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.

He added that in the existing market situation any big tip could be utilized to build up stocks. Reliance Group, telecom, banking and power sector stocks are likely to trade well today.

Bharat Thakur, assistant manager, Karvy stock broking, stated that yesterday’s market recital was firm. It ended the day after making a profit of 417 points on the back of short covering and expiry coming closer. The majority of the capital goods and realty companies rise dramatically. Reliance Industries, L&T, Peninsula Land did well on the stock markets.

He anticipates market to make another 100 to 150 points and also likely to test 14,950 level. He is optimistic on capital goods and banking sectors. Stocks to be watched out today include L&T, Axis bank and ICICI bank.