Stock markets are looking strong. The overseas markets closed the week on a strong note. One can expect the NSE Nifty to gain 100 points in early minutes of trade. BSE Sensex ended 326 points higher at 18852. Market experts expect BSE Sensex to cross 19,000 levels today. While NSE Nifty managed to close over 5600 with a gain of 89 points.

Most of the Technical Analysts are suggesting buy calls for intraday traders with an expected appreciation of 4 – 6 percent.

Markets were trading very strong on Friday and ended the day with decent gains. The volumes were good as well. There were some stocks like Neyveli Lignite, Indian Bank, Reliance Energy, DLF, GMR Infra, HDFC and Larsen which gained quite substantially on back on high volumes.

One can expect Indian markets to bounce back quite nicely in today’s trading session. The market direction for the rest of week will depend on the global cues.