Indian Stocks markets closed with decent gains last week. US Markets received some support from the Fed’s recent rate cut, but the effect may not last for the coming week. The signs of slowdown in US economy have become a cause of worry for investors all over the world.

BSE Sensex closed with a gain of 355 points at 16,371. NSE Nifty closed the week at 4942. Technical experts believe that the stock markets may remain range-bound for next 3 – 4 weeks. The undertone is bearish. There are some signs of buying at lower levels, but markets are not able to sustain at higher levels due to selling pressure.

The BSE Sensex, on Wednesday, ended after making a gain of 161.37 points at 14,994.83, whereas the broad-based NSE Nifty ended at 4,573.95, up 40.95 points.

The 30-share index Sensex opened on a cheerful note with a positive gap of 492.33 points at 15,325.79 following the interest rate cut by US Federal Reserve.

The index traded sturdily for a short period because of buying activity seen across the frontline stocks.

But, the Sensex broke off from days’ peak by losing all its power. At last, it marked its closure positively. It also touched an intraday high of 15,465.81.

Stock market expert V K Sharma has suggested that Aptech stock can be purchased by day traders in today’s trading session at current price for achieving an intraday target of Rs 170.

If the stock markets remain on positive track, the next intraday target for the day is above Rs 172.

The company’s shares ended positively at Rs 174.30, on Tuesday, on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 448.50 and a low of Rs 139 on BSE.

Stock market analyst E Mathew has suggested investors to purchase ICICI Bank stock to achieve a short-term target of Rs 835.

According to him, the stock of ICICI Bank can be purchased on declines with a stop loss of Rs 713.

Mr. Mathew also said that the investors can achieve the target within a period of 3-4 weeks. So, the investors are advised not to sell this stock before achieving this price target.

Stock analyst E Mathew is of the view that Himatsingka Seide is ready to zoom in the coming weeks.

If the investors want to take advantage of this voltality, buy it around Rs 106, with a stop loss at Rs 101. The investors should hold the stock for at least 3-4 weeks. The short-term target for the said period is Rs 140.

Mr. Mathew has suggested investors not to sell this stock before achieving the said short term target.

Yesterday (16 Jan), the stock closed at Rs 111.35 after gaining 3.49% on BSE. The stock still has much potential. So don’t miss the chance and make good profit.

Stock analyst Hitendra Vasudeo (stockmechanics.c