4:00 PM - It was a lackluster day for the Indian market that saw pressure from weak global markets. Sensex shut shop at 9928, down 171 points and Nifty at 3039, down 38 points from the previous close. CNX Midcap index was down 0.57% and BSE Smallcap index was down 0.24%. The market breadth was positive with advances at 554 against declines of 686 on the NSE. Top Nifty gainers included Tata Motors, Cairn and Suzlon while losers included ICICI Bank, BPCL and RIL.

3:55 PM - Buy PTC with a short-term target of Rs 90, says PK Agarwal, technical analyst, on CNBC TV18. The stock is currently trading at Rs 67, up 0.37% on the BSE.

3:50 PM - Buy Reliance Capital with a target of Rs 621-656 and stop loss of Rs 463, says Imtiaz Quereshi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 570, up 2.47% on the BSE.

3:48 PM - We are in the midst of a large pullback rally that is likely to sustain for another two to three months, says Ashwani Gujral, technical analyst, on CNBC-TV18. In a correction, one can buy around Nifty levels of 2900, he adds.

3:45 PM - The market is likely to see short covering ahead of F&O expiry and due to a truncated week ahead (Thursday holiday on account of Christmas Day), says Vijay Bhambwani, technical analyst, on CNBC-TV18. Nifty has support at 2880-2900 and resistance at 3125, he says. The possibility of an upside is better than the market sliding down, he adds.

3:38 PM - The Asian markets closed in the negative and the European markets were trading weak. The Indian market saw a lackluster session with profit booking in last hour of trade. Sensex closed at 9940, down 159 points (provisional) and Nifty at 3045, down 31 points (provisional) from the previous close. CNX Midcap index was down 0.33% and BSE Smallcap index was down 0.11%. The market breadth was positive with advances at 574 against declines of 664 on the NSE.

3:31 PM - Hold Nifty long with stop loss below 3010, says Rajat Bose, technical analyst, on CNBC-TV18, as closing market strategy.

3:29 PM - Initiate Nifty long with support at 2900 and resistance at 3100, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.

3:27 PM - Buy Power Grid with a short-term target of Rs 90-94, says Rajat Bose, technical analyst, on CNBC TV18. The stock is currently trading at Rs 82, down 0.57% on the BSE.

3:24 PM - Buy Tata Power with a target of Rs 798 and stop loss of Rs 704, says Imtiaz Quereshi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 741, up 0.57% on the BSE.

3:20 PM - Hold JP Associates as it has resistance at Rs 100 after which it can see a breakout and rally further, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 88, down 0.06% on the BSE.

3:16 PM - There is more steam left to this bear market pullback rally, says Russell Napier of CLSA, on CNBC TV18. The market is likely to see rally in corporate bonds, he says. If commodity prices do not stabilise, the market could retest the October lows, he adds. Domestic consumption is the major positive for emerging markets, he adds.

3:09 PM - The year 2009 will be more cheerful for equity investors, says Adrian Mowat of JP Morgan, on NDTV Profit. One can go bullish on the FMCG and IT space as a weak rupee will benefit IT companies, he adds.

3:04 PM - The market is trading at the day's lows. Sensex is trading at 9940, down 159 points and Nifty is at 3042, down 34 points from the previous close. CNX Midcap index is down 0.55% and BSE Smallcap index is down 0.99%. The market breadth is negative with advances at 602 against declines of 627 on the NSE.

2:59 PM - Buy Sterlite Industries with a target of Rs 309-315 and stop loss of Rs 254, says Imtiaz Quereshi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 283, up 1.14% on the BSE.

2:51 PM - TCS has support at Rs 460, but will face resistance at Rs 600, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 512, down 0.23% on the BSE.

2:44 PM - Buy L&T with a target of Rs 910-951 and stop loss of Rs 760, says Imtiaz Quereshi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 816, down 0.26% on the BSE.

2:38 PM - Buy LIC Housing Finance with a target of Rs 264 and stop loss of Rs 200, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 226, up 1.27% on the BSE.

2:31 PM - SMC Global Securities maintains a buy call on BHEL with a target of Rs 1655 and stop loss of Rs 1304, reports CNBC Awaaz. The stock is currently trading at Rs 1413, down 1.67% on the BSE.

2:22 PM - Reliance Capital will face a number of resistances at Rs 610-710-724, where one can look at booking partial profits, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 573, up 3.07% on the BSE.

2:15 PM - The market is likely to be lackluster and in a range until F&O expiry this week, says Phani Shekhar of Angel Broking, on CNBC Awaaz. International cues are likely to be mixed going forward, he says. One can stay with the defensive sector and buy stocks like HUL, ITC, Cipla and Ranbaxy, he adds.

2:08 PM - This is the last leg of the pullback rally, says Rajat Bose, technical analyst, on CNBC TV18. If Nifty sustains above the strong resistance of 3118 then a good upswing is possible, he feels. It is not advisable to go much on the long side, he adds.

2:00 PM - The European markets are trading weak. Poor global cues are seeing the Indian market under pressure and heavyweights are dragging down the market further. Sensex is trading at 10030, down 69 points and Nifty is at 3067, up 10 points from the previous close. CNX Midcap index is up 0.36% and BSE Smallcap index is up 0.44%. The market breadth is positive with advances at 711 against declines of 498 on the NSE.

1:51 PM - Hold IDFC as it has resistance at Rs 74-75 after which it can see a breakout and rally further, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 68, down 2.50% on the BSE.

1:43 PM - Buy BGR Energy with a short-term target of Rs 200-220 and long-term target of Rs 275-300, says Ashish Maheshwari of Globe Capital, on CNBC Awaaz. The company has an order book of Rs 11000 crore, he adds. The stock is currently trading at Rs 164, up 6.21% on the BSE.

1:35 PM - Sell United Spirits with a target price of Rs 910-851 and stop loss of Rs 1005, says Sanjeev Agarwal of Globe Capital Markets, on CNBC Awaaz. The stock is currently trading at Rs 947, down 2.20% on the BSE.

1:27 PM - Buy HCC with a target price of Rs 70 in the long term, says Hitesh Agarwal of Angel Broking, on CNBC TV18. The company has an order book of Rs 9000 crore, he adds. The stock is currently trading at Rs 53, up 1.51% on the BSE.

1:20 PM - BHEL has bagged orders worth Rs 1175 crore from the Madhya Pradesh power unit, reports CNBC TV18. The stock is currently trading at Rs 1427, down 0.75% on the BSE.

1:13 PM - The Asian markets are trading weak. The Indian market is picking up after a quiet start. Real estate, banking and auto stocks are leading the rally. Sensex is trading at 10141, up 41 points and Nifty is at 3101, up 24 points from the previous close. CNX Midcap index is up 1.11% and BSE Smallcap index is up 0.95%. The market breadth is positive with advances at 836 against declines of 355 on the NSE.

1:06 PM - Buy Pidilite around Rs 90-95 with a target of Rs 132-140 and stop loss of Rs 75, says Vijay Bhambwani, on CNBC TV18. The stock is currently trading at Rs 113, up 11.46% on the BSE.

12:57 PM - Infosys has support at Rs 1,080 and will face resistance at Rs 1,300, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 1,182.20, down 0.4% on the BSE.

12:49 PM - ITC's upside seems to be capped at Rs 200 for the short term, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. On the downside, on can accumulate the stock at Rs 150-130, he suggests. Keep a stoploss of Rs 170 here, he suggests. The stock is currently trading at Rs 178, down 0.2% on the BSE.

12:42 PM - IVRCL Infrastructure has support at Rs 134, which can be the stoploss, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. On the upside, the stock will face resistance at Rs 172-188, he adds. The stock is currently trading at Rs 151.65, up 4.6% on the BSE.

12:34 PM - Sharekhan recommends 'buy' on DLF, with a stoploss of Rs 287.30 for the targets of Rs 349 and Rs 394, reports CNBC-TV18. The stock is currently trading at Rs 319.80, up 4.1% on the BSE.

12:26 PM - Ambuja Cements has support at Rs 65 and wil face resistance at Rs 90, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 72.25, up 1.7% on the BSE.

12:22 PM - Tata Steel will gace short-medium term resistance at Rs 250, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. If this is taken off, the stock can move up to Rs 275-300 too, he adds. On the downside, one can look at buying the stock at Rs 175-150 or lower, he suggests. For long positions, keep a stoploss of Rs 205, he adds. It is currently trading at Rs 232.25, up 1.5% on the BSE.

12:07 PM - Petronet LNG has support at Rs 33 and can head up to Rs 45, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 39.20, up 9.8% on the BSE.

11:57 AM - It is best to avoid Idea Cellular for fresh investment now, as it still needs to consolidate, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. But one can look at buying the stock if it falls to Rs 40-34 or so, he suggests. On the upside, it will gain momentum only above Rs 60-65, he says. The stock is currently trading at Rs 51.60, down 2.3% on the BSE.

11:49 AM - Voltas can go up to Rs 65 now, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 59.40, up 1.3% on the BSE.

11:42 AM - Unitech has a target price of Rs 50, where one should book profits, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 47.85, up 8.1% on the BSE.

11:34 AM - DLF has support at Rs 250 now, says Ashwani Gujral, technical analyst, on CNBC-TV18. It can now head up to Rs 354 and then 441, he adds. The stock is currently trading at Rs 319.80, up over 4% on the BSE.

11:26 AM - SBI has support at Rs 1,240 and can head up to Rs 1,350-1,410, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 1,305.60, up 1.4% on the BSE.

11:19 AM - Indian Hotels can head up to Rs 60 now, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 47.85, up 6.1% on the BSE.

11:12 AM - Nifty will face some resistance at 3150-3160, says Gautam Shah of JM Financial Services, on CNBC-TV18. He sees Nifty trade in the range 3050-3250 for the next few sessions. One could initiate a short if the Nifty closes below 3050, he suggests.

11:04 AM - The market is still trading flat. Sensex is at 10,092, down 7 points from the previous close. Nifty is at 3083, up 5 points. BSE Midcap index is up 1.5% and BSE Smallcap index, 0.9%. Realty, consumer durables and metal stocks are attracting buying, whereas IT stocks are under some selling pressure.

10:57 AM - Satyam Computer has support at Rs 160, which can be used as a stoploss, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock may go up to Rs 175, he adds. It is at Rs 163.55, up 0.5% on the BSE.

10:51 AM - The market may re-test October lows, perhaps even break that in Q1CY09, says Gautam Shah of JM Financial Services, on CNBC-TV18. He does not see more than 3-5% upside from the current levels in the Sensex and the Nifty.

10:45 AM - Merrill Lynch has a 'sell' rating on Hotel Leela, with a target price of Rs 14, reports CNBC Awaaz. The stock is at Rs 22.35, up 4% on the BSE.

10:38 AM - HDFC Bank will face resistance at Rs 1,125, close to which one may look at booking profits, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1,059, up 0.7% on the BSE.

10:30 AM - Unitech has support at Rs 31 and can possibly can go up to Rs 61, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 48.60, up 9.8% on the BSE.

10:22 AM - Maytas Infra may keep making newer lows now, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is best to exit the stock as soon as possible, he suggests. It is at Rs 223.70, down 10% on the BSE.

10:14 AM - Mahindra & Mahindra has strong support at Rs 300, says Prakash Gaba, technical analyst, on CNBC Awaaz. If this is broken on the downside, then exit the stock, he suggests. It is at Rs 327.95, up 2.1% on the BSE.

10:08 AM - EIH has a strong support at Rs 120 and the stock seems to have bottomed out, says Prakash Gaba, technical analyst, on CNBC Awaaz. It now has target prices of Rs 160-180 and Rs 240, he adds. It is at Rs 139, up 2.9% on the BSE.

10:01 AM - The market has opened flattish on Monday. Sensex is at 10,070, down 29 points from the previous close. Nifty is at 3068, down just 8 points.

9:59 AM - Reliance Industries has good support at Rs 1,180, says Ashwani Gujral, technical analyst, on CNBC-TV18. If this holds, then the stock may slowly move up to Rs 1,510-1,550, he adds. The stock is at Rs 1,349.25 on the BSE.

9:52 AM - The market is in a large pullback rally, which may sustain for the next 2-3 months, says Ashwani Gujral, technical analyst, on CNBC-TV18. Nifty's next target is 3200-3240, he adds. From there, it can correct and fall to 2900 again, where one can look at buying, he says.

9:45 AM - Jet Airways may have another Rs 5-10 upside left, says Prakash Gaba, technical analyst, on CNBC Awaaz. Book profits here, he suggests. The stock is at Rs 186.80 on the BSE.

9:39 AM - DLF has a target price of Rs 360, close to which one should look at booking profits, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is at Rs 307.35 on the BSE.

9:32 AM - The key market indices are now close to strong resistance levels, says Prakash Gaba, technical analyst, on CNBC Awaaz. So the upside now seems capped or limited, while the downside is open, he adds.

ninad avasare
Stock Trading Robot