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Fresh off their Cricket World Cup win over Sri Lanka, India’s stock market appears set up in the coming weeks and months for another victory. As you can see on the monthly chart of the Bombay Sensex Index below, we are looking at a massive, multi-year cup and handle bullish formation. To be sure, 21,000 is the key level on the upside to watch. On the downside, you’d like to see 17,000 hold as a line in the sand to keep the “cricket” and handle pattern intact, if it even comes to that.  I have also included the charts of several high beta India ADR’s that are worth watching.

As I detailed last evening, the ideas are always flowing inside the 12631.ppt.ibankcoin.com/learnMore/” target=”_blank”>12631 State of the Art Chat Room. Big Hat Tips to 12631.ppt.ibankcoin.com/learnMore/” target=”_blank”>12631 Members: @The Idiot @thewife @spinner for the great India ideas.

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