Bearish Technicals Still Facing Indian Stocks, ETFs

As for the major India ETFs, the technical situations are similarly glum. The WisdomTree India Earnings ETF (NYSEArca: EPI) has not traded above its 200-day moving average since May and is struggling to stay within a downward sloping channel. The iShares India 50 ETF (NasdaqGS: INDY) closed at an all-time low earlier this week and resides 21.4% below its 200-day line. The Market Vectors India Small-Cap ETF (NYSEArca: SCIF) has lost 22.1% since being reverse split on a 1-for-4 basis on July 1.

Market Vectors India Small-Cap ETF

ETF Trends editorial team contributed to this post.