Girish has been talking about the importance of the India Fund INP, particularly in light of the movement of foreign funds in our very own Nifty.
I did a quick check on the INP particularly as the previous best known funds the IFN and the IIP were under performing our broader market.
Here’s the comparison with our Nifty :
Next I plotted a 60 min candle chart on a 90 day period and used volume profile to see the movement :
Clearly we are below the 74.25 reference line which is the biggest volume over the entire 90 day period.
We will continue to track the INP every day at the Open.