4:02 PM - It was a bad day for the Indian market despite positive global cues. Sensex slipped 530 points and Nifty nearly 150 points from the day's highs. Sensex shut shop at 8695, down 207 points and Nifty at 2654, down 54 points from the previous close. CNX Midcap index was down 0.45% and BSE Smallcap index was down 0.91%. The market breadth was negative with advances at 459 against declines of 750 on the NSE. Top Nifty gainers included SAIL, Hero Honda and Tata Motors while losers included Suzlon, Mahindra & Mahindra and HCL Technologies.

3:59 PM - Buy BHEL on dips as it has a medium term target of Rs 1410, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1283, down 1.39% on the BSE.

3:56 PM - Sell BHEL with a target price of Rs 1291, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 1370, he adds. The stock is currently trading at Rs 1283, down 1.39% on the BSE.

3:53 PM - Sell Maruti Suzuki with a target price of Rs 507, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 560, he adds. The stock is currently trading at Rs 530, up 0.10% on the BSE.

3:50 PM - Corporate India is likely to underperform and the next two dirty quarters could take its toll on the market, says Mehraboon Irani of Centrum Broking on NDTV Profit. The market is likely to test the October lows in the next one to two months, he adds.

3:45 PM - The F&O internals will rule ahead of the expiry two days later and the market is likely to see sharp volatility for the next few days, says Rajesh Jain of Pranav Securities, on CNBC TV18. The market could even see a sharp momentary dip below 2500 on Nifty in the first week of December, he says. The market is likely to be in a Nifty range of 2500-3000 with prolonged negatives (election uncertainty), he says.

3:40 PM - It was a day of reversal with a bad close for the Indian market despite good global cues. Sensex and Nifty slipped nearly 6% from the day's high at close. Sensex closed at 8649, down 253 points (provisional) and Nifty at 2638, down 69 points (provisional) from the previous close. CNX Midcap index was down 0.61% and BSE Smallcap index was down 1%. The market breadth was negative with advances at 466 against declines of 754 on the NSE.

3:34 PM - Close all open positions and initiate Nifty longs only above 2760, says Vijay Bhambwani, technical analyst, on CNBC TV18 as closing market strategy.

3:31 PM - Hold Nifty shorts with stop loss of 2770 and target of 2500, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.

3:29 PM - Buy Punj Lloyd with a target of Rs 190, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 132, he adds. The stock is currently trading at Rs 137, down 3.82% on the BSE.

3:27 PM - Sell Bombay Rayon with a target price of Rs 124, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 153, he adds. The stock is currently trading at Rs 134, up 2.79% on the BSE.

3:21 PM - Buy Cairn India with a target price of Rs 165, says Prasad Kushe of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 132, he adds. The stock is currently trading at Rs 138, up 3.44% on the BSE.

3:15 PM - Sell Hindustan Zinc with a target price of Rs 309, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 352, he adds. The stock is currently trading at Rs 325, down 1.12% on the BSE.

3:08 PM - Nifty around 2400-2600 are good levels for long-term investors to accumulate stocks, says Sandeep Shah of Sampriti Capital, on CNBC TV18. While US markets have touched fresh lows this week, the Indian market has bounced back and shown marginally good performance, he adds. The heydays of the telecom space are over, investors should pare down the returns and the best bet in this space are Reliance Communications and Idea, he adds.

3:03 PM - The Indian market is at the day's lows dragged down by heavies like Reliance Industries and SBI. Sensex is trading at 8776, down 126 points and Nifty is at 2675, down 33 points from the previous close. CNX Midcap index is up 0.07% and BSE Smallcap index is down 0.65%. The market breadth is negative with advances at 541 against declines of 651 on the NSE.

2:58 PM - SMC Global maintains a buy call on Sterling Biotech with a target of Rs 240, reports CNBC Awaaz. Maintain a stop loss of Rs 170 and the stock is currently trading at Rs 193, up 2.11% on the BSE.

2:52 PM - Buy Hero Honda with a target price of Rs 792-832, says Prasad Kushe of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 728, he adds. The stock is currently trading at Rs 745, up 1.73% on the BSE.

2:45 PM - SMC Global maintains a sell call on Hotel Leela with a target of Rs 15.5, reports CNBC Awaaz. Maintain a stop loss of Rs 21 and the stock is currently trading at Rs 19.10, up 0.53% on the BSE.

2:39 PM - Sell HDFC Bank with a target price of Rs 833, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 900, he adds. The stock is currently trading at Rs 846, up 1.74% on the BSE.

2:34 PM - Crnindia.com maintain a buy call on Nalco with a target of Rs 198, reports CNBC Awaaz. Maintain a stop loss of Rs 175 and the stock is currently trading at Rs 182, up 0.25% on the BSE.

2:28 PM - Sharekhan maintains a buy call on Selan Exploration with a target of Rs 250 in 8-12 months, reports Zee Business. The stock is currently trading at Rs 136, up 5% on the BSE.

2:21 PM - The market has fallen sharply and cannot fall beyond a point, says Sameer Arora of Helios Capital Securities, on CNBC TV18. There are reasonable prospects of the market seeing a rally in December, he adds.

2:15 PM - The market has over corrected and now looks good value for money for long-term investors, says Sandeep Shenoy of Pinc Research, on CNBC TV18. Even for the short term, one can play the market as it is likely to see a bounce, he adds.

2:08 PM - The European markets have weakened. The Indian market is off the day's highs and has slipped into the negative. Sensex is trading at 8879, down 23 points and Nifty is at 2706, down 2 points from the previous close. CNX Midcap index is up 0.59% and BSE Smallcap index is up 0.14%. The market breadth is positive with advances at 612 against declines of 546 on the NSE.

1:59 PM - Buy Reliance Industries with a target price of Rs 1250-1400, says Prasad Kushe of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 1070, he adds. The stock is currently trading at Rs 1122, down 2% on the BSE.

1:50 PM - Sharekhan maintains a buy call on Indo Tech Transformers with a target of Rs 375 in 8-12 months, reports CNBC Awaaz. The stock is currently trading at Rs 242, up 10.15% on the BSE.

1:43 PM - Hold Graphite India as it has a short-term resistance of Rs 38-45, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 34, up 0.14% on the BSE.

1:36 PM - Anand Rathi Securities maintains a buy call on TCS with a target of Rs 650, reports CNBC Awaaz. The stock is currently trading at Rs 516, down 0.90% on the BSE.

1:28 PM - The Asian markets are trading firm and European markets have also opened in the positive. The Indian market is quietly positive and looking good. Sensex is trading at 8977, up 74 points and Nifty is at 2739, up 31 points from the previous close. CNX Midcap index is up 0.90% and BSE Smallcap index is up 0.38%. The market breadth is positive with advances at 762 against declines of 359 on the NSE.

1:19 PM - PNB has support at Rs 360 and will face resistance at Rs 510, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It is better to switch to stocks like SBI or HDFC which can give better returns sooner, he suggests. PNB is currently trading at Rs 439, up 0.10% on the BSE.

1:11 PM - Tantia Constructions has bagged orders worth Rs 271 crore, reports CNBC TV18. The stock is currently trading at Rs 32, up 2.99% on the BSE.

1:00 PM - UCO Bank has support at Rs 22 and resistance at Rs 34, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. Sell the stock on the upside, he suggests. It is currently trading at Rs 26.35, up 2.1% on the BSE.

12:53 PM - Around January, the bear mkt could come to an end, says Gautam Shah of JM Financial Services, on Zee Business. But this does not mean a V-shaped recovery; the market will condsolidate and make higher tops and higer bottoms, he explains. In fact, in the next 12 months, the Sensex may go up to 14,000, he says.

12:45 PM - Bank of India has support at Rs 210 and resistance at Rs 275, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. The stock is currently trading at Rs 241, up 1.5% on the BSE.

12:37 PM - Continue to hold Kotak Mahindra Bank for now, says Vijay Bhambwani, techical analyst, on CNBC Awaaz.The stock has support at Rs 240 and will face resistance at Rs 410, he adds. It is currently trading at Rs 325.10, up 3.9% on the BSE.

12:30 PM - The market may see key indexes breaking October lows in the next 4-6 weeks, says Gautam Shah of JM Financial Services, on Zee Business. The organisation has Sensex target of 7,000 and for the Nifty, 2,050, he adds.

12:22 PM - SBI can go up to Rs 1,350 in the short to medium term, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. It has support at Rs 1,000, he adds. The stock is currently trading at Rs 1,138, down 0.8% on the BSE.

12:14 PM - Axis Bank has support at Rs 360 and will face resistance at Rs 500-510, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. Hold the stock for now and sell it at resistance level, he suggessts. The stock is currently trading at Rs 398.65, up 0.3% on the BSE.

12:06 PM - Yes Bank continues to remain under pressure, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. The stock will face strong resistance at Rs 75-80, where one should exit it, he suggests. It has support at Rs 52, he says. The stock is currently trading at Rs 62, up 4.5% on the BSE.

11:59 AM - Bank of Baroda has support at Rs 200 and will face resistance at Rs 290, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. The stock is currently trading at Rs 254.80 on the BSE.

11:52 AM - One can look at buying/averaging Sesa Goa at Rs 50-40 for the next metal upcycle, that may happen in the next 2 years or so, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. The stock is currently trading at Rs 66.25, up 5.7% on the BSE.

11:44 AM - Canara Bank has support at Rs 135 and will face resistance at Rs 185, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. It is better to sell this stock and buy SBI or HDFC for better returns, he suggests. Canara Bank is currently trading at Rs 159, up 0.6% on the BSE.

11:36 AM - Union Bank has support at Rs 110, close to which one can buy the stock, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. On the upside, it will face resistance at Rs 160, around which one can book profits, he adds. The stock is currently trading at Rs 139.65, up 0.1% on the BSE.

11:29 AM - In the short term, HDFC Bank can go up to Rs 980, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. And in the medium to long term, it can go up to Rs 1,060-1,200, he adds. The stock is currently trading at Rs 865, up over 4% on the BSE.

11:22 AM - ICICI Bank has support at Rs 282, but it may fall a little below this on a bad market day, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. One can look at buying the stock, but only for long term, say 2-3 years, he suggests. It is currently trading at Rs 337, up 4.5% on the BSE.

11:13 AM - Karvy Stock Broking recommends 'buy'on Patel Engineering, with a target price of Rs 312, reports CNBC-TV18. The stock is currently trading at Rs 121, up 1.1% on the BSE.

11:05 AM - The market is still trading higher, though off the day's highs. Sensex is at 9,046, up 143 points from the previous close. Nifty is at 2755, up 46 points. BSE Midcap index is up 1.4% and BSE Smallcap index, up 1.1%. Metal, banking, consumer durables and power stocks are attracting buying interest.

11:01 AM - RBI is likely to cut rates within next week, says Rajeev Malik of Macquarie, on CNBC-TV18. And over the next few months, one could see the RBI cut Repo, CRR, SLR by 200 points, he adds.

10:51 AM - Satyam has key support at Rs 220 and if this breaks, then it can fall to Rs 165, says Ashwani Gujral, technical analyst, on CNBC-TV18. On the upside, it will face resistance at Rs 245, he adds. It looks the weakest among the IT heavyweights, he says. The stock is currently trading at Rs 238.30, up 3.8% on the BSE.

10:43 AM - NTPC will face resistance at Rs 166-167, but once this is crossed, it can go up to Rs 190-195, says Hardik Jain of ISJ Securities, on CNBC Awaaz. It has support at Rs 130-145, he adds. The stock is currently trading at Rs 154.50, up 0.9% on the BSE.

10:36 AM - Reliance Power may go up to Rs 125-130, but can again fall to two-digits from there, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 114.10, up 2.8% on the BSE.

10:28 AM - Idea Cellular can go up to Rs 53-54, where one should look to exit the stock, says Ashwani Gujral, technical analyst, on CNBC-TV18. It has support at Rs 40, he adds. The stock is currently trading at Rs 47.05, up 2.2% on the BSE.

10:21 AM - Downside is limited in TCS and Infosys and one may look at buying the stocks for the long term now, says Hardik Jain of ISJ Securities, on CNBC Awaaz.

10:15 AM - Reliance Infrastructure can go up to Rs 560-580 maximum, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 526.30, up 4.3% on the BSE.

10:08 AM - There's still some downside in SBI and it may re-test Rs 1,050-1,025 again, says Hardik Jain of ISJ Securities, on CNBC Awaaz. Since momentum indicators here are still negative, it is best to avoid the stock for now, he suggests. It is currently trading at Rs 1,179, up 2.8% on the BSE.

10:02 AM - The market has opened higher on Tuesday. Sensex is at 9,162, up 259 points from the previous close. Nifty is at 2775, up 67 points.

9:57 AM - There's another 15-20% downside in Tata Communications, says Hardik Jain of ISJ Securities, on CNBC Awaaz. On a pullback, it can go to Rs 360-370, where one can think of going long, not before that, he adds. The stock is at Rs 397.05 on the BSE.

9:49 AM - The main trend of the market is still down, says Ashwani Gujral, technical analyst, on CNBC-TV18. So remain in positional shorts, he suggests. Once the Nifty falls below 2500, the downside will start, he says. On the upside, it has resistance at 2860-2900, he adds.

9:43 AM - Reliance Capital can go up to Rs 594-600 in a pullback, where it will face some resistance, says Hardik Jain of ISJ Securities, on CNBC Awaaz. Once this level is crossed, it can go up to Rs 800 too, he adds. The stock is at Rs 464.85 on the BSE.

9:36 AM - The rupee looks weak technically and can fall to 52-53 per dollar, says Hardik Jain of ISJ Securities, on CNBC Awaaz.

ninad avasare
Doubling Stocks