4:01 PM - The European markets were trading higher while the Asian markets closed mixed. The Indian market witnessed profit booking, turned choppy in last hour of trade and closed dull. Sensex shut shop at 15073, up 112 points and Nifty at 4517, up 14 points from the previous close. CNX Midcap index closed marginally in the positive, up 0.03% and BSE Smallcap index was down 0.87%. The market breadth was negative with advances at 567 against declines of 704 on the NSE. Top Nifty gainers included Maruti, Tata Motors and TCS while losers included HCL Technologies, Tata Steel and SAIL.

3:56 PM - Apart from the real estate flavour, there is more happening in Bata, says E Mathew, technical analyst, on CNBC-TV18. The move past Rs 160 is quite important and in the days to come if it is able to consolidate at these levels, then one could look for a minimum upside of around Rs 195-200, he adds. It is currently trading at Rs 167, up 0.06% on the BSE.

3:50 PM - Adlabs has good support around Rs 490-500 and it is likely to move up as the market rallies, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Maintain a stop loss of Rs 490, he adds. The stock is currently trading at Rs 526, down 1.97% on the BSE.

3:41 PM - The market had witnessed a strong and furious rally in the last few days so profit booking was expected which is what the market saw today, says Vibhav Kapoor of IL&FS, on NDTV Profit. The market is discounting the oil situation and going ahead it will be rangebound for a few months, he says. Nifty range would be 4000-4500 with profit booking around 4600 levels, he adds.

3:35 PM - The market turned choppy in last hour of trade and closed weak. Sensex was at 15074, up 113 points (provisional) and Nifty at 4516, up 13 points (provisional) from the previous close. CNX Midcap index closed marginally in the positive, up 0.05% and BSE Smallcap index was down 0.90%. The market breadth was negative with advances at 535 against declines of 735 on the NSE.

3:31 PM - Nifty target for the year end was 5000 but the market could see the same now by September end, says PN Vijay, investment advisor, on CNBC-TV18. Retail investors who were sulking are back and buying on dips now, he says. There is domestic fund buying and FIIs who were shorting the market are also buying, he adds.

3:23 PM - Hold Nifty with stop loss of 4450 and buy Suzlon with a stop loss of Rs 230 and target of Rs 265, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.

3:20 PM - Sensex nearly 395 points and Nifty 100 points off the day's high. Sensex is trading at 15059, up 97 points and Nifty is at 4507, up 4 points from the previous close. CNX Midcap index and BSE Smallcap index are both in the negative. The market breadth has turned negative with advances at 538 against declines of 726 on the NSE.

3:15 PM - The market is in the process of forming a bottom for the long term so it is witnessing some volatility, says Sandeep Shenoy of Pinc Research on NDTV Profit. The recent bounce back was sharp and so an easing of the rally and choppiness was expected, he says. This is not a crisis of confidence but real participation of the stronger hands is still missing, he adds.

3:10 PM - The fundamentals of the market are improving and the overall sentiment for equities is changing globally for the better so one should now buy on dips, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. If Nifty is able to cross the resistance of 4600 there could be a further upside, he adds.

3:04 PM - The market has turned choppy and shed some gains. Sensex is trading at 15111, up 150 points and Nifty is at 4532, up 30 points from the previous close. CNX Midcap index is up 0.61% and BSE Smallcap index is down 0.16%. The market breadth is positive with advances at 651 against declines of 597 on the NSE.

2:56 PM - Escorts has a target price of Rs 100, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Maintain a stop loss of Rs 75, he adds. The stock is currently trading at Rs 88, down 0.85% on the BSE.

2:46 PM - IndusInd Bank has hiked PLR by 75 bps to 17% with effect from August 4, reports NDTV Profit. The stock is currently trading at Rs 67.50, up 4.33% on the BSE. Banking stocks are seeing good interest and the BSE Bankex index is up 3.26%.

2:38 PM - Torrent Power is a hold for now as it has resistance at Rs 125-130, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Maintain a stop loss of Rs 106, he adds. The stock is currently trading at Rs 112, down 0.44% on the BSE.

2:29 PM - Lehman Brothers continues to be overweight on Unitech with a target price of Rs 246, reports CNBC TV18. The stock is currently trading at Rs 183, up 0.77% on the BSE.

2:20 PM - Nagarjuna Constructions is a good buy at current levels as it can offer a 20-25% upside in one year, says Rupa Shah of Finquest, on CNBC Awaaz. The stock is currently trading at Rs 136, up 0.8% on the BSE.

2:12 PM - SEL Manufacturing is a smallcap company that has run up very fast and some amount of pullback is likely, says PK Agarwal of Bonanza Portfolio, on CNBC Awaaz. One should not buy this stock at current levels, he adds. One can buy the stock at Rs 480 and it is currently trading at Rs 577, down 3.5% on the BSE.

2:03 PM - The market continues to look very good. Sensex is trading at 15261, up 300 points and Nifty is at 4572, up 69 points from the previous close. CNX Midcap index is up 1.44% and BSE Smallcap index is up 0.54%. The market breadth is positive with advances at 803 against declines of 441 on the NSE.

1:58 PM - Subhash Projects has bagged orders worth Rs 318 crore, reports CNBC TV18. The stock is currently trading at Rs 189, up 1.72% on the BSE.

1:50 PM - Infosys is seeing slowdown in its hiring trend of employees, says V Balakrishnan, CFO of the company, on NDTV Profit. The company sees wage moderation and decline in attrition rates, he says. It is comfortable with its pricing policy but volume will be a key concern, he says. The company expects the rupee to remain highly volatile going ahead, he adds. The stock is currently trading at Rs 1717, up 2.41% on the BSE.

1:42 PM - The banking sector has taken a hit and going forward will outperform in this market, says Ashish Kukreja, technical analyst, on Zee Business. Dena Bank, UCO Bank and Allahabad Bank are the top picks in the PSU banking space, he adds.

1:34 PM - HCC has bagged orders worth Rs 1398 crore in joint venture with two players, says Praveen Sood, CFO of the company, on NDTV Profit. HCC's share of the order amounts to Rs 629.33 crore and the company's order book is at Rs 11,000 crore with this order, he says. The company targets to have an order book of Rs 16,000 crore by FY09, he added. The stock is currently trading at Rs 102, down 0.92% on the BSE.

1:25 PM - Elecon Engineering has bagged 5 orders worth Rs 524 crore, reports NDTV Profit. The company has an order book of Rs 1800 crore and plans to add orders worth Rs 1000 crore in the next two months. The stock is currently trading at Rs 107, up 5.16% on the BSE.

1:15 PM - India Infoline reduces target of HCL Technologies to Rs 235, reports CNBC TV18. The stock is currently trading at Rs 228, down 5.18% on the BSE.

1:07 PM - The Asian markets are holding steady. The US Fed boost and stellar global cues has the Indian market look very smart. Sensex is trading at 15213, up 252 points and Nifty is at 4558, up 55 points from the previous close. CNX Midcap index is up 1.14% and BSE Smallcap index is up 0.34%. The market breadth is positive with advances at 730 against declines of 51 on the NSE.

12:56 PM - CLSA has kept buy rating on Jammu&Kashmir Bank, with a target of Rs 750, reports CNBC-TV18. The stock is currently trading at Rs 508.10, down 1.3% on the BSE.

12:49 PM - Bank of Baroda has targets of Rs 310-340-380, where a short term investor can look at booking profits, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. A reasonable level to buy or accumulate the stock would be Rs 250, he adds. It is currently trading at Rs 295.50, down 1.1% on the BSE.

12:41 PM - There is an upmove in Ashok Leyland's chart, says E mathew, technical analyst, on CNBC-TV18. If the stock is able to sustain above Rs 32, then it could take you all the way to Rs 38-40, he adds. It is currently trading at Rs 32.70, up 2.7% on the BSE.

12:32 PM - Axis Bank will face strong resistance at Rs 800-840, where short term investors can look at booking profits, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. In the long term, the stock can go up to Rs 926-1,012, he adds. It is currently trading at Rs 787.45, up 3.5% on the BSE.

12:25 PM - HDFC Bank has a target of Rs 1,625 now, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. One can continue to stay invested in it for the long term, as it is a good stock to have in one's portfolio, he suggests. The stock is currently trading at Rs 1,271, up 7.3% on the BSE.

12:18 PM - Angel Broking maintains 'buy' rating on Subros, with a target price of Rs 42, reports CNBC-TV18. The stock is currently trading at Rs 30.40, down 0.8% on the BSE.

12:10 PM - Punjab National Bank will face strong resistance at Rs 570-580, but once it gets past this, it can head to Rs 720, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 520, up 1.9% on the BSE.

12:03 PM - Central Bank of India can go up to Rs 81 in the near term, where one can book profits and switch to better banking stocks, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 65, up 1.3% on the BSE.

11:55 AM - India Capital Markets maintains 'buy' rating on Gayatri Projects, with a target price of Rs 477, reports CNBC Awaaz. The stock is currently trading at Rs 249 on the BSE.

11:46 AM - Hotel Leela is looking reasonably good and there is good trading opportunity here because the stop loss is just about Rs 8 lower from current levels, says E Mathew, technical analyst, on CNBC-TV18. One could see an upside of about Rs 35 from the current levels, he adds. It is currently trading at Rs 33.80 on the BSE.

11:38 AM - Castrol India is expected to see 25% upside in the next 12 months, says Rajen Shah of Angel Broking, on CNBC-TV18. The stock is currently trading at Rs 312, up 1.3% on the BSE.

11:30 AM - It is likely that the market downtrend will resume in September, says Ray Barros, CEO, Ray Barros Trading Group, on CNBC-TV18. This is still a bear market rally and the Sensex will face resistances at 16,300 and 16,590, he says. And it is unlikely that the Sensex will break these levels on the upside, he adds. On the downside, if it breaks 12,000, then 9200 is also possible, he says.

11:22 AM - The cement space may see supply kicking in from 2009, says PN Vijay, Portfolio Manager, on CNBC-TV18. If one wants to make some short-term positives, then it may be okay, he suggests. But go a bit easy on cement, considering the oversupply, he adds.

11:14 AM - The market is still trading strong. Sensex is at 15,356, up 396 points from the previous close. Nifty is at 4590, up 88 points. CNX Midcap index is up 1.5% and BSE Smallcap index, up 0.7%. Interest rate sensitive sectors like banks, realty, auto and capital goods are driving the market higher, while metal stocks are witnessing selling pressure.

11:07 AM - Apollo Tyres can give 30-35% upside int he next 12 months and about 50% upside in 2 years' time, says Rajen Agarwal of Angel Broking, on CNBC-TV18. He sees its FY09 EPS at Rs 5. The stock is currently trading at Rs 33.70, up 7% on the BSE.

10:59 AM - Karvy Stock Broking maintains 'buy' rating on Mercator Lines, with a target price of Rs 140, rpeorts CNBC-TV18. The stock is currently trading at Rs 94, up 0.8% on the BSE.

10:51 AM - One is seeing only a pullback in crude, but the overall trend is still bullish, says Ray Barros, CEO, Ray Barros Trading Group, on CNBC-TV18. It may hold the levels of $115-116 per barrel and then rally back to $128-133 per barrel, he adds.

10:43 AM - HCL Technologies will face resistance at Rs 285-290 now, says Ashwani Gujral, technical analyst, on CNBC Awaaz. So one can look at booking profits, he suggests. It is currently trading at Rs 236, down 1.9% on the BSE.

10:36 AM - ICICI Bank moved above Rs 684 and this means that there is still some more steam left in the stock, says E Mathew, technical analyst, on CNBC-TV18. It is currently trading at Rs 739, up 6.6% on the BSE.

10:29 AM - The Nifty will hit 5000 by the end of September, says PN Vijay, Portfolio Manager, on CNBC-TV18. This is more of a localised rally, but there has been quite a lot of buying from the FIIs as well, he says. For now, among rate sensitives, the safest pick would be the banking stocks, he says.

10:21 AM - Indian Bank now has a target of Rs 134-135, says E Mathew, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 124.80, up 5.7% on the BSE.

10:13 AM - One should stay away or book profits in Nifty now and look at getting back into it at 4400 or so, says E Mathew, technical analyst, on CNBC-TV18.

10:05 AM - Metals will weaken going forward, so look at exiting metal stocks now, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Instead, try to enter into stocks of those companies that use metal, he suggests.

9:57 AM - The market has opened with a huge gap up on Wednesday. Sensex is well above 15,000, at 15,349, up 348 points from the previous close. Nifty is at 4595, up 92 points.

9:54 AM - The minimum target for the Nifty is 4620 now, says E Mathew, technical analyst, on CNBC-TV18. But there may be a few hiccups at 4550, he adds. Even if the market sees a retracement, 4320 on the Nifty should hold, he says.

9:47 AM - Crude oil will weaken if it continues to trade below $120 per barrel, says Ashwani Gujral, technical analyst, on CNBC Awaaz. In that case, BPCL has a target of Rs 380 and HPCL, of Rs 270, he says. But if crude closes above $120 per barrel consistently, then these trades should be closed, he suggests.

9:40 AM - One can make money in interest rate sensitive sectors like banks, realty and auto now, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Defensives like FMCG and pharma will take a backseat, he adds.

9:33 AM - The Nifty now has target of 4650-4700, and is taking support at 4400, says Ashwani Gujral, technical analyst, on CNBC Awaaz. But one still can't say that the bull run has started and there is still caution in the air, he says.

ninad avasare
Doubling Stocks