Saturday 1 August 2009

India's Nifty Fifty - Another good shorting opportunity


As per my earlier posts, some of you will know that I am short term bearish on the NSEI Nifty 50. I think that that the closing levels seen last Friday offer another good short entry point. For a return to the 3600 region. Above I am showing the index versus the p/e ratio for those that are interested and follow such data. I would place a stop above 4970. Good luck to anyone who has a go.

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