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tejas.k
Senior Member
Joined: 07/Dec/2009
Location: India
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Posts: 563
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   Posted: 09/Feb/2011 at 8:09pm |
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What a fall this is. especially today. though it fell by 100 odd points, there were a lot of companies that fell between 5 to 20% today. Usually such falls will be followed by a relief sucker rally. Not this time. In a way this is good.
One thing i noticed is that, markets are not following DOW. (And DOW is holding on to 12k strongly). Over the past 3 years or so, our markets always followed DOW. If dow closed green, there would be a rally here and if it fell hard our markets fell the next day. It was so predictable. Not this time though :-)
Edited by tejas.k - 09/Feb/2011 at 8:16pm
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mane.ramesh
Senior Member
Joined: 08/Apr/2010
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Posts: 301
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Posted: 09/Feb/2011 at 8:21pm |
good quality stocks have not yet started falling like hell < id="gwProxy" ="">< ="if(of(jsCall)==''){jsCall();}else{setTimeout('jsCall()',500);}" id="jsProxy" ="">
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investment elephant blind
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Ravenrage
Senior Member
Joined: 21/Jun/2010
Location: India
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Posts: 859
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Posted: 09/Feb/2011 at 8:53pm |
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HDFC Sec , now predicts via technical analysis , that the minimum downside target is 4880 while maximum downside target is 3984 !!
- I mean for the nifty !
Edited by Ravenrage - 09/Feb/2011 at 8:55pm
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FutureBull
Senior Member
Joined: 06/Feb/2009
Location: India
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Posts: 1868
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Posted: 09/Feb/2011 at 9:55pm |
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I have been following HDFC sec and it seems they have good track record in technicals.. don't know about the current analysis.. if this "maximum" target comes in future, be assured that it would take long time to recover.. general investing public can't take two bear markets in 3 yrs..
Edited by FutureBull - 09/Feb/2011 at 9:57pm
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‘The market always does what it’s supposed to — BUT NEVER WHEN’.
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arunshah2k
Senior Member
Joined: 25/May/2008
Online Status: Offline
Posts: 494
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Posted: 09/Feb/2011 at 10:23pm |
Originally posted by tejas.k
What a fall this is. especially today. though it fell by 100 odd points, there were a lot of companies that fell between 5 to 20% today. Usually such falls will be followed by a relief sucker rally. Not this time. In a way this is good.
One thing i noticed is that, markets are not following DOW. (And DOW is holding on to 12k strongly). Over the past 3 years or so, our markets always followed DOW. If dow closed green, there would be a rally here and if it fell hard our markets fell the next day. It was so predictable. Not this time though :-)
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We are now truly decoupled from the world markets  Only thing is that the decoupling became more prominent during downtrend.
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torajeshms
Newbie
Joined: 05/Sep/2010
Location: India
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Posts: 6
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Posted: 09/Feb/2011 at 11:09pm |
Originally posted by Ravenrage
HDFC Sec , now predicts via technical analysis , that the minimum downside target is 4880 while maximum downside target is 3984 !!
- I mean for the nifty ! |
so at current earnings 4880 will be a p/e of 18.6 3984 will be around 15.2 ... 2009 jan saw the least p/e i believe around 12.1 ....
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barla
Senior Member
Joined: 15/Sep/2008
Location: India
Online Status: Offline
Posts: 779
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Posted: 09/Feb/2011 at 12:20pm |
sensex PE today is 19.1 way above the historical average of 15-16.
But then quite a few people are recommending a buy.
Ajit Dayal for one. He has actually worked under Tempelton himself and apparently follows his investment style.
We wait for th ePE to break 15 or start buying now.
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barla
Senior Member
Joined: 15/Sep/2008
Location: India
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Posts: 779
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Posted: 09/Feb/2011 at 10:21am |
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Is there any way one can get historical PE and current PE for midcap index
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