India Fund Poised For Move (Closed-End Fund: IFN)

Oct.27.05 | About: India Fund (IFN)

Everyone’s interested in India and, until there’s an ETF for this market, we continue to follow IFN (India Fund). Morgan Stanley analysts threw some cold water on the market today by citing the negative prospects for rising interest rates in India here. In the meantime, IFN has consolidated and seems poised for another move. Only the direction is in question. [chart, commentary below]