Is bear getting ready for next move ?

vishaljain's picture

 #

Bulls have driven market back to glory days. From a hole at 8600 to peak at 16000 journey has been interesting. There were times when we lost confidence but strike back with vengeance to pull the stocks from cheap to expensive.
"Expensive" is a simple word but its defining expensive is very complicated. Stocks are usually measured on P/E which I don't think a solid and very static way of measuring value. But P/E doesn't stay static.

Any way, as of this writing nifty trading at p/e of 22. We all are realizing that stock are getting ahead of itself in anticipation of good profits in coming quarter.

Bear are getting ready for a march on Dalal street. Profit taking can take front seat and some money can come of the table .

Marketmen believe the market sentiment is likely to remain bullish.

But in medium term uptrend is intact and will continue its march.

 

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