Mkts to see 15K soon if FII flows are supportive: Baliga
Published on Fri, Dec 08, 2006 at 10:00 | Source : Moneycontrol.com
Updated at Mon, Dec 11, 2006 at 10:28
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Mkts to see 15K soon if FII flows are supportive: Baliga
Ambareesh Baliga of Karvy Stock Broking finds it difficult to predict what's in store for the markets next. There is consolidation, but it depends on the FII flows in the markets, he says, since the rally is entirely FII driven.
Ambareesh Baliga of Karvy Stock Broking finds it difficult to predict what's in store for the markets next. There is consolidation, but it depends on the FII flows in the markets, he says, since the rally is entirely FII driven.
So he concludes that if the FII flows continue, then the markets could move up and it could touch 15,000 in the next 30-40 days. However, if the fund flow stops, then probably markets could see a downside, he warns.
So he concludes that if the FII flows continue, then the markets could move up and it could touch 15,000 in the next 30-40 days. However, if the fund flow stops, then probably markets could see a downside, he warns. 
