Anil Manghnani, technical analyst at Modern Shares says the market will facing a lot of resistance in days to come. The market is looking stretched with most stocks nearing their 200-day moving average. His top profit-booking calls are Tata Motors and DLF. Manghnani also says it will be difficult for IT sector to perform as the rupee benfit has been evaporating. share. He says the infrstructural sector is in the last leg of rally. There will be some short covering today. IVRCL and L&T look little stretched on the charts now and he expects profit-booking in these two stocks.
Below is the edited transcript of Anil Manghnani's interview on CNBC-TV 18. Also watch the accompanying video: Q: WhatDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
