Nifty 50 trend already tested 8212 today and it has recovered from 7896.35 dated 26/12/2016 and gained 315.65 points from its lower end after fall which initiated from 8723 dated 24/10/2016 (our previous trend estimation). The defined estimated decline of 7683 has not been achieved till date and we estimate further down trend towards 7400-7200 because the fundamental of S&P BSE SENSEX and NIFTY INDEX are still in bearish mode due to high PE of their own and its dervatives which are clearly mentioned below. The NIFTY INDEX S&P BSE SENSEX current PE are trading on higher sides i.e. 21.93 and 20.88 dated 30/12/2016. Currently both PE are on very higher side and these should come down below 19 and around between 17-18 which is standard of safety accepted worldwide for indexes, equities and their derivatives. India is not exception in the world.
The PE levels mentioned below will describe safety levels of different S&P BSE SENSEX and its derivatives and the investors may take their decision accordingly during their investment.
PE Below 13 is excellent
PE above 13 is Best
PE above 15 is Good
PE above 17 is Fair
PE above 18 is Poor
PE above 19 is Dangerous
The PE Ratio of Nifty INDEX S&P BSE SENSEX on 30-Dec-2016 are as follows:
Current Nifty INDEX PE Ratio is 21.93.
Current S&P BSE SENSEX PE Ratio is 20.88.
Current S&P BSE 100 PE Ratio is 22.69.
Current S&P BSE 200 PE Ratio is 22.79.
Current S&P BSE 500 PE Ratio is 24.08.
Current S&P BSE MidCap PE Ratio is 26.82.
Current S&P BSE SmallCap PE Ratio is 69.23.
Current S&P BSE AUTO PE Ratio is 22.16.
Current S&P BSE BANKEX PE Ratio is 24.58.
Current S&P BSE CONSUMER DURABLES PE Ratio is 64.15.
Current S&P BSE CAPITAL GOODS PE Ratio is 27.64.
Current S&P BSE Telecom PE Ratio is 40.55.
Current S&P BSE Utilities PE Ratio is 17.75.
Current S&P BSE Consumer Discretionary Goods & Services PE Ratio is 33.88.
Current S&P BSE Energy PE Ratio is 16.43.
Current S&P BSE Finance PE Ratio is 22.37.
Current S&P BSE Industrials PE Ratio is 27.84.
Current S&P BSE Fast Moving Consumer Goods PE Ratio is 37.16.
Current S&P BSE Healthcare PE Ratio is 28.48.
Current S&P BSE Information Technology PE Ratio is 16.69.
Current S&P BSE METAL PE Ratio is -20.57.
Current S&P BSE OIL & GAS PE Ratio is 14.68.
Current S&P BSE POWER PE Ratio is 17.71.
Current S&P BSE REALTY PE Ratio is 41.89.
Current S&P BSE TECK PE Ratio is 18.26.
Date NIFTY INDEX High & Low
during FY 2015-2016
Dec 30, 2016 8207.10
Dec 26, 2016 7896.35
Dec 08, 2016 8267.75
Nov 24, 2016 7947.25
Oct 24, 2016 8690.10
Sep 08, 2016 8994.50
Feb 12, 2016 6875.55
Jan 20, 2016 7233.80
Mar 04, 2015 9191