The BSE benchmark index, Sensex, today opened strongly at 17,910.30 and gained about 900 points during the day, reaching its highest intraday high.

The today’s increase was caused by heavy buying spree witnessed by the market participants in index pivotals.

All the sectors were trading positively.

While commenting on this technical analyst, Vishwas Agarwal, said, “If Sensex maintains 18,350 level then market will be in strong zone. Its next target will be 18,888 and a new 19,150. However if it falls below 18,350 then market once again will be cautious.”

He said that the stock market remained upbeat in the last 2-3 months.

“One thing needs to be noted that in the last 2-3 month, Nifty fluctuation in one settlement is too high, sometime that creates huge damage, but the only plus point is that every time when such bad situation comes, it gets corrected soon. He raised the question that how long will such situation continue?,” he said.

Vishwas said, “Market will be in some level up to Friday. But in November F&O series, I am not so bullish and feel some sideways or consolidation zone, with some downtrend.”

He suggested NDTV, Voltas, Bata, Titan, Century Textile and Idea cellular for today’s trading.

“These stocks look good only for trading purpose with nominal stoploss,” Vishwas added.