Indian stock market: few comments.

Indian inflation is collapsing, and is at a 5 year low:

The strong rupee is responsible for a lot of the decline.

Declining inflation and declining interest rates is the bull case for
the Indian markets.

I actually think the Indian markets are going through a blow off. I
think it's going to try hitting 20000 a few times, fail, and then roll
back to the midway point. (~17000).