The newsletter also picked up iPath MSCI India Index ETN (NYSEArca: INP) for the trading portfolio. The exchange traded note “continues to show potential following its dire relative performance from November 2010 through to February of this year,” it said.

Investors Intelligence also noted the bullish “golden cross” in the India ETN signaled by the 50-day exponential moving average rising through the 200-day EMA.

India ETFs have jumped this week, putting them among the best performers in the emerging markets category.

PowerShares India Portfolio (NYSEArca: PIN)