The BSE Benchmark Index, Sensex continued to trade in a volatile manner today (December 18), however in the last lap of trade, the market witnessed huge fall on back of strong selling pressure across the board. The market lost around 252 points to touch the day`s low of 19,009.35. It did some recovery in the last minutes of trade to finally close with a loss of 181.71 points.
Technical Analyst, Vishwas Agarwal said, ``Yesterday we have seen a lot of shortcovering in the market after a sharp fall of almost 1,500 points from the day`s high. Today also the market went through the same phase. From here some relief rally will come in the frontline stocks and midcap stocks.``
He added, ``If Sensex maintains 19,350 followed by RIL at Rs 2,750, and SBI at Rs 2,325 than we are in safe zone.``
Vishwas has recommended following stocks for trading on Wednesday:
| Company | Stop Loss (%) |
| Punj Lloyd | 1% to 2% |
| MRPL | - do - |
| TVS Motors | - do - |
| Hindustan Motors | - do - |
| BPCL | - do - |
| Gujarat Industries Power Company | - do - |
He advised investors to trade with proper levels in this volatile market.
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