Market may be volatile up to Dec. 11: Vishwas Agarwal

On Tuesday, the BSE Benchmark index, Sensex opened positive at 19,707.59 and continued to trade firm in the morning trades. Later the index slipped into the negative and traded flat in the noon trades. Buying and selling activity was witnessed in pivotal stocks.

The Sensex further went down backed by profit booking to close in the negative terrain after touching a low of 19,482.34.

Technical Analyst, Vishwas Agarwal said, ``The market is in the trading zone, and we are watching this from last one month. There will be a lot of scope in stocks other than frontline and index based in the coming days and we are witnessing this everyday.``

Vishwas said, ``19,350 is an important level for Sensex. If it crosses this, then the next target will be 19,555 and 19,750. If Sensex maintains 19,750 level and RIL crosses Rs 3,000 level then market can soon cross 20,000 mark.``

Giving his outlook for the days to come, he said, ``There may be some volatility in the market, but the overall market mood looks good up to December 11 (US Fed meeting).``

Stock Recommendation:
Vishwas recommended MRPL, Tata Steel, Bombay Dyeing, TV Today and NDTV for trading, with nominal stoploss.

The analyst can be contacted at forvishwas@yahoo.co.in