Indian stock markets during feb 2011.

PE of Sensex and Nifty have fallen to levels of 17.9 since top made 23-24 during Diwali 2010. This is kind of good levels to start nibbling in small quantities ( not a whole lot ) of good stocks in whatever sectors, caps etc etc. Sensex may find its bottom around 17500-17900 level duing early feb 2011. Budget is around the corner thus a relief rally can be expected,

30/1/2011