In an interview with CNBC-TV18, Anil Manghnani of Modern Shares & Stock Brokers, citing his reading and outlook for the market, said, "The key level still remains 5,900. So, I would like to first see what the market does out there. Unless it takes that out, I would still be looking at atleast booking profit if not going short at this point."
Talking about the light crude prices he said, "My view over the last few weeks, has been that the USD 119 per barrel is the next level. So, till that doesn’t come crude can rally further. If you want to use a cricketing term, it’s a googly factor. I am not sure how the market is reacting or will eventually react to it."
DEEPAK KUMAR
PGDM 2ND SEM
Talking about the light crude prices he said, "My view over the last few weeks, has been that the USD 119 per barrel is the next level. So, till that doesn’t come crude can rally further. If you want to use a cricketing term, it’s a googly factor. I am not sure how the market is reacting or will eventually react to it."
DEEPAK KUMAR
PGDM 2ND SEM
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