Vishwas Agarwal
Banking, metal look strong : Vishwas Agarwal The bull run continues for today. Also, the BSE benchmark index, Sensex, opened at 17,152.31 in the early trades. The Sensex continued to trade firm in the noon trades. Later the index shed most of its points in the after-hours. Finally, it regained strength amidst volatility and touched a high of 17,361.47 to close on a firm note. Commenting on this technical analyst, Vishwas Agarwal, said, “Market is in consolidation phase, with some stocks are falling, some flying and some continue to trade sideways. This trend will continue until any event or any good/bad news comes into the market.“ Finally, the most surprising and bullish month got over today, where we have seen Sensex breaking its all records and touched the most awaited magic mark 17,000 and Nifty 5,000. However from October, the results season will start and it is likely to have an affe ct on the market mood, sentiments and, of course, speed (can go up or down or remains firm). On this, Vishwas said, “Next month is the result season which will have affect on the market. The first big event is Infosys result on Oct. 11, 2007 that need to be taken into consideration, because that will give some direction to the market.“ In the mean time (till October 11) Vishwas said, “Banking and metal stocks look strong.“ His recommendation to investors: “If you have any position in the stocks of this sector continue to hold it.“
