4:03 PM - The Indian market underperformed its global peers that saw strong rallies today. The market discounted positive triggers of monetary package and good state election results making experts believe that a breakdown is on the cards. The market will be closed tomorrow on account of Bakri Id. Sensex shut shop at 9162, up 197 points and Nifty at 2784, up 69 points from the previous close. CNX Midcap index was down 0.82% and BSE Smallcap index was up 0.59%. The market breadth was positive with advances at 731 against declines of 497 on the NSE. Top Nifty gainers included DLF, Tata Steel and Cairn while losers included BPCL, Mahindra & Mahindra and Satyams.

3:57 PM - Hold Yes Bank with a target of Rs 85-86, says Jatindar Sharma, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 62, he adds. The stock is currently trading at Rs 67, up 3.75% on the BSE.

3:55 PM - There was a clear absence of buyers despite positive triggers today, says Rajesh Jain of Pranav Securities, on CNBC TV18. The domestic buyers reluctance to invest in portfolio building and absence of FIIs saw Nifty unable to cross 2800, he says. But the latter half of December is likely to see Nifty range of 3000-3200, he adds.

3:49 PM - It's a classic bear market scenario, as despite volley of good news the market was unable to cross Nifty resistance of 2800, says Ashwani Gujral, technical analyst, on CNBC-TV18. Over time, the market is likely to see a breakdown on account of a global trigger, he feels. So this is not a bottom formation but just a rally, he adds.

3:41 PM - It was a tepid close for the market that slipped nearly 265 points from the day's high led by banking and oil and gas stocks. Sensex closed trade at 9161, up 195 points (provisional) and Nifty at 2786, up 71 points (provisional) from the previous close. CNX Midcap index was down 0.90% and BSE Smallcap index was up 0.65%. The market breadth was positive with advances at 711 against declines of 511 on the NSE.

3:35 PM - Avoid holding long positions as Sensex failed to close above 9320, says Anil Maghnanai, technical analyst, on CNBC TV18 as closing market strategy. Buy Nifty range 2680-2724 with a stop loss of 2639, he adds.

3:32 PM - Square off long positions if Nifty were to close below 2775, says Vijay Bhambwani, technical analyst, on CNBC TV18 as closing market strategy. Buy RPL with a target of Rs 78 and stop loss of Rs 72, he adds.

3:28 PM - Sell Kotak Mahindra Bank with a target price of Rs 320, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 385, he adds. The stock is currently trading at Rs 354, down 1.52% on the BSE.

3:23 PM - Hold Tata Steel with a short-term target of Rs 220-225, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 194, up 6.29% on the BSE.

3:18 PM - Investors need to wait and watch till there is more clarity, says Daljeet Kohli of Emkay Shares and Stock Brokers on NDTV Profit. There is no need to hurry and preempt the bottom of the market, he adds. Time is the only healer for this market and once the direction is clear one can enter, he feels.

3:12 PM - The market was deeply oversold and rate cuts added a stimulus thus the surge today, says Amit Khurana of Collin Stewart India on NDTV Profit. The market could rally for a few weeks but one cannot read this as a directional change and there is still a strong possibility that the market could retest the October lows, he says.

ninad avasare
Stock Trading Robot
3:07 PM - The short for the market looks good and elections augur well, feels VK Sharma of Anagram Broking, on CNBC TV18. A close above 2865 on Nifty could see this rally go to 3000-3200, he adds.

3:02 PM - The Asian markets closed strong while European markets have posted a good rally. The Indian market is off the day's high but still trading firm. Sensex is trading at 9287, up 322 points and Nifty is at 2819, up 105 points from the previous close. CNX Midcap index is down 0.27% and BSE Smallcap index is up 1.114%. There is buying in realty, metals and banking stocks. The market breadth is positive with advances at 825 against declines of 374 on the NSE.

2:57 PM - Sell Tata Power with a target price of Rs 660, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 750, he adds. The stock is currently trading at Rs 704, up 5.25% on the BSE.

2:50 PM - Hold Unitech with a short-term target of Rs 38-50 where one can books profits, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 33, up 8.7% on the BSE.

2:42 PM - Sell Unitech with a target price of Rs 25, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 36, he adds. The stock is currently trading at Rs 33, up 8.7% on the BSE.

2:35 PM - Buy Hero Honda for the short and long term as it could be a market outperformer, it has a target of Rs 840-850 in the long term, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 799, up 5.07% on the BSE.

2:29 PM - Sell ONGC with a target price of Rs 620, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 700, he adds. The stock is currently trading at Rs 680, up 3.84% on the BSE.

2:21 PM - Crnindia.com maintains a buy call on Ambuja Cement with a target of Rs 60 and stop loss of Rs 52, reports CNBC Awaaz. The stock is currently trading at Rs 59, up 9.7% on the BSE.

2:15 PM - Sell Hindustan Petrochemicals with a target price of Rs 190 and stop loss of Rs 244, reports SMC Global on CNBC Awaaz. The stock is currently trading at Rs 197, up 8.10% on the BSE.

2:07 PM - The European markets are trading firm. Good global cheer helps market put on more weight. Sensex is trading at 9412, up 447 points and Nifty is at 2852, up 138 points from the previous close. CNX Midcap index is up 0.61% and BSE Smallcap index is up 1.43%. BSE Realty index is up 7.2%, BSE Metal and BSE Power index both up 5% and BSE Bankex index up 4.5%. The market breadth is positive with advances at 907 against declines of 305 on the NSE.

1:57 PM - LIC Housing Finance to invest over Rs 40,000 crore in the secondary markets in FY2008-2009, reports CNBC Awaaz. The stock is currently trading at Rs 219, up 3.64% on the BSE.

1:51 PM - Sell Tata Steel with a target price of Rs 150 and stop loss of Rs 215, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 197, up 8.10% on the BSE.

1:44 PM - Credit Suisse maintains an outperform rating for L&T with a target of Rs 1115, reports CNBC TV18. The stock is currently trading at Rs 756, up 3.83% on the BSE.

1:37 PM - Angel Broking has a 'buy' rating on Tulip Telecom, with a target of Rs 602, reports CNBC-TV18. The stock is currently trading at Rs 409.35, up 1.1% on the BSE.

1:30 PM - J Kumar Infra bags orders worth Rs 559 crore, reports CNBC TV18. The stock is currently trading at Rs 71, up 7.84% on the BSE.

1:23 PM - The market is likely to move sideways for the next three months, says Sandeep Bhatia of Kotak Securities, on CNBC TV18. The market may see a significant period of stress going ahead on account of corporate results, he feels. The January-March quarter may not be good, he says. The market is unlikely to see a clear rally until May once a new government settles in and elections are out of the way, he adds. On the monetary front, more needs to be done and a 100 bps cut by January is not ruled out, he says.

1:15 PM - The Asian markets are surging ahead. The Indian market is looking good against a news heavy backdrop of positive global cues, RBI rate cuts and state elections at home. Sensex is trading at 9294, up 329 points and Nifty is at 2814, up 100 points from the previous close. CNX Midcap index is up 0.37% and BSE Smallcap index is up 1.16%. Good buying in realty, banking and power stocks. The market breadth is positive with advances at 857 against declines of 337 on the NSE.

1:05 PM - Union Bank cuts BPLR by 75 bps to 12.5% effective today, reports CNBC TV18. The stock is currently trading at Rs 146, down 0.14% on the BSE.

12:58 PM - If you are a short-term trader, then there maybe more steam left in Unitech, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. Long-term investors should not even be looking at the stock, but momentum traders may have another 15-20% here, he says. So look to buy Unitech on any intraday dip, he suggests. The stock is at Rs 33.45, up 8.6% on the BSE.

12:51 PM - Taj GVK can go up to Rs 50-60, where one should book profits in the stock, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. On the downside, it will stabilise at Rs 30-20, where one can average/buy, he suggests. The stock is currently trading at Rs 38.90, up 0.8% on the BSE.

12:44 PM - Country Club India is a momentum based stock and therefore it should be avoided for now, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. It can fall to Rs 14, he adds. It is currently trading at Rs 18.50, up 3.6% on the BSE.

12:36 PM - HSBC has a 'sell' rating on Anant Raj Industries, with a target price of Rs 50, reports CNBC Awaaz. The stock is currently trading at Rs 55, up 1.5% on the BSE.

12:28 PM - ICICI Bank has support at Rs 285-300 and resistance at Rs 490 or so, says Vijay Bhambwani, technical analyst, on CNBC-TV18. As an investor, one can continue to hold on, he suggests. The stock is currently trading at Rs 376, up 4.9% on the BSE.

12:21 PM - Continue to hold Thomas Cook for now and book profits at Rs 55-60, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock has support at Rs 39, he adds. It is currently trading at Rs 42.90, up 2.9% on the BSE.

12:14 PM - UBS has a 'buy' rating on Reliance Industries, with a target price of Rs 2,000, reports CNBC Awaaz. The stock is currently trading at Rs 1,154.10, up 3.2% on the BSE.

12:06 PM - If weakens continues, then Hotel Leela can fall to Rs 14-8, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. So keep a stoploss of Rs 17 and continue to hold for now, he suggests. And exit at Rs 25-30, he adds. The stock is currently trading at Rs 18.65, down 1.3% on the BSE.

11:58 AM - If you have a short term view on EIH, then book profits close to Rs 130, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. It can fall to Rs 107 and maybe even Rs 90-70 or so, where one can buy for the long term, he adds. The stock is currently trading at Rs 118, down over 5% on the BSE.

11:51 AM - Capital goods and construction stocks will do very good in the next 3ΓΏ4 months, says PN Vijay, Portfolio Manager, on CNBC-TV18.

11:44 AM - One can look at buying / adding Indian Hotels at Rs 27-26 for the long term, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. If one wants to exit in the short term, then look at doing so at Rs 55-65, he suggests. The stock is currently trading at Rs 38.90, down 1.8% on the BSE.

11:37 AM - Karvy Stock Broking maintains 'buy' rating on Indian Overseas Bank, with a target price of Rs 144, reports CNBC-TV18. The stock is currently trading at Rs 67.80, up 1.4% on the BSE.

11:29 AM - Steel stocks will not see any action at least till September 2009, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. It is better to look at power and capital stocks till then, he suggests.

11:22 AM - The Nifty has been pushing against 2750 again, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. If this level is broken, one should go long, keeping stoplosses and hope for the best, he says. Investors should trade on the long side and not on the short side, he suggests.

11:15 AM - US and UK economies are likely to see negative growth going forward, says Jim Walker of Asianomics, on CNBC-TV18. China's GDP growth is likely to slow down to 0-4% and India's to 3-5%, he adds.

11:08 AM - Mahindra & Mahindra seems to have made a base at Rs 250, says Prakash Gaba, technical analyst, on CNBC Awaaz. It can go up to Rs 300, but will take time to do so, he adds. The stock is currently trading at Rs 264.55, up 4.9% on the BSE.

11:01 AM - The market is still trading up, though off the day's highs. Sensex is at 9,253, up 288 points from the previous close. Nifty is at 2802, up 88 points. BSE Midcap index is up 1.5% and BSE Smallcap index, up 1.7%. Buying is seen across the board, with realty, metal, capital goods, power, consumer durables and banking stocks attracting significant interest.

10:54 AM - Reliance Communications can go up to Rs 228-235, where it will face resistance, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It has support at Rs 180, he adds. The stock is currently trading at Rs 210.10, up 6.5% on the BSE.

10:48 AM - Economic news is getting worse and markets may not be able to sustain gains, says Jim Walker of Asianomics, on CNBC-TV18. One is likely to see a sell-off before a good buying opportunity comes, he adds. But the worst will be over by 2009-end and one can expect better times by 2010, he says.

10:41 AM - Karvy Stock Broking has a 'buy' rating on City Union Bank, with a target price of Rs 31, reports Zee Business. The stock is currently trading at Rs 13.44, up 3.3% on the BSE.

10:32 AM - In capital goods, BHEL and L&T are excellent picks, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The brokerage has 12-15-month target of Rs 2,200 on BHEL, he adds. The stock is at Rs 1,393, up over 4% on the BSE.

10:22 AM - Maruti Suzuki has strong support at Rs 480, says Prakash Gaba, technical analyst, on CNBC Awaaz. It can go up to Rs 510-520, he adds. The stock is currently trading at Rs 516.15, up 5.3% on the BSE.

10:22 AM - Tata Steel has a possible target of Rs 210-220, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 192.15, up 5.1% on the BSE.

10:22 AM - Maruti Suzuki has strong support at Rs 480, says Prakash Gaba, technical analyst, on CNBC Awaaz. It can go up to Rs 510-520, he adds. The stock is currently trading at Rs 516.15, up 5.3% on the BSE.

10:16 AM - Above Rs 375, ICICI Bank can go up to Rs 450, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 380.90, up 6.3% on the BSE.

10:09 AM - DLF will face resistances at Rs 228 and then at Rs 244, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 218.80, up 7.7% on the BSE.

10:02 AM - The market has opened higher on Monday and is still moving higher. Sensex is at 9,406, up 441 points from the previous close. Nifty is at 2832, up 117 points.

9:52 AM - Unitech seems to have made a base at Rs 26-27, says Prakash Gaba, technical analyst, on CNBC Awaaz. A target price of Rs 42-45 is possible here, he adds. The stock is at Rs 30.80 on the BSE.

9:43 AM - If HDFC Bank moves above Rs 950, the it has a target of Rs 1,050, says says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is at Rs 888.85, down 2.6% on the BSE.

9:35 AM - If Sensex can break out of 9,326, then one can see it go to levels like 10,325 or so, says Prakash Gaba, technical analyst, on CNBC Awaaz.

ninad avasare
Stock Trading Robot