Market likely to cross 20k

Bhupendra Sharma, vice president, Hornic Investments, said that market opened strong and continued to trade firm the entire day. But, slowly and gradually market is moving upward to once again touch 20,000 level.

``If we look at last month`s-trading graph, market has been taking support at 18,300 and resistance at 20,000 points. Now it will soon cross 20,000 level and will touch new high once again,`` added Bhupendra.

Stock specific movement was seen in the market today (December 3). Essar Oil, Hindustan Oil Exploration and Shiv-Vani Oil and Gas Exploration performed well at the bourses.

He expects market to trade positive on Tuesday. He is bullish on Reliance Group companies including Reliance Infrastructure, NCL Industries and Videocon Industries.

Nitin Bohra, an independent stockbroker, opined stated that market opened with an upward gap and continued to trade positive. Mid-cap stocks showed momentum in today`s trading session. Reliance Energy and IDFC performed well at the bourses.

He expects market to once again cross 20,000 mark. He is bullish on stocks like IDFC and IFCI. He also added that tech sector started to take part in the rally and will continue to do so in the coming trading sessions as well.