4:30 PM - It was a good week for the Indian market. But the next week will be crucial on the global front with news on Fed rate decision, OPEC meet, US housing data and more. This weekÿs smart figures are: Sensex was up 8%, Nifty up 7.5%. BSE Midcap index up 4.2%, BSE Smallcap index up 6% over the week. BSE Realty index was up 25%, BSE Metal index up 13%, BSE Oil & Gas up 11%, BSE Powerindex up 6.5% and BSE Tech index up 4%. BSE IT was down 2.5%.

4:25 PM - It was a spectacular day for the Indian market that showed amazing resilience despite poor IIP numbers and failed US auto bailout package. The Asian markets were a disappointment while our market outperformed its global peers. Sensex closed at 9690, up 44 points and Nifty at 2921, up 1 point from the previous close. CNX Midcap index was up 0.96% and BSE Smallcap index was up 2.54%. The market breadth was positive with advances at 847 against declines of 387 on the NSE. Top Nifty gainers included DLF, BPCL and Suzlon while losers included Nalco, TCS and Wipro.

4:20 PM - Buy ICICI Bank with a target of Rs 441-450 and if that is crossed it can go to Rs 495-515, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 412, up 1.48% on the BSE.

4:15 PM - Hold Bahrat Forge, in a bounce it has a target of Rs 98 where one can exit, says Hardik Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 80, down 4.9% on the BSE.

4:10 PM - Buy RNRL with a target of Rs 68-70, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 55, up 1.28% on the BSE.

4:01 PM - Hold Punj Lloyd with a target of Rs 185-190, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 152, down 1.8% on the BSE.

3:57 PM - Buy Reliance Communications with a target of Rs 261 and if that is crossed it can go up to Rs 320, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 249, up 4.18% on the BSE.

3:52 PM - Hold JSW Steel with a target of Rs 300-340 and support at Rs 185, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 229, down 4.48% on the BSE.

3:47 PM - Hold Maruti Suzuki with a target of Rs 620-630 in 12 months, says Hardik Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 504, down 1.16% on the BSE.

3:41 PM - The Indian market outperformed its global peers today despite poor IIP numbers. Sensex closed at 9694, up 49 points (provisional) and Nifty at 2921, up 1 point (provisional) from the previous close. CNX Midcap index was up 0.94% and BSE Smallcap index was up 2.55%. The market breadth was positive with advances at 850 against declines of 378 on the NSE.

3:29 PM - Hold on to Nifty long with a target of 3070-3150-3200, says E Mathew, technical analyst, on CNBC-TV18, as closing market strategy.

3:27 PM - Avoid carrying positions in Nifty due to uncertainties over the weekend, say Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.

3:25 PM - Hold Nifty long positions with revised stop loss of 2860, says Rajat Bose, technical analyst, on CNBC-TV18, as closing market strategy. Buy Reliance Capital with a stop loss of Rs 520 and target of Rs 560, he adds.

3:15 PM - The strength of the market to digest the poor IIP numbers and failed US auto bailout package has been surprising today, says Ambareesh Baliga of Karvy Stock Broking on NDTV Profit. The worst seems to be over and the market is unlikely to retest the October lows, he says. Next year, the Indian market may see a much better bounce and is likely to outperform its global peers as it decouples, he feels.

3:10 PM - Nifty is unlikely to go below 2800, says DD Sharma of Anand Rathi Securities, on CNBC Awaaz. Nifty is more likely to cross 3000-3200 levels next week, he adds.

3:03 PM - The European markets continue to trade weak. The Indian market is showing strength and trading in the positive. Sensex is trading at 9672, up 26 points and Nifty is at 2916, down 3 points from the previous close. CNX Midcap index is up 0.61% and BSE Smallcap index is up 2.19%. The market breadth is positive with advances at 782 against declines of 422 on the NSE.

2:58 PM - The market is likely to be rangebound for the next 3-6 months with Sensex range being 9600-12000, says Harendra Kumar of Centrum Broking, on NDTV Profit. The Indian market has outperformed its global peers and now we could see more decoupling going ahead, he adds.

2:50 PM - Sell HPCL with a target of Rs 200-180, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 250, he adds. The stock is currently trading at Rs 237, up 5.91% on the BSE.

2:42 PM - Buy Titan Industries with a target of Rs 1100 in 12-18 months, says Sandeep Jain, technical analyst, on CNBC TV18. The stock is currently trading at Rs 728, down 1.93% on the BSE.

2:35 PM - Sell Bharati Airtel with a target of Rs 700-640, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 800, he adds. The stock is currently trading at Rs 728, down 1.93% on the BSE.

2:28 PM - Emkay Shares and Stock Brokers maintains a buy on DLF with a target of Rs 330, reports Zee Business. The stock is currently trading at Rs 251, down 2.20% on the BSE.

2:19 PM - Hold Reliance Capital with a target of Rs 550-600, says Simi Bhaumik, technical analyst, on Zee Business. Use every dip to accumulate the stock for the long term and maintain a stop loss of Rs 460, she adds. The stock is currently trading at Rs 509, up 3.71% on the BSE.

2:12 PM - The market is likely to head lower and one can short Nifty futures, says Ashu Kakkar, technical analyst, on NDTV Profit. Nifty has a target of 2750 and a stop loss of 2950, he says. The market may see a gap down opening on Monday with a Nifty target of 2750, he adds.

2:05 PM - European markets slide on the news of the failed US auto bailout package. But the Indian market has recovered and is off the day's lows. Sensex is trading at 9572, down 73 points and Nifty is at 2892, down 27 points from the previous close. CNX Midcap index is up 0.07% and BSE Smallcap index is up 1.04%. The market breadth is positive with advances at 702 against declines of 489 on the NSE.

1:55 PM - Hold Sterlite Industries with a short-term target of Rs 320-340 where one can book profits, says Ashu Kakkar, technical analyst, on NDTV Profit. The stock has support at Rs 240-205, he adds. The stock is currently trading at Rs 284, down 3.54% on the BSE.

1:47 PM - Hold JP Associates with a target of Rs 95, says Simi Bhaumik, technical analyst, on Zee Business. One can accumulate more stock at Rs 70 for the long term, she adds. The stock is currently trading at Rs 80, down 3.32% on the BSE.

1:39 PM - Karvy Stock Broking maintains a buy on Nitin Fire with a target of Rs 360, reports CNBC Awaaz. The stock is currently trading at Rs 191, up 14.27% on the BSE.

1:29 PM - Hem Securities maintains sell on Tata Steel with a target of Rs 203 and stop loss of Rs 226, reports CNBC Awaaz. The stock is currently trading at Rs 209, down 3.74% on the BSE.

1:22 PM - Sell 50% of Vishal Retail and book profits at current levels, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 80-82 for the balance 50% in the stock, he adds. The stock is currently trading at Rs 105, up 5% on the BSE.

1:14 PM - The market has digested the bad IIP number almost expecting the worse. Sensex recovers nearly 200 points from the day's low and is trading at 9480, down 164 points and Nifty is at 2862, down 58 points from the previous close. CNX Midcap index is down 0.32% and BSE Smallcap index is up 0.78%. The market breadth is negative with advances at 532 against declines of 608 on the NSE.

1:03 PM - Hem Securities maintains sell on RIL with a target of Rs 1148 and stop loss of Rs 1243, reports CNBC Awaaz. The stock is currently trading at Rs 1247, down 0.95% on the BSE.

12:53 PM - Hold Ranbaxy with a short-term target of Rs 230-275 and long-term (2 years) target of Rs 340-350, says Ashu Kakkar, technical analyst, on NDTV Profit. The stock has support at Rs 195-165, he adds. The stock is currently trading at Rs 208, down 0.72% on the BSE.

12:46 PM - We were expecting a poor IIP number but this is much worse than the market expected, says Samiran Chakravarty of ICICI Bank, on CNBC TV18. IIP range is seen at 2-4% and one can expect more monetary action going forward, he adds.

12:37 PM - Angel Broking has a 'buy' rating on Subros, with a target price of Rs 27, reports Zee Business. The stock is at Rs 17, up 5% on the BSE.

12:27 PM - The IIP number is a washout, says Subha Rao, chief economist with Yes Bank, on CNBC TV18. There is likely to be more pain over the next 1-2 months, she says. FY09 IIP is seen at 3-4% and some revival is likely in H2FY010, she adds.

12:19 PM - The October IIP number is down 0.4% versus 4.8% (MoM) and 12.22% (YoY), reports CNBC TV18. This is seen by experts as a worse number than what the market expected. Mining output is up 2.8%, consumer goods output down 2.3% versus up 13.7% (YoY). This is the first negative growth for IIP since 1983 and September IIP revised to 5.45% versus 4.8% earlier.

12:12 PM - The market continues to trade weak. Sensex is trading at 9352, down 293 points and Nifty is at 2833, down 86 points from the previous close. CNX Midcap index is up 0.01% and BSE Smallcap index is up 0.41%. The market breadth is negative with advances at 549 against declines of 585 on the NSE.

12:05 PM - Hold United Breweries with a short-term target of Rs 94-106 and long-term (2 years) target of Rs 123-150, says Ashu Kakkar, technical analyst, on NDTV Profit. The stock has support at Rs 78, he adds. The stock is currently trading at Rs 84, down 1.23% on the BSE.

11:58 AM - Sell Gujarat NRE Coke on any rally, says DD Sharma of Anand Rathi Securities, on NDTV Profit. The stock is currently trading at Rs 24, up 4.75% on the BSE.

11:50 AM - Buy Provogue which has resistance at Rs 40-42 where one can book profits and exit, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. In weakness, the stock could fall to Rs 20, he adds. The stock is currently trading at Rs 37, up 5.1% on the BSE.

11:42 AM - There is a knee-jerk reaction across Asia to the failure of the US auto bailout package, says V Anantha-Nageswaran of Bank Julius Baer, from Singapore, on NDTV Profit. Dollar has fallen to a 13-year low versus the yen and is currently trading at 89.79 up 1.80% ($ versus the yen).

11:34 AM - Buy Pantaloon with a target of Rs 260-270 in 6-7 weeks, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 200, he adds. The stock is currently trading at Rs 219, down 2% on the BSE.

11:24 AM - SMC Global Securities maintains buy on Essar Oil with a target of Rs 98 and stop loss of Rs 71, reports CNBC Awaaz. The stock is currently trading at Rs 86, up 3.49% on the BSE.

11:16 AM - Weak IIP numbers may not affect the markets too much as these have already been factored in, says Amit Dalal of Amit Nalin Securities, on CNBC-TV18. Indian markets instead would take cues from the global markets, which have tanked due to the auto bailout plan having failed in the US Senate, he adds.

11:08 AM - The Asian markets are trading weak. The Indian market is also under pressure. Sensex is trading at 9340, down 304 points and Nifty is at 2829, down 90 points from the previous close. CNX Midcap index is down 0.83% and BSE Smallcap index is up 0.46%. The market breadth is negative with advances at 491 against declines of 567 on the NSE.

10:59 AM - Angel Broking maintains a buy call on Petronet LNG with a target of Rs 80, reports Zee Business. The stock is currently trading at Rs 36, up 6.19% on the BSE.

10:51 AM - Hold Parsvanath with a short-term target of Rs 90 where one can book profits, says Amarjeet Singh, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 31, he adds. The stock is currently trading at Rs 41, down 2.67% on the BSE.

10:44 AM - Reliance Money recommends 'hold' on BPCL with a target of Rs 355, reports CNBC-TV18. The stock is at Rs 325.50 on the BSE.

10:39 AM - One can expect the Nifty to rally to 3200 by this year end, says TS Harihar of ICICI Securities, on CNBC-TV18.

10:32 AM - Sharekhan has a 'buy' rating on Zee News, with a target price of Rs 61, reports Zee Business. The stock is at Rs 31.95 on the BSE.

10:26 AM - TCS needs to move above Rs 550 to gain strength, says a technical analyst, on Zee Business. One can look at buying the stock at Rs 470-490, he suggests. It is at Rs 491.90 on the BSE.

10:18 AM - The Nifty is facing short-term resistance at around 2900, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. So short-term traders can take profits on their long positions keep out of the market today, he suggests.

10:11 AM - Sharekhan has a 'buy' rating on Reliance Industries, with a target of Rs 1,710, reports CNBC-TV18. The stock is currently trading at Rs 1,218.30 on the BSE.

10:02 AM - The market has opened lower on Friday, on news of the auto bailout package being rejected by the US Senate. Sensex is at 9,296, down 348 points from the previous close. Nifty is at 2817, down 102 points.

9:57 AM - There are strong chances that the Nifty will move above 3000 before re-testing October lows again, says MB Singh, technical analyst, on Zee Business.

9:51 AM - Reliance Money recommends 'hold' on HPCL with a target of Rs 250, reports CNBC-TV18. The stock is at Rs 224 on the BSE.

9:45 AM - One can look at buying Central Bank and Dena Bank at current levels with 6-8 month view, says a technical analyst, on Zee Business. Central Bank is at Rs 35.25 and Dena Bank, at Rs 28.45, on the BSE.

9:39 AM - Expect a volatile day of trade today with nervousness seeping in at the 2900-3000 levels on the Nifty, says Sajiv Dhawan, JV Financials, on CNBC-TV18. IIP numbers today are expected to be very bad, but unless it comes much below street estimates one may not see a massive sell-off, he adds.


ninad avasare
Stock Trading Robot