Monday, November 12, 2007

If Europe opens weak today, then short Nifty in the afternoon, suggests Deepak Mohoni, technical analyst, on CNBC-TV18. Asian markets are witnessing a bad day, with Tokyo's Nikkei hitting the lowest level in 15 months and currently down 386 points. South Korea's Kospi has fallen 67 points, while Hong Kong's benchmark index Hang Seng is down a whopping 1108 points. Taking cues from its Asian peers, the market back home is also witnessing selling pressure across the board. The Sensex is down 481 points and Nifty down 159 points from the previous close.

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