4:03 PM - The market opened higher and remained in the positive terrain for most of the session. But profit booking forced it to close lower. Sensex ended the day at 8,839, down 252 points from the previous close. Nifty shut shop at 2682, down 72 points. BSE Midcap index lost 1.4% and BSE Smallcap index, 0.2%. Realty, consumer durables, banking, capital goods and power stocks witnessed profit booking in the second half of the session. Auto stocks too slipped due to dismal sales figures. Biggest losers on the Sensex include DLF, Maruti, ICICI Bank and Reliance Infrastructure.

4:00 PM - Buy Idea for a target of Rs 53-65, keeping a stoploss of Rs 44, says says Imtiaz Qureshi, technical analyst, on CNBC Awaaz. The stock is at Rs 44.60 on the BSE.

3:53 PM - One can buy Andhra Bank for a target of Rs 60-64, keeping a stoploss of Rs 47, says Imtiaz Qureshi, technical analyst, on CNBC Awaaz. The stock is at Rs 55.75 on the BSE.

3:41 PM - The European markets continue to look bad. The Indian market had a bad close as frontline stocks tumbled and volumes were extremely low. Sensex closed at 8831, down 260 points (provisional) and Nifty at 2686, down 68 points (provisional) from the previous close. CNX Midcap index was down 1.47% and BSE Smallcap index was down 0.13%. BSE Realty and BSE Auto index were both down nearly 5%. The market breadth was negative with advances at 563 against declines of 660 on the NSE.

3:33 PM - Market seen in a Nifty range of 2640-2830, so initiate short positions only below 2640, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.

3:28 PM - Avoid initiating longs on Nifty unless it closes above 2740, says Vijay Bhambwani, technical analyst, on CNBC-TV18, as closing market strategy.

3:23 PM - Buy Sesa Goa with a target of Rs 87-93, says Imtiaz Qureshi, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 71, he adds. The stock is currently trading at Rs 72, down 2.96% on the BSE.

3:20 PM - This is clearly a bear market, says Ashwani Gujral, technical analyst, on CNBC-TV18. Nifty around 2650 is a clear buy and around 2800 is a sell, he says. Nifty is unlikely to be able to cross 2800-3000 easily, he adds.

3:15 PM - The Mumbai terror attacks will not affect long-term sentiments, says Jeff Chowdhry of F&C Investment, on CNBC TV18. Many Indian blue chip companies look very attractive over a two-year view, he says. The market may end higher than today for the year end, he adds.

3:10 PM - Globally the markets have rallied 6-7% and on Thursday and Friday there was a good global rally that India missed due to Mumbai's terror attacks, says PN Vijay, investment advisor, on CNBC-TV18. So Indian market is likely to play a catch-up game and rally in the short term, he feels.

3:03 PM - The European markets continue to show weakness. The Indian market has turned choppy dragged down by interest rate sensitives like banking and autos. Sensex is trading at 8895, down 196 points and Nifty is at 2699, down 55 points from the previous close. CNX Midcap index is down 1.05% and BSE Smallcap index is down 0.02%. The market breadth is negative with advances at 581 against declines of 632 on the NSE.

2:54 PM - Hold Shriram Transports with a target of Rs 400 in 2-3 years, says Ashish Kapoor, CEO of Investshoppe, on CNBC Awaaz. The stock is currently trading at Rs 227, up 2.7% on the BSE.

2:45 PM - Buy ITC around Rs 177 with a target of Rs 183-195, says Imtiaz Qureshi, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 165, he adds. The stock is currently trading at Rs 167, down 3.4% on the BSE.

2:37 PM - Buy Indian Bank with a target of Rs 142, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 113, he adds. The stock is currently trading at Rs 122, down 0.57% on the BSE.

2:29 PM - Buy BHEL around Rs 1407 with a target of Rs 1484-1561-1572, says Imtiaz Qureshi, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 1313, he adds. The stock is currently trading at Rs 1309, down 3.79% on the BSE.

2:21 PM - The Indian Prime Minister Manmohan Singh takes over finance portfolio and former Finance Minister P Chidambaram takes over home ministry, reports NDTV Profit. Chidambaram assured that the country's growth momentum would be maintained, he adds. The PM's financial team includes Montek Singh Ahluwalia and Suresh Tendulkar.

2:13 PM - The market slips into the negative on poor global cues as Europe weakens. Sensex is trading at 9080, down 12 points and Nifty is at 2748, down 6 points from the previous close. The market breadth is positive with advances at 715 against declines of 481 on the NSE.

2:08 PM - This remains a bear market and no one should assume any rally is likely to sustain, says Ashwani Gujral, technical analyst, on CNBC-TV18. Nifty key levels are 2630 on the lower side and 2850 or maximum 2900 on the higher side, he says. The market is in a consolidation phase and if any of these key levels are broken there will be sharp moves, he feels. One can exit any longs and go short at Nifty 2850-2900, he adds.

2:00 PM - The European markets are trading weak. The Indian market is off the day's high but still in the positive. Sensex is trading at 9127, up 34 points and Nifty is at 2773, up 18 points from the previous close. CNX Midcap index is up 0.20% and BSE Smallcap index is up 0.90%. The market breadth is positive with advances at 748 against declines of 442 on the NSE.

1:54 PM - Karvy Stock Broking maintains a buy call on Nitin Fire with a target of Rs 360, reports Zee Business. The stock is currently trading at Rs 129, up 0.19% on the BSE.

1:47 PM - Crnindia.com maintains a buy call on HPCL with a target of Rs 250 and stop loss of Rs 230, reports CNBC Awaaz. The stock is currently trading at Rs 238, up 0.46% on the BSE.

1:39 PM - Hold Punj Lloyd as it has resistance at Rs 200 where one can exit the stock, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 142, up 4.17% on the BSE.

1:29 PM - SMC Global maintains a buy call on TCS with a target of Rs 640 and stop loss of Rs 497, reports CNBC Awaaz. The stock is currently trading at Rs 583, up 4.51% on the BSE.

1:21 PM - Karvy Stock Broking maintains a buy call on ACC with a target of Rs 530, reports Zee Business. The stock is currently trading at Rs 410, up 0.96% on the BSE.

1:12 PM - The Asian markets are trading mixed. The Indian market has seen a firm session with realty and metals surging. Sensex is trading at 9291, up 198 points and Nifty is at 2820, up 65 points from the previous close. CNX Midcap index is up 0.87% and BSE Smallcap index is up 1.14%. The market breadth is positive with advances at 818 against declines of 358 on the NSE.

1:00 PM - Angel Broking recommends 'buy' on Pantaloon Retail, with a target price of Rs 284, reports CNBC-TV18. The stock is currently trading at Rs 209, up 3.1% on the BSE.

12:53 PM - Exit Kingfisher Airlines between Rs 32-35, says Vijay Bhambwani, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 28.20, up 2.6% on the BSE.

12:46 PM - There can be further rate cuts and one can expect liquidity to improve by January, says Rashesh Shah, CMD and CEO, Edelweiss, on CNBC-TV18. FII selling has subdued and redemption pressures are now decreasing, he adds. Most funds have liquidated their positions in order to meet their cash needs, he says.

12:34 PM - In power, CESC can give 40-50% returns in the next in 8-12 months, says Rajesh Agarwal of CD Equisearch, on Zee Business. The stock is currently trading at Rs 209.60, up 6.2% on the BSE.

12:27 PM - Indian Hotels has broken down, but Rs 30-31 is a very strong support, says Ashwani Gujral, technical analyst, on CNBC-TV18. It needs to get back above Rs 45 and then Rs 49 broadly above Rs 50 for upside traction, he adds. The stock is currently trading at Rs 40.85, up 1.6% on the BSE.

12:20 PM - Pranav Securities has a 'sell' rating on Grasim, with a target price of Rs 824, reports CNBC Awaaz. The stock is currently trading at Rs 910.50, up 2.4% on the BSE.

12:12 PM - The going is still good for the market, though it is off the day's highs. Sensex is at 9,225, up 132 points from the previous close. Nifty is at 2803, up 48 points. Top gainers include JP Associates, Sterlite Industries, TCS and Reliance Communications, while losers are Maruti Suzuki, Mahindra & Mahindra, ICICI Bank and Tata Power, among others.

12:04 PM - Kotak has a 'sell' rating on Siemens, with a target price of Rs 370, reports CNBC Awaaz. The stock is currently trading at Rs 224.10, up 0.2% on the BSE.

11:57 AM - India won't escape a downturn, says Jon Harris, Regional Head of Research, BNP Paribas Securities (Asia), on CNBC-TV18. He remains pessimistic on the Indian market for the next few months. Stock-wise, he is positive on BHEL, Bharti, Infosys, and Hero Honda. These stocks have a good cash flow, he explains.

11:50 AM - If Mundra Port holds Rs 250, then it can possibily go up to Rs 300-320, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 270, up 4.9% on the BSE.

11:44 AM - PFC will face resistance at Rs 118-120, but once this is crossed, it can go up to Rs 135-140 in a good market, says Hitendra Vasudeo, techncial analyst, on CNBC Awaaz. Continue to hold it with a stoploss of Rs 105, he suggests. The stock is currently trading at Rs 112.50, up 2.3% on the BSE.

11:37 AM - In the short term, ONGC can go up to Rs 810, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. It has long term support at Rs 615, where maybe one can buy the stock, he suggests. It is currently trading at Rs 717, up 3.1% on the BSE.

11:29 AM - Sharekhan has a 'buy' rating on Sun Pharma, with a target price of Rs 1,469, reports CNBC Awaaz. The stock is currently trading at Rs 1,095, up 1.4% on the BSE.

11:23 AM - BHEL will face strong resistance at Rs 1,500, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. One can keep a stoploss of Rs 1,354 for now, he suggests. The stock is currently trading at Rs 1,384.50, up 1.7% on the BSE.

11:15 AM - Credit Suisse has a 'buy' rating on Wipro, with a target price of Rs 340, reports CNBC Awaaz. The stock is currently trading at Rs 247, up 1.5% on the BSE.

11:07 AM - The market is trading higher. Sensex is at 9,324, up 232 points from the previous close. Nifty is at 2832, up 77 points. BSE Midcap index is up 1.3% and BSE Smallcap index up 1.4%. Realty, oil & gas, banking, metal and consumer durable stocks are seeing significant buying attraction.

11:02 AM - HPCL has support at Rs 210 and can go up to Rs 260, says Ashwani Gujral, techncial analyst, on CNBC-TV18. The stock is currently trading at Rs 242, up 2.2% on the BSE.

10:55 AM - The Nifty will face strong resistance at 2850-2900, where one should take profits, says Ashwani Gujral, technical analyst, on CNBC-TV18. Play the counter trend and expect pressure at higher levels, he adds.

10:47 AM - IDFC looks weak and now has support at Rs 46-45, says Ashwani Gujral, technical analyst, on CNBC-TV18. On a pullback, it can possibly go up to Rs 65, he adds. The stock is currently trading at Rs 53.90, up 3.3% on the BSE.

10:40 AM - Satyam now has an upside target of Rs 260, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is at Rs 246, up 1.2% on the BSE.

10:32 AM - Infosys now has an upside target of Rs 1,300, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is at Rs 1,248, up 0.6% on the BSE.

10:24 AM - HDFC Bank can go up to Rs 985, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is at Rs 946.95, up 2.9% on the BSE.

10:18 AM - Reliance Capital looks weak on the technical charts and will face resistance at Rs 560, says Ashwani Gujral, technical analyst, on CNBC-TV18. It has support at Rs 405-400, he adds. The stock is currently trading at Rs 460.15, up 2.7% on the BSE.

10:11 AM - If Tata Motors falls below Rs 132-130, then it can slip all the way to Rs 110-109, says Prakash Gaba, technical analyst, on CNBC Awaaz. It looks weak on the charts and it is better to avoid it for now, he suggests. If you wish to buy ino autos, Mahindra & Mahindra looks like a better option, he adds. Tata Motors is currently trading at Rs 136.35 on the BSE.

10:02 AM - The market has opened higher on Monday. Sensex is at 9,183, up 91 points from the previous close. Nifty is at 2789, up 33 points.

9:56 AM - This remains to be a bear market and newer lows are possible, says Ashwani Gujral, technical analyst, on CNBC-TV18. So one can buy close to 2650-2600 on the Nifty and sell above 2800, he suggests. The Nifty will not cross 2900-3000 in a hurry, he adds.

9:49 AM - TCS has an upside target of Rs 610 now, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is at Rs 558.05 on the BSE.

9:44 AM - ICICI Bank can go up to Rs 380 now, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is at Rs 351.40 on the BSE.

9:38 AM - Sun Pharma has a strong psychological support at Rs 1,000, says Prakash Gaba, technical analyst, on CNBC Awaaz. But it looks weak on the techical charts and can possibly fall to Rs 800 or so, he adds. The stock is at Rs 1,080.20 on the BSE.

9:32 AM - The market seems to be making a base now, says Prakash Gaba, technical analyst, on CNBC Awaaz. If the Sensex breaks out of the level of 9235, then one will see an upmove start, he adds.

ninad avasare
Doubling Stocks