4:11 PM - The Asian markets closed firm (Shanghai was down, plagued by inflation numbers) while European markets were strong. For the Indian market, the start of the week was promising with a strong session today as Nifty closed above 4600. Sensex shut shop at 15503, up 336 points and Nifty at 4620, up 90 points from the previous close. CNX Midcap index was up 1.49% and BSE Smallcap index was up 1.25%. BSE Realty index was up 5.2% and BSE Bankex is up 4.1%. The market breadth was positive with advances at 879 against declines of 382 on the NSE. Top Nifty gainers included Unitech, Maruti and ICICI Bank while losers included Sterlite, TCS and Tata Steel.

4:06 PM - If Reliance Industries crosses Rs 2350 it can go to Rs 2550-2600, says Ashwani Gujral, technical analyst, on CNBC-TV18. Similarly, IDFC has resistance at Rs 132, HCC has resistance at Rs 135 and JP Associates at Rs 210 after which it could go to Rs 245, he adds.

4:02 PM - The market may witness a sell-off if the IIP numbers are bad, says Ambareesh Baliga of Karvy Stock Broking on NDTV Profit. But if the IIP numbers are decent, the market may rally up to 4750-4800 on the Nifty, he adds. BHEL, L&T, Infosys, Satyams and Maruti may still see a 10% upside in a rally, he feels.

3:58 PM - The cracking of crude oil and upward movement of the dollar has aided sentiments in the Indian market, says Dipan Mehta, BSE/NSE Member, on NDTV Profit. The market is in the midst of positive news flows and is likely to rise further, he adds.

3:56 PM - Maruti Suzuki has resistance at Rs 735-740 in the short term, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 715, up 5.27% on the BSE.

3:54 PM - HCC has a target price of Rs 175 in 12 months, says Vikas Sethi, technical analyst, on CNBC TV18. The company has a strong order book of Rs 9,000 crore, he adds. The stock is currently trading at Rs 109, up 8.87% on the BSE.

3:50 PM - In the pharma space, Cipla, Sun Pharma and Lupin look good on the charts and one can look at buying them on declines, says Salil Sharma, technical analyst, on Zee Business.

3:46 PM - Polaris has resistance at Rs 104 in two weeks and if the market rallies further it could go to Rs 116, says Hemen Kapadia, technical analyst, on NDTV Profit. The stock is currently trading at Rs 100, up 1.93% on the BSE.

3:42 PM - Once Tata Steel crosses Rs 680, it will acquire good momentum, says Salil Sharma, technical analyst, on Zee Business. The stock is currently trading at Rs 642, down 1.33% on the BSE.

3:39 PM - ABG Shipyard has a target price of Rs 550 in 12 months, says Vikas Sethi, technical analyst, on CNBC TV18. The company has a strong order book of Rs 10,000 crore, he adds. The stock is currently trading at Rs 378, up 7.55% on the BSE.

3:37 PM - It was a good Monday for the Indian market aided by firm global cues and crude cool off. The market ended at the day's high and Nifty closed above significant level of 4600. Sensex closed at 15497, up 329 points (provisional) and Nifty at 4620, up 90 points (provisional) from the previous close. CNX Midcap index was up 1.41% and BSE Smallcap index was up 1.22%. BSE Realty index was up 5.2% and BSE Bankex was up 3.9%. The market breadth was strong with advances at 867 against declines of 398 on the NSE.

3:30 PM - Shree Renuka Sugars has resistance at Rs 136-140 and if the market rallies further it could go up another 10%, says Hemen Kapadia, technical analyst, on NDTV Profit. The stock is currently trading at Rs 133, up 1.29% on the BSE.

3:28 PM - Buy Nifty for the short term with a stop loss of 4590 and target of Rs 4740, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.

3:26 PM - Hold Nifty long with stop loss of 4582 and target of 4670, buy RIL with a target of Rs 2350, says Vijay Bhambwani, technical analyst, on CNBC-TV18, as closing market strategy.

3:23 PM - ICICI Bank has a further upside and could go to Rs 800 in the short term, says Hemen Kapadia, technical analyst, on NDTV Profit. The stock is currently trading at Rs 774.35, up 6.24% on the BSE.

3:22 PM - If ICICI Bank closes above Rs 740, then its next target will be Rs 780, says Salil Sharma, technical analyst, on Zee Business. The stock is currently trading at Rs 774.35, up 6.24% on the BSE.

3:18 PM - Sharekhan has a buy rating on Mold Tek with a target of Rs 169, reports CNBC TV18. The stock is currently trading at Rs 77, up 8.01% on the BSE.

3:15 PM - Tata Chemicals has a target price of Rs 441 in FY10, says Sumant Kumar of Karvy Stock Broking on CNBC Awaaz. The stock is currently trading at Rs 348, up 0.33% on the BSE.

3:13 PM - If Nifty stays above 4600 for couple of weeks, it could go to 5050-5100, says Ashwani Gujral, technical analyst, on CNBC-TV18. These higher levels may not be inconceivable in the wake of commodity cooling off and dollar going up, he says. Maintain a stop loss of 4400 on the Nifty and all declines are likely to get bought into, he adds.

3:08 PM - The market is at the day's high with a steady session. Sensex is trading at 15503, up 335 points and Nifty is at 4618, up 89 points from the previous close. CNX Midcap index is up 1.52% and BSE Smallcap index is up 1.27%. BSE Bankex is up 3.9% and BSE Realty index is up 4.6%. The market breadth is strong with advances at 925 against declines of 332 on the NSE.

2:58 PM - ONGC will face strong resistance at Rs 1,100, says Salil Sharma, technical analyst, on Zee Business. So it may spend some time here for a while, before it moves again, he adds. The stock is currently trading at Rs 1,088, up 2.3% on the BSE.

2:51 PM - Everonn Systems has a target price of Rs 600 in the short term, says Rajesh Jain if SMC Global, on CNBC TV18. The stock is currently trading at Rs 549, up 3.56% on the BSE.

2:44 PM - Angel Broking has a price target of Rs 249 for Bartronics, reports Zee Business. The stock is currently trading at Rs 180, up 0.78% on the BSE.

2:39 PM - Future Group expansion is on track and the aim is to have 145 stores by the year end, says Kishore Biyani, CEO of the company, on NDTV Profit. The group hopes to have 250 stores and then 320 stores in the future, he adds. Value retail chains can beat inflation, he adds. Pantaloon Retail is currently trading at Rs 401, down 0.57% on the BSE.

2:31 PM - Reliance Industries continues to be a buy for long-term investors and if one has a 24 month-horizon, one can see the stock go to Rs 5000, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 2316, up 2.91% on the BSE.

2:24 PM - Karuturi Global, the world's largest supplier of cut roses, plans to raise $100 million, says KS Ramakrishnan, MD of the company, on CNBC TV18. The company has seen a rise in supply following the hosting of one of the worldÿs largest sporting events, Olympics, and expects to see FY09 net profit of Rs 670 crore in topline and Rs 185 crore in the bottomline from the flower business, he adds. The stock is currently trading at Rs 23.70, up 0.85% on the BSE.

2:17 PM - ICICI Bank could have more upside in the short term, says Shomesh Kumar of Karvy Stock Broking, on CNBC TV18. Hindustan Construction, Unitech and L&T could also offer more gains, he adds.

2:10 PM - Lehman Brothers has an overweight rating on IRB Infra with a target price of Rs 195, reports NDTV Profit. The stock is currently trading at Rs 153, up 4.48% on the BSE.

2:03 PM - The market continues to look good. Sensex is trading at 15439, up 271 points and Nifty is at 4592, up 62 points from the previous close. CNX Midcap index is up 1.52% and BSE Smallcap index is up 1.25%. BSE Bankex is up 3.7% and BSE Realty index is up 3.5%. The market breadth is strong with advances at 922 against declines of 320 on the NSE.

1:56 PM - JP Associates plans to invest Rs 3000 crore towards expanion, reports NDTV Profit. The stock is currently trading at Rs 195, up 6.78% on the BSE.

1:51 PM - This is a bear market rally and there is a strong possibility that the market will revisit the lows of 13800 once more in 2008, says an expert from India Infoline on CNBC TV18. But if crude prices cool off, Sensex could go to 17000, he adds.

1:44 PM - Sharekhan has a buy rating on Tata Tea with a target of Rs 970, reports Zee Business. The stock is currently trading at Rs 731, up 1.49% on the BSE.

1:34 PM - In the power space, PTC and Power Grid are very good buys at current levels for the long term, says Rajesh Tambe of Sunchan Securities, on Zee Business. PTC is currently trading at Rs 87, up 2.15% and Power Grid at Rs 98, up 0.87% on the BSE.

1:27 PM - The government's new urea policy is a positive for fertilizer companies, says Uday Shankar Jha, CMD of RCF, on NDTV Profit. The price band of $250-425/tonne is beneficial for the industry, he feels. RCF is targeting additional capacity expansion of 2.5 lakh tonne, he adds. The stock is currently trading at Rs 71, up 4.14% on the BSE.

1:18 PM - Dish TV has a target price of Rs 100-125 in 12-18 months, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 37, down 0.66% on the BSE.

1:07 PM - The Asian markets are trading mixed but the European markets have opened firm. Crude prices soften and dollar is down. Firm global cues sees a good day for the Indian market. Sensex is trading at 15429, up 261 points and Nifty is at 4595, up 66 points from the previous close. CNX Midcap index is up 1.78% and BSE Smallcap index is up 1.53%. The market breadth is positive with advances at 966 against declines of 267 on the NSE.

12:57 PM - Macro environment for India changing for the better, says Manish Sonthalia, senior VP with Motilal Oswal Securities, on CNBC TV18. The fair price for crude oil should be $75-$97/bbl, he feels. The impact of the sub-prime crisis on the Indian market is limited, he adds.

12:51 PM - Reliance Industries may face resistance at Rs 2,350, but once this is crossed decisively, then it will rally to Rs 2,500, says Salil Sharma, technical analyst, on Zee Business. The stock is currently trading at Rs 2,316.55, up 2.9% on the BSE.

12:44 PM - One can look at investing in sectors like capital goods, IT, banking, power and FMCG with a minimum view of 12-18 months now, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. One can also look at selective stocks in the realty space, he adds.

12:37 PM - GSPL can go up to Rs 80-82, says MB Singh, technical anlayst, on Zee Business. It has support at Rs 50, he adds. The stock is currently trading at Rs 61.25, up 2% on the BSE.

12:31 PM - Religare seems to be a laggard in its space and is moving in a flattish way, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. One can hold the stock for now, with a stoploss of Rs 375, he suggests. It is currently trading at Rs 394.90, up 0.2% on the BSE.

12:25 PM - If the Nifty closes above 4630 today, then that can be considered as a good breakout, says Salil Sharma, technical analyst, on Zee Business. It will also be very good for the intermediate trend of the market, he adds.

12:14 PM - Karvy Stock Broking maintains 'buy' rating on Tata Chemicals, with a target of Rs 441, reports CNBC-TV18. The stock is currently trading at Rs 349.60, up 0.8% on the BSE.

12:05 PM - The market is still trading firm. Sensex is at 15,447, up 280 points from the previous close. Nifty is at 4602, up 73 points. CNX Midcap index is up 1.7% and BSE Smallcap index, up 1.5%. Realty, banking and oil & gas stocks are seeing a good rally and all BSE sectoral indices are trading higher. Market breadth is strong too, with 995 advances against 228 declines on the NSE.

12:01 PM - Indiabulls Securities has targets of Rs 96 and Rs 103 now, says Hitendra Vasudeo, technical anlayst, on CNBC Awaaz. And if the rally extends further, then it can even go up to Rs 120 or so, he adds. So continue to hold the stock for now, he suggests. It is currently trading at Rs 79.45, up 1.9% on the BSE.

11:52 AM - If Ispat Industries moves above Rs 30, then it can rally to Rs 41-42, says MB Singh, technical analyst, on Zee Business. It is currently trading at Rs 28.80, up 1.1% on the BSE.

11:45 AM - The Sensex is likely to consolidate in the 13,500-17,000 range for the next few months, says an expert from Motilal Oswal Securities, on CNBC-TV18. The upside is capped and the market is likely to head to its lows, he adds. Bulk of the bad news is factored in, so the price damage may be over, he says.

11:37 AM - GTL Infra has made a base at Rs 37, but there is still underperformance in the stock, says MB Singh, technical analyst, on Zee Business. So it is advisable to switch from this counter, he suggests. It is currently trading at Rs 39.70, up 1.4% on the BSE.

11:27 AM - GMR Infrastructure can be a good buy at Rs 102-100, keeping a stoploss of Rs 93-94, says MB Singh, technical analyst, on Zee Business. If the rally continues, then the stock can go up to Rs 130-135, he adds. It is currently trading at Rs 106.50, up 4.7% on the BSE.

11:20 AM - An upmove to Rs 1,600 is possible in SBI, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1,576, up 3.6% on the BSE.

11:12 AM - Once Tata Teleservices crosses Rs 31-32, then Rs 35-36 is possible on the counter, says MB Singh, technical analyst, on Zee Business. It has strong support at Rs 26, he adds. So one can continue to hold the stock for now, he suggests. It is currently trading at Rs 29.10, up 3.4% on the BSE.

11:05 AM - Hanung Toys will face some resistance at Rs 210, but once this is crossed, it can go up to Rs 230-235, where one can look at booking profits, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 203, up 2.6% on the BSE.

10:58 AM - An upmove in Noida Toll Bridge is possible and it can go up to Rs 50 or so, says Prakash Gaba, technical analyst, on CNBC Awaaz. One can look at booking profits at higher levels in thsi counter, he suggests. It is currently trading at Rs 44.35, down 1.4% on the BSE.

10:50 AM - Once Cipla moves above Rs 220-225, it can go up to Rs 255-260, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 235.45, up 0.4% on the BSE.

10:42 AM - No domestic news may hamper the upmove in the market in the next two months now, says PN Vijay, Portfolio Manager, on CNBC-TV18. There may only be some negative global cues with respect to decrease in demand and the falling corporate prices, he adds. He is positive on the auto and banking space and says that it is a good time to churn portfolios.

10:34 AM - In capital goods, Voltas will face selling pressure close to Rs 144, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is at Rs 141.30, up 3% on the BSE.

10:26 AM - Sterlite Industries may face some resistance at Rs 640-650, from where it can come down a bit, says Prakash Gaba, technical analyst, on CNBC Awaaz. But once this is crossed decisively, it has a target of Rs 750, he adds. It is currently at Rs 639.85, up 0.1% on the BSE.

10:19 AM - It is important for Reliance Industries to cross 2,325, above which, it will have a target of Rs 2,550, says Prakash Gaba, technical analyst, on CNBC Awaaz. But for the next couple of days or so it might consolidate and possibly even fall to Rs 2,175-2,100, he adds. The stock is currently trading at Rs 2,297.35, up 2.1% on the BSE.

10:12 AM - Cement stocks can move up another 5-7% with the market, says Ambareesh Baliga of Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. Ambuja Cements can go up to Rs 97-98 now, he adds. It is currently trading at Rs 89.10, up 2.4% on the BSE.

10:05 AM - Once Nagarjuna Fertilisers moves above Rs 42, it can go up to Rs 46-47, where one can book profits, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is currently trading at Rs 42.30, up 1.9% on the BSE.

9:58 AM - The market has opened with a gap up on Monday. Sensex is at 15,418, up 250 points from the previous close. Nifty is at 4598, up 68 points.

9:55 AM - Aptech can be a good stock to move into now, as it looks very good on the charts, says Rajat Bose, technical analyst, on CNBC-TV18. The stocks has an immediate target of Rs 251-255 and above, he adds. The stock is at Rs 231.35 on the BSE.

9:51 AM - HDFC Bank may provide a good trading opportunity, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock can move up to Rs 1,350, he adds. It is at Rs 1,280.20 on the BSE.

9:47 AM - The Nifty might see 4600 or higher levels at the opening today, says Rajat Bose, technical anlayst, on CNBC-TV18. But it may face resistance at 4637, he adds. But once this is crossed and sustained, then the levels to watch out for would be 4673, 4695 and 4725, he adds.

9:40 AM - Oil marketing companies like HPCL, BPCL and IOC should be avoided for now, says Prakash Gaba, technical analyst, on CNBC Awaaz. ONGC looks good in the oil pack and can move up to Rs 1,150, he adds. It is at Rs 1,064 on the BSE.

9:33 AM - The market may see a good opening today, says Prakash Gaba, technical analyst, on CNBC Awaaz. The Sensex may take support at 14,990 or so and the next technical target for the index is 15,740, he adds.

ninad avasare
Doubling Stocks