One Brief Descriptions For Today`s Market...

Exceptional volatility was seen in today's trade. After a 1000-point swing on either sides, the Index concluded the trade at 24,708.40 with gains of 240.95 points. IT was the top gainer among the sectors followed by Auto; while on the flip side, Realty and PSU Banks were the laggards. Mid and Smallcaps underperformed as major action was seen in the Index based stocks only.

A strong candle was formed but was with above-average higher and lower shadows which depicts extreme volatility. It appears that the market has already digested tomorrow's MPC outcome.

The positive trend is likely to continue but considering the strong rally of the past 4 days, a minor correction is anticipated; however, the Index is heading towards the psychological barrier of 25,000 whereas the support has shifted higher to 24,290- 24470...