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9/29/99
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.
India
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.
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