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market analysis: Ahead of Market: 12 things that will decide stock action on Monday

Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan, said the index is headed towards the 16,800 level. "The level of 16,800, which was our medium-term target earlier, now becomes the short-term target and the medium-term target has been raised to 17,500. Thus, the short-term traders are recommended to hold on to their long positions and ride the trend for higher targets," he said. ....

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Terry Smith and Fundsmith Emerging Equities Trust manager initiate fresh holdings


Terry Smith and Fundsmith Emerging Equities Trust manager initiate fresh holdings
Fundsmith boss alludes to new mystery holding added in July, while Michael O’Brien buys Chinese medical platform and Indian business management provider
Fundsmith founder Terry Smith added a mystery holding to his £27bn flagship equity fund in July, while Fundsmith Emerging Equities Trust (Feet) manager Michael O’Brien has picked up two new positions.  
Smith (pictured) is famed for his “buy good companies, don’t overpay and do nothing” approach, a creed which the managers in his Fundsmith stable also live by. 
But recently the boutique boss has been making an uncharacteristic number of chops and changes to his Fundsmith Equity fund and other managers have been following suit.  ....

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