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MCX India may touch Rs 620-624: Kunal Bothra

Kunal Bothra of LKP feels that MCX India may touch Rs 620-624.

January 06, 2014 / 19:13 IST
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Kunal Bothra of LKP told CNBC-TV18, "MCX India is looking better. Compared to Financial Technologies this is one stock which has managed to recover good ground for the last so many days and also in terms technical language it is crossing that 200-day moving average. It is still beyond crossing that 200-day average, but 200-day level is around Rs 620-624 and today the high was around Rs 610-611."

"Out of these two stocks MCX India is one stock which is heading towards that 200-day moving average, which I believe is a good short-term trading breakout if it happens. So MCX is a slightly better stock as compared to FT," he added.

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first published: Jan 6, 2014 05:30 pm

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