4:05 PM - The Asian markets closed mixed while European markets rallied higher. The Indian market also traded firm on account of short selling. Sensex shut shop at 10683, up 460 points and Nifty at 3234, up 112 points from the previous close. CNX Midcap index was up 2.99% and BSE Smallcap index was up 2.03%. BSE Realty index was up 8% and BSE IT index was up 6%. The market breadth was positive with advances at 916 against declines of 343 on the NSE. Top Nifty gainers included TCS, Reliance Communications and Tata Steel while losers included Idea, Sun Pharma and Hindalco.

4:00 PM - Buy Reliance Industries with a target price of Rs 1450-1500, says Nishant Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 1340, he adds. The stock is currently trading at Rs 1397, up 5.73% on the BSE.

3:58 PM - Buy KS Oil with a target price of Rs 70 in 12-24 months, says Jagdish Thakkar, technical analyst, on Zee Business. The stock is currently trading at Rs 47, up 2.15% on the BSE.

3:55 PM - Buy Rolta with a target price of Rs 225, says Nishant Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 168, he adds. The stock is currently trading at Rs 179, down 3.56% on the BSE.

3:50 PM - Buy Gujarat NRE Coke with a target price of Rs 71 in 12-24 months, says Jagdish Thakkar, technical analyst, on Zee Business. The stock is currently trading at Rs 33, down 0.90% on the BSE.

3:47 PM - The market is seeing a short covering rally with genuine buying in some pockets, says Gaurang Shah of Geojit Financials on NDTV Profit. It is advisable to book some profits and take long positions only if Nifty closes above 3285 decisively, he adds.

3:42 PM - It was a good day for the Indian market that witnessed a strong short covering rally led by the realty sector. Sensex closed trading at 10710, up 487 points (provisional) and Nifty at 3244, up 122 points (provisional) from the previous close. CNX Midcap index was up 3.31% and BSE Smallcap index was up 2.29%. BSE Realty index was up 9%. The market breadth was positive with advances at 906 against declines of 357 on the NSE.

3:34 PM - Hold Nifty long with stop loss of 3100 and target of 3440, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.

3:32 PM - Hold Nifty long with stop loss of 3160 and target of 3276 and 3410, says Anil Maghnani, technical analyst, on CNBC-TV18, as closing market strategy.

3:29 PM - This looks like a short covering rally and one can book profits off the table now, says Vijay Bhambwani, technical analyst, on CNBC-TV18. Unless Nifty closes decisively over 3325 on a closing basis it is not a conclusive rally, he adds.

3:22 PM - Angel Broking has a 'buy' rating on Patel Engineering with a target price of Rs 316 in 12 months, reports Zee Business. The company has a strong order book of Rs 6301 crore and the stock is currently trading at Rs 176, up 3.87% on the BSE.

3:15 PM - Sell Tata Steel with a target price of Rs 274, says Simi Bhaumik, technical analyst, on Zee Business. Maintain a stop loss of Rs 259, he adds. The stock is currently trading at Rs 270, up 7.4% on the BSE.

3:09 PM - The market continues to trade firm. Sensex is trading at 10641, up 418 points and Nifty is at 3217, up 94 points from the previous close. CNX Midcap index is up 2.34% and BSE Smallcap index is up 1.55%. The market breadth is positive with advances at 879 against declines of 363 on the NSE.

2:54 PM - Buy Karnataka Bank with a target price of Rs 102-120, says Prasad Kushe of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 80, he adds. The stock is currently trading at Rs 88, up 2.27% on the BSE.

2:50 PM - Angel Broking has a 'buy' rating on FAG Bearing with a target price of Rs 350 in 12 months, reports Zee Business. The stock is currently trading at Rs 271, up 2.09% on the BSE.

2:41 PM - Buy RPL with a target price of Rs 150 in 12-24 months, says Jagdish Thakkar, technical analyst, on Zee Business. The stock is currently trading at Rs 102, up 2.14% on the BSE.

2:34 PM - Buy Havells India with a target price of Rs 260-282, says Prasad Kushe of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 225, he adds. The stock is currently trading at Rs 230, up 1.7% on the BSE.

2:27 PM - Buy HCC with a target price of Rs 70 in 12-24 months, says Jagdish Thakkar, technical analyst, on Zee Business. The stock is currently trading at Rs 46, up 4.71% on the BSE.

2:21 PM - The market is showing important retracement and there is still some more steam left, says E Mathew, technical analyst, on CNBC TV18. The market has made an important 'temporary' bottom and Nifty now has resistance at 3500 if it closes above 3240, he says.

2:15 PM - Good results from the corporate world has boosted sentiments and the market is looking good. Sensex is trading at 10715, up 492 points and Nifty is at 3245, up 122 points from the previous close. CNX Midcap index is up 2.57% and BSE Smallcap index is up 1.43%. BSE Realty index is up 8%, BSE IT index up 7% and BSE Tech index and BSE Power index both up almost 5%. The market breadth is positive with advances at 901 against declines of 331 on the NSE.

2:07 PM - Buy Sesa Goa with a target price of Rs 164 in 12-24 months, says Jagdish Thakkar, technical analyst, on Zee Business. The stock is currently trading at Rs 83, up 4.10% on the BSE.

1:57 PM - Buy Cairn India with a target price of Rs 193-220, says Prasad Kushe of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 165, he adds. The stock is currently trading at Rs 173, down 6.4% on the BSE.

1:50 PM - Buy Suzlon with a target price of Rs 135 in 12-24 months, says Jagdish Thakkar, technical analyst, on Zee Business. The stock is currently trading at Rs 90, up 6.67% on the BSE.

1:44 PM - Sell Rolta with a target price of Rs 152, says Prasad Kushe of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 190, he adds. The stock is currently trading at Rs 182, down 2.44% on the BSE.

1:34 PM - Buy Aptech with a target price of Rs 105 in 12-24 months, says Jagdish Thakkar, technical analyst, on Zee Business. The stock is currently trading at Rs 80, down 0.31% on the BSE.

1:26 PM - Angel Broking has a 'buy' rating on Tata Motors with a target price of Rs 445, reports Zee Business. The stock is currently trading at Rs 248, down 1.93% on the BSE.

1:19 PM - KR Choksey Research has a 'buy' rating on Everest Kanto, with a target price of Rs 345, reports Zee Business. The stock is currently trading at Rs 189, down 0.39% on the BSE.

1:11 PM - The Asian markets are trading mixed while European markets have opened firm. The Indian market is seeing a slightly choppy session. Sensex is trading at 10471, up 248 points and Nifty is at 3167, up 45 points from the previous close. CNX Midcap index is up 1.87% and BSE Smallcap index is up 1.45%. The market breadth is positive with advances at 897 against declines of 315 on the NSE.

1:01 PM - Emkay has upgraded Elecon Engineering to 'buy' rating, with target price of Rs 82, reports CNBC-TV18. The stock is currently trading at Rs 46, up 1.9% on the BSE.

12:53 PM - UBS maintains 'buy' rating on Idea, with price target Rs 150, reports CNBC-TV18. The stock is currently trading at Rs 55.45, down over 10% on the BSE.

12:46 PM - BHEL's technical charts do not look good and it can fall further from here, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. In capital goods, look at L&T close to Rs 700, he suggests. BHEL is currently trading at Rs 1,137.25, up 3.7% on the BSE.

12:38 PM - Morgan Stanley has a 'buy' rating on Biocon, with a target price of Rs 159.50, reports CNBC Awaaz. The stock is currently trading at Rs 122.40, up 2.2% on the BSE.

12:28 PM - Karvy Stock Broking has a 'buy' rating on Patel Engineering, with a target price of Rs 366, reports CNBC Awaaz. The stock is currently trading at Rs 177, up 4.5% on the BSE.

12:22 PM - Global funds are redeeming about $40-50 billion from the markets, says Rohit Aggarwal, Managing Director at Ras Capital Management, on CNBC-TV18. And the redemptions will continue till Q1 and Q2 of next year, he adds. He believes that there will be some closures of BRICS and India-specific funds too and one would see fund flows returning to India by June 2009.

12:14 PM - The going is still strong for the market. Sensex is at 10,600, up 377 points from the previous close. Nifty is at 3212, up 89 points. Consumer durable, IT and realty stocks are leading the market.

12:06 PM - Merrill Lynch has a 'buy' rating on Biocon, with a target price of Rs 205, reports CNBC Awaaz. The stock is currently trading at Rs 123.50, up 3.1% on the BSE.

11:57 AM - IVRCL Infra may take support at Rs 110-112, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. On the upside, it can go to Rs 160-180, where one should book profits, he suggests. It is currently trading at Rs 132.45, up 3.2% on the BSE.

11:48 AM - Karvy Stock Broking recommends 'buy' on Concor, with a target price of Rs 956, reports CNBC Awaaz. The stock is currently trading at Rs 721.20, up 0.2% on the BSE.

11:40 AM - CLSA has a 'buy' rating on Ultratech Cement, with a target price of Rs 575, reports CNBC Awaaz. The stock is currently trading at Rs 370, up 0.5% on the BSE.

11:33 AM - The risk-reward ratio in RPL looks good here, says Vijay Bhambwani, tchnical analyst, on CNBC Awaaz. It can fall maximum of 10-15% from here, he says. But if one can hold the stock for a year, then should make good gains, he suggests. It is currently trading at Rs 103, up 2.5% on the BSE.

11:25 AM - The Nifty is following a certain pattern and the market will bottom out in short term, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. But it's not the end of bear market yet, though volatility will continue, he adds. He advises investors to stay on the sidelines, if the market comes down.

11:17 AM - The market is trading higher. Sensex is at 10,478, up 255 points from the previous close. Nifty is at 3190, up 68 points. BSE Midcap and BSE Smallcap indexes are up 1.6% each. Buying is seen across the board, with realty, consumer durables, IT and capital goods stocks seeing good buying interest.

11:11 AM - RBI's aggressive Repo rate cut is positive for the money markets, says Rajeev Malik of Macquarie Capital Services, on CNBC-TV18. He expects 100-150 bps CRR cut by March and another 100 bps Repo rate cut by April. Also expect SLR to be cut by 3-4% points going forward, he adds.

11:03 AM - Citigroup has a 'sell' rating on Biocon, with a target price of Rs 122, reports CNBC Awaaz. The stock is currently trading at Rs 124, up 3.5% on the BSE.

10:55 AM - HDFC Bank has an upside potential of 15-20% from here, says Hardik Jain of ISJ Securities, on CNBC Awaaz. So it can go up to Rs 1,220-1,225, he adds. The stock is at Rs 1,095, up 0.9% on the BSE.

10:47 AM - The market is now in a trading range of 9,000-11,000, says Nilesh Shah of Envision Capital, on CNBC-TV18. But he fears a lower trading range soon. The sentiment has been reversed and there may be a rally, but would not last for more than 1 or 2 sessions, he says. There's no evidence visible, neither fundamental nor technical, that suggest the market has seen the worst, he adds.

10:39 AM - Hero Honda can correct further from here and possibily go down to Rs 750-720, says Hardik Jain of ISJ Securities, on CNBC Awaaz. The stock is at Rs 815, up 1.3% on the BSE.

10:31 AM - SBI now has the potential to go up to Rs 1,650, says Hardik Jain of ISJ Securities, on CNBC Awaaz. It has support at Rs 1,390, he adds. The stock is at Rs 1,428, down 0.4% on the BSE.

10:24 AM - The four IT heavyweights are giving buy signals, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. A short term trader can look at Satyam Computer now, he suggests. TCS and Wipro are also giving signals of bottoming out, he adds. Infosys can run up too from the current levels, he adds.

10:17 AM - BHEL will now face resistance at Rs 1,220, says Hardik Jain of ISJ Securities, on CNBC Awaaz. The stock will have a trend reversal only after it moves above this level, he adds. It is at Rs 1,130, up 3.1% on the BSE.

10:11 AM - PL Research has a 'buy' rating on Axis Bank, with a 12-18 month target of Rs 850, reports Zee Business. The stock is currently trading at Rs 627, up 1.6% on the BSE.

10:02 AM - The market has opened higher on Tuesday. Sensex is at 10,370, up 147 points from the previous close. Nifty is at 3154, up 32 points.

9:55 AM - Nifty may move up to 3500, but it will face very strong resistance there, says Sudarshan Sukhani, technical analyst, on CNBC-TV18.

9:48 AM - Sugar stocks like Balrampur Chini and Bajaj Hindusthan have further downside of 20-25% from here, says Hardik Jain of ISJ Securities, on CNBC Awaaz. It is best to sell these stocks on rise, he suggests.

9:41 AM - Infosys can go up to Rs 1,500 in this momentum, but it will face resistance there, says Hardik Jain of ISJ Securities, on CNBC Awaaz. On the downside, it has support at Rs 1,050, he adds. The stock is at Rs 1,297.80, up 7.9% on the BSE.

9:34 AM - The market may open higher today, says Hardik Jain of ISJ Securities, on CNBC Awaaz. So a pullback to 3400 on the Nifty cannot be ruled out, but there will be resistance at that level, he says. So in the next 6-9 months, one can expect the Nifty to remain in the range of 2800-3650, he adds.


ninad avasare
Doubling Stocks