NIFTY VIEW 07-08-2013

NIFTY VIEW 07-08-2013

NIFTY VIEW 06-08-2013

TODAY NIFTY CONSTANTLY  COMING DOWN 5555 IS BOTTOM & 5615 IS AVG. TODAY   FII SOLD 20000 CONT OVER ALL SELL AVG IS 5725.

NIFTY PE (PRICE TO EARNING) @ 16.5,,,, HISTORICALLY THIS VALUE IS FAIR VALUE. IN PAST 20 DEC 2011 NIFTY 4544 @ 16.5 PE  & SAME @ 23 MAY 2012 NIFTY 4835 16.5 PE. MARKET GIVEN WAIT AGE TO THIS PRICE WE CAN ANTICIPATE FAIR VALUE IN TODAY MARKET PRICE. IF NIFTY  BREACH 16 PE THEN WE HAVE TO RE WORK FOR NEW LEVELS  .   

WE ARE ANTICIPATE  THIS WEEK CLOSE IS NEAR 5705 (+- 25 POINT)