3:50 PM - The market was circumspect today ahead of the vote of confidence, which is to take place between 5-6 pm tommorrow. Most of the trading session saw a volatile market, but it started gaining late afternoon, due to short covering. Sensex ended at 13,850, up 214 points from the previous close. Nifty shut shop at 4159, up 67 points. CNX Midcap index gained 0.3%, while and BSE Smallcap index lost 0.3%. Banking, healthcare, realty and auto stocks rallied today, while capital goods witnessed selling pressure. BSE IT index closed flat. Top Sensex gainers include Cipla, Maruti Suzuki, ICICI Bank, Ranbaxy, while losers were Satyam Computer, Ambuja Cements, L&T and BHEL, among others.

3:45 PM - Public sector banks like SBI, Union Bank and Bank of India are showing good moves, says Hitendra Vasudeo, techncial analyst, on CNBC Awaaz. SBI will face some resistance at Rs 1,400, but can go up to Rs 1,500, he adds. It is at Rs 1,341.95, up over 3% on the BSE.

3:38 PM - One can look at buying IDFC between Rs 87 and Rs 74, which is a good support area for the stock, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is at Rs 93.40, down over 14% on the BSE.

3:32 PM - The market was volatile during the first half of the day, but gained during the second half, thanks to short-covering. Sensex ended at 13,845, up 210 points (provisional) from the previous close. Nifty shut shop at 4158, up 66 points (provisional).

3:26 PM - Hold Nifty Longs with a stoploss of 4110 and target of 4185, says Vijay Bhambwani, technical analyst, as market closing strategy, on CNBC-TV18.

3:22 PM - Hold on to Nifty Longs with a strict stoploss of 4050, says E Mathew, technical analyst, as market closing strategy, on CNBC-TV18.

3:13 PM - Sharekhan recommends 'buy'on ICI India, with a target price of Rs 622, reports CNBC Awaaz. The stock is currently trading at Rs 494.95, down 0.2% on the BSE.

3:04 PM - The high for ONGC stands at about Rs 1,335 to Rs 1,480 and the low at Rs 758 to Rs 820, says Ray Barros, CEO, Ray Barros Trading Group, on CNBC-TV18. It is currently trading at Rs 948.70, up 0.7% on the BSE.

2:57 PM - The mood in the market is circumspect ahead of the trust vote tommorrow and investors are keeping their positions low, say dealers, reports CNBC-TV18. Incremental flows at the FII desk are negative and the buy-sell ratio is at 2:3, they say. Nifty will now face resistance at 4190 and has support at 4000-4100, they say.

2:49 PM - The top for Infosys was at around Rs 2,375 and low at Rs 1,354, says Ray Barros, CEO, Ray Barros Trading Group, on CNBC-TV18. The stock will move to Rs 2375 again, he adds. It is currently trading at Rs 1,554.80, up 0.4% on the BSE.

2:41 PM - Educomp Solutions has a target of Rs 4,051, says an expert from Angel Broking, on CNBC-TV18. The stock is currently trading at Rs 2,919, up 2.4% on the BSE.

2:32 PM - Marico can be a good buy at Rs 52 for 15-18 month target of Rs 65-70, says Vijay Bhambwani, technical analyst, on CNBC-TV18. Keep a stoploss of Rs 40 on a closing basis, he suggests. The stock is currently trading at Rs 54.35, up 0.2% on the BSE.

2:25 PM - India Infoline has a 'buy' rating on Satyam Computer Services, with a year's target price of Rs 445, reports CNBC-TV18. The stock is currently trading at Rs 369.50, down 3.5% on the BSE.

2:18 PM - Simplex Infrastructures has a target price of Rs 566, says an expert from Angel Broking, on CNBC-TV18. The company is expected to have a topline growth of 40% and bottomline growth of 60% in the next couple of years, he adds. It is currently trading at Rs 410, up 0.6% on the BSE.

2:08 PM - Sensex is at 13,728, up 92 points from the previous close. Nifty is at 4114, up 21 points. CNX Midcap index is flat, with a positive bias, while BSE Smallcap index is down 0.7%. Market breadth is negative with 489 advances against 730 declines on the NSE.

2:02 PM - There isn't much clarity in SMS Pharma and one should exit the stock at Rs 280-300, says Shubra Gupta, stock market expert, on Zee Business. The stock is currently trading at Rs 204, down 2.8% on the BSE.

1:55 PM - IFCI is a very volatile stock and there isn't much upside from here in the counter, says Shubra Gupta, stock market expert, on Zee Business. Exit the stock at Rs 45-46, she suggests. It is currently trading at Rs 38.25, down 2.8% on the BSE.

1:48 PM - ICICI Bank looks attractive at current levels for 2-3 years' investment, says Shubra Gupta, stock market expert, on Zee Business. But if one has a short term view, then look at exiting at Rs 670-680, she suggests. It is currently trading at Rs 634.80, up 2.8% on the BSE.

1:40 PM - One should look at exiting Mid-day Multimedia on a rally to Rs 27-30, says Shubra Gupta, stock market expert, on Zee Business. It does not really have an edge over its peers in the media space, she explains. It is currently trading at Rs 23, down 1.5% on the BSE.

1:33 PM - Crude may fall to $123.10 per barrel, but will not tank off there, says Atul Suri of Rare Enterprises, on CNBC-TV18. It will put up another fight from there, he adds.

1:23 PM - European markets are trading lower and the market back home too is losing its gains fast. Sensex is at 13,711, up 75 points from the previous close. Nifty is at 4111, up 18 points. Capital goods, healthcare and FMCG stocks are seeing buying, while cpaital goods and IT stocks are witnessing selling pressure. Market breadth is negative, with 464 advances against 746 declines on the NSE.

1:14 PM - The next quarter earnings are going to be far more significant than this quarter's, as a lot of last year's effect has come through now, says Puneet Nanda of ICICI Prudential, on CNBC-TV18. If people believe that earnings for the next quarter will be okay, then the market will start looking positive, he explains. But currently there's worry about the next quarter earnings, he adds.

1:06 PM - The biggest hell for the market will be from crude, as even if elections are held early, the market won't mind, except for a few first reactions, says Samir Arora of Helios Capital, on CNBC-TV18. Politics is less important right now than crude is, he adds.

12:55 PM - Religare has a 'buy' rating on IDFC, with a target price of Rs 220, reports CNBC-TV18. The stock is currently trading at Rs 95.70, down over 12% on the BSE.

12:47 PM - The bull market has ended and will not resume very soon, says Ramesh Damani, member of the BSE, on CNBC-TV18. The macro economic environment has changed and the indices may not cross the old highs again in 2008, he says. Crude oil prices will be the key to market trend, he adds. Nifty may not cross 4500-5000 if crude remains high, he says.

12:39 PM - The Sensex may not fall beyond 9,000, says Ray Barros, CEO, Ray Barros Trading Group, on CNBC-TV18. He sees a minimum bounce on the Sensex to 14,070, with resistance 15,008. On Nifty, one can expect a minimum bounce to 4450-4470 and maximum to 4650 levels, he adds.

12:30 PM - DCB has good support at Rs 46-42 and will face resistances at Rs 58 and Rs 68, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock might no be able to move above Rs 68, at least in the next 6 months, he adds. It is currently trading at Rs 50.55, down 0.5% on the BSE.

12:22 PM - Kotak Mahindra Bank will face resistance at Rs 545, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. But it has a 6-9 month target of Rs 690, which will also be a resistance, he adds. The stock is currently trading at Rs 478, up 1.7% on the BSE.

12:14 PM - Sensex is currently trading at 13,802, up 167 points from the previous close. Nifty is at 4133, up 41 points. CNX Midcap index is up 0.2%, while BSE Smallcap index is down 0.3%. Banking, healthcare and FMCG stocks are gaining today, while capital goods are seeing some selling pressure.

12:06 PM - UBS has a 'buy' rating on Asian Paints, with a target price of Rs 1,450, reports CNBC-TV18. The stock is currently trading at Rs 1,055, up 0.9% on the BSE.

11:57 AM - One can average ICICI Bank at Rs 550 for 6-8 month target of Rs 825, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is currently trading at Rs 636, up 3% on the BSE.

11:50 AM - If the market remains positive, then Reliance Capital can possibly outperform, says MB Singh, technical analyst, on Zee Business. Once it moves above Rs 1,165-1,170, it will gain further momentum that will take it above Rs 1,400, he adds. The stock is currently trading at Rs 1,075, down 1.7% on the BSE.

11:43 AM - There is weakness on the charts of RPL and it can possibly go down to Rs 110, says MB Singh, technical analyst, on Zee Business. On the upside, it will face strong resistance at Rs 160-162, where one can exit the counter, he adds. As long as it does not move above Rs 170, avoid the stock, he suggests. It is currently trading at Rs 152.40, down 0.9% on the BSE.

11:35 AM - If Dredging Corporation falls below Rs 420, then it can go down to Rs 330-320,where one can average for the long term, says MB Singh, technical analyst, on Zee Business. Until it remains below Rs 530-540, it will be weak, he adds. The stock is currently trading at Rs 464.55, down 1.2% on the BSE.

11:28 AM - Do not try to average Dish TV now, as the entire market is in a downtrend, says MB Singh, technical analyst, on Zee Business. One can cotinue to hold the stock till the market gets a proper direction, he suggests. The stock is currently trading at Rs 27.80, down 1.2% on the BSE.

11:20 AM - Karvy Stock Broking recommends 'buy' on Punjab National Bank, with a target price of Rs 666, reports CNBC-TV18. The stock is currently trading at Rs 457.15, up 3.8% on the BSE.

11:12 AM - The UPA surviving the vote of confidence tommorrow will be a short term positive for the market, says Puneet Nanda of ICICI Prudential, on CNBC-TV18. And there's uncertainity that the government can push reforms despite winning the trust vote, he adds. Market will continue to focus on the macros unless the government makes major policy changes, he says. So for now, crude oil and earnings matter more than politics, he adds.

11:04 AM - The market is still trading int he positive terrain, though off the days high. Sensex is at 13,740, up 104 points from the previous close. Nifty is at 4110, up 18 points. CNX Midcap index is down 0.3% and BSE Smallcap index, down 0.1%.

10:58 AM - If Power Grid can trade above Rs 93, then it will have a target of Rs 105-115, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 87.75, up 0.9% on the BSE.

10:51 AM - The bounceback in Reliance Communications will be short-lived and there is maximum 4-5% upside left in it, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The stock is currently trading at Rs 443.25, up 1.9% on the BSE.

10:43 AM - Hindustan Construction has corrected well and can be a good buy in the infrastructure space now, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The stock is currently trading at Rs 85.30, down 0.6% on the BSE.

10:35 AM - JP Associates can move up to Rs 200 from here, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 156.40, down 2.6% on the BSE.

10:27 AM - Reliance Communications has a short term target of Rs 465, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. If the market remains up, then it can even see levels like Rs 480-485, he adds. The stock is currently trading at Rs 442.90, up 1.8% on the BSE.

10:19 AM - One saw shortcovering taking place in the realty sector in the last few trading sessions, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Expect downside in realty stocks, he says. They should be exited now and not invested in, he suggests. BSE Realty index is down 1.2% currently.

10:10 AM - If JP Associates can cross Rs 169, then one may see good shortcovering coming in here, says Rajat Bose, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 157.90, down 1.7% on the BSE.

10:04 AM - The charts of banking heavyweights like ICICI Bank, HDFC Bank and Axis Bank suggest a possible upside from here, says Rajat Bose, technical analyst, on CNBC-TV18. ICICI Bank can go up to Rs 640-650 and Axis Bank can cross Rs 700, he adds. HDFC Bank may also see another 5-7% rally before any resistance, he addds.

9:57 AM - The market has opened higher on Monday. Sensex is at 13,762, up 126 points from the previous close. Nifty is at 4123, up 31 points.

9:51 AM - Cairn India has good support at Rs 210-215, says Prakash Gaba, technical analyst, on CNBC Awaaz. But avoid it for now, he suggests. The stock is at Rs 220.40 on the BSE.

9:46 AM - In oil, ONGC can see levels of Rs 1,000, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is at Rs 942.60 on the BSE.

9:40 AM - In the capital goods space, BHEL and L&T seem to be safe bets now, says Prakash Gaba, technical analyst, on CNBC Awaaz. BHEL can go up to Rs 1,600 and L&T, to Rs 2,600, he says.

9:35 AM - There sees to be a positive bias in Reliance Communications and it can go up to Rs 480 now, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is at Rs 435.20, up over 4% on the BSE.

ninad avasare
Doubling Stocks