Perchance if you need, you could easily shift out to shorting the Nifty, and if you don't want to go thru local KYC trade short contracts on the Chicago and Singapore exchanges. the 5400 short is the news of the networks, even as the Euro short trade gets into readiness to cover for two successive bout of losses to global investors after having beaten the banks on the big long on European banks in September..
The Indian Nfty is, yes rightly priced and this time all Indiabulls out of money from having run up the good scrips aalways in short supply to a point where even the in favour bankks look like keeling over from ythe joy at SBi's 2170 and ICICI 's 930..Have fun on the shorts, and do not short the Bank Nifty because still too many PSU banks in that who will be springboarding from the NPA mania affecting them. No their NPA position has not improved but the deed is done and it won't get worse, esp in the prices that as usual have over corrected
$7 bln in portfoli investments in the Secondary market trades this cycle from the time this began 6 weeks ago? Could easily have been $30 bln but..
