The below is the percentile data of #nifty's P/E and P/B ratio from 13-Sep-2010 till today. Higher the %, higher is overbought level of #nifty. Just to give you a sense, today's P/E ratio is 29.59 which means it is in the top-2% of overbought status. Also, just FYI, 
on 23-Mar-2020, the day #nifty made a closing low of 7610, it had a P/E ratio of 17.15 (lower than 5%) indicating that was such a great time to buy from a long-term perspective.
Just FYI, I had invested all my trading capital in #nifty BEES when #nifty was ~9200 at a price of
Just FYI, I had invested all my trading capital in #nifty BEES when #nifty was ~9200 at a price of
98.40. Yesterday, I sold all of that at a price of 119.52. Now, I am fully in cash... I mean from an investment perspective...not counting F&O trading positions obviously.
This is the plan:
Will invest 75% of capital once P/E ratio goes below 18.86
Another 15% below 17.70
This is the plan:
Will invest 75% of capital once P/E ratio goes below 18.86
Another 15% below 17.70
Another 5% below 17.18 and
balance 5% below 16.85
God knows, if and when, that will happen! Let's see...
balance 5% below 16.85
God knows, if and when, that will happen! Let's see...
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