There is an old saying goes.
Bull makes money
Bear makes money..
its only pigs which gets slaughtered.
As a trader i play both bulls and bears what i feel without thinking the result.But Definitely with a clear stop loss to protect my capital to enter new trades.
Many feel when they are playing bulls bears are fools and only losing money.
Many feel when they are playing bears......bulls are fools ,,,,,,,,,
Now market is bullish on the back of A stable govt, money inflows, New allocation to India, Rbi cut, after all 1lac crore new investment by public in mutual fund.Indian public , with greed or intelligence are putting money now at this stage in domestic mutual funds.
NOw i am trying to make one understand even from this bull market bear can make money more than what bull is making.But for that matter bears need patience and margin.
I will give details later........
till then enjoy ur trades
Updation of score card here.
Nifty PE ratio measures the average PE ratio of the Nifty 50 companies covered by the Nifty Index. PE ratio is also known as "price multiple" or "earnings multiple". If P/E is 15, it means Nifty is 15 times its earnings. Nifty is considered to be in oversold range when Nifty PE value is below 14 and it's considered to be in overvalued range when Nifty PE is near or above 22. The market quickly bounces back from the oversold region because intelligent investors start buying stocks looking to snatch up bargains and they do the exact opposite when Nifty P/E is in the overbought region.
Check out what Professor Bakshi (a famous Indian value investor ) has to say about Nifty P/E. Recent research done by my firm shows just how dangerous it is to remain invested in an expensive market. Since NSE started, every time when Nifty's Price/Earnings ratio exceeded 22, the average return from Indian equities over the subsequent three years became negative.