4:02 PM - Strong global cues saw a good session for the market that ended at the day's high today. Sensex closed at 14287, up 495 points and Nifty was at 4313, up 123 points from the previous close. The CNX Midcap index was up 2.24% and BSE Smallcap index was up 1.41%. BSE Bankex index and BSE Realty index were both up 5% while BSE Metal index was up 4%. The market breadth was positive with advances at 911 against declines of 346 on the NSE. Top Nifty gainers included Tata Power, HDFC and Tata Steel while losers included NTPC, ITC and Dr Reddy.

4:01 PM - The worst seems to be over for the market ahead of the F&O expiry tomorrow, says Ambareesh Baliga of Karvy Stock Broking on CNBC Awaaz. It would not be surprising if the market gains weight and even touches 4750 on the Nifty in the next month, he adds.

3:58 PM - Parekh Aluminex has a target price of Rs 215 for the long term, says Ranjit Kapadia of Prabhudas Liladhar, on CNBC TV18. The stock is currently trading at Rs 140, up 2.2% on the BSE.

3:55 PM - Hold Nifty long with stop loss of 4275 and target of 4370-4405, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.

3:52 PM - FAG Bearing has a target price of Rs 541 for the long term, says Ranjit Kapadia of Prabhudas Liladhar, on CNBC TV18. The stock is currently trading at Rs 398, down 3.65% on the BSE.

3:48 PM - DCB has support at Rs 42 and resistance at Rs 58-60 after which it can see a fresh upmove, says Vijay Bhambwani, technical analyst, on CNBC Awaz. The stock is currently trading at Rs 52, up 3.48% on the BSE.

3:43 PM - India Glycols has a target price of Rs 433 in the long term, says a technical analyst of Religare Securities, on CNBC Awaaz. The stock is expected to see an FY09 EPS of Rs 87 and FY10 EPS of Rs 114, he adds. The stock is currently trading at Rs 255, up 3.4% on the BSE.

3:36 PM - The market ended at the high point of the day. Sensex shut shop at 14291, up 500 points (provisional) and Nifty was at 4317, up 127 points (provisional) from the previous close. The CNX Midcap index was up 2.15% and BSE Smallcap index was up 1.38%. The market breadth was positive with advances at 880 against declines of 370 on the NSE.

3:33 PM - Punj Llyod has strong support at Rs 195-225 and a target price of Rs 345-350, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 272, up 12.3% on the BSE. Also, Mahindra & Mahindra is a buy at Rs 500 and its charts are better than that of Tata Motors, he adds.

3:30 PM - Buy Punj Llyod and PNB for short-term trade, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.

3:26 PM - Buy Sterlite Industries with a stop loss of Rs 610 and target price of Rs 660, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy. The stock is currently trading at Rs 624, up 5.53% on the BSE.

3:25 PM - Dish TV has support at Rs 26 and resistance at Rs 35 after which it could go to Rs 42, says Vijay Bhambwani, technical analyst, on CNBC Awaz. The stock is currently trading at Rs 30, up 2% on the BSE.

3:21 PM - The worse seems to be over for the market at least for the next month, says Ambareesh Baliga of Karvy Stock Broking on CNBC Awaaz. Going forward the market will slowly and steadily move up, he adds. The bottom for the market seems to have been formed at 3800 for the Nifty, he says.

3:16 PM - Chambal Fertilisers has resistance at Rs 75 and then it can see a fresh upmove, says Vijay Bhambwani, technical analyst, on CNBC Awaz. The stock is currently trading at Rs 74, down 4.45% on the BSE.

3:10 PM - The market seems to have seen the worst and may now be rangebound, Sensex range 12700-15000 in next 9 months, says Rajen Shah of Angel Broking, on CNBC TV18. It is a good time to book some profits in any rally, he feels. While the short term view is cloudy and one can see new lower levels, the long term view (over 24 months) on India remains bullish, he adds.

3:05 PM - The market continues to look good. Sensex is trading at 14284, up 494 points and Nifty is at 4313, up 123 points from the previous close. The CNX Midcap index is up 2.23% and BSE Smallcap index is up 1.63%. The market breadth is positive with advances at 931 against declines of 311 on the NSE.

2:54 PM - Mahindra & Mahindra and Kinetic Motors to form a joint venture and M&M to hold 80% stake in the company, says Anand Mahindra, VC and MD of M&M, on NDTV Profit. It is the right time for M&M to enter the two-wheeler business, he adds. The joint venture has a cash consideration of Rs 110 crore and M&M to buyout all Kinetic Motors' assets and patents, he says. Punjab Tractors' holders to get 1 M&M share for every 3 held, he says. The stock is currently trading at Rs 516, up 3.21% on the BSE.

2:45 PM - Bank of Rajasthan has resistance at Rs 95 after which it can technically be called in a recovery mode and it can see a fresh breakout, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 88, up 1.2% on the BSE.

2:39 PM - Sunil HiTech bags orders worth Rs 650 crore, reports CNBC TV18. The stock is currently trading at Rs 191, up 1.71% on the BSE.

2:30 PM - Jindal Steel has resistance at Rs 2200 after which it can break out and it has a short term target of Rs 2500, says Simi Bhaumik, technical analyst, on Zee Business. Maintain a stop loss of Rs 1800, she adds. The stock is currently trading at Rs 2062, up 8.08% on the BSE.

2:23 PM - Punj Lloyd posts 88% increase in sales at Rs 2679 crore versus Rs 1417 crore for Q1 FY09 and 88% increase in PAT at Rs 112 crore versus Rs 59 crore, says Atul Punj, CMD of the company, on CNBC TV18. The company has an order book of Rs 20162 crore with 70% from the overseas market and 30% from the Indian market, he adds. The stock is currently trading at Rs 257, up 6.37% on the BSE.

2:14 PM - Great Offshore bags orders worth Rs 230 crore, reports CNBC TV18. The stock is currently trading at Rs 410, down 0.07% on the BSE.

2:07 PM - The market is looking firm. Sensex is trading at 14257, up 466 points and Nifty is at 4308, up 119 points from the previous close. The CNX Midcap index is up 2.18% and BSE Smallcap index is up 1.53%. The market breadth is positive with advances at 970 against declines of 260 on the NSE.

1:56 PM - Finolex Cables is a long-term hold and more stock can be accumulated on dips, says Simi Bhaumik, technical analyst, on Zee Business. The stock has resistance at Rs 56 after which it can show further strength and one can maintain a stop loss of Rs 46, she adds. The stock is currently trading at Rs 54, up 0.19% on the BSE.

1:49 PM - IVRCL Infrastructure posts 37% increase in sales at Rs 928 crore versus Rs 677 crore for Q1 FY09 and 14.7% increase in PAT at Rs 43 crore versus Rs 37 crore, says E Sudhir Reddy, CMD of the company, on NDTV Profit. The company has an order book of Rs 15,000 crore, he adds. The stock is currently trading at Rs 306, down 1.32% on the BSE.

1:41 PM - SAIL is a long-term hold and more stock can be accumulated on dips, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 135, up 2.97% on the BSE.

1:33 PM - GHCL posts 26% increase in sales at Rs 325 crore versus Rs 256 crore for Q1 FY09 and 20% increase in PAT at Rs 38 crore versus Rs 31 crore, says Sanjay Dalmia, chairman of the company, on NDTV Profit. The company plans to enter the textile retail business in Q2, he adds. The stock is currently trading at Rs 67, up 0.67% on the BSE.

1:21 PM - Suzlon is a fundamentally good stock and can be kept in portfolio for the long-term, it has resistance at Rs 225 where one can book partial profits, says Simi Bhaumik, technical analyst, on Zee Business. One can buy more of this stock on dips, she adds. The stock is currently trading at Rs 220, up 4.05% on the BSE.

1:09 PM - The Asian markets are seeing a good session. Strong global cues has the Indian market trading firmly. Sensex is trading at 14278, up 487 points and Nifty is at 4317, up 127 points from the previous close. The CNX Midcap index is up 2.12% and BSE Smallcap index is up 1.5%. The market breadth is positive with advances at 988 against declines of 246 on the NSE.

1:01 PM - Networth Stock Broking recommends 'buy' on Axis Bank, with target price in the range of Rs 909-1,060, reports CNBC-TV18. It is currently trading at Rs 658, up over 6% on the BSE.

12:53 PM - Among the rate sensitives, real estate is the most bearish, says PN Vijay, Portfolio Manager, on CNBC-TV18. In the last two years, there was a lot of speculative buying using low cost capital, especially in the cities, that has totally died down now, he explains. There is only genuine buying now, he adds. The supply and demand figures show a 15%-20% oversupply, which would translate into price softening, he says.

12:45 PM - In the banking space, one can certainly look at buying SBI and HDFC Bank, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. But avoid ICICI Bank for now, he suggests.

12:38 PM - The medium-term outlook for India continues to be cautious, says Ajay Sama, Founder and President, Baer Capital Partners, on CNBC-TV18. The Indian market has not bottomed, therefore there is more risk on the downside, he explains. Indian multiples are lower, but are still relatively expensive, he says. He expects liquidity to be a challenge over the next few months.

12:29 PM - Axis Bank has medium term support at Rs 615-560 and will face resistances at Rs 673-712, where one can look to exit the stock, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 650, up 4.8% on the BSE.

12:21 PM - If ICICI Bank crosses the resistance of Rs 648, then it an go up to Rs 725, says Ashwani Gujral, technical analyst, on CNBC-TV18. But it may not go beyond this very soon, he adds. The stock has support at Rs 554, he says. It is currently trading at Rs 636.85, up 5% on the BSE.

12:13 PM - L&T will face some resistance at Rs 2,820, but once this is crossed, it can go beyond Rs 3,000, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. One can continue to hold the stock with a stoploss of Rs 2,475, he suggests. It is currently trading at Rs 2,577.50, up 1.2% on the BSE.

12:06 PM - It continues to be a good day for the market. Sensex is at 14,167, up 376 points from the previous close. Nifty is at 4280, up 91 points. CNX Midcap and BSE Smallcap indices are up 1.9% and 1.5% respectively. All sectoral indices, except that for FMCG, are trading higher.

11:59 AM - Downsides for the Nifty and Sensex are at 3,800-3,650 and 12,500-11,800 respectively, says Neppolian Pillai, technical analyst, on CNBC-TV18. And the upside for the Nifty is around 4,650-4,770 and that for the Sensex, at 15,500, he adds.

11:51 AM - DLF looks weak on the charts and should be exited on rallies, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. For the short term, keep a stoploss of Rs 460, he suggests. If it falls below this, then it can go down to Rs 386-360, he says. But on the upside, if it can cross Rs 518, then 580-610 is possible here, he adds. It is currently trading at Rs 481.45, up over 2% on the BSE.

11:44 AM - Fall in banking stocks should be seen as an opportunity to buy into them, says Vallabh Bhansali of ENAM, on CNBC-TV18. But today, banks are among the biggest gainers so far; HDFC Bank (up 5.1% on the BSE), ICICI Bank (up 3.5%), HDFC (up 3.4%) and SBI (up 2.8%).

11:36 AM - Polaris will face immediate resistance at Rs 116-127, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock has completely bottomed out, he adds. It is currently trading at Rs 99.50, down 1.2% on the BSE.

11:29 AM - The next 12-18 months will be tough for the equities, says Vallabh Bhansali of ENAM, on CNBC-TV18. The market will diverge from concerns on monetary policy, he says.

11:22 AM - The support for Nifty comes between 4,076 and 4,160, says Neppolian Pillai, technical analyst, on CNBC-TV18. If these levels hold, then one will see the market going up, he adds.

11:14 AM - The Nifty may go as low as 3600 now and as high as 4700 now, says Sushil Kedia of K&A Securities, on CNBC Awaaz.

11:07 AM - If Punj Lloyd can cross Rs 270-280, then one will see a good upmove here, possibly to Rs 325-350, says Rajat Bose, technical analyst, on CNBC Awaaz. So one can buy the stock even at current levels, he suggests. It is currrently trading at Rs 256.90, up 6% on the BSE.

10:59 AM - The market is not only trading firm, but also adding on to its gains. Sensex is at 14,109, up 317 points from the previous close. Nifty is at 4264, up 75 points. CNX Midcap index is up 1.8% and BSE Smallcap index, up 1.5%. Banking, metal and realty stocks are leading the rally, while FMCG stocks are under slight selling pressure.

10:52 AM - Punjab Tractors is rangebound between its support of Rs 211 and resistance of Rs 300, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 224.85, up 4.3% on the BSE.

10:44 AM - Banks still look like an attractive buy at lower levels, atleast for a trading bounce, says Neppollian Pillai, technical analyst, on CNBC-TV18. BSE Bankex is up 3.4% currently.

10:36 AM - Cairn India has support at Rs 180 and resistance at Rs 235, says Ashwani Gujral, technical analyst, on CNBC Awaaz. As long as crude oil proices remain soft, weakness will be seen in this stock, he adds. It is currently trading at Rs 224.10, down 1.8% on the BSE.

10:27 AM - A week back India was unsure whether a central goverment would prevail and about where crude oil prices were headed, says PN Vijay, Portfolio Manager, on CNBC-TV18. But after the UPA win and oil prices falling to $121, the market is in a healthy environment and one can start building portfolio, he explains. The market would start an upward trend in four months time, he adds. He sees the Nifty at 5000 by the end of the year.

10:20 AM - PNB Gilts will face resistance at Rs 32, where one is advised to book profits, says Ashwani Gujral, technical analyst, on CNBC Awaaz. In a market as uncertain as this, stock prices can fall easily, he adds. It is currently trading at Rs 28.30, up 3.1% on the BSE.

10:12 AM - If Punj Lloyd moves above Rs 265, then it can certainly go up to Rs 307, says Neppollian Pillai, technical analyst, on CNBC-TV18. It has support at Rs 247, he adds. It is currently trading at Rs 259.25, up 7% on the BSE.

10:04 AM - Polaris will face resistance at Rs 117, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 82, he adds. It is currently trading at Rs 101.45, up 0.7% on the BSE.

9:57 AM - The market has opened with a gap up on Wednesday. Sensex is at 14,049, up 257 points from the previous close. Nifty is at 4261, up 71 points.

9:54 AM - Higher input costs will keep the Tata Motors stock under pressure, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 370, but if this breaks, then it can fall to Rs 300, he adds. For now, two-wheelers look better than four-wheelers, he says. Tata Motors is at Rs 396.80 on the BSE.

9:50 AM - One can look at buing ITC at Rs 160 or so for a target price of Rs 215-220, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is at Rs 189.90 on the BSE.

9:45 AM - Nifty will face resistance at 4295-4300 today, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. But as long as it remains above 4225, it will remain strong, he adds. One may see buying coming in oil marketing companies like HPCL, BPCL and IOC, he says.

9:39 AM - The market may open higher today, due to positive global cues, says Ashish Kapoor, CEO, Investshoppe, on CNBC Awaaz. But selling pressure will be seen at higher levels, he adds. The market may see a flat to positive close today, he says.

9:32 AM - If the Nifty can cross 4280-4300, then one may see the pullback that started from 3800, continuing, says Ashwani Gujral, technical analyst, on CNBC Awaaz. But then again, since the pullback seems to be losing steam, there is a possibility that the Nifty re-tests 3800, he adds.

ninad avasare
Doubling Stocks