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This is an exclusive coverage what all analyst will like...this is a p/e ratio chart on weekly time frame as quoted on NSE...This isnt a future p/e but current p/e the past 23 to 27 has been the overbought zone and from there we have fallen down to the worst of 12 and 16 of now its making a higher top higher bottom formation...and it has resistance at 23 & 24.

The level of 23 to 25 will be an overbought zone for the markets...on current p/e basis on CNX Nifty...yesterdays p/e was 21.75.



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