Market mood bullish till expiry
Brokers Outlook: Market mood bullish till expiry Prakash Rajdev, chief dealer, Khandwala Securities, said that market would continue to be strong only and any dips would be covered by short covering. Today (September 25), market opened strong but during mid session small correction was seen and markets recovered smartly to end up 54 points. Reliance Group companies` performed well at the bourses and also refinery sector. He expects market to be bullish till expiry. When queried whether market will cross 17,000 in the coming trading sessions, he stated that market is almost at those levels but nothing can be said as market can be pulled back even after reaching very near the level. Anuj Anandwala, analyst, KJMC Capital Services, opined that today (September 13) market was pretty volatile as it was trading up in the morning hours but in post lunch sessi on it slipped to negative on the back of minor profit booking and ended positive. Advance decline ratio was down today which means there were more declines than the advances. He expects same volatile session to be seen on Wednesday too. Markets may see some profit booking in the coming trading sessions as correction is due now. Oil & gas and IT sector can trade well on Wednesday, he added.
