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BCA: Steer Clear of Indian Equities
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Author BCA: Steer Clear of Indian Equities
HenryTo
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PostPosted: Sun Feb 25, 2007 7:15 pm    Post subject: BCA: Steer Clear of Indian Equities Reply with quote
http://www.bankcreditanalyst.com/public/story.asp?pre=PRE-20070223.GIF

Quote:
More technically, the advance/decline line for the Indian stock exchange has peaked, which typically serves as a warning signal for a rollover in share prices. Banking issues appear most vulnerable as they are directly exposed to rising interest rates and the ensuing slowdown in credit demand.
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