Sensex ended the day at 8,937, down 353 points from the previous close

4:00 PM - It was a choppy session today and poor global cues kept the market in the negative terrain throughout the day. Sensex ended the day at 8,937, down 353 points from the previous close. Nifty shut shop at 2683, down 116 points. BSE Midcap index lost 2.3% and BSE Smallcap index, 2.8%. Selling pressure was seen across the board, but metal, power, IT, banking and capital goods were beaten up the most. Biggest losers on the Sensex include Wipro, ACC, NTPC, Maruti Suzuki and JP Associates, while gainers were Ranbaxy and Reliance Industries.

3:51 PM - If Reliance Industries is not able to hold Rs 1,025, then it may re-test October lows again, says Vijay Bhambwani, techncal analyst, on CNBC-TV18. And also, it will not augur well for the market, he adds. The stock is at Rs 1,153, up 0.9% on the BSE.

3:46 PM - Look at going short in the market at higher levels, says Rahul Mohindar, technical analyst, on CNBC-TV18.

3:38 PM - The market was volatile traded in the negative terrain throughout today. Sensex ended the day at 8,951, down 339 points (provisional) from the previous close. Nifty shut shop at 2686, down 113 points (provisional).

3:27 PM - Short heavyweights if the Nifty slips below 2630, says Anil Maghnani, technical analyst, as a market closing strategy, on CNBC-TV18.

3:24 PM - Maintain short on Nifty; target of 2630, says Rahul Mohindar, technical analyst, as a market closing strategy, on CNBC-TV18.

3:22 PM - Anand Rathi Securities has a 'sell' rating on Infosys, with a target price of Rs 1,130, reports CNBC Awaaz. The stock is currently trading at Rs 1,186, down 3.8% on the BSE.

3:16 PM - Keep a stoploss below Rs 51 in Shree Renuka Sugars and hold, says Simi Bhaumik, technical analyst, on Zee Business. If it does not hold Rs 54, then it will fall to Rs 51, but below this, it will see weakness, she explains. The stock is currently trading at Rs 54.30, up 0.3% on the BSE.

3:10 PM - Sell Siemens; it has a target of Rs 240, and keep a stoploss of Rs 288, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 269.90, down 4.5% on the BSE.

3:02 PM - European markets are trading lower. Back home too, the market is volatile and trading in the negative terrain since morning. Sensex is at 8,941, down 349 points from the previous close. Nifty is at 2686, down 113 points. BSE Midcap index is down 2.2% and BSE Smallcap index, down 2.6%. IT, banking, power, metal and realty stocks are the laggards.

2:58 PM - One can buy Mphasis for a short term target of Rs 195-196, says Jatinder Sharma, Equity Startegies, on CNBC Awaaz. Keep a stoploss of Rs 162, he suggests. It is currently trading at Rs 170, up 3.3% on the BSE.

2:49 PM - If Tata Steel can move above Rs 173, then it can possibly go up Rs 180 intra-day, says Simi Bhaumik, technical analyst, on Zee Business. It has support at Rs 165-160, she adds. The stock is currently trading at Rs 166.10, down 0.1% on the BSE.

2:44 PM - EIH can go up to Rs 114-115 on a rebound, where one should exit the stock, says Jatinder Sharma, Equity Startegies, on CNBC Awaaz. The stock is currently trading at Rs 101.40, up 20% on the BSE.

2:37 PM - Sell Tata Power, keeping a stoploss of Rs 710, for a target of Rs 610 and then Rs 580, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 698.50, down 3.6% on the BSE.

2:31 PM - One can look at going long in Axis Bank at around Rs 450-400, says Rahul Mohindar, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 434, down 4.8% on the BSE.

2:24 PM - Exit GSPL on rallies, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 29.60, on the BSE.

2:17 PM - Anand Rathi Securities has a 'sell' rating on Amtek Auto, with a target price of Rs 45.20, reports CNBC Awaaz. The stock is currently trading at Rs 48.80, down 5% on the BSE.

2:10 PM - One can sell ONGC, keeping a stoploss of Rs 700 and a target of Rs 625, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 684.10, down 2.3% on the BSE.

2:03 PM - Sell NTPC; it has a target of Rs 129, and keep a stoploss of Rs 151, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 143.35, down over 5% on the BSE.

1:57 PM - 3i Infotech will see fresh weakness come in below Rs 36, says Simi Bhaumik, technical analyst, on Zee Business. So exit the stock below Rs 36, she suggests. It is currently trading at Rs 39.25 on the BSE.

1:50 PM - If Reliance Power falls below Rs 100, then one will see fresh weakness come into the stock and it can fall to Rs 81, says Simi Bhaumik, technical analyst, on Zee Business. Also, there are no fresh triggers here, so do not buy it now, she suggests. The stock is currently trading at Rs 104.90, down 3.6% on the BSE.

1:42 PM - Spice Jet should be sold on rallies, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 12.76, down 1.5% on the BSE.

1:35 PM - There is still weakness in the market, says Simi Bhaumik, technical analyst, on Zee Business. Nifty is trying to take support at 2665 and is facing resistance at Rs 2730-2760, she says. It is possible that the index breaks 2600 on the downside in coming days, she adds.

1:28 PM - SMC Global has a 'sell' rating on IDFC, with a target price of Rs 46, reports CNBC Awaaz. The stock is currently trading at Rs 59.70, down 2.1% on the BSE.

1:21 PM - GlaxoSmithKline Pharma has a support base at Rs 950-930, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. If this holds, then one can expect the stock to outperform the market once again and go up to Rs 1,200, he adds. Above Rs 1,200, it can go to Rs 1,500-1,600 in 1-1.5 years' time, he says. The stock is currently trading at Rs 1,075.15, up 1% on the BSE.

1:14 PM - Grasim has support at Rs 830 and will face resistance at Rs 1,200, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Once it moves above Rs 1,200 with good volumes, it will gain further momentum, he adds. It is currently trading at Rs 984.70, down 3.5% on the BSE.

1:06 PM - It is a volatile day for the market. Sensex has slipped below 9,000 again and is trading at 8,945, down 345 points from the previous close. Nifty is at 2700, down 99 points. Banking, IT, power, metal and capital goods are the laggards today.

1:01 PM - India Infoline has a 'sell' rating on Lupin, with a target price of Rs 550, reports CNBC Awaaz. The stock is currently trading at Rs 541, down 2.7% on the BSE.

12:54 PM - Mundra Port has an important support at Rs 280, around which one can look at buying the stock for 3 years or so, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It will face resistance at Rs 460, he adds. Short and medium term investors should stay away from the stock for now, he suggests. It is currently trading at Rs 318.50, down 2.7% on the BSE.

12:47 PM - ABB has support at Rs 380 and resistance at Rs 750, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Hold it for 3-5 years for good gains, he suggests. The stock is currently trading at Rs 415.90, down 6.7% on the BSE.

12:40 PM - Canara Bank has support at Rs 135 and will face resistance at Rs 230, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Hold it for long term for good gains, he suggests. The stock is currently trading at Rs 167.75, down 5.7% on the BSE.

12:32 PM - Emkay Research has a 'buy' rating on BHEL, with a target price of Rs 1,520, reports Zee Business. The stock is at Rs 1,259.70, down 2.6% on the BSE.

12:24 PM - Hold Crompton Greaves for the long term for good gains, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock has support at Rs 100 and resistance at Rs 190, he adds. It is currently trading at Rs 124.85, down 5.2% on the BSE.

12:17 PM - If you are not a long term investor, then sell Adani Enetrprises at Rs 450-470, where it will face resistance, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It has support at Rs 250, he adds. The stock is currently trading at Rs 366.15, down 1.4% on the BSE.

12:10 PM - Hem Securities has 'sell' rating on ITC, with a target price of Rs 160, reports CNBC Awaaz. The stock is currently trading at Rs 161.20, down 2.6% on the BSE.

12:03 PM - It is best to stay away from IOC for now, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. And if you hold it, then sell on rise, he suggests. It has support at Rs 300 and will face resistance at Rs 425, he adds. The stock is currently trading at Rs 378, up 0.8% on the BSE.

11:56 AM - Lanco Infratech looks weak on technical charts, says Ashwani Gujral, technical analyst, on CNBC-TV18. It has support at Rs 83 and resistance at Rs 153, he adds. The stock is currently trading at Rs 121, up 3.9% on the BSE.

11:48 AM - Praj Industries will gain strength above Rs 92 and can go to Rs 135 then, says Sanjeev Agarwal, technical analyst, on Zee Business. It has support at Rs 62, he adds. The stock is currently trading at Rs 63.80, down 2.3% on the BSE.

11:41 AM - PINC Research has a 'buy' rating on Monnet Ispat, with a target price of Rs 230, reports Zee Business. The stock is at Rs 146, down 2.3% on the BSE.

11:34 AM - Look at buying India Glycols only above Rs 72.50, says Sanjeev Agarwal, technical analyst, on Zee Business. It will face resistance at Rs 87.50, but once it moves above this, it can go up to Rs 135, he adds. It is currently trading at Rs 59.75, down 1.3% on the BSE.

11:27 AM - HDIL has short to medium term support at Rs 90 and will face reistance at Rs 160, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Sell the stock on rise, he suggests. It is currently trading at Rs 111.05, down 0.9% on the BSE.

11:19 AM - If Reliance Industries falls below Rs 1,150, then one may see it re-test Rs 940-930, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 1,121.50, down 1.9% on the BSE.

11:12 AM - If Alkali Metals is able to sustain above Rs 174, then Rs 195 is possible, where one should look to exit the counter, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 170.15, down 0.5% on the BSE.

11:04 AM - The market has recovered to quite an extent, but is still trading n the negative terrain. Sensex is at 9,079, down 211 points for the previous close. Nifty is at 2746, down 53 points. BSE Midcap index is down 1.6% and BSE Smallcap index, down 1.4%. All BSE sectoral indices are trading lower, but BSE Bankex, BSE IT and BSE Power are being beaten down the most.

11:01 AM - India Infoline has a 'buy' rating on GSPL, with a target price of Rs 38, reports CNBC Awaaz. The stock is currently trading at Rs 29.65, down 0.3% on the BSE.

10:52 AM - Airline stocks should be sold on rise, says Hardik Jain of ISJ Securities, on CNBC Awaaz. The sector is going through various problems, which will take 3-4 quarters to be solved, he explains.

10:45 AM - Chambal Fertilisers has support at Rs 31 and will face resistance at Rs 55, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 36.05, down 3.6% on the BSE.

10:38 AM - Expect another 15-20% correction from the current levels in HDFC Bank, says Hardik Jain of ISJ Securities, on CNBC Awaaz. The stock is currently trading at Rs 907.25, down 2.8% on the BSE.

10:31 AM - Continue to hold Lanco Infratech for now, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. On a pullback, the stock can go up to Rs 140, where you can book profits, he adds. The stock is currently trading at Rs 119.45, down 2.6% on the BSE.

10:24 AM - The trend in Unitech is still negative, says Hardik Jain of ISJ Securities, on CNBC Awaaz. In any pullback, it will not be able to go beyond Rs 50-54, he adds. On the downside, it can fall to Rs 31-30, he says. The stock is currently trading at Rs 40.60, down over 5% on the BSE.

10:18 AM - Karvy Stock Broking recommends Praj Industries, with a target price of Rs 100, reports Zee Business. The stock is at Rs 62.90, down 3.7% on the BSE.

10:11 AM - Expect 15-20% correction in Reliance Infrastructure from the current levels, says Hardik Jain of ISJ Securities, on CNBC Awaaz. So the next support for the stock is seen at Rs 401-400, he adds. It is currently trading at Rs 456, down 5.9% on the BSE.

10:02 AM - The market has opened lower on Tuesday and contines to slip further. Sensex is at 8,969, down 321 points from the previous close. Nifty is at 2714, down 84 points.

9:58 AM - After so many negative days, the market may have a day of rallying lurking somewhere, where one can short, says Ashwani Gujral, technical analyst, on CNBC-TV18. Once 2750-2700 is taken out, the Nifty can head to 2250 or so, he adds. Trade can be choppy today, he says.

9:52 AM - The trend in Tata Motors is still negative, therefore it should be sold on rises, says Hardik Jain of ISJ Securities, on CNBC Awaaz. The stock is at Rs 140.45 on the BSE.

9:47 AM - Look at exiting Chambal Fertilisers close to Rs 43-43.50, as the short term pattern does not look very good on the charts, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. If the market corrects further, it can fall to Rs 30 too, he adds. The stock is at Rs 37.40 on the BSE.

9:41 AM - The market trend is still negative, says Hardik Jain of ISJ Securities, on CNBC Awaaz. The Nifty can fall to 2450-2400 in the next 8-10 trading sessions, he adds.

9:36 AM - Do not buy Noida Toll Bridge at current levels, says MB Singh, technical analyst, on Zee Business. If the market corrects further, you may get it even at Rs 11-10, he adds. It is at Rs 19.65 on the BSE.

9:30 AM - HCL Infosystems will face resistance at Rs 85-90, where one should exit the stock, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. Look at entering it again only if it closes above Rs 95-96 for a couple of days, he suggests. The stock is at Rs 70.45 on the BSE.


ninad avasare
Doubling Stocks