4:05 PM - It was a superb day for the Indian market that rallied in line with its Asian peers. The market surged ahead led by commodity stocks and also in anticipation of a positive vote for an auto package by the US Congress. Sensex shut shop at 9654, up 492 points and Nifty at 2928, up 144 points from the previous close. CNX Midcap index was up 2.27% and BSE Smallcap index was up 1.56%. The market breadth was positive with advances at 847 against declines of 369 on the NSE. Top Nifty gainers included DLF, SAIL and Tata Steel while losers included Power Grid and Ranbaxy.

3:59 PM - Large cap stocks to lead recovery in the market that has tough resistance at 10000 on Sensex, says an expert from Kotak Securities, on NDTV Profit. The market is unlikely to revisit the October lows and one can expect the volatility to remain thin, he says. Further rate cuts by the RBI cannot be ruled out, he feels. The reduction in volatility will lead to market upswing, he adds.

3:55 PM - Buy GMR Infra with a target price of Rs 75 and stop loss of Rs 52, states SMC Global Securities on CNBC Awaaz. The stock is currently trading at Rs 63, up 4.49% on the BSE.

3:52 PM - Buy Nalco with a target price of Rs 207-215 and stop loss of Rs 183, says Hussein Wadharia, technical analyst of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 196, up 7.05% on the BSE.

3:47 PM - Buy NTPC with a target price of Rs 195 and stop loss of Rs 150, states SMC Global Securities on CNBC Awaaz. The stock is currently trading at Rs 169, up 1.71% on the BSE.

3:39 PM - It was a spectacular session for the Indian market that ended at the day's high with strong global cues. Sensex closed at 9661, up 499 points (provisional) and Nifty at 2927, up 143 points (provisional) from the previous close. CNX Midcap index was up 2.48% and BSE Smallcap index was up 1.75%. There was interest and buying in real estate, oil, cement and metals stocks. The market breadth was positive with advances at 857 against declines of 367 on the NSE.

3:32 PM - Book partial profits in Nifty future, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy. Next Nifty resistance lies in the range of 2964-3050, he adds.

3:30 PM - Hold Nifty futures with stop loss below 2860 and target of 2980-3030, says Rajat Bose, technical analyst, on CNBC-TV18, as closing market strategy. Hold JP Associates with a stop loss of Rs 72 and target of Rs 83, he adds.

3:24 PM - Buy Suzlon with a target price of Rs 54-58 and stop loss of Rs 40, says Hussein Wadharia, technical analyst of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 48, up 8.71% on the BSE.

3:18 PM - Buy Indiabulls Real Estate with a target price of Rs 132 and stop loss of Rs 99, says Nishant Jain, technical analyst of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 118, up 12.82% on the BSE.

3:15 PM - It would be surprising to see the current rally last till the month end, says Arnab Das of DKW, on CNBC TV18. The big picture is still one of sharp fall in global activity, he says. Deleveraging may have slowed but seizure in global trade is still on, he adds.

3:10 PM - Sensex is likely to see a 300 to 500 point rally in the near term on account of the stimulus package and rate cuts by the government, says Deepak Jasani of HDFC Securities, on NDTV Profit. But one can continue with a trading approach rather then go into investment mode in this market, he adds. There is a positive bias for banks, oil&gas and capital goods stocks, he says.

3:03 PM - The Indian market continues to look good. Sensex is trading at 9600, up 437 points and Nifty is at 2916, up 132 points from the previous close. CNX Midcap index is up 1.73% and BSE Smallcap index is up 1.11%. All sectoral indices are in the positive - BSE Realty index up 9%, BSE Metal index up 7%. The market breadth is positive with advances at 817 against declines of 397 on the NSE.

2:51 PM - Buy JP Associates with a target price of Rs 82-89 and stop loss of Rs 66, says Hussein Wadharia, technical analyst of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 71, up 4.73% on the BSE.

2:44 PM - Buy Aptech with a target price of Rs 80 and stop loss of Rs 58, says Nishant Jain, technical analyst of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 65, up 1.33% on the BSE.

2:35 PM - Buy Neyveli Lignite with a target price of Rs 65-71 and stop loss of Rs 53, says Husseini Wadharia, technical analyst of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 58, up 4.59% on the BSE.

2:26 PM - Buy Reliance Communications with a target price of Rs 245 and stop loss of Rs 204, says Nishant Jain, technical analyst of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 220, up 6.5% on the BSE.

2:16 PM - The market is seeing a pullback rally in a bear market, says Rajat Bose, technical analyst, on CNBC TV18. Nifty could rally up to 3000 plus levels in December, he says. Nifty rally could go to 3200-3400 into January but the bottom is not formed and the October low could be pierced, he adds.

2:08 PM - Hold Indiabulls Securities as it has a medium term target of Rs 35 where one can book profits, says Amarjeet Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 19, up 0.26% on the BSE.

2:01 PM - The European markets have opened in the positive. The Indian market is looking good. Sensex is trading at 9544, up 382 points and Nifty is at 2891, up 107 points from the previous close. CNX Midcap index is up 1.54% and BSE Smallcap index is up 1.16%. The market breadth is positive with advances at 824 against declines of 369 on the NSE.

1:52 PM - Buy Cairn India with a target price of Rs 160 and stop loss of Rs 144, says Nishant Jain, technical analyst of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 149, up 4.56% on the BSE.

1:45 PM - Hold Gujarat NRE Coke as it has a medium term target of Rs 55 where one can book profits, says Amarjeet Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 21, up 1.39% on the BSE.

1:37 PM - Credit Suisse maintains an outperform rating for BHEL with a target of Rs 1630, reports CNBC TV18. The stock is currently trading at Rs 1398, up 2.67% on the BSE.

1:30 PM - Sell Great Eastern Shipping with a target price of Rs 112 and stop loss of Rs 162, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 159, up 9.11% on the BSE.

1:19 PM - Hold IDBI Bank as it is seeing a pullback rally with resistance at Rs 67-70 where one can book profits, says Jatindar Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 60, up 1.95% on the BSE.

1:11 PM - The Asian markets are cheerful for the fourth day running. Good global cues make the Indian market put on more weight after a slow start. Sensex is trading at 9481, up 318 points and Nifty is at 2887, up 103 points from the previous close. CNX Midcap index is up 1.21% and BSE Smallcap index is up 0.95%. Good buying in realty, metal and oil and gas stocks. The market breadth is positive with advances at 809 against declines of 368 on the NSE.

1:03 PM - Angel Broking maintains 'accumulate' rating on Hero Honda Motors, with a target price of Rs 855, reports CNBC-TV18. The stock is currently trading at Rs 799, up 1% on the BSE.

12:56 PM - Above Rs 75, Kernex Micro can move up to Rs 100-110, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 72.60, up 0.5% on the BSE.

12:48 PM - HDFC Securities maintains 'buy' rating on Bharti Airtel, with a target price of Rs 964, reports CNBC-TV18. The stock is currently trading at Rs 718.10, up 2.5% on the BSE.

12:41 PM - One can look at buying or adding SBI close to Rs 1,075-1,035 for 1-1.5 years, says Gaurang Shah of Geojit Financial Services, on Zee Business. The stock is currently trading at Rs 1,177, up 0.8% on the BSE.

12:34 PM - If Satyam Computer closes below Rs 220, it will become weak, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 233.75, up 4.5% on the BSE.

12:27 PM - One can look at buying RPL at Rs 68-66 for 1.5-2 years, says Gaurang Shah of Geojit Financial Services, on Zee Business. The stock is currently trading at Rs 76.60, up 2.8% on the BSE.

12:17 PM - Astra Micro seems to have made a good base at Rs 40 or so, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock can go up to Rs 95-100, but one has to be patient for these levels, he adds. It is currently trading at Rs 51.10, down 1.6% on the BSE.

12:10 PM - One can hold or even buy BEL on dips, says Prakash Gaba, technical analyst, on CNBC Awaaz. It can go up to Rs 950-1,000, he adds. The stock is currently trading at Rs 718, down 1.7% on the BSE.

12:01 PM - Tata Steel needs to move past Rs 210-215 to have a target of Rs 258, says Neppolian Pillai, technial analyst, on CNBC-TV18. If it is not able to cross Rs 210-215, then it can fall to Rs 160 again, he adds. The stock is currently trading at Rs 204, up 4.1% on the BSE.

11:54 AM - Exit NELCO as soon as possible, because it can fall to Rs 28 too, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 36.90, up 0.3% on the BSE.

11:46 AM - Hold or even add Zicom for now, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock seems to have made a good base at Rs 40 and now can move up to Rs 100, he adds. It is currently trading at Rs 65.75, up 5% on the BSE.

11:36 AM - JP Morgan has a 'buy' rating on Reliance Industries, with a target price of Rs 1,750, reports CNBC Awaaz. The stock is currently trading at Rs 1,157.85, up 3.4% on the BSE.

11:27 AM - Short term investors/traders can book profits in SBI at Rs 1,220-1,225, says Gaurang Shah of Geojit Financial Services, on Zee Business. The stock is currently trading at Rs 1,158, down 0.9% on the BSE.

11:20 AM - NTPC is a good stock to hold for the long term, says Gaurang Shah of Geojit Financial Services, on Zee Business. One can look at accumulating it at its support levels of Rs 145-140-135, he adds. It is currently trading at Rs 167.80, up 0.8% on the BSE.

11:12 AM - Look to book profits in SAIL at Rs 77, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock has support at Rs 61-62, he adds. It is currently trading at Rs 76, up 10.5% on the BSE.

11:04 AM - The market is still trading higher. Sensex is at 9,328, up 166 points from the previous close. Nifty is at 2844, up 60 points. BSE Midcap index is up 0.7% and BSE Smallcap index, up 0.6%. Realty, metal and oil & gas stocks are rallying.

10:59 AM - One can look at buying Tata Power close to Rs 635 for the long term, says Gaurang Shah of Geojit Financial Services, on Zee Business. The stock is currently trading at Rs 696.40, up 1.3% on the BSE.

10:51 AM - RBI's move was larger than expected and one can look at further rate cuts, says Peter Redwood, Barclays Capital, on CNBC-TV18. Expect Repo rate to fall to 4.5% and CRR to 3.5% by mid-2009, he adds. India's fiscal stimulus will add about 0.5% to the GDP growth in FY10, he says.

10:44 AM - Balrampur Chini has support at Rs 30 and will face resistance at Rs 41, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 33.10, up 0.6% on the BSE.

10:37 AM - If the Nifty and Sensex close at 2820 and 9,320, respectively without a break, then the markets will see a upward trading rally, says Neppolian Pillai, technical analyst, on CNBC-TV18.

10:28 AM - Bharti Airtel has support at Rs 575 and resistance at Rs 740, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Exit the stock at higher levels, he suggests. The stock is currently trading at Rs 709.45, up 1.2% on the BSE.

10:22 AM - Idea Cellular can go up to Rs 56-57 now, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 52.65, up 3.5% on the BSE.

10:15 AM - The market may see a trading rally in the near-term as investors are buying now due to fundamentals falling in place, says R Venkat Subramanium of Kotak Securities, on CNBC-TV18. Falling inflation numbers, easing liquidity, and bubble burst in the commodity cycle are factors that would stabilise the market, he explains. However, he expects negative domestic and global news flows.

10:09 AM - Shorting at higher levels is recommended in ONGC, says Neppolian Pillai, technial analyst, on CNBC-TV18. The stock is currently trading at Rs 664.70, up 0.8% on the BSE.

10:02 AM - The market has opened higher on Wednesday. Sensex is at 9,341, up 178 points from the previous close. Nifty is at 2838, up 54 points.

9:55 AM - Reliance Industries will now face resistance at Rs 1,180-1,200, says Ashwani Gujral, technical analyst, on CNBC Awaaz. And it has support at Rs 1,030-1,035, he adds. The stock is at Rs 1,120 on the BSE.

9:48 AM - The first target for Nifty above 2850 is 2900-2950 now, says Neppolian Pillai, technial analyst, on CNBC-TV18. Once this is taken off, one can expect 3110 on the index, he adds.

9:44 AM - ONGC has support at Rs 612 and will face resistance at Rs 735, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is at Rs 659.45 on the BSE.

9:37 AM - Steel stocks are seeing trading rallies now and one must book profits in them at higher levels, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Tata Steel will face resistance at Rs 215-216, where one can exit the stock, he suggests. It has support at Rs 170-175, he adds. The stock is at Rs 196 on the BSE.

ninad avasare
Stock Trading Robot