Admin Admin Jul 29, 2018 02:36 PM Other Shares Traders May Want To Wait To Buy Into India (INDY, EPI) From an international investing perspective, there is a lot to like about India. Factors such as the vibrant economy and burgeoning middle class make it one of the most lucrative markets for long-term investment anywhere in the world. However, based on the charts, it appears that the global economic slowdown is putting pressure on key assets and at this point it could prove prudent to wait for a more ideal entry spot. In this article we’ll take a look at the charts and determine where they could be headed and where the bulls might be interested in taking a position. For more, see: Getting Into International Investing. One of the most popular exchange traded funds that is used by retail investors for gaining exposure to India is the iShares S&P India Nifty 50 Index Fund. The fund consists of the 50 largest Indian stocks and has total net assets of over $800 million. Taking a look at the two-year chart, you can see that it is trading within a defined downtrend. Notice how the descending trendline and its 200-day moving average (red line) have consistently acted as levels of resistance when the bulls tried to push prices higher (shown by the red arrows). This chart is also a great example of how a strong level of support such as the 200-day moving average can reverse its role and become resistance. Predictable behavior at key levels such as trendlines and moving averages tend to create obvious pivot points and provide strategic traders who use technical indicators an opportunity to time their entry. Based on this chart, bullish traders looking for exposure to India will likely want to remain on the sidelines until the bulls are able to overcome some of the nearby resistance and take control of the momentum. (For related reading, see: Invest In India Through ETFs).