Midcaps would make for better trading opps: Manghnani (CNBC TV18 14th Dec 2007) Excerpts from CNBC-TV18's exclusive interview with Anil Manghnani :
I think we are still strong, we are making new highs and there is nothing to complain about. We did hit one target very close to 20,500 on the Sensex, which was a resistance level. So, if we came down from there no big deal. I this fall does continues today, it is a trading opportunity. Realistically speaking since 6,000 and 20,000 were barriers on the way up, they should become the first major supports on the way down. But even if we do break through those levels, I think it will be a short-term break, may be upto 5,880 also and about 19,600. Those would be strong support levels.
But I still feel any fall is still a trading buy and pretty much since the midcaps continuously outperformed, they would make for more better trading opportunities.
Asian markets turn weak (Business Standard 14th Dec 2007)All the Key Asian indices were weak today. The Nikkei was down 11 points at 15,525. The Hang Seng has dropped over 200 points to 27,522. The Straits Times and Shanghai indices were also weak.
FIIs net sellers of Rs 1,127cr in F&O (Business Standard 14th Dec 2007) Foreign institutional investors (FIIs) were net sellers of Rs 1,127 crore in the futures & options (F&O) market on Thursday, December 13.
Dow up 44pts, Genpact zooms 5% (Business Standard 14th Dec 2007) While the Dow moved up yesterday after Honeywell raised its profit forecast, the Nasdaq Composite was marginally lower on credit worries.The Dow was up 44 points (0.33%) at 13,517.96, and the Nasdaq Composite was down 2.65 points (0.10%) at 2,668.49.
FIIs net sellers of Rs 402cr in cash market (Business Standard 14th Dec 2007)Foreign institutional investors (FIIs) were net sellers of Rs 401.76 crore (provisional) on Thursday, according to data released by BSE.
I think we are still strong, we are making new highs and there is nothing to complain about. We did hit one target very close to 20,500 on the Sensex, which was a resistance level. So, if we came down from there no big deal. I this fall does continues today, it is a trading opportunity. Realistically speaking since 6,000 and 20,000 were barriers on the way up, they should become the first major supports on the way down. But even if we do break through those levels, I think it will be a short-term break, may be upto 5,880 also and about 19,600. Those would be strong support levels.
But I still feel any fall is still a trading buy and pretty much since the midcaps continuously outperformed, they would make for more better trading opportunities.
Asian markets turn weak (Business Standard 14th Dec 2007)All the Key Asian indices were weak today. The Nikkei was down 11 points at 15,525. The Hang Seng has dropped over 200 points to 27,522. The Straits Times and Shanghai indices were also weak.
FIIs net sellers of Rs 1,127cr in F&O (Business Standard 14th Dec 2007) Foreign institutional investors (FIIs) were net sellers of Rs 1,127 crore in the futures & options (F&O) market on Thursday, December 13.
Dow up 44pts, Genpact zooms 5% (Business Standard 14th Dec 2007) While the Dow moved up yesterday after Honeywell raised its profit forecast, the Nasdaq Composite was marginally lower on credit worries.The Dow was up 44 points (0.33%) at 13,517.96, and the Nasdaq Composite was down 2.65 points (0.10%) at 2,668.49.
FIIs net sellers of Rs 402cr in cash market (Business Standard 14th Dec 2007)Foreign institutional investors (FIIs) were net sellers of Rs 401.76 crore (provisional) on Thursday, according to data released by BSE.
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