Stock Mkt To Be Volatile For Next 5-10 Sessions, Says Vishwas Agarwal

The 30-share index, BSE Sensex, today (Sep 24), opened with a gain of 60.23 Stock Mkt To Be Volatile For Next 5-10 Sessions, Says Vishwas Agarwalpoints at 13,630.54. Real estate, banking and power segments edged higher during the early trades.

In the previous day session, the Sensex closed 424.65 points down at 13,570.31, while the NSE Nifty dropped 96.15 points at 4,126.90.

At 10.04 a.m., the 30-share index Sensex gained 60.23 points at 13,630.54, after hitting a high of 13,630.54 and a low of 13,630.54. In contrast, Nifty stood at 4,154.80, up 27.90 points, after touching a high of 4,166.00 and a low of 4,115.85. (10.04 a.m.)

While commenting on the market, stock market analyst Vishwas Agarwal stated that 13,555 is a crucial support level on the Bombay Stock Exchange (BSE) for today’s trading session.

He said that above 13,786 level, the stock market will be in the safety zone. Volatility due to worldwide market will be over shortly, and market will form a strong bottom and will start moving step by step in the coming months after global finance market crisis.

“Overall view is consolidation and upmove with slow speed but with clarity. In next upmove there would be change of stocks who will lead the market not the old list of stocks,” Mr. Agarwal added.

Mr. Agarwal also said that the stock markets will be unstable or puzzling for the next 5-10 days, but after that market will be in safe zone.

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