posted: Thu Dec 20, 2012 9:07 am Post subject: |
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Uploaded with ImageShack.us |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #14 Posted: Thu Dec 20, 2012 11:27 am Post subject: |
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| yep 5900ce pe eating premium. |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #15 Posted: Mon Dec 24, 2012 10:12 am Post subject: |
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