Wednesday, 19 November

4:01 PM - It was a terrible day for the Indian market that closed at the low point of the day on account of poor global cues. Sensex shut shop at 8773, down 163 points and Nifty at 2635, down 48 points from the previous close. CNX Midcap index was down 1.33% and BSE Smallcap index was down 1.84%. Capital goods, power and bankex stocks got a beating today. The market breadth was negative with advances at 308 against declines of 931 on the NSE. Top Nifty gainers included ITC, Ranbaxy and Cairn while losers included Suzlon, Tata Communications and Reliance Communications.

3:57 PM - Sell HDIL with a target of Rs 100-94, says Husseini Wadharia of Techno Shares on CNBC Awaaz. Maintain a stop loss of Rs 116, he adds. The stock is currently trading at Rs 99, down 8.06% on the BSE.

3:52 PM - Buy Reliance Communications above Rs 225 with a target of Rs 245-260, says Sanjeev Agarwal of Globe Capital on CNBC Awaaz. Maintain a stop loss of Rs 205, he adds. The stock is currently trading at Rs 200, down 4.58% on the BSE.

3:50 PM - Sell Reliance Capital with a target of Rs 490-475, says Husseini Wadharia of Techno Shares on CNBC Awaaz. Maintain a stop loss of Rs 535, he adds. The stock is currently trading at Rs 466, down 10.19% on the BSE.

3:48 PM - Stay in cash and wait for stability to return to the market, says Nipun Mehta of UNITIS Tower Wealth Advisors, on CNBC TV18. This is not the time to buy despite valuations being attractive, he adds.

3:40 PM - Things across the globe were bad, Europe was trading weak and the Indian market closed at the day's lows. Sensex closed at 8729, down 207 points (provisional) and Nifty at 2635, down 48 (provisional) points from the previous close. CNX Midcap index was down 1.44% and BSE Smallcap index was down 1.9%. The market breadth was negative with advances at 313 against declines of 921 on the NSE.

3:33 PM - Maintain Nifty short with a target at 2600 and resistance at 2680, says Rahul Mohindar, technical analayst, on CNBC TV18. Sell DLF with a stop loss of Rs 231 and target of Rs 217, he adds. The stock is currently trading at Rs 224, up 0.36% on the BSE.

3:29 PM - Maintain Nifty short with a stop loss of 2770 and target at 2500, says Ashwani Gujral, technical analayst, on CNBC TV18. Remain short on financial and capital goods, he adds.

3:27 PM - Expect the volatility to continue for the next couple of weeks and the market is likely to retest the October lows by the year end, says Jeff Chowdhary of F&C Investment, on CNBC TV18. The market is oversold and chances are very high to see a year-end rally, he adds.

3:22 PM - Buy Reliance Industries at Rs 1190 with a target of Rs 1280-1340-1420, says Sanjeev Agarwal of Globe Capital on CNBC Awaaz. Maintain a stop loss of Rs 1135, he adds. The stock is currently trading at Rs 1136, down 0.36% on the BSE.

3:14 PM - Cash is king in these times of recession, companies with good balance sheets and low or no debt are the ones to bet on, says the research team at CNBC TV18. The companies that look good are, in the real estate space, DLF and Indiabulls Real Estate; in the power sector - NTPC, Reliance Power and Tata Power; in the metals space - SAIL, Nalco and Sesa Goa; in the auto space - Maruti, Bajaj Auto and Hero Honda; in the pharma space - Sun Pharma and GSK Pharma and in the telecom space - Bharati Airtel.

3:09 PM - Buy Rolta at Rs 175 with a target of Rs 195-210, says Husseini Wadharia of Techno Shares on CNBC Awaaz. Maintain a stop loss of Rs 167, he adds. The stock is currently trading at Rs 179, down 4.10% on the BSE.

3:04 PM - The market is likely to be very choppy going ahead, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. Will the market be able to cross the key Nifty resistance of 3200 - very unilikely, he says. Will the Nifty trade below 2500 - chances are much stronger, he adds.

3:00 PM - The European markets are trading weak. Weak global cues see our market turn choppy and look bad. Sensex is trading below 9000, is currently at 8793, down 143 points and Nifty is at 2640, down 42 points from the previous close. CNX Midcap index is down 1.27% and BSE Smallcap index is down 1.48%. The market breadth has turned negative with advances at 339 against declines of 876 on the NSE.

2:52 PM - Sharekhan maintains a buy call on L&T with a target of Rs 1802 in 12-16 months, reports Zee Business. The stock is currently trading at Rs 737, down 3.49% on the BSE.

2:47 PM - Buy DLF above Rs 236 with a target of Rs 268-279-300, says Sanjeev Agarwal of Globe Capital on CNBC Awaaz. Maintain a stop loss of Rs 218, he adds. The stock is currently trading at Rs 229, up 2.3% on the BSE.

2:40 PM - Emkay Shares and Stock Brokers maintains a buy call on GSFC with a target of Rs 108 in 8-12 months, reports Zee Business. The stock is currently trading at Rs 76, down 1.93% on the BSE.

2:33 PM - Buy Cairn at Rs 135 with a target of Rs 152-161, says Husseini Wadharia of Techno Shares on CNBC Awaaz. Maintain a stop loss of Rs 130, he adds. The stock is currently trading at Rs 138, up 2.36% on the BSE.

2:25 PM - Buy GVK Power around Rs 15 with a target of Rs 18-21-27, says Sanjeev Agarwal of Globe Capital on CNBC Awaaz. Maintain a stop loss of Rs 13, he adds. The stock is currently trading at Rs 14, up 1.17% on the BSE.

2:17 PM - Buy Ranbaxy at Rs 215 with a target of Rs 235-247, says Husseini Wadharia of Techno Shares on CNBC Awaaz. Maintain a stop loss of Rs 210, he adds. The stock is currently trading at Rs 220, up 3.60% on the BSE.

2:09 PM - Emkay Shares and Stock Brokers maintains a buy call on BHEL with a target of Rs 1520 in 8-12 months, reports Zee Business. The stock is currently trading at Rs 1294, up 2.17% on the BSE.

2:02 PM - The market is off the day's high. Sensex is trading at 9054, up 117 points and Nifty is at 2712, up 29 points from the previous close. CNX Midcap index is down 0.13% and BSE Smallcap index is down 0.47%. The market breadth has turned negative with advances at 544 against declines of 669 on the NSE.

1:54 PM - Sell Petronet LNG and switch to a more rewarding stock like GSPL, says Jagdish Thakkar, technical analyst, on Zee Business. Petronet LNG is currently trading at Rs 33, down 0.592% on the BSE.

1:48 PM - Angel Broking maintains a buy call on Corporation Bank with a target of Rs 310, reports CNBC Awaaz. The stock is currently trading at Rs 200, up 1.62% on the BSE.

1:43 PM - Pinc Research maintains a buy call on 3i Infotech with a target of Rs 58, reports Zee Business. The stock is currently trading at Rs 39, down 0.13% on the BSE.

1:36 PM - Buy LIC Housing with a target of Rs 230, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 188, down 0.08% on the BSE.

1:28 PM - One can expect more slowdown on consumer demand, says Ananda Bhoumik of Fitch, on NDTV Profit. There will be a long-term impact on ICICI Bank's potential due to liquidity issues, he feels. Weakening asset quality to harm ICICI's growth, he adds. ICICI Bank is currently trading at Rs 363, up 0.62% on the BSE.

1:21 PM - Karvy Stock Broking maintains a buy call on Dr Reddy's with a target of Rs 487, reports Zee Business. The stock is currently trading at Rs 419, up 4.62% on the BSE.

1:14 PM - Angel Broking maintains a buy call on Indian Overseas Bank with a target of Rs 96, reports CNBC Awaaz. The stock is currently trading at Rs 71, up 1.72% on the BSE.

1:09 PM - The Asian markets are trading mixed. The Indian market is still trading firm. Sensex is trading at 9168, up 231 points and Nifty is at 2750, up 67 points from the previous close. CNX Midcap index is down 0.88% and BSE Smallcap index is down 0.22%. The market breadth is positive with advances at 623 against declines of 554 on the NSE.

1:00 PM - Karvy Stock Broking has an 'outperformer' rating on SpiceJet, with a target price of Rs 16, reports CNBC-TV18. The stock is currently trading at Rs 12.63 on the BSE.

12:53 PM - Jindal Steel seems to have made a base at Rs 690, says Prakash Gaba, technical analyst, on CNBC Awaaz. Once it moves above Rs 870, it can go up to Rs 1,000, he says. So one can add at lower prices, he suggests. The stock is currently trading at Rs 740, up 4.3% on the BSE.

12:44 PM - Hold DLF, but with a stoploss, says E Mathew, technical analyst, on CNBC-TV18. The stock has support at Rs 165-197 and resistance on the pullback rally will be around Rs 258-260, he adds. It is currently trading at Rs 236.55, up 5.6% on the BSE.

12:36 PM - The going is still strong for the market. Sensex is at 9,193, up 256 points from the previous close. Nifty is at 2763, up 80 points. Sterlite Industries, DLF, Maruti Suzuki, RIL, Mahindra & Mahindra are pushing the Sensex higher. Market breadth is positive with 646 advances against 514 declines on the NSE.

12:33 PM - One can hold or even add Marico at lower levels, says Prakash Gaba, technical analyst, on CNBC Awaaz. The safety margin is higher here, he adds. It can go up to Rs 60-66, he says. The stock is currently trading at Rs 50.50, up 3.6% on the BSE.

12:24 PM - One can buy IVRCL Infrastructures, but keeping a strict stoploss of Rs 109, says Prakash Gaba, technical analyst, on CNBC Awaaz. Look at exiting the stock at Rs 150-160, he suggests. It is currently trading at Rs 123, up 7.5% on the BSE.

12:17 PM - KR Choksey Research recommends 'buy' on Sunil Hitech Engineers, with a target price of Rs 127, reports CNBC-TV18. The stock is currently trading at Rs 70.40, up 6.8% on the BSE.

12:10 PM - Technical charts of Polaris look weak, but an upmove bounce to Rs 50 or so is possible, where one should exit the stock, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 40.20, up 0.4% on the BSE.

12:03 PM - Maruti Suzuki has support at Rs 460-470, says E Mathew, technical analyst, on CNBC-TV18. If it crosses the resistance zone of Rs 575-580, then Rs 670-680 is possible here, he adds. The stock is currently trading at Rs 536, up 4.5% on the BSE.

11:56 AM - One can trade in Rolta, which seems to be moving in a range of Rs 160-190, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 183.25, down 1.8% on the BSE.

11:50 AM - There's limited downside in Titan Industries, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock can bounce to Rs 1,000-1,050 from here, he adds. It is currently trading at Rs 864, up 4.1% on the BSE.

11:39 AM - Keep a stoploss of Rs 142 and hold Union Bank for now, says Prakash Gaba, technical analyst, on CNBC Awaaz. Look at exiting it at Rs 160, which will be a very strong resistance for the stock, he suggests. It is currently trading at Rs 148.50, down 1.2% on the BSE.

11:32 AM - HDFC Bank will face resistance at Rs 1,157 and has support at Rs 900, says Darryl Guppy of guppytraders.com, on CNBC-TV18. The stock is currently trading at Rs 927, up 1.1% on the BSE.

11:25 AM - If you have a long term view, then look at buying Wipro at Rs 160-150, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 224.50, down 2.3% on the BSE.

11:18 AM - Angel Broking has a 'buy' rating on Sadbhav Engineering, with a target price of Rs 718, reports CNBC Awaaz. The stock is currently trading at Rs 325, up 0.1% on the BSE.

11:11 AM - Sensex is at 9,037, up 99 points from the previous close. Nifty is at 2713, up 30 points. BSE Midcap and BSE Smallcap indexes are flattish. Oil & gas, FMCG and metal stocks are attracting buying interest, while IT stocks are being dumped. Market breadth is also flattish, with 555 advances against 537 declines on the NSE.

11:03 AM - Reliance Industries is in a strong downtrend and has support at Rs 950 now, says Darryl Guppy of guppytraders.com, on CNBC-TV18. But if it falls below this, then the next support will come in at Rs 750, he adds. On the upside, the stock has resistance at Rs 1,350, he says. It is currently trading at Rs 1,186.20, up 4% on the BSE.

10:56 AM - Kotak Mahindra Bank has support at Rs 240 and will face resistance at Rs 390, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 314.50, up 2.1% on the BSE.

10:47 AM - The market can re-test October lows, says Darryl Guppy of guppytraders.com, on CNBC-TV18. Nifty now has strong resistance at 2900 and support at 2400, he adds.

10:39 AM - Banks may probably break October lows before the Nifty, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. So do not be in a hurry to buy banks, even PSUs, as you may get them at even lower prices, he suggests.

10:31 AM - If the market weakens, then NTPC can fall to its support levels of Rs 125 or so, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 141, up 1.3% on the BSE.

10:24 AM - EIH can go up to Rs 115 or so now, says Prakash Gaba, technical analyst, on CNBC Awaaz. Book profits in the stock above Rs 100, he suggests. It is currently trading at Rs 101, up 1.1% on the BSE.

10:17 AM - Sharekhan has a 'buy' rating on L&T, with a target price of Rs 1,802, reports CNBC Awaaz. The company has seen good order inflows in the first quarter, says the brokerage. Also, the stock is currently available at attractive valuations, it adds. It is currently at Rs 776, up 1.6% on the BSE.

10:10 AM - Jet Airways seems to have made a base at Rs 160 and as long as this holds, one can trade long in this counter, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 171.50, up 0.4% on the BSE.

10:02 AM - The market has opened slightly higher on Wednesday. Sensex is at 9,000, up 63 points from the previous close. Nifty is at 2700, up 17 points.

9:57 AM - Tata Steel seems to have made a bottom at Rs 160, says Prakash Gaba, technical analyst, on CNBC Awaaz. On the upside, it can go up to Rs 195-200 now, he adds. It is at Rs 164.75 on the BSE.

9:51 AM - The market is headed lower, but there may be small rallies in between, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. There are stronger chances of the Nifty going below 2500, than it going above 3200, he adds.

9:45 AM - Long term charts of ICICI Bank have turned bearish, says Rajkishore Bang, technical analyst, on CNBC Awaaz. Short term indicators are also negative, he adds. Expect the stock to fall 15% lower from the current rates, he says. It can break Rs 280 and make new lows now, he adds. It is at Rs 350.75 on the BSE.

9:39 AM - Reliance Industries has strong support at Rs 1,082 and can bounce to Rs 1,250-1,275 in the short term, says Prakash Gaba, technical analyst, on CNBC Awaaz. So there's a trading opportunity on the upside here, he adds. The stock is at Rs 1,140.70 on the BSE.

9:31 AM - Angel Broking has a 'buy' rating on Punjab National Bank, with a target price of Rs 625, reports CNBC Awaaz. The bank has good CA/SA ratio, which is a cost advantage to it, says the brokerage. The stock is at Rs 452.75 on the BSE.

ninad avasare
Doubling Stocks