Nifty Price/Earning Ratio (PE) Chart for 2015

Nifty Price/Earning Ratio (PE) Chart for 2015

• Nifty PE ratio is a very good indicator to decide when to enter the and when to Exit.
• As you can see from above 6 months chart, we see resistance when it goes above PE 23.
• The firsttime when it break up above 23 in month of Feb it stayed there about for 1 month. That was because of the Budget hopes.
• The secondtime it went above 23 on April, it came back down within 20 days
• So you can see clear resitance once it crosses 23.
• So wait for this time when it goes above 23 and it starts falling from peak you can go short and make money.