DOTTConnector's Instablog I am an independant trader in the equities Markets since 2007. DOTTConnector http://seekingalpha.com Indian's Sensex Challenges Pre Crash Levels while Indian small caps and mid caps maintain considerable distance from peak http://seekingalpha.com/instablog/438110-dottconnector/96579-indian-s-sensex-challenges-pre-crash-levels-while-indian-small-caps-and-mid-caps-maintain-considerable-distance-from-peak?source=feed 96579 Since the beginning of September, Indian Markets have rocketed and currently are at Pre crash levels. India's Benchmark sensex closed on Monday at 20,117. The highest pre crash daily close was on January 8th 2008 at 20873. So we are not too far from the ultimate closing high on the sensex. The market pulled in last week and has received support at 19771 so an attempt to take on the 21000 level cannot be written off.

Curiously, the small cap and mid cap indices have not taken out their pre crash levels and remain at a considerable distance from their all time tops in 2008. 

The mid cap index is currently 8142 at while its all time high closing was at 10102 on 7th January 2007. The mid cap index is still about 19% from its all time high.

The small cap index is currently at 10280 while its all time high closing was at 13975 on 7th January 2007. The mid cap index is still about 26% from its all time high.

One explanation could be that the current advance in the Indian markets is being heavily subscribed to by Foreign Institutional Investors who traditionally demand exposure only to blue chips and are not embracing the risk trade right now.

Since the beginning of the year, Foreign Institutional Investors have been net buyers of Indian stocks seeing inflows to the tune of $8.75 billion, with $4.39 billion coming in September 2010 alone. While Domestic Institutional Investors have had a net outflow of investment to the tune of $2.14 billion in September alone. Similarly Indian retail investors have had a net outflow to the tune of $2.13 billion since the beginning of the year. 

So the question is what are the Domestic Institutional Investor and retail Investor in India missing that the Foreign Institutional Investors are seeing or are the Foreign Institutional Investors missing something.

 

 



Disclosure: "No positions"

Disclosure: "No Positions"

Disclosure: "No positions"]]> Mon, 27 Sep 2010 18:51:06 -0400 Since the beginning of September, Indian Markets have rocketed and currently are at Pre crash levels. India's Benchmark sensex closed on Monday at 20,117. The highest pre crash daily close was on January 8th 2008 at 20873. So we are not too far from the ultimate closing high on the sensex. The market pulled in last week and has received support at 19771 so an attempt to take on the 21000 level cannot be written off.

Curiously, the small cap and mid cap indices have not taken out their pre crash levels and remain at a considerable distance from their all time tops in 2008. 

The mid cap index is currently 8142 at while its all time high closing was at 10102 on 7th January 2007. The mid cap index is still about 19% from its all time high.

The small cap index is currently at 10280 while its all time high closing was at 13975 on 7th January 2007. The mid cap index is still about 26% from its all time high.

One explanation could be that the current advance in the Indian markets is being heavily subscribed to by Foreign Institutional Investors who traditionally demand exposure only to blue chips and are not embracing the risk trade right now.

Since the beginning of the year, Foreign Institutional Investors have been net buyers of Indian stocks seeing inflows to the tune of $8.75 billion, with $4.39 billion coming in September 2010 alone. While Domestic Institutional Investors have had a net outflow of investment to the tune of $2.14 billion in September alone. Similarly Indian retail investors have had a net outflow to the tune of $2.13 billion since the beginning of the year. 

So the question is what are the Domestic Institutional Investor and retail Investor in India missing that the Foreign Institutional Investors are seeing or are the Foreign Institutional Investors missing something.

 

 



Disclosure: "No positions"

Disclosure: "No Positions"

Disclosure: "No positions"]]> inp epi pin indy scin scif inr indz indl inxx icn Steve has an apple that defies gravity http://seekingalpha.com/instablog/438110-dottconnector/66452-steve-has-an-apple-that-defies-gravity?source=feed 66452 In the 1660’s Sir Isaac Newton formulated the theory of Gravitation by watching the fall of an Apple from a tree. Steve on the other hand seems to have an apple that is ascending to the skies proving Sir Isaac wrong ( At least on a stock Chart ).


Disclosure: No Positions]]> Mon, 03 May 2010 13:19:11 -0400 In the 1660’s Sir Isaac Newton formulated the theory of Gravitation by watching the fall of an Apple from a tree. Steve on the other hand seems to have an apple that is ascending to the skies proving Sir Isaac wrong ( At least on a stock Chart ).


Disclosure: No Positions]]> aapl Technical Analysis To Infinity and Beyond - Baidu http://seekingalpha.com/instablog/438110-dottconnector/66451-to-infinity-and-beyond-baidu?source=feed 66451 Baidu is a Chinese language internet search provider with more than 60% of China’s search market. Investors in Baidu seem to be on a ride that is taking them to Infinity and Beyond. This stock from a low of around $100 in March 2009, is now perched at around $700. On April 29th, this stock rose by one hundred dollars in just one day.


Disclosure: No Positions]]> Mon, 03 May 2010 13:17:24 -0400 Baidu is a Chinese language internet search provider with more than 60% of China’s search market. Investors in Baidu seem to be on a ride that is taking them to Infinity and Beyond. This stock from a low of around $100 in March 2009, is now perched at around $700. On April 29th, this stock rose by one hundred dollars in just one day.


Disclosure: No Positions]]> bidu Technical Analysis From the lowest Tier of Dante's inferno - Citibank http://seekingalpha.com/instablog/438110-dottconnector/66450-from-the-lowest-tier-of-dante-s-inferno-citibank?source=feed 66450 With the mayhem unleashed in the markets from 2008 through March 2009, Citibank’s stock descended from a high of $50 to the lowest tier of Dante’s Inferno touching $1. Left for dead by many, this stock now seems to be stair stepping up. Question is will it get to Paradiso for investors?


Disclosure: No Positions]]> Mon, 03 May 2010 13:15:15 -0400 With the mayhem unleashed in the markets from 2008 through March 2009, Citibank’s stock descended from a high of $50 to the lowest tier of Dante’s Inferno touching $1. Left for dead by many, this stock now seems to be stair stepping up. Question is will it get to Paradiso for investors?


Disclosure: No Positions]]> c citibank Unstoppable Force Meets an Immovable Object - Goldman Sachs http://seekingalpha.com/instablog/438110-dottconnector/66075-unstoppable-force-meets-an-immovable-object-goldman-sachs?source=feed 66075 By immovable object, I mean the backstop at the price level of approximately $150 that was provided by Goldman Investors at which they have stepped in again to bid this stock higher.


Disclosure: No Positions]]> Fri, 30 Apr 2010 09:39:48 -0400 By immovable object, I mean the backstop at the price level of approximately $150 that was provided by Goldman Investors at which they have stepped in again to bid this stock higher.


Disclosure: No Positions]]> gs technical analysis Shanghaied http://seekingalpha.com/instablog/438110-dottconnector/66073-shanghaied?source=feed 66073 Shanghaiing refers to the practice in the mid-1800's of conscripting men as sailors and once onboard a vessel for a voyage, it was illegal for the sailors to leave the ship before the voyage's end.

Investors in the Shanghai stock market since August 2009 have experienced something similar as this stock Index has plunged from a peak of 3478 in august 2009 to today's low of 2820. This is a drop of 18% in their investments . These investors will have to wait until the Index gets back to the 3400's to break even on their Investments.




Disclosure: No Positions]]> Fri, 30 Apr 2010 09:30:02 -0400 Shanghaiing refers to the practice in the mid-1800's of conscripting men as sailors and once onboard a vessel for a voyage, it was illegal for the sailors to leave the ship before the voyage's end.

Investors in the Shanghai stock market since August 2009 have experienced something similar as this stock Index has plunged from a peak of 3478 in august 2009 to today's low of 2820. This is a drop of 18% in their investments . These investors will have to wait until the Index gets back to the 3400's to break even on their Investments.




Disclosure: No Positions]]> Shanghai technical analysis