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Volatility Is Likely On F&O Expiry, Says Vishwas Agarwal

Neeta Aurora 29 August 2007

As projected the market touched - NSE Nifty 4,326 and BSE Sensex 14,900 level, chaired by frontline stocks, said Vishwas Agarwal, technical analyst.

As of now, the two expected levels are vital for an up move and will adjust the direction for stock market. Mr. Agarwal anticipates volatility in the market owing to F&O expiry and thereby stock specific movements will be in the direction of up rise.

Some profit booking is also anticipated as the stock market advanced about 900 points, Agarwal supposed.

He added that Reliance India Limited (RIL) and State Bank of India (SBI) will continue to indicate market direction.

State Bank of India Stock Chart