MCX India looks good: SP Tulsian

MCX India is looking good around Rs 1050, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “Trading volume is going to affect the MCX more but since the Financial Technology is also the promoter of the company, the reflection of that also gets reflected into the share price of Financial Technology. The kind of feedback, which we have been getting from the commodity traders that the things are not going to be very negative for the turnover, still I am keeping my cautious view.”
He further added, “MCX India can be looked at Rs 1,050 but Financial Technology since have their own business, they have a very good earning even on a standalone basis. Probably I will advice buying Financial Technology but wait for MCX for a level of about Rs 1,050 or so.”