Indian equities, today (Sep 25), opened positively and soon slipped into the negative zone. After trading negatively for few minutes, the index bounced back into positive and again fell into the negative to trade on a flat note. 

The stock index is presently trading in a volatile manner prior to September series F&O expiry. Moreover, the question regarding the fate of the US financial sector bailout plan will carry on disturbing the market reaction.

Today, the 30-share index, BSE Sensex opened at 13,716.88, up 24.36 points, as against its last day’s closure at 13,692.52, up 122.21 points, on Wednesday (Sep 24).

At 11.22 a.m., the 30-share index Sensex stood at 13,572.62, down 119.90 points, after hitting a high of 13,716.88 and a low of 13,568.12. 

On the other hand, the broad based Nifty lost 45.45 points at 4,115.80, after touching a high of 4,172.60 and a low of 4,112.85.

Stock market analyst, Vishwas Agarwal said that 13,555 and 13,780 are two crucial levels on the Bombay Stock Exchange (BSE) to sustain for safe market. 

He said that the overall action in stock markets shows that if there are some sellers at upper level, there are also stock purchasers at lower levels. 

“Now the question arises, who will win? 70 percent chances are clear in favor of the bulls as after huge selling of FII continues, and even after that stock market is maintaining certain level that shows that if any positive news or encouraging development comes in either worldwide market or domestic markets namely government strategies etc, will improve market moods at higher level,” Mr. Agarwal said.

Mr. Agarwal added that as market is under depression for almost last 9 months, rescue operation by the US authorities will assist the whole world financial as well as equity market. 

He also said that the markets will give profitable opportunities to reap good returns in next four months.