SUSTAINED GROWTH……

The markets exhibited sustained growth without any volatile situations that normally seen on expiry day but a sustained buying at every point was exhibited. The investors across the globe providing support to stock prices as they look cheap when compared to the history highs registered.
A serious redflag caution is advised as the P/E ratio at 16.53, the forward earnings likely to deteriorate will increase it to above 20 even at the current prices. So the retail investors can wait for a substantial fall to buy the blue chips as our economy likely to contract due to lack of demand for our produts on overseas and the huge expansions initiated two to three years back now put pressure on the internal demand as the suppply is likely to exceed.

Market PULSE check by Stock-O-Meter:
The Following scrips covered in my previous posting:
The high, low, closings of 29-04-08:

Nifty 3486.40 3366.70 3473.95
ICICIBANK 484.50 444 479.20
RIL 1820 1745.85 1806.25
REL infra 699.25 670 695.20
Rel Cap 527.80 497.80 524.50
T.Steel 243.60 229.50 238.10
SAIL 111.85 107.30 109.20
BHARTI 758 714 752.75
ONGC 870 833.55 864.75
LT 889 852 879.35
I may be right or wrong-“No argument with the ticker-NEVER”