Belows the Nifty Midcap 50 P/E chart Since 2004. (Extracted from NSE website http://www.nseindia.com/content/indi..._pepbyield.htm)
Pretty useful chart for those interested in midcap stocks. P/E chart gives indication of when valuations are cheap and when valuations are peaking. This in-turn gives valuable insight on when to Buy and when to Sell.
Discuss your views. Make your own calls what is the best time to buy !