- Wealth PMS
The Nifty made a two year low recently as it hit 4706, and closed the week at 4710. The Nifty has lost over 11% in November till date.
(click for a larger picture)
The market has retreated over 25% from the highs, and we’re in a definitive bear zone. P/E too is at 17+, which is not expensive, but not so cheap you should rush to buy. Technically, with another tiny break at 4,400 the market seems headed towards the 4000 zone.
The 2011 moves till date look horrendous, with only FMCG holding fort: