Nifty 50 p/e ratio - Brief update

Above is a chart of the NSEI Nifty 50 on a weekly basis including the p/e reading in the lower half so that readers can follow the link between the two. As per my prior posts I see a retrace towards 3600 before the possibility of thinking about getting long again. This also ties in nicely with my post below about a hint at the change in perception of global growth. I will try to update my developed vs emerging ratio too.