The S&P CNX NIFTY is an Indian stock exchange index which regroups 50 of the principal market capitalizations of the country. It presented a bearish trend initiated in the proximity of the major resistance at ...
Day By Day – Indipendent Research
|2 months Opinion||NEUTRAL|
|2 weeks Opinion||POSITIVE|
|Resistances||5910 / 6008 pts|
|Supports||5600 / 5435 pts|
We are positive in the short-term and envision a rallying towards the resistance at 5910 points (previous peaks). We set the invalidation threshold of this positive opinion slightly below the support at 5600 points.
|Traker’s Name||Leverage||Expense ratio|
|AMUNDI ETF MSCI INDIA||x1||0,80%|
|AMUNDI ETF MSCI INDIA USD||x1||0,80%|
|CS ETF (IE) on MSCI India||x1||0,75%|
|db x-trackers SP CNX NIFTY ETF||x1||0,85%|
|EasyETF DJ India 15 (EUR)||x1||0,65%|
|Lyxor ETF India||x1||0,85%|
Follow-up Analysys: Our DBD Tracker dated 27/06/2011 recommended the purchase of the STOXX Europe 600 Health Care. Since then, our final target of 411.17 points was reached, which is a 3.7 % performance.
* A leverage of 1 means that the ETF/Tracker has the same performance as the underlying index. A leverage of 2 indicates that the ETF/Tracker will have twice the performance of the underlying index. A leverage of -1 indicates that the ETF/Tracker will perform opposite that of the index: it will rise while the index falls, and vice versa.
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Source: ETFWorld – Day By Day – Indipendent Research