BSE Sensex gained 70.61 points, or 0.37%, to close at 19,162.57, while the broad-based NSE Nifty closed at 5,766.00, up 15.35 points, or 0.27%.
Technical Analyst Vishwas Agarwal said “Long holding position may keep the market volatile or sideways but this is a consolidated phase and will show its impact in January 2007, when market will give more profitable opportunity, and specific frontline stocks will go up to support a rise in the Index and also lot of midcap stocks will perform“.
Giving his outlook for the coming days, Vishwas said “If Sensex maintains 18,888, then the market looks good and in trading zone and above 19,350 more profitable trading is possible with a possible target of 19,888“. He added “Market move will be decided by RIL and SBI, so its very important to two watch these two stocks“.
