Online:
Visits:
Stories:
Profile image
By ETF Daily News (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Indian Stocks Look Poised To Outperform In 2017

Wednesday, January 4, 2017 4:41
% of readers think this story is Fact. Add your two cents.

(Before It's News)

From Taki Tsaklanos: One of the markets we expect to outperform in 2017 is the Indian stock market, represented by the Nifty 50 index. It was one of our favorites for 2016, and it delivered nice returns, although the correction in the fall erased part of the gains.

We recommended to stay long, and only sell if the Nifty 50 would go below 7500 which it did not do.

The Indian stock market currently trades at 8200 points. The first weeks of 2017 will be very important for India and its stock market, as its chart setup looks great at this point. After a correction in the fall of last year, the decline came to a halt lately. If the index goes higher from here, it would be extremely bullish as we would have a higher low, more than 5 pct above secular support (purple rising line on the chart). In other words, the rising trend would be validated, and it would, without any doubt, lead to a new attempt to break through all-time highs.

If the rising trend line will not break (read: the 7700 level is broken to the downside), we expect 2017 to be a very profitable year for global investors that are long the Indian stock market.

The question is how to invest in the Indian stock market, and does it make sense for American or European investors to invest in a stock market that far away? We believe it does, for two important reasons:

  1. Diversification. A diversified portfolio reduces risk (though diversified holdings should always be chosen diligently to avoid dilution).
  2. Upside potential. The Indian stock market can move sharply higher if it starts trending. In 2014, for instance, it rose 50 pct in one year.

The way to ride a bullish trend in India is either through a ETF like INDA or selecting individual stocks. We will provide sufficient coverage of this stock market in 2017, and, if it breaks out, we will provide a selection of individual stocks for subscribers (we are currently preparing our short list).

india stock market

The iShares MSCI India ETF (BATS:INDA) was unchanged in premarket trading Wednesday. Over the past year, INDA has declined -1.47%, versus an +11.63% rise in the benchmark S&P 500 index during the same period.

INDA currently has an ETF Daily News SMART Grade of C (Neutral), and is ranked #43 of 80 ETFs in the Asia Pacific Equities Ex-China ETFs category.


This article is brought to you courtesy of Investing Haven.

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)



Source: http://etfdailynews.com/2017/01/04/indian-stocks-look-poised-to-outperform-in-2017/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.