You got to be Stock Selective at 15500 Sensex Levels…Markets again beginning to run ahead of Fundamentals

This is what I had blogged on October 27,2008

Some Pundits called Sensex of 12000 irrational…some saw irrationality at 10000…So what would they call 7500 ! ? …Begin to slide in now

We saw the Sensex again collapse to 8000 levels in March 2009 after reviving from October end 2008 lows…Then we had the Elections and the Budget and Sensex has crossed 15000 on good momentum….Just be cautious at these levels of 15500….It’s now at an 18 Multiple on FY 10 Sensex EPS…Market ,driven by Liquidity,is yet again living up to it’s reputation of displaying extremes…now it’s beginning to look like exuberance on future growth prospects and the feeling that the worst is behind us….Buoyed by encouraging Q1 FY 10 results so far,the Markets seem to have begun to run a trifle ahead of Fundamentals…that’s what I sense and how I feel….Expect Volatility…Be very Stock Selective  

And Kumar,you seem to be following me like a Watchdog !…I hope you don’t become a Bloodhound ! Yes,my above Blog on October 27,2008 had said look at these Prices,IFCI at Rs 15/16 and  Sicagen at Rs 4/5…You have queried on Sicagen as I don’t feature it in yesterday’s blog on portfolio performance….You must have picked it up from my October 27,2008 Blog ! To answer your query in your response to yesterday’s portfolio performance blog,No I am no longer recommending Sicagen…It’s at Rs 8 today…Anyway such scrips have limited portfolio exposures.For your other request to elborate on Damania Group,I suggest you use the search feature on my blog,typing out ‘Damania,Core Project,Damania Capital Market,Damania Airlines,Damania Pharma or Agritech Hatcheries’…you’ll get some sense of my animosity towards this Group

And Nitin…a paid Blog !?…Nah! would defeat the purpose of this Blog…but you could get in touch with me at [email protected] or [email protected] and I’ll tell you how you can access our Investment Ideas when we make them…For that matter,anyone out there who is genuinely interested too, can do so…We need to know your Needs and Profile,before we can suggest which of our Personal Annual Advisory Plans would suit you.They begin at Rs 25000 a year and go up to Rs One lakh a year for Retail Investors and there is personal interaction with me,often proactive…We have yet to launch our cheaper Value Based Web Advisory Plans,but where there will be no personal interaction with me  

Cheers !