It was a good day for Asian markets as China slashed lending rates by the most in past 11 years

4:00 PM - It was a good day for Asian markets as China slashed lending rates by the most in past 11 years thus boosting market sentiments. The Indian market played catch-up today and rallied in last hour of trade to close at the high point of the day. Banking and metal stocks led the rally. Sensex shut shop at 9026, up 331 points and Nifty at 2752, up 98 points from the previous close. CNX Midcap index was up 0.59% and BSE Smallcap index was down 0.56%. BSE Bankex index was up 6% and BSE Metal index up 3.5%. The market breadth was negative with advances at 509 against declines of 717 on the NSE. Top Nifty gainers included ICICI Bank, HDFC Bank and SAIL while losers included Siemens, Unitech and Suzlon.

3:55 PM - Buy Nalco with a target price of Rs 195-204, says Husseini Wadharia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 165, he adds. The stock is currently trading at Rs 188, up 6.4% on the BSE.

3:52 PM - Buy Sintex Industries with a target of Rs 220 in 12 months, says Daljeet Singh Kohli of Emkay Shares and Stock Brokers, on CNBC TV18. The stock is currently trading at Rs 162, up 2.86% on the BSE.

3:50 PM - Buy ONGC around Rs 700 with a target price of Rs 725-740, says Husseini Wadharia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 680, he adds. The stock is currently trading at Rs 700, up 2.11% on the BSE.

3:45 PM - The market may rally in December and one can be positive in the power space - buy Tata Power, Reliance Power and NTPC, says Rajat Bose, technical analyst, on CNBC TV18. One can also be positive on banking space in SBI and HDFC Bank, he adds.

3:42 PM - The market ended at the day's high, led by banking stocks ahead of inflation numbers tomorrow. Sensex closed at 9011, up 315 points (provisional) and Nifty at 2752, up 98 points (provisional) from the previous close. CNX Midcap index was up 0.57% and BSE Smallcap index was down 0.46%. The market breadth was negative with advances at 531 against declines of 692 on the NSE.

3:31 PM - Hold on to Nifty long with stop loss of 2730 and target of 2970, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.

3:29 PM - The market has given short-term trade buying opportunity for the first time in 10 days, Nifty is headed for 2909-2958 if it breaches 2784, says Anil Maghnani, technical analyst, on CNBC TV18, as closing market strategy.

3:26 PM - These are not normal times as news from the US tends to change the picture swiftly for the world markets, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. Nifty has resistance at 2900 and one should book partial profits at these levels, he adds.

3:23 PM - The market seems to have made a bottom and Nifty around 2450 is a good bottom for December, says Deven Choksey of KR Choksey, on CNBC-TV18. Nifty has resistance at 2950-3000 and if it sustains these levels for a few days in December then stability will return in second half of the month, he adds.

3:21 PM - Buy FDC around Rs 26 with a target price of Rs 32, says Neerja Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 22, she adds. The stock is currently trading at Rs 27, up 0.18 on the BSE.

3:16 PM - Sell Maruti Suzuki with a target price of Rs 500-480, says Husseini Wadharia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 540, he adds. The stock is currently trading at Rs 527, down 1.4% on the BSE.

3:11 PM - Buy NTPC around Rs 150 with a target price of Rs 175, says Neerja Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 135, she adds. The stock is currently trading at Rs 160, up 4.62% on the BSE. Sensex crosses 9000, is trading at 9015, up 320 points.

3:05 PM - Sell Reliance Communications with a target price of Rs 182-174, says Husseini Wadharia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 200, he adds. The stock is currently trading at Rs 199, up 1.82% on the BSE.

2:59 PM - The Asian markets closed mixed while European markets are trading weak. The Indian market is looking good as it puts on some more weight. Sensex is trading at 8922, up 227 points and Nifty is at 2722, up 68 points from the previous close. CNX Midcap index is up 0.14% and BSE Smallcap index is down 0.89%. The market breadth is negative with advances at 470 against declines of 736 on the NSE.

2:52 PM - Buy MTNL around Rs 67 with a target price of Rs 76, says Neerja Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 63, she adds. The stock is currently trading at Rs 72, up 1.62% on the BSE.

2:46 PM - China cuts CRR by 100bps, reports NDTV Profit. China cuts one year lending rate to 5.58% versus 6.66%. China cuts one year deposit rate to 2.5% versus 3.6%.

2:41 PM - Sell SBI with a target price of Rs 1000-970, says Husseini Wadharia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 1100, he adds. The stock is currently trading at Rs 1076, up 0.36% on the BSE.

2:36 PM - Buy Andhra Bank around Rs 50 with a target price of Rs 61, says Neerja Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 45, she adds. The stock is currently trading at Rs 51, down 1.15% on the BSE.

2:31 PM - Credit Suisse maintains an outperformer rating and recommends buy on Infosys with a target of Rs 1650, reports NDTV Profit. The stock is currently trading at Rs 1154, down 2.20% on the BSE.

2:24 PM - Hold Titan Industries as it has a short-term target of Rs 910 and medium term target of Rs 1060, says Jatindar Sharma, technical analyst, on CNBC TV18. Maintain a stop loss of Rs 825, he adds. The stock is currently trading at Rs 886, up 0.49% on the BSE.

2:18 PM - Credit Suisse maintains an outperformer rating and recommends buy on TCS with a target of Rs 725, reports NDTV Profit. The stock is currently trading at Rs 509, up 1.26% on the BSE.

2:10 PM - The market is volatile ahead of F&O expiry tomorrow, says Rajesh Baheti, technical analyst, on CNBC TV18. One can expect a rally post the F&O expiry as market will then take the positive global cues, he feels. Nifty could rally to 3000 in a jiffy, as bear market pullback rallies can surprise easily, he adds.

2:05 PM - The market has turned choppy. Sensex is trading at 8782, up 87 points and Nifty is at 2686, up 32 points from the previous close. CNX Midcap index is down 0.63% and BSE Smallcap index is up 1.21%. The market breadth is negative with advances at 393 against declines of 797 on the NSE.

1:53 PM - Buy Titan Industries around Rs 850 with a target price of Rs 1000, says Neerja Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 820, she adds. The stock is currently trading at Rs 886, up 0.49% on the BSE.

1:46 PM - Credit Suisse maintains an outperformer rating and recommends buy on Wipro with a target of Rs 340, reports NDTV Profit. The stock is currently trading at Rs 238, up 4.22% on the BSE.

1:40 PM - Sell Jindal Steel with a target of Rs 620, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 694, down 1.57% on the BSE.

1:33 PM - Buy Tata Power on dips as it has a medium term target of Rs 920-930, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 641, down 1.6% on the BSE.

1:26 PM - Emkay Shares and Stock Brokers maintains a buy call on BHEL with a target of Rs 1520, reports Zee Business. The stock is currently trading at Rs 1265, down 1.36% on the BSE.

1:22 PM - Hold Akruti City as it has a medium term target of Rs 720-725, says Jatindar Sharma, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 620, he adds. The stock is currently trading at Rs 670, up 3.12% on the BSE.

1:15 PM - The Asian markets are trading firm. The Indian market has turned slightly choppy. Sensex is trading at 8748, up 52 points and Nifty is at 2668, up 14 points from the previous close. CNX Midcap index is down 0.80% and BSE Smallcap index is down 1.10%. The market breadth is negative with advances at 368 against declines of 798 on the NSE.

1:06 PM - Macquarie Research has an 'underperformer' rating on Siemens, with a target of Rs 214, reports CNBC-TV18. The stock is at Rs 225.90, down 15.7% on the BSE.

12:58 PM - NTPC has support at Rs 135-140, where one can look at buying the stock, says Prakash Gaba, technical analyst, on CNBC Awaaz. On the upside, it will face resistance at Rs 170, he adds. The stock is currently trading at Rs 153, down 0.4% on the BSE.

12:50 PM - Indiabulls Securities has upgraded its rating on Patni Computer Systems to buy with a target price of Rs 142, reports CNBC-TV18. The stock is at Rs 121.75, up 3.2% on the BSE.

12:42 PM - GMR Infrastructure looks weak on technical charts, says Prakash Gaba, technical analyst, on CNBC Awaaz. It will face strong resistance at Rs 75, where one can look to sell it, he suggests. For now, hold with a stoploss of Rs 50, he adds. The stock is currently trading at Rs 53.90, down 1.3% on the BSE.

12:34 PM - It is best to exit DLF now, says Prakash Gaba, technical analyst, on CNBC Awaaz. Do not buy or average the stock here, as there's further weakness here, he suggests. It is currently trading at Rs 187.40, down 0.4% on the BSE.

12:26 PM - SAIL is weak, but can go up to Rs 80 on a bounce, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 64.20, up 1.3% on the BSE.

12:17 PM - Pranav Securities has a 'sell' rating on Grasim, with a target price of Rs 824, reports CNBC Awaaz. The stock is currently trading at Rs 893.10, down 0.4% on the BSE.

12:10 PM - One can buy GVK Power at Rs 12-10 and sell at Rs 20, which is a strong resistance, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 16.43, up 0.7% on the BSE.

12:03 PM - Look at exiting IDFC at Rs 64-65, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 50.20, down 1.7% on the BSE.

11:56 AM - RNRL has a weak structure, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has strong resistance at Rs 45 and then at Rs 54, he adds. Look at exiting the stock at resistance levels, he suggests. It is currently trading at Rs 39.55, down 0.9% on the BSE.

11:49 AM - Sensex and Nifty must re-test supports before consolidating, says Darryl Guppy of guppytraders.com, on CNBC-TV18. Nifty has support at 2400 and will face resistance at 2900-3600, he adds. And Sensex has a strong support band at 7,600-8,500, he says.

11:41 AM - In banks, heavyweights like SBI, HDFC and HDFC Bank may crack heavily in the next few days, says Neppolian Pillai, technical analyst, on CNBC-TV18. And ICICI Bank does not dictate the trend of the sector anymore, he adds.

11:33 AM - Sesa Goa has not yet bottomed out, says Prakash Gaba, technical analyst, on CNBC Awaaz. On the upside, it will face strong resistance at Rs 70, he adds. The stock is currently trading at Rs 66.50, down 3.2% on the BSE.

11:25 AM - JP Associates looks weak techically, says Prakash Gaba, technical analyst, on CNBC Awaaz. Do not look at buying it now, as it can fall to Rs 33, he suggests. The stock is currently trading at Rs 54.85, down 0.3% on the BSE.

11:17 AM - Reliance Industries is in a strong downtrend and will face resistance at Rs 1,450, says Darryl Guppy of guppytraders.com, on CNBC-TV18. It has support at Rs 1,000-950, he adds. But its technical target comes at Rs 750, he says. The stock is currently trading at Rs 1,070.10, down 1.2% on the BSE.

11:10 AM - Realty market is due for a correction, given the demand and affordability, says Tushar Poddar of Goldman Sachs (India), on CNBC-TV18. Estimate 30% fall in real estate prices for affordability to catch up, he adds. Construction activity will slow, which will impact a sizeable portion of the economy, he says.

11:02 AM - The market has slipped into the negatve terrain. Sensex is at 8,685, down 10 points from the previous close. Nifty is flat at 2653. BSE Midcap index is down 0.8% and BSE Smallcap index, down 0.6%. FMCG and oil & gas stocks are seeing some buying, whereas realty, capital goods and power stocks are being dumped.

10:56 AM - United Spirits has support at Rs 675 and will face resistance at Rs 975, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 822.10, down 2.6% on the BSE.

10:49 AM - Axis Bank can fall to Rs 276, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 374, down 2.1% on the BSE.

10:42 AM - Crude now has support at $48 and then at $41, says Darryl Guppy of guppytraders.com, on CNBC-TV18. On the upside, it has resistance at $69-71, he adds.

10:34 AM - Voltas is looking weak and it may fall to Rs 32, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 52.50 on the BSE.

10:27 AM - There's more downside in Tata Motors and it can fall to Rs 120, says Ashwani Gujral, technical analyst, on CNBC Awaaz. On the upside, it may not be able to go beyond Rs 145-150, he adds. The stock is currently trading at Rs 136.40, up 0.4% on the BSE.

10:18 AM - If SBI falls below Rs 1,021, then it can fall to Rs 995, says Neppolian Pillai, technical analyst, on CNBC-TV18. But the fall may not end there and it may eventually slip to Rs 650, he adds. The stock is currently trading at Rs 1,059.95, down 1.1% on the BSE.

10:11 AM - GVK Power seems to have good support at Rs 12-10, says Neppolian Pillai, technical analyst, on CNBC-TV18. But it needs to convincingly move beyond Rs 20 to show strength and have targets of Rs 24-30, he adds. The stock is at Rs 16.31, up 8.3% on the BSE.

10:03 AM - The market has opened slightly higher on Wednesday, led up mainly by the financials. Sensex is at 8,764, up 69 points from the previous close. Nifty is at 2672, up 18 points.

9:57 AM - SBI can probably fall to Rs 980, says Ashwani Gujral, technical analyst, on CNBC Awaaz. On the upside, it will face resistance at Rs 1,180-1,185, he adds. The stock is at Rs 1,072.15 on the BSE.

9:50 AM - The Nifty may not be able to go beyond 2950 now, says Neppolian Pillai, technical analyst, on CNBC-TV18. On the downside, the support for it would come at 1800 or so and for the Sensex, at 7,200, he adds.

9:44 AM - Reliance Industries has resistance at Rs 1,190 now, says Ashwani Gujral, technical analyst, on CNBC Awaaz. On the downside, if it falls below Rs 1,030, then it can go down till Rs 930, he adds. The stock is at Rs 1,071.70, down 6.4% on the BSE.

9:37 AM - Global cues do not seem to help now and smart money is selling into the market on gap ups, says Ashwani Gujral, technical analyst, on CNBC Awaaz. For now, the Nifty is in the range of 2500-2800, he adds.

ninad avasare
Doubling Stocks