Market to give positive return till Jan`09

Technical analyst, Vishwas Agarwal commenting on the market said, ``On the BSE 13,350 is the level which market needs to sustain in order to reach the next level of 13,786. The downside stoploss will be 12,786. There could be an important event in the US for the financial sector, as bailout package may be put to vote again. If this time it is cleared, it will lead to relief recovery in world markets. In case it is rejected again then we will see a major downfall. One should wait for this event to come.``

Agarwal further added, ``Overall I personally feel that from October `08 to January `09 markets will give a positive return rather than losses or volatility. It will be gradual ,but in fixed direction.``
Source: - MyIris