Using a model based on the rolling 3 year ranking for Nifty 200 PE and 10 year G-Sec rate, here is an asset allocation indicator for, what is possibly, a good course of action at the current levels of the market.
Note: This is only for information and education purposes and should not be considered as investment advice.
"All models are wrong. Some are lethal." - Nassim Taleb
If you want to apply this model and backtest it over the years, you are welcome to do it here.