It was a flattish week for the Indian market

4:30 PM - It was a flattish week for the Indian market as the global crisis deepened with no clarity in sight. The world markets struggled to deal with the gravity of the financial crisis. It was a bad week for Dalal Street and the poor weekly figures are: Sensex was down 5.5%, Nifty down 5%. BSE Midcap index and BSE Smallcap index both down 3.5% over the week. BSE Realty index was down 14%, BSE Consumer Goods index down 9%, BSE Auto index down 8.5%, BSE Bankex down 7%, BSE Power index down 6%, BSE Oil & Gas index down 5.2%, BSE Metal index down 4.8% and BSE IT index down 2.5%.

4:26 PM - The Asian markets closed with a short covering rally while European markets were trading firm. The Indian market continued to perform badly with a volatile session towards close. Sensex shut shop at 9385, down 150 points and Nifty at 2810, down 38 points from the previous close. CNX Midcap index was down 2% and BSE Smallcap index was down 1.27%. The market breadth was negative with advances at 354 against declines of 898 on the NSE. Top Nifty gainers included Bharati Airtel, Tata Communications and Cairn while losers included ACC, Tata Motors and Unitech.

4:20 PM - Emkay Shares and Securities maintains a buy call on RCom with a target of Rs 272, reports Zee Business. The stock is currently trading at Rs 219, up 1.88% on the BSE.

4:16 PM - Buy BoI with a target of Rs 330 in one to two months, says Neera Jain of crnindia.com, on CNBC Awaaz. Maintain a stop loss of Rs 220, she adds. The stock is currently trading at Rs 276, up 1.34% on the BSE.

4:12 PM - Emkay Shares and Securities maintains a buy call on BHEL with a target of Rs 1520, reports Zee Business. The stock is currently trading at Rs 1280, down 4.26% on the BSE.

4:05 PM - Buy GVK Power around Rs 15 with a target of Rs 23-28, says Sanjeev Agarwal of Globe Capital, on CNBC Awaaz. The stock is currently trading at Rs 16, down 10.82% on the BSE.

3:59 PM - Angel Broking maintains a buy call on Lanco Infra with a target of Rs 320, reports Zee Business. The stock is currently trading at Rs 145, down 11.9% on the BSE.

3:56 PM - Buy Torrent Power with a target of Rs 95 in one to two months, says Neera Jain of crnindia.com, on CNBC Awaaz. Maintain a stop loss of Rs 70, she adds. The stock is currently trading at Rs 77, down 3.02% on the BSE.

3:50 PM - Karvy Stock Broking maintains a buy call on Andhra Bank with a target of Rs 96 in 12-18 months, reports Zee Business. The stock is currently trading at Rs 51, up 0.49% on the BSE.

3:45 PM - Next week Nifty needs to hold above 2810 for the short-term uptrend to continue, says E Mathew, technical analyst, on CNBC TV18. If the important level of 2810 is broken, Nifty will possibly slide to 2500, he adds.

3:39 PM - It has been a bad day for the Indian market despite positive global cues. Sensex closed at 9408, down 127 points and Nifty at 2823, down 25 points from the previous close. CNX Midcap index was down 2.17% and BSE Smallcap index was down 1.19%. The market breadth was negative with advances at 376 against declines of 870 on the NSE.

3:34 PM - Cover all short positions in the weekend, says Rajat Bose, technical analyst, on CNBC TV18 as closing market strategy. No longs to be carried either, he adds.

3:30 PM - Nifty has critical support at 2810, says E Mathew, technical analyst, on CNBC TV18. If Nifty closes below 2810 on a weekly basis then it will be one more nail in the coffin for the bulls, he says. Next week will be important and bulls will need to hold out 2810 and take it up to 3200 zone, he adds.

3:28 PM - Sell Lanco Infra with a target of Rs 157-150, says Tejas Nandu, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 171, he adds. The stock is currently trading at Rs 144, down 12.52% on the BSE.

3:25 PM - The market is looking for direction but unable to find one, says Nitin Raheja, technical analyst, on CNBC TV18. If the market has to bottom out, chartically it has to retest the October lows and maybe even penetrate that, he adds.

3:18 PM - Buy BoB with a target of Rs 340 in two to three months, says Neera Jain of crnindia.com, on CNBC Awaaz. Maintain a stop loss of Rs 220, she adds. The stock is currently trading at Rs 276, down 2.09% on the BSE.

3:12 PM - In the current market scenario, FMCG and pharma sectors seem safe defensive plays and one can be overweight on the same, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The pharma sector looks good as volumes have been stable and profit margins are likely to move up on account of currency front while the FMCG space has posted stable growth and decent results, he adds.

3:07 PM - The market continues to remain weak as long as it trades below 3050-3060 on Nifty, says Ashwani Gujral, technical analyst, on CNBC TV18. The market needs to retest the October lows, he adds. The trigger for shorts to come back in would be 2860 on Nifty, he feels.

3:01 PM - The market continues to trade weak. Sensex is trading at 9448, down 88 points and Nifty is at 2834, down 14 points from the previous close. CNX Midcap index is down 1.53% and BSE Smallcap index is down 0.97%. The market breadth is negative with advances at 424 against declines of 803 on the NSE.

ninad avasare
Doubling Stocks
2:56 PM - Pinc Research maintains a buy call on Rain Commodities with a target of Rs 300 in 12-18 months, reports Zee Business. The stock is currently trading at Rs 116, up 2.41% on the BSE.

2:48 PM - Sell SAIL with a target of Rs 65-62, says Tejas Nandu, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 72.20, he adds. The stock is currently trading at Rs 69, down 2.85% on the BSE.

2:42 PM - Buy Alstom Projects with a target of Rs 360 in one to two months, says Neera Jain of crnindia.com, on CNBC Awaaz. Maintain a stop loss of Rs 220, she adds. The stock is currently trading at Rs 264, down 3.21% on the BSE.

2:36 PM - Escorts Securities maintains a buy call on Gitanjali Gems with a target of Rs 120 in 8-12 months, reports Zee Business. The stock is currently trading at Rs 71, down 10.59% on the BSE.

2:28 PM - Sell SBI with a target of Rs 1159-1146, says Tejas Nandu, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 1192, he adds. The stock is currently trading at Rs 1180, up 0.38% on the BSE.

2:23 PM - Buy ICSA with a target of Rs 280 in one to two months, says Neera Jain of crnindia.com, on CNBC Awaaz. Maintain a stop loss of Rs 185, she adds. The stock is currently trading at Rs 196, down 1.88% on the BSE.

2:17 PM - Sharekhan maintains a buy call on Corporation Bank with a target of Rs 321, reports Zee Business. The stock is currently trading at Rs 210, down 2.09% on the BSE.

2:10 PM - There is more pain ahead for the market, says Hemant Thukral, technical analyst, on CNBC TV18. If Nifty breaches 2740 then it will break all the way to 2510-2525, he adds.

2:00 PM - The Asian markets are trading mixed while European markets are trading positive. The Indian market continues to slip and has turned for the worse. Sensex is trading at 9340, down 195 points and Nifty is at 2796, down 52 points from the previous close. CNX Midcap index is down 1.25% and BSE Smallcap index is down 0.78%. All sectoral indices are in the negative with autos and metals taking a beating.

1:52 PM - Sell GAIL if a stop loss of Rs 200 is triggered but if it holds above it, then it has a target of Rs 250, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 202, down 1.05% on the BSE.

1:44 PM - Emkay Shares and Securities maintains a buy call on Tata Motors with a target of Rs 383, reports Zee Business. The stock is currently trading at Rs 141, down 5.45% on the BSE.

1:36 PM - Hold BEML with a target of Rs 450-500 in 18-24 months, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 242, down 0.84% on the BSE.

1:29 PM - Sell Union Bank and switch to better banking stocks like BoB, Canara Bank and Axis Bank for the long term, says Rajesh Tambe of Sunchan Securities, on Zee Business. Union Bank is currently trading at Rs 158, up 0.57% on the BSE.

1:21 PM - Hem Securities maintains sell call on DLF with a target of Rs 235, reports CNBC Awaaz. The stock is currently trading at Rs 242, down 0.84% on the BSE.

1:13 PM - The Asian markets are trading positive. Strong global cues are unable to lifts spirits on the Indian market that has turned choppy. Sensex is trading at 9450, down 84 points and Nifty is at 2836, down 12 points from the previous close. CNX Midcap index is down 0.83% and BSE Smallcap index is down 0.62%. The market breadth is negative with advances at 418 against declines of 772 on the NSE.

1:02 PM - India Infoline maintains sell call on Lupin with a target of Rs 550, reports CNBC Awaaz. The stock is currently trading at Rs 586, down 3.57% on the BSE.

12:55 PM - India Cements does have some support at Rs 72, but if this breaks, it can fall to Rs 45, says Prakash Gaba, technical analyst, on CNBC Awaaz. On the upside, it will face strong resistance at Rs 90, he adds. The stock is currently trading at Rs 84.20 on the BSE.

12:48 PM - One may look a buying Reliance Industries, once it falls to Rs 960 or probably even to Rs 860, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1,112.35, down 4.3% on the BSE.

12:40 PM - DLF is a sell now, says Rahul Mohindar, technical analyst, on CNBC-TV18. The sector is beaten down heavily and one can expect Rs 20-25 slide in the stock in the short term, he adds. It is currently trading at Rs 237.50, down 2.9% on the BSE.

12:33 PM - Infosys can fall to Rs 980 and in a very bad market condition, maybe even to Rs 780, says Prakash Gaba, technical analyst, on CNBC Awaaz. Look at adding at these levels, he suggests. The stock is currently trading at Rs 1,232.25, down over 2% on the BSE.

12:26 PM - Look at exiting Reliance Power at Rs 120-125 and stay out of it, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 111.45, up 1.9% on the BSE.

12:18 PM - The market is close to the day's lows. Sensex is at 9,379, down 157 points from the previous close. Nifty is at 2821, down 27 points. All BSE sectoral indices are now trading in the negative terrain, with BSE Consumer Good, BSE OilGas, BSE Auto and BSE Metal being beaten down the most.

12:13 PM - One can short Axis Bank at current levels, says Simi Bhaumik, technical analyst, on Zee Business. She has a target price of Rs 475 on the stock. It is currently trading at Rs 499.50, down 5% on the BSE.

12:07 PM - Zee Entertainment looks weak on the charts and will face very strong resistance at Rs 150, says Prakash Gaba, technical analyst, on CNBC Awaaz. On the downside, it can fall to Rs 93 or even more, he adds. The stock is currently trading at Rs 111.90, down 6.7% on the BSE.

12:00 PM - World economies are not done with de-leveraging process yet, and there may be continued pressure on emerging markets, says Christian Goldsmith, International Investment Specialist, Fortis Investments, on CNBC-TV18. But their currencies look attractive in the long term despite near-term pressures, he adds.

11:52 AM - Buy DLF for a target price of Rs 414, says KR Choksey Research, reports CNBC-TV18. The stock is currently trading at Rs 244, down 0.3% on the BSE.

11:44 AM - Reliance Industries looks weak on the technical charts, says Prakash Gaba, technical analyst, on CNBC Awaaz. It can re-test Rs 965 and if this breaks, then it can fall to Rs 860, he adds. The stock is currently trading at Rs 1,111.35, down 4.4% on the BSE.

11:37 AM - The market is likely to retest October lows, says Amit Khurana, Head of Equities at Collins Stewart Singapore, on CNBC-TV18. He sees Nifty range of 2600-3200 for the coming days.

11:31 AM - Hem Securities has a 'sell' rating on Punjab National Bank, with a target price of Rs 450, reports CNBC Awaaz. The stock is currently trading at Rs 472, up 1.7% on the BSE.

11:22 AM - Suzlon has support at Rs 54-55 and will face resistance at Rs 75, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 58.50, up 2.3% on the BSE.

11:14 AM - Reliance Communications will face resistance at Rs 260-265, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 225.50, up 4.5% on the BSE.

11:06 AM - The market is seeing some profit booking now. Key indices have slipped into the negative terrain; Sensex is at 9,488, down 47 points from the previous close. Nifty is at 2850, up just 2 points. BSE Midcap index is down 0.6% and BSE Smallcap index, down 0.2%. Interest rate sensitives like realty and banking stocks are seeing good buying interest, thanks to surprisingly low inflation number that came out yesterday. But oil & gas, IT and capital goods stocks are facing selling pressure.

11:02 AM - Hem Securities has a 'sell' rating on ONGC, with a target price of Rs 690, reports CNBC Awaaz. The stock is currently trading at Rs 725, up 1.9% on the BSE.

10:52 AM - The market will test October lows, says KN Vaidyanathan, CEO of Alchemy Share and Stock Brokers, on CNBC-TV18. But the market will look for liquidity and credit in the system and that is likely to improve, he says.

10:45 AM - KR Choksey Research recommends 'buy' on Gujarat Gas Company, with a target price of Rs 280, reports CNBC-TV18. The stock is at Rs 207, up 0.4% on the BSE.

10:38 AM - Tata Communications looks good among the telecom stocks, says Ashwani Gujral, technical analyst, on CNBC-TV18. It can head to Rs 550-560 in the coming days, he adds. It is currently trading at Rs 501, up 4.6% on the BSE.

10:30 AM - ICICI Bank will face stiff resistance at Rs 480, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is currently trading at Rs 407.90, up 2.5% on the BSE.

10:24 AM - Look at buying Canara Bank for a target price of Rs 220, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 192.85, up 2.1% on the BSE.

10:17 AM - IVRCL has support at Rs 110 and resistance at Rs 160, says Ashwnai Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 137.30, up 4.7% on the BSE.

10:10 AM - HDFC Bank can go up to Rs 1,150, but it will face strong resistance here, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is currently trading at Rs 1,046, up 3.8% on the BSE.

10:02 AM - The market has opened higher on Friday. Sensex is at 9,817, up 281 points from the previous close. Nifty is at 2937, up 88 points.

10:00 AM - If the market treats the inflation number that came out yesterday positively, then SBI can go up to Rs 1,400, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is at Rs 1,175 on the BSE.

9:53 AM - TTML can go up to Rs 23-24 maximum in the next 2 weeks or so, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. Hold, keeping a stoploss of Rs 17, he suggests. It is at Rs 17.99 on the BSE.

9:46 AM - If United Spirits moves above Rs 785, then one can buy the stock, keeping a stoploss of Rs 765, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. Part profit booking can be done at Rs 825 and if it closes above this level today, then look at exiting it at Rs 930-950 next week, he says. The stock is at Rs 771.10 on the BSE.

9:38 AM - Unitech has an important support at Rs 45 and if this holds, then there is a possibility for the stock to go up to Rs 80, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. But if it falls below the support level, then it may re-test Rs 27-26, he adds. The stock is at Rs 49 on the BSE.

9:32 AM - The market might open higher today, but may see weakness by afternoon, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. There is a possiblity that the Nifty falls below 2800 intra-day today, he adds.

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Doubling Stocks