Sensex and Nifty being pumped up by FII Inflows to go to 20000 and 6000 and beyond respectively….Tread carefully in the short term
Judge for yourself that the liquidity through relentless FII Inflows is pumping up our Sensex to reach 20000 and go even beyond……. ofcourse the suspicion lingers whether these FII Inflows are genuine,are sustainable and are being applied for long term investments…and they are not hot monies that can cause havoc if they reverse out of India,equally fast
FII EQUITY INFLOWS OF US $ 16 BILLION TILL DATE IN 2010 DRIVING OUR SENSEX TOWARDS 20000 AND BEYOND
TILL SEPTEMBER 20,2010
In Stock Exchanges : US $ 12 Billion
In Primary Markets : US $ 4.4 Billion
In September 2010 itself till date : US $ 3.4 Billion
Date In September 2010 |
FII Equity Inflow in US $ Million |
Cumulative FII Inflow in US $ Million |
Sensex Close |
Points Up by from Previous Day Close |
8 |
101 |
101 |
18667 |
22 |
9 |
253 |
354 |
18800 |
133 |
13 |
572 |
926 |
19208 |
408 |
14 |
376 |
1302 |
19347 |
139 |
15 |
498 |
1800 |
19502 |
155 |
16 |
247 |
2047 |
19417 |
(85) |
17 |
370 |
2417 |
19595 |
178 |
20 |
412 |
2829 |
19906 |
311 |
Clearly Caution needs to be exercised at these levels as some Alerts have popped as as below