Markets to remain Rangebound Today – Stock Analysts

Stock MarketsBhupendra 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.

Rohit Mehta, head equities, Dimpi Investments said that, total strength was seen in the markets yesterday. Everron Systems outperformed markets yesterday and is likely to go further up in today’s session.

He anticipates that, for the next one or two trading sessions, the markets will continue to remain in a range, it might come up or down by 50 points. Stock specific movements would be seen rather than sector specific, he added.