India’s benchmark index, Sensex closed down 85.83 points at 16,698.04, whereas Nifty ended at 5022.80 down by 26.50 points on Wednesday (April 23).

The markets yesterday were range bound and choppy with the majority of index stocks ended on a flat note. The banking and metal stocks led the declines, whereas Textile and Sugar stocks gained.
The overall market breadth was mixed as it experienced 1,426 advancements as against 1,297 declinations.

Stock market analyst, Vishwas Agarwal is of the view that BSE above 16,786 level is good for trading with a downside target of 16,555- 16,350 and an upside of 17,150- 17,350.

He also said that the market may remain bullish in the coming 15-20 working days and would generate plentiful trading opportunities.
So, he suggested investors to accumulate fundamentally strong stocks during correction.

He recommended stocks like Gujarat NRE Coke, Bata, Essar oil, GE Shipping for trading with self decided stop losses.