Rahul Agarwal, VP Institutional Sales, LKP Shares, said that yesterday stock markets were very strong, lot of buying was seen in Reliance Group and banking stocks. Auto sector also did well. Markets lifted largely due to short covering.
According to Mr. Agarwal, markets will remain strong today (August 28). He anticipates constant recovery to occur in the markets though market can be explosive and can again drop to 14,000 level.