4:01 PM - The Indian market was the worst performing among its Asian peers for the second day today. Sensex shut shop at 9536, down 303 points and Nifty at 2848, down 90 points from the previous close. CNX Midcap index was down 1.61% and BSE Smallcap index was down 1.92%. BSE Realty index was down 7%, BSE Metal index and BSE Bankex index both were down almost 4%. The market breadth was negative with advances at 287 against declines of 956 on the NSE. Top Nifty gainers included BPCL and Tata Communications while losers included DLF, SAIL and ICICI Bank.

3:57 PM - Sell DLF with a target of Rs 235, says Manoj Sachdeva, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 269, he adds. The stock is currently trading at Rs 245, down 8.28% on the BSE.

3:53 PM - Sell BPCL with a target of Rs 280, says Hardik Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 325, he adds. The stock is currently trading at Rs 321, up 6.06% on the BSE.

3:49 PM - Sell ONGC with a target of Rs 690, says Manoj Sachdeva, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 772, he adds. The stock is currently trading at Rs 711, down 3.27% on the BSE.

3:44 PM - Buy Punj Lloyd with a target of Rs 245, says Hardik Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 190, he adds. The stock is currently trading at Rs 193, down 1.96% on the BSE.

3:41 PM - It was another bad day on Dalal Street. Sensex closed at 9550, down 288 points (provisional) and Nifty at 2854, down 84 points (provisional) from the previous close. CNX Midcap index was down 1.41% and BSE Smallcap index was down 1.83%. The market breadth was negative with advances at 280 against declines of 950 on the NSE.

3:35 PM - Sell Infosys with a target of Rs 1197 and stop loss of Rs 1285, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.

3:29 PM - Nifty had support at 2900 and resistance at 3200, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. But now Nifty is seeing a decisive breakdown and chances are we may not stop at 2600, he adds.

3:27 PM - Remain short on Nifty with stop loss at 2920 and target at 2700, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.

3:25 PM - Maintain Nifty short with resistance at 2890 and stop loss of 2740, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.

3:21 PM - Nifty has near term support at 2650-2600, says Gaurang Shah of Geojit Financials, on NDTV Profit. Any spike in this market should be used as an opportunity to exit and sit on cash, he adds.

3:14 PM - Global recession is severe, is likely to last through 2009 and spill into 2010, says Stephen Roach, Chairman of Morgan Stanley, on CNBC TV18. There will be a slower growth period for Asia but it will be better than other economies, he says. There is a sense of pessimism at the Singapore investor conference, he says. The crisis is moving into the real economy and we will see more pressure points going forward, he adds.

3:08 PM - Sell ITC with a target of Rs 160, says Manoj Sachdeva, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 177, he adds. The stock is currently trading at Rs 169, down 1.57% on the BSE.

3:04 PM - The market continues to trade weak. Sensex is trading at 9557, down 282 points and Nifty is at 2858, down 82 points from the previous close. CNX Midcap index is down 1.72% and BSE Midcap index is down 2.03%. The market breadth is negative with advances at 280 against declines of 950 on the NSE.

2:57 PM - Buy TCS with a target of Rs 625, says Hardik Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 515, he adds. The stock is currently trading at Rs 540, up 2.64% on the BSE.

2:49 PM - Sell PNB with a target of Rs 450, says Manoj Sachdeva, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 497, he adds. The stock is currently trading at Rs 472, down 2.79% on the BSE.

2:39 PM - Buy HUL with a target of Rs 270, says Hardik Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 205, he adds. The stock is currently trading at Rs 231, down 6.07% on the BSE.

2:32 PM - Buy Dishman Pharma with a 40% upside in 12 months, says Ranjit Kapadia of Prabhudas Liladhar, on CNBC Awaaz. The stock is currently trading at Rs 159, down 0.59% on the BSE.

2:26 PM - The selling is intensifying and the Indian market has taken a hard knock despite European markets opening positive. Sensex is trading at 9408, down 430 points and Nifty is at 2805, down 133 points from the previous close.

2:23 PM - The market is seeing unwinding across the index, says Vijay Bhambwani, technical analyst, on CNBC-TV18. The bears are getting bolder as the bulls are on the ropes and there is lack of any buying support, he says. The market is likely to see a sharp selloff in the last hour of trade with this being a truncated week (tomorrow markets are closed), he adds. Aggressive traders can now open up shorts, he feels.

2:17 PM - CLSA maintains a buy call on HDFC with a target of Rs 2200, reports CNBC Awaaz. The stock is currently trading at Rs 1684, up 1.66% on the BSE.

2:10 PM - Nifty trading range is now 2750-3100, says Daljeet Kohli of Emkay Shares and Securities, on CNBC Awaaz. Investors who have a one to two year perspective can accumulate stocks now but should be prepared that the stocks could fall another 20% from here, he adds. The market will continue to be a trading one for the next 6-8 months, he says.

2:02 PM - The market is looking weak again. Sensex is trading at 9660, down 179 points and Nifty is at 2884, down 53 points from the previous close. CNX Midcap index is down 0.93% and BSE Smallcap index is down 0.87%. Realty, metals and banking stocks are taking a beating.

1:54 PM - Sell Eveready as it is looking weak and one can maintain a stop loss of Rs 15, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 16.95, up 5.57% on the BSE.

1:46 PM - Sell BHEL with a target of Rs 1365, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 1425, he adds. The stock is currently trading at Rs 1370, up 0.24% on the BSE.

1:35 PM - Buy GSPL with a target of Rs 38-44, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 28, he adds. The stock is currently trading at Rs 30, down 0.16% on the BSE.

1:26 PM - DLF has good support at Rs 265-260, which can be a stoploss, says PK Agarwal of Bonanza Securities, on Zee Business. Sell the stock on any bounce, he suggests. It is currently trading at Rs 254, down 5.10% on the BSE.

1:20 PM - L&T has support at Rs 815 and will face resistance at Rs 960, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It is currently trading at Rs 854, down 1.54% on the BSE.

1:10 PM - The Asian markets are trading weak. The market has turned choppy as the IIP numbers get digested and is now seeing a slight recovery. Sensex is trading at 9730, down 9 points and Nifty is at 2949, up 10 points from the previous close. CNX Midcap index is down 0.76% and BSE Smallcap index is down 0.83%. The market breadth is negative with advances at 428 against declines of 750 on the NSE.

12:56 PM - Exit Ipca Labs between Rs 500-550, says Sanjeev Agarwal, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 443, up 3.5% on the BSE.

12:50 PM - Kotak Securities has a 'buy' rating on Glenmark, with a target price of Rs 725, reports CNBC Awaaz. The stock is currently trading at Rs 303, down over 4% on the BSE.

12:42 PM - In any panic decline, look at buying Punj Lloyd at Rs 150-140, says Ashwani Gujral, technical analyst, on CNBC Awaaz. For now, it has support at Rs 180 and will face resistances at Rs 217 and Rs 260, he adds. It is currently trading at Rs 196, down 0.4% on the BSE.

12:34 PM - HCC will face resistance at Rs 67, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It is best to sell this stock on rallies and switch, he suggests. It is currently trading at Rs 54.95, up 2% on the BSE.

12:26 PM - The market liked the September IIP number and has recovered to trade in the positive terrain. Sensex is at 9,915, up 75 points from the previous close. Nifty is at 2965, up 27 points. IT, power, capital goods and oil & gas stocks are seeing some buying.

12:24 PM - It is best to exit Ipca Labs above Rs 500, says SP Tulsian, Investment advisor, on CNBC-TV18. The stock is currently trading at Rs 440.75, up 3% on the BSE.

12:15 PM - September IIP has come out at 4.8% versus 1.3% in August, reports CNBC-TV18. It was 6.98% for September 2007.

12:09 PM - Sensex is currently trading at 9,729, down 109 points from the previous close. Nifty is at 2912, down 25 points. Realty, auto, metal, FMCG and banking stocks are witnessing significant selling pressure.

12:07 PM - UBS has a 'buy' rating on Cipla, with a target price of Rs 240, reports CNBC-TV18. The stock is currently trading at Rs 194.10, down 3.7% on the BSE.

11:59 AM - IT stocks will correct more from here, says Rajat Bose, technical analyst, on CNBC Awaaz. Infosys can fall to Rs 1,150-1,100, he says. The stock is currently trading at Rs 1,267.50, up 1% on the BSE.

11:52 AM - Educomp Solutions is a good stock and is in an established uptrend now, says PK Agarwal of Bonanza Securities, on Zee Business. Look at adding the stock if it falls to Rs 2,100, he suggests. It is currently trading at Rs 2,544, up 1.3% on the BSE.

11:44 AM - Bharti Airtel has a good long term support at Rs 650-600, where some buying should emerge, says Rahul Mohindar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 651.20, down 1.1% on the BSE.

11:37 AM - BHEL has support at Rs 1,320 and will face resistance at Rs 1,533, says Ashwani Gujral, technical analyst, on CNBC Awaaz. If the Nifty falls below 2860, then one can get the stock at Rs 1,200-1,100, he suggests. It is currently trading at Rs 1,367.10 on the BSE.

11:27 AM - Citi has a 'buy' rating on Nalco, with a target price of Rs 230, reports CNBC Awaaz. The stock is at Rs 176.30, down 1.2% on the BSE.

11:17 AM - It is back to bear market now as the corrective uptrend is over and done with, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. The Nifty is going to be rangebound at 2900-3200 levels and 2900 is likely to be taken, he adds. If 2600 breaks down on the Nifty, then it will be a freefall, he says.

11:09 AM - The market is off the day's lows, but still trading in the negative. Sensex is at 9,775, down 63 points from the previous close. Nifty is at 2916, down 21 points. BSE Midcap index is down 0.2% and BSE Smallcap index, down 0.5%. FMCG, realty and auto stocks are seeing some selling pressure, whereas power, IT and capital goods stocks are attracting buying.

11:05 AM - Avoid going short in capital goods and banking stocks, says Rahul Mohindar, technical analyst, on CNBC Awaaz. There is some downside in these stocks, but the risk-reward ratio will not be favourable here, he explains.

10:58 AM - Satyam Computer has a downside of another Rs 25-30 from here, says Rahul Mohindar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 270, up 0.3% on the BSE.

10:50 AM - Edelweiss has a 'buy' rating on Lanco Infratech, with a target price of Rs 224, reports CNBC Awaaz. The stock is at Rs 174.50, up 2.2% on the BSE.

10:43 AM - Nifty has a key short term support at 2860, says Laurence Balanco, Asian Technical Research, CLSA, on CNBC-TV18. If it closes below this, then it can slip to 2500, he adds. On the upside, it will face strong resistance at 3500-3700, he says.

10:36 AM - Above Rs 18.50, TTML can go up to Rs 19.80, says Rajat Bose, technical analyst, on CNBC Awaaz. Book profits at higher levels, as on any downturn, the stock can fall to Rs 15 again, he suggests. It is currently trading at Rs 17.98, up 7.5% on the BSE.

10:30 AM - It is important for the Nifty to move beyond 2965, though it seems difficult, says Rajat Bose, tecnical analyst, on CNBC Awaaz. On the downside, if 2860 is broken, it can fall to 2813, he adds.

10:24 AM - Look at bying Ipca Labs at lower levels, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. It seems to be making a bottom, he adds. The stock is currently trading at Rs 421, down 1.6% on the BSE.

10:17 AM - CLSA recommends 'buy' on Sintex, with a target price of Rs 330, reports CNBC Awaaz. The stock is currently trading at Rs 214.90, down 1.4% on the BSE.

10:09 AM - A 7-8% cut is possible in Reliance Industries in the next one week or so, says Rahul Mohindar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1,186.80, down 1.7% on the BSE.

10:02 AM - The market has opened lower on Wednesday and is falling even lower. Sensex is at 9678, down 161 points from the previous close. Nifty is at 2895, down 43 points.

9:56 AM - In the IT sector, stocks across the board may see new lows, says Rahul Mohindar, technical analyst, on CNBC Awaaz. So go short in the IT space, as you can make money on the downside here, he suggests.

9:47 AM - Buy Pyramid Saimira close to Rs 40 for the long term, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. Once it moves above Rs 60, it can go up to Rs 90, he adds. The stock is at Rs 50.40 on the BSE.

9:39 AM - If the Nifty continues to trade below 3020-3010, then it can even fall to 2860, which is an important support, says Rahul Mohindar, technical analyst, on CNBC Awaaz. Below 2860, 2800-2790 is possible, he adds.

9:31 AM - Satyam Computer is moving in a range of Rs 240-310, within which it can be traded, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. Only when the stock moves above Rs 310, will it give a 'buy' signal, he adds. So for now, continue to hold it, he suggests. The stock is at Rs 269.20 on the BSE.

ninad avasare
Doubling Stocks