The Asian markets had cracked badly at close

4:01 PM - The Asian markets had cracked badly at close while the European markets were trading flat. The Indian market closed sluggish with no major pain. Sensex closed at 14577, down 78 points and Nifty at 4395, down 18 points from the previous close. CNX Midcap index was up 2.13% and BSE Smallcap index was up 1.77%. The market breadth was positive with advances at 906 against declines of 356 on the NSE. Nifty gainers included HCL Technologies, SAIL and ABB while losers included TCS, BHEL and ONGC.

3:57 PM - This is clearly a bear market rally and one should try and exit at higher levels, says Rajat Bose, technical analyst, on CNBC Awaaz. Since midcap stocks are buzzing and not the large caps, there is reason to be cautious, he adds.

3:55 PM - GMR Infrastructure has support at Rs 95-97 and resistance at Rs 120-125 in the near term, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. The stock has an upward bias and is currently trading at Rs 102, up 2.98% on the BSE.

3:50 PM - Balrampur Chini is seeing a recovery and has support at Rs 74-75 and resistance at Rs 105-110, says Ambareesh Baliga of Karvy Stock Broking, on NDTV Profit. The stock is currently trading at Rs 90, up 1.01% on the BSE.

3:46 PM - HEG has a target of Rs 300 in the near term, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 230 and is currently trading at Rs 239, down 0.56 on the BSE.

3:41 PM - Wellspun Gujarat could move to Rs 404 in the short term, says Hitendra Vasudeo, technical analyst, on CNBC TV18. The stock is currently trading at Rs 352, up 3.88% on the BSE.

3:37 PM - The market closed in the negative with almost no cues towards close. Sensex closed at 14563, down 93 points (provisional) and Nifty at 4386, down 26 points (provisional) from the previous close. CNX Midcap index was up 2.12% and BSE Smallcap index was up 1.71%. The market breadth was positive with advances at 898 against declines of 359 on the NSE.

3:31 PM - Chambal Fertilisers will face resistance at Rs 95-96, says Ashwani Gujral, technical analyst, on CNBC-TV18. It has support at Rs 72, he adds. The stock is currently trading at Rs 82.60, up 1% on the BSE.

3:27 PM - If RPL can move and sustain above Rs 177, then it can go up to Rs 190-195, says MB Singh, technical analyst, on Zee Business. But it will face stiff resistance at Rs 195, he adds. It is currently trading at Rs 173.70, up 2.8% on the BSE.

3:25 PM - Hold Nifty long with a stop loss of 4320 and target of 4620, says E Mathew, technical analyst, on CNBC TV18, as closing market strategy. Buy BHEL at Rs 1680, he adds.

3:22 PM - Buy Sakthi Sugars with a stop loss of Rs 85 and target price of Rs 130, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy. The stock is currently trading at Rs 105, up 5.64% on the BSE.

3:17 PM - Above Rs 170, if Bata crosses Rs 190 decisively, then it can move sharply to Rs 230, says MB Singh, technical analyst, on Zee Business. It has support at Rs 130-135, he adds. It is currently trading at Rs 168.80, up 8.18% on the BSE.

3:13 PM - This is a bear market rally and those stuck at higher levels should use it as an opportunity to exit stocks, says Rajat Bose, technical analyst, on CNBC Awaaz. Nifty is likely to test 4600-4650 this month, he adds.

3:09 PM - The European markets are trading mixed. Weak global cues have added pressure and the Indian market has turned sluggish. Sensex is trading at 14606, down 50 points and Nifty is at 4400, down 12 point from the previous close. CNX Midcap index is up 2.3% and BSE Smallcap index is up 1.8%. The market breadth is positive with advances at 921 against declines of 331 on the NSE.

2:59 PM - In the power space PTC India, in the banking space Axis Bank, in the telecom space, Idea, in the oil and gas space Reliance Capital and other stocks like Punj Lloyd are good stocks to have in one's portfolio for the long term, says Rajesh Tambe of Sunchan Securities, on Zee Business.

2:51 PM - BHEL has bagged an order of Rs 200 crore from Vietnam for power project, reports CNBC TV18. The stock is currently trading at Rs 1727, down 1.63% on the BSE.

2:44 PM - OnMobile Global has support at Rs 491 and resistance at Rs 557, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. The stock has an upward bias and is currently trading at Rs 535, up 3.9% on the BSE.

2:37 PM - Pyramid Saimira is a good value buy at current levels for the long term, says D D Sharma of Anand Rathi Securities, on CNBC Awaaz. The stock is currently trading at Rs 166, down 3.79% on the BSE.

2:30 PM - In the automobiles sector, Hero Honda, Maruti Suzuki and Bajaj Auto could be bought for the long term for decent returns, says a technical analyst of Angel Broking, on Zee Business.

2:23 PM - Morgan Stanley downgrades Reliance Communications with a target price of Rs 509, reports CNBC TV18. The stock is currently trading at Rs 440, up 0.73% on the BSE.

2:15 PM - Omaxe Ltd. has a good land bank but is in an interest rate sensitive sector, in this scenario it is better to book losses and switch to the lowest valuation stock like Hindustan Constructions in the reality sector to play safe, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 128, up 2.36% on the BSE.

2:04 PM - The European markets are trading mixed. The Indian market has turned slightly choppy, slipped into the negative but is back in the positive. Sensex is trading at 14668, up 12 points and Nifty is at 4414, up 1 point from the previous close. CNX Midcap index is up 1.46% and BSE Smallcap index is up 1.60%. The market breadth is strong with advances at 941 against declines of 302 on the NSE.

1:59 PM - Sharekhan has a buy rating on Ranbaxy with a target of Rs 575, reports Zee Business. The stock is currently trading at Rs 520, up 2.16% on the BSE.

1:49 PM - Nifty has support at 4250 and in the present pullback rally it can go to 4550, then 4650-4700, says Ashwani Gujral, technical analyst, on CNBC-TV18. But FIIs continue to sell which is a cause of concern as it translates into an abrupt end to any rally, he explains. The market continues to see short covering on the upside and profit booking on the downside, he adds.

1:42 PM - The market is looking good and has moved into the positive. Sensex is trading at 14683, up 26 points and Nifty is at 4417, up 3 points from the previous close. CNX Midcap index is up 1.52% and BSE Smallcap index is up 1.59%. The market breadth is strong with advances at 935 against declines of 307 on the NSE.

1:33 PM - Pyramid Saimira is likely to see a target price of Rs 350 in one year and so merits a hold for the long term, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 166, down 0.80% on the BSE.

1:24 PM - The market is witnessing a pullback rally that can go to 4750 on the Nifty and 15950-16000 on the Sensex in this scenario, says Anil Maghnani, technical analyst, on CNBC-TV18. But in the face of global uncertainly there will be a lot of dips to reach these levels, he adds.

1:16 PM - Sharekhan has a buy rating on Maruti Suzuki with a target of Rs 865, reports Zee Business. The stock is currently trading at Rs 570, up 1.78% on the BSE.

1:07 PM - The Asian markets are reeling. The Indian market was holding out in the morning but is now slipping. Sensex is trading at 14555, down 101 points and Nifty is at 4377, down 35 points from the previous close. CNX Midcap index is up 0.89% and BSE Smallcap index is up 1.15%. The market breadth is positive with advances at 870 against declines of 363 on the NSE.

12:58 PM - Suzlon seems to have bottomed out for the short term, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. And this time, it may not break Rs 215 on the downside, he adds. On the upside, it can achieve the targets of Rs 275 and Rs 320 in another 1-1.5 months, he says. One can look at buying the stock close to Rs 215, he adds. It is currently trading at Rs 240.20, up 0.6% on the BSE.

12:51 PM - Emkay Global Financial Services has initiated 'buy' rating on Nitin Fire Protection Industries, with a target price of Rs 440, reports CNBC-TV18. The stock is currently trading at Rs 325.30, up 1.5% on the BSE.

12:44 PM - Any positive development in the the ABB stock or the market can take the stock to Rs 945 and possibly even to Rs 1,050, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. It is currently trading at Rs 810, up over 1% on the BSE.

12:34 PM - August can be a no-event month for the market unless the government induces certain sort of events, says Shashank Khade, Kotak Securities, on CNBC-TV18. So it is going to be a correlation with the US markets, he adds. And a relief rally is expected in the US as well, so the Indian market can progress on the recovery path seen since the month of July, he says.

12:28 PM - GHCL has a target of Rs 100-110, says MB Singh, technical analyst, on Zee Business. One can continue to hold the stock with a stoploss of Rs 63-64, he suggests. The stock is currently trading at Rs 74, up over 11% on the BSE.

12:20 PM - If the market recovers well from here, then many defensive stocks may see money moving out of them, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. Torrent Pharma has good buying support at Rs 150-160, but will also face strong resistances at Rs 220 and Rs 260, he adds. So one may want to exit the counter at resistance levels, he suggests. It is currently trading at Rs 187, up 0.6% on the BSE.

12:12 PM - The cause for this relief rally was oil that corrected from $147 per barrel to $120-130, says Shashank Khade, Kotak Securities, on CNBC-TV18. So it will be oil that will drive the market, he adds. So if oil moves below $120, then there's a good chance that the Sensex may go past 15,000, he explains.

12:05 PM - The market is trading in the negative terrain. Sensex is at 14,541, down 114 points from the previous close. Nifty is at 4381, down 32 points. But CNX Midcap index is up 1.1% and BSE Smallcap index, up 1.5%.

11:57 AM - MTNL has support at Rs 95 and target of Rs 125 or so, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 109.45, up 1.6% on the BSE.

11:50 AM - Capital goods companies have extremely good order book positions for at least the next two years, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. And high interest rate scenario will last at most to a year; it will start coming off after that, he adds. So now is a good time to buy into capital goods stocks for the long term, he suggests.

11:43 AM - It is better to take short positions in PSU banks, instead of the private ones, as it will take a lot of money to move the private banks higher, says Ashwani Gujral, technical analyst, on CNBC-TV18. So Indian Bank looks good in this case; it has support at Rs 93 and resistances at Rs 118 and Rs 127, he adds. It is currently trading at Rs 105.50, up 1.4% on the BSE.

11:37 AM - Axis Bank has support at Rs 550-600 and if this holds, then it can rally to Rs 800, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 697, up 2.5% on the BSE.

11:30 AM - Essar Oil will now face resistance at Rs 219-222, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 206.80, up over 4% on the BSE.

11:23 AM - DLF will face stiff resistance at Rs 550, says Ashwani Gujral, technical analyst, on CNBC-TV18. It will take time and better news for the stock to go beyond this level, he adds. It is currently trading at Rs 514.90, down over 1% on the BSE.

11:15 AM - Tata Steel has good support at Rs 575-580, says Ashwani Gujral, technical analyst, on CNBC-TV18. If the market moves up, then this too can move up to Rs 720-725, he adds. The stock is currently trading at Rs 672.55, down 1.2% on the BSE.

11:07 AM - The market is trading flattish. Sensex is at 14,635, down 21 points from the previous close. Nifty is at 4406, down 7 points. CNX Midcap index is up 1.3% and BSE Smallcap index, up 1.5%. All BSE sectorla indices, except that for oil & gas, are trading higher. Consumer durables, banking and realty stocks are the most popular today. But market breadth is strong with 855 advances against 295 declines on the NSE.

11:03 AM - One may find a trading opportunity in Bajaj Hindusthan, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has a possible target of Rs 185, he adds. The stock is currently trading at Rs 170.60, up over 3% on the BSE.

10:57 AM - Voltas can be a good buy between Rs 129 and Rs 120 for a target of Rs 142-146, says Neppolian Pillai of Mordern Shares & Stock Brokers, on CNBC-TV18. The stock is currently trading at Rs 131.80, up 3.3% on the BSE.

10:50 AM - There is more upside possible in the market, says MB Singh, technical analyst, on Zee Business. The Nifty can test 4540 soon, he says. And above that 4700-4750 also seems a fair possibility, he adds. The index has a crucial support at 4150, he says.

10:43 AM - One can look at buying Reliance Communications close to Rs 400, with a stoploss of Rs 385, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It can go up to Rs 455-460, he adds. The stock is currently trading at Rs 443.90, up 1.6% on the BSE.

10:36 AM - The margin pressure on telecom companies will continue to increase now, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The best period for this sector is over 6-8 months back, he adds. A stock like Reliance Communications can just give a trading bounceback for now, he says.

10:29 AM - Unless Reliance Industries moves decisively above Rs 2,365, it will continue to remain under pressure, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2,277, down 1% on the BSE.

10:22 AM - In the capital goods space, L&T has a possible target of Rs 2,800 and BHEL, of Rs 2,000, says Prakash Gaba, technical analyst, on CNBC Awaaz. L&T is currently at Rs 2,700 and BHEL, at Rs 1,778.90, on the BSE.

10:11 AM - SBI now has a possible target of Rs 1,600, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is currently trading at Rs 1,525.95, up 1.7% on the BSE.

10:10 AM - The market may see buying emerging at lower levels again, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. Over the week, the market should be better than what it is now, he adds. The Nifty will start inching towards 4600-4650 now, he adds.

10:03 AM - If Cairn India can move above Rs 245, then it can go up to 265-270, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has support at Rs 225, he adds. But there is some slackness in the counter in the short term, he says. The stock is currently trading at Rs 243.60, up 1.6% on the BSE.

9:57 AM - The market has opened slightly lower on Monday, due to weak global cues and higher crude oil price. Sensex is at 14,594, down 61 points from the previous close. Nifty is at 4393, down 20 points.

9:51 AM - The pullback seen in the market is likely to continue, says Ashwani Gujral, technical analyst, on CNBC-TV18. The Nifty took support at 4250 on Friday and now has target of Rs 4650-4700, he adds.

9:46 AM - In banks, HDFC Bank has support at Rs 1,100 and can bounce from here, says Prakash Gaba, technical analyst, on CNBC Awaaz. ICICI Bank has support at Rs 600, he adds.

9:39 AM - Reliance Industries has taken psychological support at Rs 2,000, says Prakash Gaba, technical analyst, on CNBC Awaaz. It may consolidate at Rs 2,200, but an upmove to Rs 2,450 levels is possible here, he adds. It is at Rs 2,299.75 on the BSE.

9:33 AM - The market may consolidate sideways now, says Prakash Gaba, technical analyst, on CNBC Awaaz. The Sensex may take support at 14,300 and bounce to 15,344, he adds.

ninad avasare
Doubling Stocks