Welcome to the forum Swaipaki1. Wishing you also happy and prosperous 2010..and more success in trading /investing in NIFTY.
IMO, certainly East is the place for investing in 21st century like 19th century it was UK, and in 20th century it was US. And I am sure, you will benefit by relative outperformace of investing in indian mkt.
Being US citizen, have u explored the route of ETFs like INP, PIN etc.
Happy Trading