28 May 2014, Wednesday, 11.44pm Singapore Time
Attached above is the Market Vectors India Small Cap Index ETF that is listed in the US Market (NYSE: SCIF).
The chart above fully illustrates what is happening to the small cap stocks and equities in the India Financial Markets.
Market Vectors India Small Cap Index ETF (NYSE: SCIF):
28 May 2014, Wednesday, 11.44pm Singapore Time
28 May 2014, Wednesday, 11.44pm Singapore Time
The second chart of the Market Vectors India Small Cap Index ETF shows that both the price satisfactions at $38 and $46 being hit respectively thereby completing the entire upwave with a fake breakup above $46.
Note that Wave 4 to 5 above is to be deliberately timed and synchronised with the Indian Elections as per previously warned to happen pre-elections period. This has now been realised with accuracy and precision.
The market in India proceeded to unload heavily at high prices.
As for NIFTY iteself:
Added more Shorts on India NIFTY Index at 7298 points
Strong Market Rejection of NIFTY at >7400 points.
HIGH DOWNSIDE, LOW UPSIDE
SELL/SHORT ON POSITIVE SENTIMENTS IN INDIA
HIGH DOWNSIDE, LOW UPSIDE
SELL/SHORT ON POSITIVE SENTIMENTS IN INDIA
Minimum profit levels:
At least 800-1000 points downside.
India NIFTY Index post-election is a straight SELL/SHORT per reiterated.
Refer to past NIFTY analyses on why sell post-election India.
Refer to past NIFTY analyses on why sell post-election India.
All past Indian Financial Market Analysis (NIFTY):
Note:
India Index is available for trading in IGmarket.
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