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Wednesday, 28 May 2014

Market Vectors India Small Cap Index ETF: 28 May 2014, Wednesday, 11.44pm Singapore Time

Market Vectors India Small Cap Index ETF (NYSE: SCIF):  
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

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

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.

All past Indian Financial Market Analysis (NIFTY):

Note:
India Index is available for trading in IGmarket.


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