Nifty close at 5368 ( R21A0)

Today Nifty closed at 5368 with a gain of 77 points at 21x in music scale(R21A0).
At this level PE Ratio of Nifty is 22.85. Experts say that PE Ratio above 23 is euphoria stage and that is above 5404. Nifty may move maximum to top of Sudha Madhyamam (5464), but it will be better to exit all profitable longs or at least 50% of it around 5400.As pointed out earlier now midcaps and small caps are flaring up. Today it was the day of small cap DYNACONS(21%). Tomorrow's Agni level is at 5312.