4:02 PM - It was a quiet yet steady session for the market ahead of the RBI monetary policy tomorrow. Sensex closed today at 14349, up 74 points and Nifty at 4332, up 20 points from the previous close. The CNX Midcaps index closed up 0.74% and BSE Smallcaps index was up 1.98%. The market breadth was positive with advances at 862 against declines of 384 on the NSE. Nifty gainers included Tata Power, L&T and ACC while losers included ABB, Sterlite and Tata Communications.

3:56 PM - Nifty may touch 5000 in the next few months as the political scenario has stabilized, says Harish Sharma of Edelweiss, on CNBC TV18. Valuations seem to have bottomed out and the scenario now looks positive with the market currently witnessing consolidation, he adds. The results have been in line with expectations and the market will continue to see an up move in the months to come, he says.

3:51 PM - The market may see a swift correction if the RBI implements a 50 bps CRR hike tomorrow, says Sandeep Shenoy of Pinc Research, on NDTV Profit. The market has factored in a 25 bps hike but is looking for an excuse to correct, he adds.

3:47 PM - The market is relatively safe till 4200 is maintained on Nifty and 13700 on Sensex, says Rahul Mohinder, technical analyst, on CNBC TV18. One can continue to maintain long positions for now and Reliance Industries and ONGC are good stocks to buy at current levels, he adds.

3:41 PM - Buy Reliance Industries on all declines as its fundamentals continue to be good and one cannot ignore this stock, says Sandeep Shenoy of Pinc Research, on NDTV Profit. The stock is currently trading at Rs 2175, up 1.29% on the BSE.

3:34 PM - It was a fairly good day for the market today. Sensex closed at 14336, up 61 points (provisional) and Nifty at 4330, up 18 points (provisional) from the previous close. The CNX Midcaps index closed up 0.65% and BSE Smallcaps index was up 2%. The market breadth was positive with advances at 849 against declines of 396 on the NSE.

3:31 PM - MRPL will face resistance at Rs 75-76, says MB Singh, technical analyst, on Zee Business. SO one can buy it at Rs 60 or at Rs 76-77, he suggests. It is currently trading at Rs 67, up 0.52% on the BSE.

3:25 PM - Polaris has seen big volumes and there may be some steam left in the stock but one must maintain a stop loss of Rs 90, says Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently trading at Rs 97, up 22.19% on the BSE.

3:23 PM - In the larger PSU banking space, SBI and BoB are a buy call for the long term, says Ambareesh Baliga of Karvy Stock Broking on NDTV Profit. In the smaller private banking space, Dhanalakhsmi Bank looks good and may see a foreign takeover, he adds.

3:17 PM - Cadila Healthcare has support at Rs 260 and resistance at Rs 330-350, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. One can play this range; buy at lower levels and sell at the higher, he suggests. The stock is currently trading at Rs 297, down 0.60% on the BSE.

3:10 PM - The market is likely to be in a range of 4200-4600 for the Nifty next month, says Ambareesh Baliga of Karvy Stock Broking on NDTV Profit. The August series is expected to be positive with a steady upward bias even though there are no news flows, he adds.

3:03 PM - The European markets are trading weak while the Indian market continues to add some gain. Sensex is trading at 14365, up 90 points and Nifty is at 4334, up 22 points from the previous close. The CNX Midcaps index is up 0.86% and BSE Smallcaps index is up 1.93%. The market breadth is positive with advances at 877 against declines of 358 on the NSE.

2:53 PM - The RBI may hike CRR by 25 bps tomorrow, says Shashank Khade of Kotak Securities, on CNBC TV18. The market has factored in this hike but may be disappointed if the monetary policy is more hawkish, he adds.

2:45 PM - L&T has posted 33% increase in standalone net profit at Rs 502 crore versus Rs 376 crore for Q1 FY09, 53% increase in standalone net sales at Rs 6901 crore versus Rs 4505 crore and other income is at Rs 201 crore versus Rs 211 crore, reports CNBC Awaaz. The stock is currently trading at Rs 2742, up 4.43% on the BSE.

2:36 PM - Cairn India is a good stock for the long term with a target price of Rs 300 in 12 months, says an expert from India Infoline, on CNBC Awaaz. The stock is currently trading at Rs 227, up 2.32% on the BSE.

2:28 PM - Hindalco has posted Q1 FY09 net profit at Rs 697 crore versus Rs 603 crore, net sales at Rs 4647 crore versus Rs 4685 crore and other income at Rs 214 crore versus Rs 124 crore, reports CNBC TV18. The stock is currently trading at Rs 147, down 1.46% on the BSE.

2:20 PM - The market is trading in a range and if Nifty is able to hold 4250 then one can expect to see last week's high, says Hitendra Vasudeo, technical analyst, on CNBC TV18. Nifty has stiff resistance at 4385, he adds.

2:11 PM - HDFC Bank has posted 44% increase in Q1FY09 net profit at Rs 464 crore versus Rs 321 crore, NII at Rs 1723 crore versus Rs 1042 crore and other income at Rs 593 crore versus Rs 515 crore, reports CNBC TV18. It has reported an investment revaluation loss of Rs 77 crore. The stock is currently trading at Rs 1130, up 0.28% on the BSE.

2:01 PM - The European markets are trading flat. The Indian market is able to hold on to its gains. Sensex is trading at 14382, up 107 points and Nifty is at 4343, up 31 points from the previous close. The CNX Midcaps index is up 0.93% and BSE Smallcaps index is up 1.64%. The market breadth is positive with advances at 870 against declines of 348 on the NSE.

1:52 PM - Rupee may depreciate further to 45.40 per dollar by December this year, says Suresh Mahadevan of UBS Securities, on CNBC-TV18. And by December 2009, the brokerage sees it at 50 per dollar, he adds.

1:44 PM - Marico is a good stock to have in one's portfolio in the FMCG space with growth prospects of 20-22% in a year, says a technical expert on CNBC Awaaz. The stock is currently trading at Rs 57, up 2.05% on the BSE.

1:35 PM - Indraprastha Gas has critical support at Rs 100, says MB Singh, technical analyst, on Zee Business. One can hold it keeping a stoploss of Rs 95, he suggests. Once it moves above Rs 115, one may see it go to Rs 135-140 too, he adds. It is currently trading at Rs 109.90, up 0.6% on the BSE.

1:26 PM - Tata Tea consolidated net profit is at Rs 75.7 crore versus Rs 45.7 crore and net sales is at Rs 1134 crore versus Rs 1018 crore, reports CNBC TV18. The stock is currently trading at Rs 784, up 0.95% on the BSE.

1:16 PM - Exit HFCL Ltd. at current level and switch to Reliance Capital which is likely to offer better prospects, says Rajesh Tambe of Sunchan Securities on Zee Business. The stock is currently trading at Rs 17, up 13.3% on BSE.

1:08 PM - The Asian markets are trading in mixed. The European markets are trading weak. The Indian market is having a quiet session. Sensex is trading at 14321, up 46 points and Nifty is at 4322, up 10 points from the previous close. The CNX Midcaps index is up 1% and BSE Smallcaps index is up 1.7%. The market breadth is positive with advances at 838 against declines of 365 on the NSE.

12:56 PM - One can look at buying Siemens at Rs 470-475 for a good upmove, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 563, up 1.9% on the BSE.

12:49 PM - Sun Pharma will face strong resistance at Rs 1,500-1,525, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. It has support at Rs 1,370, he adds. The stock is currently tarding at Rs 1,400, down 1% on the BSE.

12:41 PM - Cipla seems to be trading in a range of Rs 205-245, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. If it moves above Rs 245, then it can rally to Rs 280, he adds. It can be a good buy at lower levels lie Rs 210-215, he suggests. The stock is currently trading at Rs 227.15, up 0.7% on the BSE.

12:35 PM - BHEL has a good short term support at Rs 1,520, where one can buy the stock, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 1,698, up 2.6% on the BSE.

12:27 PM - L&T can go up to Rs 3,000-3,200 in the next 6-9 months, says Ambareesh Baliga of Karvy Stock Broking, on Zee Business. The stock is currently trading at Rs 2,732up over 4% on the BSE.

12:20 PM - ONGC will continue to face resistance level at Rs 1,000-1,100, says MB Singh, technical analyst, on Zee Business. It can fall to Rs 900 on a correction, he adds.

12:09 PM - If Alstom Projects moves above Rs 460, then one can buy for a target of Rs 600-625, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 420.10, down 2% on the BSE.

11:56 AM - If SAIL moves above Rs 150, then it can go up to Rs 175-180, says MB Singh, technical analyst, on Zee Business. It has support at Rs 120-122, so one can hold keeping a stoploss below these levels, he adds. It is currently trading at Rs 137.95, down 0.9% on the BSE.

11:48 AM - Gujarat NRE Coke can show good upside only after it crosses Rs Rs 140-145, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 116.05, down 0.2% on the BSE.

11:41 AM - Sterlite Industries' pattern has turned negative since it fell from its support of Rs 690, says MB Singh, technical analyst, on Zee Business. Do not invest now, as the stock can fall further, maybe to Rs 520-525, he suggests. It is currently trading at Rs 582.50, down 3.4% on the BSE.

11:33 AM - UBS Securities has reduced its Sensex December 2008 target to 15,500 from 19,600, having accounted for weaker rupee and slightly slower growth, says Suresh Mahadevan from the brokerage, on CNBC-TV18. The brokerage sees GDP growth slowing from 8% to 7.1 - 7.2% over the next two years, he adds.

11:26 AM - The market is still trading flattish, but with a positive bias. Sensex is at 14,267, down 7 points from the previous close. Nifty is at 4316, up 5 points. Capital goods, realty and FMCG stocks are attracting buying, while banking, metal and IT stocks are seeing selling pressure.

11:18 AM - Avoid RPL for now, says MB Singh, technical analyst, on Zee Business. If the stock falls below and continues to stay below Rs 160, then it may see much more downside, he adds. If you are holding it, then do so with a stoploss at Rs 155, he suggests. It is currently trading at Rs 161.20, up 1% on the BSE.

11:11 AM - Ispat Industries is rangebound now, between Rs 18 and Rs 26, says MB Singh, technical analyst, on Zee Business. If it manages to cross Rs 26, then it can go up to Rs 33-34, he adds. But the chart patterns are not very bullish here, he adds. The stock is currently trading at Rs 25.85, up 1.2% on the BSE.

11:04 AM - The monetary policy this week will be of little help to the market, says Anand Tandon of BRICS Securities, on CNBC-TV18. The only thing that could be of a little help would be a fall in commodity prices, he says. Overall, the fiscal pressures are still significant, he adds.

10:57 AM - If Nagarjuna Fertiliers can hold Rs 33-30, then it can move up to Rs 50-56, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 38.10, up 0.9% on the BSE.

10:49 AM - Axis Bank has target of Rs 805 and support at 670, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 707.50, down 0.7% on the BSE.

10:42 AM - If Godrej Industries can cross Rs 190 decisively, then one can see it go to Rs 230-235, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 181.70, up 3.2% on the BSE.

10:35 AM - Bongaigaon Refinery has target of Rs 80-92, says Ashwani Gujral, technical analyst, on CNBC-TV18. It has support at Rs 53, he adds. It is currently trading at Rs 62.65, up 3.5% on the BSE.

10:28 AM - If ICICI Bank breaks Rs 615 on the downside, then it can fall to Rs 550, possibly even 475, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock must be exited on all rallies, he suggests. It is currently trading at Rs 633, down 3.6% on the BSE.

10:20 AM - The upmove in steel stocks seems to have halted for now, says Prakash Gaba, technical analyst, on CNBC Awaaz. So it is the time to take profits here, he suggests. One can short here after the upmove resumes here, he adds. Tata Steel (down 0.7% on the BSE) can now fall to Rs 600 and SAIL (down 0.9%), to Rs 100 or so, he says.

10:13 AM - Sugar stocks are showing some strength on the charts, says Ashwani Gujral, technical analyst, on CNBC-TV18. Shree Renuka Sugars has support at Rs 103 and once it crosses Rs 139, expect it to move up to Rs 154, he adds. The stock is currently trading at Rs 125.40, up 1.2% on the BSE.

10:06 AM - A target of Rs 165-170 is possible on Bajaj Hindusthan, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 154.50, up 2.3% on the BSE.

9:57 AM - The market has opened flattish on Monday. Sensex is at 14,281, up just 6 points from the previous close. Nifty is at 4314, up 3 points.

9:54 AM - Once Punj Lloyd moves above Rs 285, it can go up to Rs 355-360, says Ashwani Gujral, technical analyst, on CNBC-TV18. It has support at Rs 230, he adds. The stock is at Rs 254.30 on the BSE.

9:47 AM - The market continues to be in an intermediate uptrend, but the Nifty can correct to 4200-4150, says Ashwani Gujral, technical analyst, on CNBC-TV18. But expect another leg up, which could take the Nifty to 4650-4700, he adds.

9:42 AM - Capital goods stocks have started looking weak now, says Prakash Gaba, technical analyst, on CNBC Awaaz. L&T can probably fall to Rs 2,500, he adds. The stock is at Rs 2,625.60 on the BSE.

9:37 AM - If Sterlite Industries can sustain Rs 600, then expect it to bounce, says Prakash Gaba, technical analyst, on CNBC Awaaz. An aggresive trader can buy there, he suggests. The stock is at Rs 603.20 on the BSE.