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India is in a longer term uptrend in both dollar and local currency terms: Laurence Balanco, CLSA
“If you look at the 20-day moving average, it has been a great card for that accelerated trend in the midcap index. By mid September, we started to test that 20-day moving average again. Two weeks ago, we broke below it and now we are seeing some choppy volatility around it.”
