India remains favourite mkt in long-term: Fullermoney
Published on Mon, Oct 16, 2006 at 12:01 | Source : Moneycontrol.com
Updated at Tue, Oct 17, 2006 at 09:25
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India remains favourite mkt in long-term: Fullermoney
David Fuller of Fullermoney.com believes that the May correction has taken away the froth from the market. He feels that the Indian market is unlikely to see much resistance.
David Fuller of Fullermoney.com believes that the May correction has taken away the froth from the market. He feels that the Indian market is unlikely to see much resistance.
Fuller further informs that India will remain their favourite market in the long term. He also adds that inflationary pressure is the biggest worry around the world.
Excerpts from CNBC-TV18's exclusive interview with David Fuller:
Q: Where do you think this market is headed after breaking into new highs?
A: It is definitely heading higher because India is a very strong bullish story. Global stock markets are firm as well.
Q: Have you set any targets for the Sensex and Nifty?
A: Our point is that no market will ever move up in a straight line. One has to be a little careful once the big ground numbers are reached, like 13,000, 14,000 because they tend to be the targets in people's minds. And then, markets tend to pause around these levels for a brief while. But India remains my very favourite stock market for the long-term.
