India Fund (IFN)
Points to watch: The
closed end fund has broken to a new high of 12.68 today, generating a buy
signal as it moved above the August 23rd intraday high of 12.38.
Support is at 11.25 (the high before this year, set in 1995)-11.56.
is one of the few world stock markets this year that has been immune to
the concerns over the direction of U.S. interest rates that have swept
through other world markets.