IDX:NIFTY 50 - chart - 11354321
#NIFTY50 traded at 8th week highs and closed at very respectable levels — I was of the opinion about #NIFTY50 to reach 17795 —- Nifty PE ratio at around 20.5 - 20.8 just now that very reasonable levels unlike globally India market is costlier to other peers —- India is going through one of the best monsoon seasons— these will trigger the revival of the national economy, ultimately corporate earnings— RBI policy was more on the expected line— so I’m of the firm views that market has has very thin chances of going down, else it will open upside further, so I hope Nifty can reach 17779 — 17795 Closing above that 18115 opens — so roughly it makes 3000 points or near 20% from 15183 — more Nifty has most likely make over of Golden Cross Over in daily charts of EMAs, this will propel market going ahead— Nifty PE has upside margins to reach 24, so this will sadden bears—- bigger risk to Nifty is #Taiwan (DYOR)(paper trading)