As per views of Technical Analysts, Ranbaxy Labs is looking very fairly valued at current market price. The stock ended at 433.10 levels on Friday, down by Rs 9.20 or 2.08%.

Technical analyst, Vishwas Agarwal said the stock market was volatile mainly because of F&O expiry on yesterday, and some profit booking was also seen at upper level.

Stock analyst, KJMC Capital Markets, Anand Dama said yesterday, the security market deals in the positive though the majority of the international markets were down. The market showed lot of short covering. Despite that, political stableness also pulled the markets up.

After mid-session, stock market recovered as there were no remarks from the Left. The major buying was seen in PSU. Some buying was also seen in auto sector as auto numbers are anticipated in the coming two-three days.

As projected the market touched - NSE Nifty 4,326 and BSE Sensex 14,900 level, chaired by frontline stocks, said Vishwas Agarwal, technical analyst.

Bhupendra Sharma, vice president, Hornic Investments told that, yesterday stock market was within range and ended the day after gaining 59 points.

In the early trades, the market was feeble, as it adopted worldwide cues but recovered in the last trading hours, on the back of trading. Buying was seen in technological stocks.

According to Mr. Sharma, today, if NSE Nifty trades above 4,325, then it may go further up, otherwise market is still in a negative range. He is optimistic on Reliance Industries, Redington and Financial technologies.