4:19 PM - The week belonged to midcaps and to some extent smallcaps. While the Sensex and Nify lost nearly 1.5% over the last five trading sessions, CNX Midcap index gained 1.5% and BSE Smallcap index gained 0.7%. Sector-wise, BSE Metal index gained 6%, whereas BSE IT index lost 7.5%.

4:09 PM - The market witnessed significant profit booking today, ahead of expected important policy announcements this weekend. Sensex ended the day at 8,964, down 265 points from the previous close. Nifty shut shop at 2713, down 74 points. BSE Midcap index lost 1% and BSE Smallcap index, 0.3%. Consumer durables, IT, realty, metal and oil & gas stocks witnessed selling pressure. Biggest losers on the Sensex include JP Associates, TCS, Infosys, DLF and HDFC.

3:59 PM - SBI will face strong resistance at Rs 1,180-1,200, says Ashwani Gujral, technical analyst, on CNBC-TV18. It has support at Rs 1,000-980, he adds. The stock is at Rs 1,135.60, down 2.9% on the BSE.

3:50 PM - Continue to hold NDTV keeping a stoploss of Rs 85, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock can go up to Rs 145-150 in 2 months' time, he adds. It is at Rs 107.15, up 14.6% on the BSE.

3:42 PM - TV Today will face resistance at Rs 66, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is at Rs 65.25, up 4% on the BSE.

3:36 PM - It was mostly a down day for the market today, but a bout of selling towrads the end of the session pulled it even lower. Sensex ended the day at 8,964, down 265 points (provisional) from the previous close. Nifty shut shop at 2713, down 74 (provisional).

3:25 PM - Exit short positions in Nifty futures, says Rahul Mohindar, technical analyst, as market closing strategy, on CNBC-TV18. Nifty now has key support at 2650 and key resistance at 2830, he adds.

3:21 PM - Buy Siemens for targets of Rs 254 and Rs 289, says Sharekhan, reports CNBC Awaaz. Keep a stoploss of Rs 208.70, it suggests. The stock is currently trading at Rs 232.45, up 0.4% on the BSE.

3:18 PM - One can exit Zee Entertainment at Rs 155 or so, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 117.60, down 3.5% on the BSE.

3:08 PM - LIC Housing can go up to Rs 240-245, where it will face strong resistance, says Vijay Bhambwani, technical aanlyst, on CNBC Awaaz. The stock is currently trading at Rs 201.80, down 8.8% on the BSE.

3:01 PM - Adlabs will face resistance at Rs 165-170, where one should exit the stock, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 164, up 4.5% on the BSE.

2:53 PM - Buy Welspun Gujarat for targets of Rs 99 and Rs 114, says Sharekhan, reports CNBC Awaaz. Keep a stoploss around Rs 77.40, it suggests. The stock is currently trading at Rs 83.15, down 5.5% on the BSE.

2:45 PM - It is best to stay away from airline stocks like Jet Airways for now, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 135.50, down 6.4% on the BSE.

2:37 PM - Buy Divis Labs close to Rs 1,100 for a target of Rs 1,340, keeping a stoploss of Rs 1,000, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1,214.50, up 2.5% on the BSE.

2:29 PM - Buy Maruti Suzuki for targets of Rs 547 and Rs 614, says Sharekhan, reports CNBC Awaaz. Keep a stoploss around Rs 447.40, it suggests. The stock is currently trading at Rs 489.25, up 0.4% on the BSE.

2:21 PM - Angel Broking has a target price of Rs 284 on Pantaloon Retail, reports CNBC-TV18. The stock is currently trading at Rs 217, up 3.2% on the BSE.

2:13 PM - One can buy Reliance Industries for targets of Rs 1,254 and Rs 1,349, says Sharekhan, reports CNBC Awaaz. Keep a stoploss of Rs 1,077 here, it suggests. The stock is currently trading at Rs 1,153.20, down 0.5% on the BSE.

2:07 PM - Buy Andhra Bank at Rs 53 for a target of Rs 65, says Neera Jain, technical analyst, on CNBC Awaaz. Keep a stoploss of Rs 49, she suggests. The stock is currently trading at Rs 59, up 0.3% on the BSE.

2:00 PM - Buy Colgate with a target price of Rs 425, keeping a stoploss of Rs 380, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 400, down 0.7% on the BSE.

1:52 PM - One can look at buying Power Grid at Rs 70 or so for a target of Rs 80, says Neera Jain, technical analyst, on CNBC Awaaz. Keep a stoploss of Rs 67 here, she suggests. The stock is crrently trading at Rs 78.35 on the BSE.

1:43 PM - One can continue to hold Sun Pharma as it is a safe and sound stock, says Ashish Kapoor of Investshoppe, on Zee Business. The stock is currently trading at Rs 1,010, down 1.9% on the BSE.

1:36 PM - Motilal Oswal maintains 'buy' rating on Tata Steel, with a target of Rs 361, reports CNBC-TV18. The stock is currently trading at Rs 182.40, down 2.7% on the BSE.

1:27 PM - Emkay has a 'buy' rating on BHEL, with a target price of Rs 1,520, reports Zee Business. The stock is currently trading at Rs 1,364.70, up 0.5% on the BSE.

1:19 PM - Mundra Port is a fundmentally strong stock and one can continue to hold it, says Ashish Kapoor of Investshoppe, on Zee Business. One can even buy it now for 2-3 years, he suggests. The stock is currently trading at Rs 277, up 2.2% on the BSE.

1:12 PM - Karvy Stock Broking recommends 'buy' on PNB, with a target price of Rs 627, reports Zee Business. The stock is currently trading at Rs 453.40, up 0.5% on the BSE.

1:03 PM - One can hold Jagran Prakashan and wait for 10-15% of upmove before exit, says Rahul Mohindar, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 51.65, up 2.2% on the BSE.

12:54 PM - One can exit Suzlon Energy at Rs 50-52, says Rahul Mohindar, technical analyst, on CNBC-TV18. One can switch to NTPC instead, he suggests. Suzlon is currently trading at Rs 43.25, up 4.3% on the BSE.

12:45 PM - The market is still trading in the negative terrain. Sensex is at 9,097, down 131 points from the previous close. Nifty is at 2755, down 32 points. BSE Midcap index has lost 0.3% so far, but BSE Smallcap index, up 0.1%. All BSE sectoral indexes are trading lower, except BSE Auto, up 0.5%.

12:41 PM - Angel Broking maintains 'buy' rating on Reliance Industries, with a target price of Rs 1,880, reports CNBC-TV18. The stock is currently trading at Rs 1,134.70, down over 2% on the BSE.

12:32 PM - Hold L&T, keeping a stoploss below Rs 700, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. And book profits part-by-part at Rs 800 and Rs 840, he suggests. The stock is currently trading at Rs 733.20, down 1.9% on the BSE.

12:24 PM - Auto stocks are pricing in bad news already and more downside can be expected here, says Suresh Mahadevan, HoR, UBS Securities, on CNBC-TV18. The brokerage is negative on oil marketing companies and negative-to-neutral on steel companies, he says. It is selectively bullish on infrastructure space in the long-term, but currently not confident, he adds.

12:15 PM - Jammu & Kashmir Bank has support at Rs 280 and will face resistance at Rs 380, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. It has a long term target of Rs 490, she adds. The stock is at Rs 336.30, up 3.8% on the BSE.

12:05 PM - SBI loan book growth is aggressive and could result in negative fundamentals, says Suresh Mahadevan, HoR, UBS Securities, on CNBC-TV18. The stock is currently trading at Rs 1,166, down 0.3% on the BSE.

11:55 AM - ICICI Bank has 1-1.5 years' target of Rs 625, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock has support at Rs 305, she adds. It is currently trading at Rs 364.15 on the BSE.

11:46 AM - SBI has a 6-month target of Rs 1,590, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock has support at Rs 950, she adds. It is currently trading at Rs 1,180.30, up 0.9% on the BSE.

11:37 AM - BHEL has strong support at Rs 980 and will face stiff resistance at Rs 1,630, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. So one can hold for now and exit and higher levels, she suggests. The stock is currently trading at Rs 1,330.10, down over 2% on the BSE.

11:29 AM - ICICI Bank is trading at close to distress valuations and is a good buy right now, says Suresh Mahadevan, HoR, UBS Securities, on CNBC-TV18. The stock is currently trading at Rs 373.25, up 2.5% on the BSE.

11:21 AM - Opto Circuits has support at Rs 70-75 and has strong resistance at Rs 95-100, says Rajesh Jain of SMC Global, on Zee Business. The stock is currently trading at Rs 75.35, up 5.5% on the BSE.

11:14 AM - The Sensex has a target of 13,500, says Suresh Mahadevan, HoR, UBS Securities, on CNBC-TV18. He expects a 5% growth in earnings in FY09 and a flat growth in FY10. Economic growth is likely to revive by second half of 2009, he says. A rally in the stock market is likely before elections, he adds.

11:07 AM - Hold LIC Housing for a target price of Rs 240 and exit it there, says Rajesh Jain of SMC Global, on Zee Business. The stock is currently trading at Rs 215.75, down 2.5% on the BSE.

10:57 AM - If HDIL can move above Rs 97, one can see levels of Rs 114-119, says Rajat Bose, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 96.60, up 4.6% on the BSE.

10:48 AM - Karvy Stock Broking maintains 'buy' rating on Tata Steel, with a target price of Rs 386, reports CNBC-TV18. The stock is currently trading at Rs 186.10, down 0.2% on the BSE.

10:41 AM - For TV Today Network, Rs 65 is quite crucial level, says Rajat Bose, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 65.95, up 5.1% on the BSE.

10:33 AM - One can continue to hold Suzlon keeping a stoploss of Rs 38 for a target of Rs 50, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is at Rs 43.70, up 5.4% on the BSE.

10:25 AM - Crude prices will not sustain at current levels, says Sanjeev Prasad, Head-Research, Kotak Securities, on CNBC-TV18. But oil companies like Reliance will not suffer much, he adds.

10:17 AM - NDTV has initial resistance at Rs 107, says Rajat Bose, technical analyst, on CNBC-TV18. If it takes out Rs 107-117 in this pullback rally, then it can move up further, he adds. The stock is currently trading at Rs 99.65, up 6.6% on the BSE.

10:09 AM - Reliance Industries will face first resistance at Rs 1,220. says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. Above this, it can go up to Rs 1,280, where it has strong resistance, he adds. The stock is at Rs 1,159, up 8.4% on the BSE.

10:02 AM - The market has opened slightly lower on Friday and continues to slip further. Sensex is at 9,160, down 68 points from the previous close. Nifty is at 2779, down down 6 points.

9:53 AM - At 2759-2733 on the Nifty, one can look at going long in the market, says Rajat Bose, technical analyst, on CNBC-TV18.

9:46 AM - There's technical weakness in banking stocks now, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. They are bouncing on expectations of interest rate cuts, he explains. Use these bounces to book profits in them, he suggests.

9:39 AM - The next resistance for the Nifty comes at 2850, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. For the next few weeks, the index will be in a tarding range of 2500-3000, he says. Keep a stoploss of 2500 and buy on dips, and sell close to 3000, he suggests.

ninad avasare
Stock Trading Robot