UPA-Left Meet & Inflation To Rule Market Sentiments, Says Vishwas Agarwal

Stock market analyst, Vishwas Agarwal said that UPA-Left meet on nuclear UPA-Left Meet & Inflation To Rule Market Outlook, Says Vishwas Agarwalagreement and inflation figures will likely to rule the market sentiments during the week.

Mr. Agarwal said, “For BSE Sensex, 15,350 is important level the market must sustain to remain in safe zone. However, the support levels are placed at 14,750.”

He also said that investors should be careful if Sensex trades below 15,000 levels.

The world is passing from a tough time because of higher commodities costs particularly crude oil and credit market losses.

“We should not expect any sharp rally until fall in crude oil prices,” he added.

On the other hand, Alex Mathew, head - research centre, Geojit Financial Services stated that Nifty closed marginally above 4,500 level on Friday. During the day, Nifty traded in a very narrow range. Inflation information was breaking the reaction, but still Nifty has the power to break over 4,565 level. If that happens, Nifty can easily test 4,602 in the short run.