India to catch up ?

A look at the MSCI India ETN (INP), compared to China (FXI), Emerging markets index (EEM) and the S&P500 (SPY).

As said before, we see the emerging countries lagging behind, especially India

A look at the daily chart of INP

  • reversal candle
  • A higher high
  • testing the 20d MA at 65,4
  • the next resistance level is at 67
  • But, the 50d MA is about to break the 200d MA to the downside, which doesn’t make things for the better
  • A short term investment can be considered, but with tight stops (64)

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One response to “India to catch up ?

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