Rahul Agarwal, VP, Institutional Sales, LKP Shares stated that today the stock market saw a big improvement of 4.5%. It reflected the worldwide movement and it depressed on the back of a firmer Yen and global disentangling.
Mr. Agarwal anticipates the securities market to rectify further and touch 14,000 level. On Friday (August 17), markets may remain pessimistic due to sharp fall in valuations. He suggests that buying in the some fundamentally strong stocks is the best bet at this downfall. The stocks include Reliance Industries, Reliance Communications, Reliance Energy, Tata Power and Bharti Airtel.

Bharat Thakur, assistant manager, Karvy Stock Broking told that today the market alteration was very quick because of sub-prime mortgage worry, Yen admiration and decompressing situation of Yen-carry trade. The majority of the counters lost between 4% to 5%. Reliance Capital, Bharti Airtel and State Bank of India were among the worst hit.

He gestates the market to recover 200 points on Friday`s trading session. He also suggests the market support is at 14,100 and resistance at 14,700 level. Stock specific action can be seen in Naukri.com, Reliance Industries and IDBI. He commends investors to put their hands in short stocks like India Infoline, VSNL and Titan Industries.