Sensex up 376 Points at 20445….Pre Diwali Fireworks fuelled by Coal and Wholesale Buying by FIIs….. while we Retail Indians await Diwali !

Sensex continues to seduce….is up 376 points today at 20445…Pre Diwali Fireworks fuelled by Coal perhaps !….a not so subtle reference to the Mega IPO of Coal India that opens on October 18….sentiment has to be kept sizzling

….and FIIs have already started celebrating Diwali a month or two early by intensifying wholesale buying of ‘Phatakas’ (stocks) and torching the Sensex past 20000 !…..while we Retail Indians yet await Diwali

….just think the Indian Sensex Torch has been carried by the FIIs in the relay past 20000…while most Indians have hardly participated in the Run and have just been cynical and wary spectators!….we are allowing the FIIs to ‘carpetbag’ us !

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First Time we see Dichotomy between Strong FIIs Inflows and the Sensex Trend…A clear Macro Warning

SENSEX CLOSE IN 2009 : 17465..SENSEX LEVEL NOW AT 11.09 am,MAY 17,2010 : 16628

Down 367 points from Friday Close….but down 5% from 2009 Close   

  

FII EQUITY FLOWS AND SENSEX MOVEMENTS …A CLEAR DICHOTOMY IN 2010 

 Year

Net Investment US($) million

Sensex % Movement in the Year

2005

10707

42

2006

8106

47

2007

17655

47

2008 

(11974) Outflow

(52)

2009

17458

81

For 2010 till May 14, 2010

6148

(5)

 

 

 

 

 

 

 

 

 

Total FII FII Equity Investments : US $ 78.76 Billion

 

Registered FIIs :1714    Registered Sub accounts : 5369

 

India remains  a great Investment Destination…But have a look above….whenever we’ve seen huge FII Inflows,the Sensex has simply run away….in 2008 when we witnessed huge outflows,the Sensex sank,only to recover brilliantly when inflows topped US $ 17 billion in 2009

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Happy Diwali & Prosperous New Samvat 2066 Year to all….Two SS 4 Selects this Diwali…Larsen & Toubro at Rs 1700 and GOLD

Wishing all of you a Happy Diwali and a Prosperous New Samvat 2066 Year…..with Safety,Surety and Solidity…and using the terminology of our SS Recommendations may you get many spectacular and sparkling winners in your Equity Portfolio….However keeping in the spirit of a Safe Diwali 

MY TWO SAFE,SURE AND SOLID DIWALI PICKS
 
BOTH ARE SS 4 SELECTS
(SS 4 : Scriptech Shield)
 
LARSEN & TOUBRO @ Rs 1700
&
Continue to GO for GOLD
 
GOLD WILL CONTINUE TO SOAR FROM US $ 1000/oz to US $ 2500/oz IN THE NEXT TWO  TO THREE YEARS

Wish all of you a very Happy Samvat 2066….Muhurat Trading is from 6.15 pm to 7.15 pm today.Diwali is a Festival to wish safety,peace and prosperity and well being…Keeping with this spirit and philosophy of Well Being and feeling nice and warm and pure and happy and safe,my Diwali Recommendations are safe,sure and solid and will rebound even if they correct
 
Evergreen LARSEN & TOUBRO ,even at Rs 1700 and Gold
 
LARSEN & TOUBRO @ Rs 1700

 
&
 

GOLD

Reiterating again what we said in Feb 2009 and even earlier
Continue to GO for GOLD ! 
February 19th, 2009
 
I see the next Five Years as a great period for Indian Stocks and with the right selection and a good measure of patience and temperament you could well be in a position to retire rich before 2015 !….Don’t worry too much about where our Sensex is going from 17300 levels today…Think beyond the short term…and as I keep repeating,if our government can have Five Years Plans,why can’t you !…..Think 5 years
Cheers !

Sudden Fall in Equities soon !? I can Sense and Feel it…Better Hedge Equities Right away

As Wall Street slaps Washington,Dalal Street will damn Delhi too….It’s been perceived as a STIMU-LIE Package in both countries

Yesterday the DOW teetered more towards the Edge clsoing at 7466,the lowest in six years

It’s just past 2.30 pm in Mumbai and the Sensex and Nifty are struggling to stay over 8800 and 2700 respectively

I can sense and feel that soon,the Dow may just plunge 500 to 1000 points in a Day soon…we will follow as we too will test October 2008 Lows

This Intuition or gut feel is strongly supported by weakening macros fundamentals in USA particularly and the world over in general…The IMF has already stated that it expects many more countries to come to it for Bail-Outs

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Continue to GO for GOLD !

Ever since I was convinced that USA stood for Unintelligently Searching for Answers,I have been convinced that ‘Gold’ has to be in your Portfolio

Check this blog of mine on October 23,3008 http://www.gauravblog.com/?p=263 where the Title warns whether the US $ will become Tissue paper ! and the Blog concludes with me recommending to Go for Gold

Gold has soared to US $ 976/oz and in India it’s crossed a record Rs 15500/ten grams and close to Rs 18000 for a Ten Gram Gold Coin of 99.99 purity…Just about 18 months ago,a similar coin was quoted below Rs 11000 !

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The World is becoming a Scarier place across all disciplines…Will the US $ become just Tissue paper !?

Let’s take a multi disciplinary view of the Global Financial and Economic Crisis…It’s Scary

Economics,Sociology,Politics,Sciences,Geography,History,Religon…take any Discipline and you’ll find  how Earth and it’s over six billion citizens are being impacted tragically  

I’m scared…for all of us…..I fear the next generation,my children, will have to pay too for the excesses of our generation and the previous ones

We have no say in Natural Disasters…but what about Manmade tragedies ?….. We are already witnessing the lethal dangers of Terrorism,Global Warming,Religious Bigotry,Pollution and Toxicity,Inequalities and Financial and Economic Earthquakes….the Scales are much larger than any in the past even than the Depression of 1929

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