Sensex unlikely to go back to 21K levels this yr: Enam Sec

Manish Chokhani of Enam Securities is of the opinion that economic recovery would take longer than expected. He still believes that the recent upmove is a bear market rally. He, however, feels it is unlikely for the Sensex to go back to 21,000 levels this year. “Liquidity will flow into longer-term sustainable assets,” he said, adding that the flows were dependent on Dollar and Yuan moves. may not allow currency to float in the long-term, he said. “The Chinese Yuan may become reserve currency eventually.” Here is a verbatim transcript of the exclusive interview with Manish Chokhani on CNBC-TV18. Also watch the accompanying video. Q: We will see another period of coupling before our market starts moving firmly in divergent directions? A: One hates being prophetic about these things because you always get proven wrong. But... [read full story]                    

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