If you take a closer look at the below diagram "Top is in for the year.." you will see that it is above all directed against an arithmetic conception of the 5 wave sequence from the cycle lows.
What is crucial is simply the greater or lesser degree of mobility which the Indian currency has possessed from both the monetary and fiscal side; if intervention occurs from the CB it is going to mark the end of the weakness for India, and unlock a new chapter for the next generation! What it boils down to is always the "intrinsic value" of the local economy (deriving from the global skeleton present) which is a cumulative count of productivity, confidence and similar matters of form.
There is a strategy which every hypermodern investor should take note of. I mean the continuity of the advance from 8542 support. Once the support began holding, then and only then may we consider the mass as more attractive because only then have the elements been mobilised. The previous swing did not fail to excite lively interest, since the previous update the INR weakness is now starting to show signs of exhaustion and should be treated with extreme caution.
In spite of fine play, the INR is protected at the highs and is giving Shaktikanta Das a free hand to play on the retrace. How can India mess this up? ... An elegant breakup in Indian Equities over the coming years does not seem too fancy!
As usual thanks for keeping your support coming with likes, comments, charts, questions and etc!