sensex up now

Sensex gone up after 8days.... wondering now when it will go down again. Investor has good opportunity to buy good stock at less value available now. Its good to keep stocks like banking , Commodity , and some IT stocks. One can look for 1 year horizon to keep stocks. This is happening due to slow down in US and European market . Rupees has slipped down to present INR 52.20. FIIs are withdrawing investment, and there are out flux of global currency like USD. There has been drop of 18% on INR VS USD just in couple of month time

But chances are NRIs will repatriate dollars and cashing INR for better return . Its good for export but bad for import bills like petrol which will suck dollars, and obviously there will huge trade deficit coming up in financial year 2011-2012. Moreover, we will face high inflation rate, primarily, foods and commodity prices will rise up considerably. To add up, unrest in most part oil producing countries, not helping any of the developing countries to control inflation.

We just need some sleeping months to go by ,and wait for greener months to pasture on our investment.