Sunday Thoughts ....The next wave

The next wave.....................
The next big thing to happen would be the same repeat of statistics as it was in the last 10 yrs in A grp ... but this would now be in the mid n small cap sized stocks and mind u it will take a few years .......already the first round of FIIs is done they have loads to do before the wave starts.........

Well why do u think SEBI is coming out with Futures and Options in the other stocks.................... Well FIIs who are accumulating soon need to hedge their stuff and this is the second round ......................Wasnt it weird Praj and ABAN the best of the bluechips of coming years started their run after FNO opening :)) ....They are just starting of but there are such rockets built in other areas...

We are still not liquid in the mid n small sized regions but the biggest performers in INDIA inc are the mid cap stories.........

For the P/e guys who will soon start talking about it once our markets start running up n away in next few yrs .... The p/e guys will start talking india at 26 balls that too expensive ........Till then the TISCOs would be done with Corus and other takeovers and the next thing would be buybacks..............

What does a buyback do it increases the eps and thus reduces the P/e multiple........

I had come out with a call on DOW jones at 12530 levels talking about a new high on the blog ................Dow Jones went of to 13500 + ....The same thing is going out there for last 1-2 yrs US economy on a decline and would crack soon but markets never did coz the same funda happened there P/e s reduced drastically due to buybacks.........So of the next wave .......

Technically Indian markets are in a huge bull cycle for next 8-13 yrs starting in
June 2005... This is my personal view and have my basis for it.........

One of the elliot wave softwares i have shows 1.5lacs on sensex in the super cycle........Isnt that weird or hypothetical... well its an automated analysis so it doesnot see it as an index ....