Strategies to trade mkts, commodities, currencies this weekPublished on Sat, Jun 06, 2009 at 12:52 | Source : CNBC-TV18 Updated at Mon, Jun 08, 2009 at 09:22
Here is a verbatim transcript of Udayan Mukherjee's comments on CNBC-TV18. Also watch the accompanying video. There is still lot of liquidity sloshing around in the market, still a lot of interest in midcaps and smallcaps and that may well continue as we go into next week, despite Friday's late sell-off in many midcap and smallcap names. Interest levels would still be very high. So, we could see a familiar pattern that at higher levels the market periodically runs into a little bit of rough weather and at lower levels it is constant buying which emerges every time the Nifty looses 100-150 points. It will partly depend on global markets. If global markets are rangebound more or less around these levels, then the Nifty will still try to go 100-150 points higher next week and then take it from there. We continue with the uptrend next week, albeit with mild chance of turbulence creeping in above 4,600. But that is not decisive or conclusive though. Experts speak on the way the markets have rallied during the week Stephen Roach, Chairman, Morgan Stanley Asia, said, "For the first time in 12 years, I have been optimistic about "From the standpoint of Jonathan Garner, Chief Asian and Emerging Market Equity Strategist, Morgan Stanley, said, "We have upgraded "What we have seen throughout the year is the building of fund flows towards the emerging markets. Year-to-date, we have had over USD 40 billion of net inflows to various emerging markets funds that we track." Sanjay Shah, MD and Head-Institutional Sales, Morgan Stanley, said, "What has happened post the election results is that most large global long-only funds, who were waiting for results to come out and get some more clarity, have decided to go overweight on Indian equities. Some are in the process of doing so and some have already started doing so. That is where the incremental amount of interest is coming from. Global hedge funds have been increasing their exposure to Ridham Desai, MD and Head-Equities, Morgan Stanley, said, "Our bull case does call for a significant room on the upside. That is predicated on the policy response from the government if it exceeds current expectations. Our bull case for this year is somewhere around 19,500 which is not very far from where we were at the peak of 2008." Trading strategies for next week on next page...
Entities: Nifty, Udayan Mukherjee, Latha Venkatesh, Manisha Gupta, Vijay Bhambwani, Sudarshan Sukhani, Sudarshan Sukhani
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