According to technical analyst, Prakash Gaba the capitalists

Sharmila Joshi of Asit C Mehta is of the vision that DLF is looking sensible at this heigh

Improvement in Asian markets encouraged assurance in Indian equities on Friday. ICICI Bank, State Bank of India (SBI), Infosys, Reliance Communication, Housing Development Finance Corp. (HDFC) chaired the advancements.

BSE Sensex settled the week on a positive note at 15,138.40, up 152.70 points, whereas the broad-based NSE Nifty ended at 4,401.55, up 45.2 points.

Technical analyst, Vishwas Agarwal stated that presently the Indian markets are acting according to the worldwide market conditions. Traders are watchful due to recent volatility in the markets, he added.

Weakness in index heavy weight Reliance Industries (RIL) in last 5 trading sessions hassled markets last week.

The 30-share index having maintained its impulse in the former session as it carries on to trade in the constructive terrain. Select stocks from cement, pharma, banking, auto and telecom led the advancements.

The BSE Sensex is trading strong at 15,193.66, up 207.96 points. NSE Nifty is ruling at 4,423.70, up 67.35 points (11.15 a.m).

Technical Analyst, Vishwas Agarwal suggested that the support of 4,286 for the NSE and 14,668 for the BSE are key levels to watch.

He also added that if the stock market falls below these levels, then we can think that a top has been formed for the next six months and the market will trade between 3,900 to 4,600.

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.

Bharat Thakur, assistant manager, Karvy Stock Broking stated that today market closed after making a profit of 50 points, though it opened its eyes very positive only to discard the majority of its gains. It traded in a range for the whole day.

Today banking region was good, particularly SBI and Kotak Bank. Reliance Industries also increased 2% that provided back up to the market.