Buy Financial Tech in Rs 655-690 range: Manghnani

Manghnani told CNBC-TV18, "If Financial Technologies fell back to around Rs 690, it is coming off quite sharply from Rs 824, I am looking more as a positional slash maybe investment call in this and again not a trading idea. So if it fell all the way to Rs 690, I would give a broader range to buy between Rs 690 and Rs 655. I think then you would play for about Rs 772."

He further added, "I think you got the initial reaction post the news with the MCX but I think once it is died down the stock will settle and then these things take time by the time the exchange gets set up then probably in the longer run, this stock could do much better."