Anil Manghnani of Modern Shares and Stockbrokers said that technical charts indicate that the market has completely broken down. A sharp fall in majority of the frontliners is worrying to the investors. It also questions the ability of the index to hold up against a selling rally.
In an interview with CNBC-TV 18, Manghnani says that he expects the market to bounce back and try to reach 5400 levels; may even try 5440. But post that, he expects the downward trend to resume. Below is a verbatim transcript of his interview on CNBC-TV 18 with Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying vide. Q: ItDiscover 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!
