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In order to propose a geographic portfolio diversification strategy, the TradingSat.com team selected a tracker (the INR mnemonic code ETF issued by Lyxor). It faithfully replicates the performance of the dynamic Indian stock market.

The tracker follows the MSCI India index, which concentrates the main capitalizations (large and mid) listed in Bombay. Consumer goods, energy, banking and information technology together account for 63% of the index.

KEY GRAPHIC ELEMENTS

The bullish reversal at the end of March is spectacular. It was confirmed by a reconquest of the 20-day moving average with pullbacka cross of remarkable moving averages and a healthy structure of the various consolidation phases punctuating the ETF’s bull run.

FORECAST

In view of the graphic elements mentioned, the News Bulletin 247 team suggests that active investors take a buying position on the LYXOR ETF INDIA tracker, at the current price, with €26,0000 in their sights. A protective stop should be placed at €22.5000.

The News Bulletin 247 board

TRACKER
Purchase at 23.56 €
Objective :
26.0000 €
Stop:
22.5000 €
Mnemo:
INR
Transmitter :
Lyxor AM
Underlying:
MSCI India
DTH:
No

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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