India: NIFTY Index, INR 5Y, Kwg Property Holding, Muthoot Finance and more

• India’s Nifty has held up but is now showing signs of significant support cracks that will open the way lower as the USD/INR tests key resistance at 76.40.
• Trading below the 50 and 200 dma is a trend negative and represents resistance that gels with the 17k price pivot barrier/break (200 dma). Risk of a downtrend has increased. 
• USD/INR above 76.40 will trigger USD bull momentum with major new chart highs targeted. This has been a high conviction USD long cross.

• In my monthly recap note, I provide a performance update of my trade recommendations in emerging markets FX and rates.
• Of the total of 35 trade recommendations made so far, I have recommended closing 25 of which 18 were in the money.
• I also update my views on the open trade recommendations and go over the rationale behind those that I closed recently.

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.

In this Insight:

1. Logan Property Holdings
2. Shimao Property Holdings
3. Ronshine China Holdings
4. Lenovo
5. Seazen (Formerly Future Land)

and more…

• Will continue to stand tall despite the many challengers Muthoot Finance (MUTH’) is our top pick for CY22 in the NBFC Lending space.
• Our investment idea is premised on our thesis of a structural opportunity in Gold lending as the market pie expands with customers evolving, taboo around Gold loans fading away, and apprehensions regarding Gold loans addressed through customer education.
• In this report, we list MUTH’s competitive strengths vis–vis its peers and some of the challengers like Fintech Gold loan NBFCs.