4,286 And 14,668 Decisive Levels To Watch - Vishwas Agarwal
Today, the BSE Sensex failed to grasp its former gains and settled at 14,985.70, up 49.93 points, after touching an intraday high of 15,134.53.
While commenting on the current irregular trend, technical analyst, Vishwas Agarwal said that the stock markets are progressively turning susceptible to international markets.
“We are in a directionless market, with restricted upsides but any major global down trend can result in a huge set back,” Mr. Agarwal added.
Support of 4,286 for the NSE and 14,668 for the BSE are decisive levels to watch out. If the stock market dislocates below these heights, then the analyzers can believe that a top has been defined for the next six months and the market will trade between 3,900 to 4,600.
Reliance Energy is the best pointer of the market, opined Vishwas Agarwal. He anticipates the market to be in the trading zone and suggests to trade with technical support and stop losses.