Satyam rocked again today & last 4 trading sessions it has been continuously rising, making it into Top 10 Gainers daily. Even today Satyam's valuation is very cheap compared to other major IT companies like Wipro, Infosys, HCL Tech.
Company P/E Ratio
---------------------------
Wipro 10.84
Infosys 14.21
HCL Tech 9.59
TCS 10.35
Satyam 5.79
MphasiS Ltd. 11.63
iFlex(Oracle Fin.) 9.50
Rolta 6.79
If you checked above P/E figures you will find out satyam cheapest share of all. So its advisable to investor don't trust any market rumors, even don't trust consultant on CNBC Aawaz (Ashwini Gujaral, Bhabmwani etc..). Take your decision yourself with your own analysis.
Wish all of my Blog readers "Happy And Prosperous New Year , Hope this year all of you will earn Good Profit"
4:00 PM - Subdued global cues saw a quiet close for the Indian market on the last trading day of 2008. Sensex shut shop at 9647, down 68 points and Nifty at 2959, down 20 points from the previous close. CNX Midcap index was up 0.71% and BSE Smallcap index was up 1.21%. The market breadth was positive with advances at 737 against declines of 466 on the NSE. Top Nifty gainers included Satyam, Ranbaxy and Siemens while losers included HDFC, Idea and ICICI Bank.
3:55 PM - Buy IVRCL Infra with a target of Rs 162-175 and stop loss of Rs 138, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 143, down 0.03% on the BSE.
3:50 PM - Hold Mercator Lines which has resistance at Rs 38-40 after which it can see a breakout, says Jatindar Sharma, technical analyst, on CNBC Awaaz. The stock has strong support at Rs 29 and it is currently trading at Rs 33, up 2.9% on the BSE.
3:45 PM - Buy BGR Energy with a target of Rs 200 in 12 months, says Ashish Maheshwari of Globe Capital Markets, on CNBC TV18. The company has an order book of Rs 11000 crore, executable over the next three years, he adds. The stock is currently trading at Rs 145, up 3.2% on the BSE.
3:39 PM - It was almost a comatose day for the market that saw a quiet close. Sensex closed at 9633, down 82 points (provisional) and Nifty at 2958, down 20 points (provisional) from the previous close. CNX Midcap index was up 0.81% and BSE Smallcap index was up 1.27%. The market breadth was positive with advances at 737 against declines of 466 on the NSE.
3:32 PM - Close all open positions and initiate longs only above 3000 on Nifty, says Vijay Bhambwani, technical analyst, on CNBC TV18, as closing market strategy.
3:31 PM - Close all open positions in the market with a view to initiate longs around Nifty 2885, says Anil Maghnani, technical analyst, on CNBC TV18, as closing market strategy.
3:29 PM - January could be a good month and Nifty could head to 3200, says Rahul Mohindar, technical analyst, on CNBC TV18. In the near term, Nifty is likely to move sideways, it has strong support at 2800-2820, he adds. Unless 2800 is broken on Nifty, the market is unlikely to retest lows and in fact may stay ranged, he says. The year 2008 was painful and now market will take some time before an uptrend begins, he feels. Buy on dips is the strategy and focus on heavy weights, he says.
3:24 PM - Cairn, ONGC, BPCL and HPCL are the top picks and could be the outperformers in 2009, says TS Harihar of ICICI Securities, on CNBC TV18.
3:20 PM - The market may see short term drop of 20-25% from here, says Bharat Shah of ASK RJ Investment Management, on NDTV Profit. This is a good time to buy stocks with a two to three year horizon, he adds.
3:14 PM - The outloook for the market in 2009 - Merrill Lynch sees GDP growth at 5.8%, market likely to be volatile with downward bias, reports NDTV Profit. Morgan Stanley sees GDP at 5.3% for FY09, Barcalays says GDP to slowdown to 6%, domestic demand and investment to see the impact of credit crunch. Citi sees GDP at 5.5% for 2009.
3:10 PM - In the short term the market is likely to be in Nifty range of 2650-3200, says Gaurang Shah of Geojit Financials, on CNBC Awaaz. For 2009, market is unlikely to go below the October lows, he adds. But broad Nifty range would be 2650 and 4000 on the upside in the latter half of 2009, he says.
3:04 PM - The market is trading weak. Sensex is trading at 9672, down 43 points and Nifty is at 2964, down 15 points from the previous close. CNX Midcap index is up 0.69% and BSE Smallcapindex is up 0.98%. The market breadth is positive with advances at 776 against declines of 400 on the NSE.
2:54 PM - Buy Balrampur Chini around Rs 49-51 with a target of Rs 57-64 and stop loss of Rs 44, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 50, up 4.56% on the BSE.
2:47 PM - SMC Global maintains a buy call on Ranbaxy with a target of Rs 280 and stop loss of Rs 211, reports CNBC Awaaz. The stock is currently trading at Rs 244, up 1.03% on the BSE.
2:40 PM - Buy Suzlon around Rs 61-63 with a target of Rs 72-78 and stop loss of Rs 57, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 62, up 2.3% on the BSE.
2:33 PM - HEM Securities maintains a buy call on Kotak Mahindra Bank with a target of Rs 385 and stop loss of Rs 353, reports CNBC Awaaz. The stock is currently trading at Rs 363, up 0.23% on the BSE.
2:25 PM - Buy RCom around Rs 230-235 with a target of Rs 248-257 and stop loss of Rs 222, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 228, up 0.33% on the BSE.
2:17 PM - SMC Global maintains a buy call on NTPC with a target of Rs 200 and stop loss of Rs 171.60, reports CNBC Awaaz. The stock is currently trading at Rs 181, up 0.17% on the BSE.
2:11 PM - Buy Indian Bank with a target of Rs 147 and stop loss of Rs 126, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 136, up 3.48% on the BSE.
2:06 PM - Crnindia.com maintains a buy call on Allahabad Bank with a target of Rs 54 and stop loss of Rs 49, reports CNBC Awaaz. The stock is currently trading at Rs 51, up 2.67% on the BSE.
2:00 PM - The market is trading quiet and slipped into the negative. Sensex is trading at 9642, down 74 points and Nifty is at 2952, down 26 points from the previous close. CNX Midcap index is up 0.43% and BSE Smallcap index is up 1.10%. The market breadth is positive with advances at 763 against declines of 395 on the NSE.
1:52 PM - Hold Sesa Goa as it has resistance at Rs 93-96 after which it could see a fresh breakout, says Simi Bhaumik, technical analyst, on Zee Business. Maintain a stop loss of Rs 74, she adds. The stock is currently trading at Rs 88, up 2.39% on the BSE.
1:43 PM - BPCL can give 20% returns in the next one year, says Amitabh Chakraborty of Religare Securities, on CNBC Awaaz. The stock is currently trading at Rs 383, down 0.43% on the BSE.
1:36 PM - Alok Industries has resistance at Rs 21 after which it can go to Rs 27-28 where one can book profits, says Sanjeev Agarwal of Globe Capital, on CNBC Awaaz. Maintain a stop loss of Rs 16, he adds. The stock is currently trading at Rs 18, up 1.85% on the BSE.
1:28 PM - Banking stocks are showing a recovery, so hold Bank of Baroda with a medium term target of Rs 320-340 after which it could see a fresh breakout, says Simi Bhaumik, technical analyst, on Zee Business. The stock has support at Rs 210, which can be used as a stop loss, she adds. The stock is currently trading at Rs 277, up 1.02% on the BSE.
1:21 PM - The year 2009 will be a tough one, says Indranil Sengupta pf DSP Merrill Lynch, on CNBC TV18. India likely to see GDP growth of 5-6% in 2009, he says. RBI likely to cut repo rate going ahead, he adds.
1:13 PM - The Asian markets are trading mixed. The Indian market is seeing a quiet session. Sensex is trading at 9765, up 49 points and Nifty is at 2989, up 10 points from the previous close. CNX Midcap index is up 1.50% and BSE Smallcap index is up 1.70%. The market breadth is positive with advances at 886 against declines of 268 on the NSE.
1:06 PM - Emkay Shares & Stock Brokers maintains a buy call on TRF with a target of Rs 542, reports Zee Business. The stock is currently trading at Rs 272, up 1.62% on the BSE.
12:58 PM - Suzlon can give 20% returns in the next one year, says Amitabh Chakraborty of Religare Securities, on CNBC Awaaz. The stock is currently trading at Rs 63.65, up 4.7% on the BSE.
12:50 PM - Ashok Leyland has a targe of Rs 25, but one will have to be extremely patient for that, says Prakash Gaba, technical analyst, on CNBC Awaaz. Short term investors can look at exiting the stock at Rs 17, he suggests. It is currently trading at Rs 15.08, up 0.5% on the BSE.
12:42 PM - ICICI Bank can give 25% returns in the next one year, says Amitabh Chakraborty of Religare Securities, on CNBC Awaaz. The stock is currently trading at Rs 456.15, down 0.4% on the BSE.
12:33 PM - SBI can give 20-25% returns in the next one year, says Amitabh Chakraborty of Religare Securities, on CNBC Awaaz. The stock is currently trading at Rs 1,286, down 0.2% on the BSE.
12:25 PM - One can buy Mahindra & Mahindra now for the long term, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock seems to have made a good techical bottom at Rs 234, he adds. It may go up to Rs 450 or so in times to come, he adds. It is currently trading at Rs 278, up 2.8% on the BSE.
12:16 PM - The technical structure of TVS Motor looks weak and one should look at exiting the stock between Rs 26 and Rs 35, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is currently trading at Rs 22.80, up 2.9% on the BSE.
12:09 PM - Look at exiting Tata Motors close to Rs 180-190, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 161.75, up 3.6% on the BSE.
11:57 AM - One may buy Maruti in a staggered way at every decline, says Prakash Gaba, technical analyst, on CNBC Awaaz. On the upside, it can go up to Rs 650-700, where one may book profits, he suggests. The stock is currently trading at Rs 520.85, up 0.6% on the BSE.
11:49 AM - Hero Honda is moving in a range of Rs 700-900, which can be traded, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 810.25, up 0.1% on the BSE.
11:42 AM - Punj Lloyd has support at Rs 125-130, which can be the stoploss here, says E Mathew, technical analyst, on CNBC-TV18. It may take a little bit of time to cross resistance of Rs 215, but once it does, it can go up all the way up to Rs 276, he adds. This stock could be a great bet on declines, he suggests. It is currently trading at Rs 151.50, up 4.3% on the BSE.
11:35 AM - Kotak Securities has a 'sell' rating on Nalco, with a target price of Rs 135, reports CNBC Awaaz. The stock is currently trading at Rs 190.10, up 2.3% on the BSE.
11:27 AM - Sharekhan has a 'buy' rating on HDFC Bank, with a target price of Rs 1,482, reports CNBC Awaaz. The stock is currently trading at Rs 1,023, up 0.5% on the BSE.
11:19 AM - The market is off the day's highs, but still trading in the positive terrain. Sensex is at 9,772, up 56 points from the previous close. Nifty is at 2988, up just 9 points. But midcaps and smallcaps are having a good day; BSE Midcap index is up 1.7% and BSE Smallcap index, up 1.3%. Consumer durables, realty, capital goods, metal and auto are seeing significant buying interest, while there's some selling pressure in banking stocks.
11:11 AM - There will two forces acting in January int he market; first, the efforts of the government to increase infrastructure spending and second, the action on interest rates and CRR front, says PN Vijay, Portfolio Manager, on CNBC-TV18. These two factors will be hugely positive for markets. But the third quarter results will be a dampner and that will lend a negative sentiment, he adds.
11:03 AM - If Punjab Tractors crosses Rs 110, then there will be a good technical formation on the charts and then one can expect levels like Rs 135-140 here, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 101.65, up 9.2% on the BSE.
10:55 AM - Anand Rathi Securities has a 'buy' rating on Wipro, with a target price of Rs 325, reports CNBC Awaaz. The stock is currently trading at Rs 233.05, down over 1% on the BSE.
10:47 AM - Bajaj Hindusthan seems to have made a good base between Rs 55 and Rs 61, says E Mathew, technical analyst, on CNBC-TV18. It will face some resistance at Rs 72 or so, but once it crosses this, it can go up to Rs 80-85 too, he adds. The stock is currently trading at Rs 73.40, up over 11% on the BSE.
10:38 AM - If Suzlon can cross and sustain above Rs 64 today, then it can see levels like Rs 67-69, says Rajat Bose, technical analyst, on CNBC Awaaz. It is advisable to book profits at higher levels in this counter, he adds. It is currently trading at Rs 63.75, up 4.9% on the BSE.
10:30 AM - Ashok Leyland has support at Rs 12.50-13, says E Mathew, technical analyst, on CNBC-TV18. If the rally seen in this counter picks up further, then one may see it go to Rs 18-19, he adds. He advises exiting the stock at higher levels. It is currently trading at Rs 15.05, up 0.3% on the BSE.
10:22 AM - If Satyam Computer can cross and sustain above Rs 170, then it can go higher to Rs 179, says Rajat Bose, technical analyst, on CNBC Awaaz. But do not put in fresh money in this counter now, he suggests. It is currently trading at Rs 171.40, up 6.7% on the BSE.
10:15 AM - If IDFC crosses Rs 72 convincingly, with good volumes, then it can go as high as Rs 102, says E Mathew, techical analyst, on CNBC-TV18. The stock is currently trading at Rs 69.35, up 1.8% on the BSE.
10:07 AM - The market has opened higher on Wednesday, but it slowly losing its gains. Sensex is at 9,801, up 84 points from the previous close. Nifty is at 2996, up 16 points.
10:02 AM - Balrampur Chini can go up to Rs 60-65 in the medium term, says E Mathew, technical analyst, on CNBC-TV18. Sugar can be one of the brightest sectors in 2009, he says. The stock is at Rs 48.20 on the BSE.
9:55 AM - SMC Global has a 'buy' rating on Renuka Sugars, with a target price of Rs 90, reports CNBC Awaaz. Keep a stoploss of Rs 61 here, it suggests. The stock is at Rs 70.10 on the BSE.
9:48 AM - As long as Nifty sustains above 2810, the short term uptrend will stay, says E Mathew, technical analyst, on CNBC-TV18. But if it slips below this, then it can fall to 2500 again, he adds. Nifty will face stiff resistance at 3050-3100, he says.
4:00 PM - The Asian markets closed mixed but European markets were trading firm. Positive global cues made the Indian market look good, which closed with a strong rally. Sensex shut shop at 9716, up 182 points and Nifty at 2979, up 57 points from the previous close. CNX Midcap index was up 2.20% and BSE Smallcap index was up 1.79%. The market breadth was positive with advances at 886 against declines of 307 on the NSE. Top Nifty gainers included Satyam Computers, Idea and RCom while losers included Grasim, Tata Steel and RPL.
3:55 PM - Sell MTNL with a target of Rs 68 and stop loss of Rs 83, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 80, up 2.17% on the BSE.
3:51 PM - Hold Core Projects with a short-term target of Rs 60, says Sandeep Jain of Tradeswift, on CNBC Awaaz. The stock can be bought around Rs 35, he adds. It is currently trading at Rs 48, up 3.72% on the BSE.
3:47 PM - This is a strong bear market rally and Nifty could now go up to 3050-3100, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. One could book two-thirds of profits at higher levels, he adds.
3:44 PM - The year-end rally is likely to stay intact for now, says E Mathew, technical analyst, on CNBC Awaaz. Nifty made a smart reversal from the strong support zone of 2810 and now it has strong resistance at 3050-3150, he adds.
3:40 PM - It was a good close after a weak start today. Sensex closed at 9690, up 156 points (provisional) and Nifty at 2967, up 45 points (provisional) from the previous close. CNX Midcap index was up 2.16% and BSE Smallcap index was up 1.74%. The market breadth was positive with advances at 859 against declines of 325 on the NSE.
3:35 PM - Book profits in Nifty long positions, says Rajat Bose, technical analyst, on CNBC-TV18, as closing market strategy.
3:30 PM - Hold Nifty long positions with stop loss of 2940 and target of 3040-3050, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.
3:25 PM - Sell IVRCL Infra with a target of Rs 110 and stop loss of Rs 155, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 145, up 4.56% on the BSE.
3:20 PM - The bad news in the market will be out by the first half of 2009, says Aditya Samant, ING Financial Planning, on NDTV Profit. The next 12 months will be a good time for investors to actively build their portfolio, he adds.
3:15 PM - The valuations of Reliance Communications look good at current levels for the long term, says Deven Choksey of KR Choksey, on CNBC-TV18. For now Bharati Airtel is ahead with a six-month lead, but RCom will catch up and be able to offer more value going ahead owing to its network reach, he adds.
3:11 PM - Reliance Communications has invested Rs 10,000 crore on its nationwide GSM rollout, says Anil Ambani, chairman of ADAG, on NDTV Profit. The nationwide GSM rollout will include 11,000 towns, he says. The company has completed the rollout in 15 months, 6 months ahead of schedule, he adds. RCom will offer 'enhanced' GSM services nationwide, he says. The stock is currently trading at Rs 229, up 7.89% on the BSE.
3:04 PM - The market is looking good. Sensex is trading at 9768, up 235 points and Nifty is at 2991, up 69 points from the previous close. CNX Midcap index is up 2.08% and BSE Smallcap index is up 1.57%. There is buying in technology, banking, realty and auto stocks. The market breadth is positive with advances at 863 against declines of 306 on the NSE.
2:56 PM - Buy IDFC with a short-term target of Rs 72-73 and once that is crossed it could go up to R 88-112, says Ashwani Gujral, technical analyst, on CNBC TV18. Maintain a stop loss of Rs 55, he adds. The stock is currently trading at Rs 67, up 1.42% on the BSE.
2:50 PM - Buy Canara Bank with a target of Rs 213 and stop loss of Rs 180, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 193, up 0.57% on the BSE.
2:44 PM - Buy HCC with a target price of Rs 65 for 12-24 months, says Gaurang Shah of Geojit Financials, on CNBC TV18. The company has an order book of Rs 9000 crore, he adds. The stock is currently trading at Rs 51, up 3.87% on the BSE.
2:34 PM - Buy ABG Shipyard with a target of Rs 124 and stop loss of Rs 94, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 116, up 11.71% on the BSE.
2:26 PM - The time to go long in the market was around Nifty 2800 levels, says Ashwani Gujral, technical analyst, on CNBC TV18. Nifty is showing strength with a range of 2810-3100, he feels. Nifty is preparing for a long upmove now, he adds.
2:17 PM - The market is likely to be in a Nifty range of 2800-3000 in the short term, says Alok Agarwal of KR Choksey, on CNBC Awaaz. If the rupee appreciates, the market may see the return of FII inflows in the medium to long term which could take the market up, he adds.
2:09 PM - Crnindia.com maintains a buy call on Central Bank of India with a target of Rs 42 and stop loss of Rs 38, reports CNBC Awaaz. The stock is currently trading at Rs 39, up 1.15% on the BSE.
2:02 PM - The European markets have opened strong. Positive global cues see the Indian market also trade strong. Sensex is trading at 9671, up 137 points and Nifty is at 2955, up 33 points from the previous close. CNX Midcap index is up 1.39% and BSE Smallcap index is up 1.26%. The market breadth is positive with advances at 821 against declines of 327 on the NSE.
1:53 PM - Buy Godrej Consumers with a target of Rs 162, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 143, up 3.29% on the BSE.
1:45 PM - Hold ICICI Bank as it has resistance at Rs 470-480 after which it will see a breakout and that could take the stock up to Rs 525-560, says Anuj Dixit, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 390, he adds. The stock is currently trading at Rs 453, up 1.92% on the BSE.
1:37 PM - Asian Paints is a stable stock and can give 20% returns in the next one year, says Ganesh Shanbag of SMS Financial, on CNBC Awaaz. The stock is currently trading at Rs 877, up 0.34% on the BSE.
1:30 PM - Buy Mercator Lines with a short-term target of Rs 40 after which it could see a breakout, says MB Singh, technical analyst on Zee Business. The stock is currently trading at Rs 31, up 3.92% on the BSE.
1:24 PM - Areva T&D can give 40% returns in the next one year, says Ganesh Shanbag of SMS Financial, on CNBC Awaaz. The stock is currently trading at Rs 206, up 2.92% on the BSE.
1:14 PM - The Asian markets are trading mixed. The Indian market is trading quiet as the morning gains fizzle out. Sensex is trading at 9517, down 15 points and Nifty is at 2906, down 15 points from the previous close. CNX Midcap index is up 0.65% and BSE Smallcap index is up 0.89%. The market breadth is positive with advances at 720 against declines of 403 on the NSE.
1:04 PM - If Rolta closes above Rs 135, then one may see a sustainable uptrend setting in, says Rahul Mohindar, technical analyst, on CNBC Awaaz. But there's not significant clarity on a breakout here yet, he adds.
12:55 PM - Jyoti Structures has support at Rs 52 and will see resistance at Rs 88, says Vijay Bhambwani, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 72.80, up 4.9 % on the BSE.
12:48 PM - Hold Thermax for short term and sell it close to Rs 200-215, says Vijay Bhambwani, technical analyst, on CNBC-TV18. It has support at Rs 150 and will see significant resistance close to Rs 225, he adds. The stock is currently trading at Rs 179.90, up 1.5% on the BSE
12:41 PM - Hold Siemens for short term and sell it close to its resistance level of Rs 325, says Vijay Bhambwani, technical analyst, on CNBC-TV18. The stock has a support at Rs 210, he adds. The stock is currently trading at Rs 270.20, down 0.8% on the BSE
12:31 PM - ABB has support at Rs 380 and will see resistance at Rs 580, says Vijay Bhambwani, technical analyst, on CNBC-TV18. He recommends to invest here with a view of at least two years. The stock is currently trading at Rs 440, up 0.1% on the BSE
12:23 PM - Buy BEML with a long term view of 2 years at Rs 270-280, says Vijay Bhambwani, technical analyst, on CNBC-TV18.The stock can rise to Rs 550, he adds. The stock is currently trading at Rs 328.50, up 2.8% on the BSE
12:12 PM - Colgate Palmolive is a cash rich company and can give 20% returns in the next one year, says Ganesh Shanbag of SMS Financial, on CNBC Awaaz. The stock is currently trading at Rs 408, down 0.49% on the BSE.
12:12 PM - Crompton Greaves has support at Rs 105 and will see resistance at Rs 155-160, says Vijay Bhambwani, technical analyst, on CNBC-TV18. He recommends to exit if the stock violates the support. The stock is currently trading at Rs 131.40, up 1% on the BSE.
12:03 PM - Emkay Global Financial Services recommends 'hold' rating on Satyam Computer, with a target price of Rs 212, reports CNBC-TV18. The stock is currently trading at Rs 155.50, up 4.9% on the BSE.
11:55 AM - L&T has support at Rs 660 and will see resistance at Rs 900, says Vijay Bhambwani, technical analyst; on CNBC-TV18.He recommends investors to buy this share as it will show consistency in its performance in 2009. The stock is currently trading at Rs 751, up 1.3% on the BSE
11:45 AM - Punj Lloyd has support at Rs 125-110 and will see resistance at Rs 165, says Vijay Bhambwani, technical analyst, on CNBC-TV18.He recommends long term investors to buy this share and give it 2 years of time to achieve profits. The stock is currently trading at Rs 141.50, down 2.1% on the BSE
11:38 AM - Hold Praj Industries for the short term and sell it close to its resistance level of Rs 78-80, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock has support at Rs 50, he adds. It is currently trading at Rs 63.35, up 2.3% on the BSE.
11:31 AM - Do not expect too much of an upside in Bharat Forge, at least for the next 3-4 quarters, says Gaurang Shah of Geojit Financial Services, on Zee Business. Therefore, it is best to exit the stock on rallies, he suggests. It is currently trading at Rs 81.95, up 1.7% on the BSE.
11:23 AM - Exit IFCI on upsides and look at entering largecaps, says Gaurang Shah of Geojit Financial Services, on Zee Business. The stock is currently trading at Rs 21.50 on the BSE.
11:13 AM - On declines, one can look at buying in sectors like power, capital goods and engineering, says Gaurang Shah of Geojit Financial Services, on Zee Business. His picks here include NTPC, Power Grid, Alstom Projects and Punj Lloyd. But have 1.5-2 years view on them, he suggests.
11:05 AM - The market is off the day's highs, but is still trading in the positive terrain. Sensex is at 9,575, up 42 points from the previous close. Nifty is flat at 2923, up just 1 point. BSE Midcap index is up 1.1% and BSE Smallcap index, up 1%. Realty, auto, metal and banking stocks are witnessing buying interest, while oil & gas stocks are seeing some selling pressure.
11:00 AM - Do not invest in Satyam Computer at the current price, says Gaurang Shah of Geojit Financial Services, on Zee Business. It can go up to Rs 160-170 maximum, he says. To go beyond this, it will require a lot effort or some big good news, he epxlains. The stock is currently trading at Rs 154.70, up 4.4% on the BSE.
10:52 AM - The Nifty will be at 2700-2800 before the results, says Ashwani Gujral, technical analyst, on CNBC-TV18. It will cross 3000 levels post results, he adds. It may cross 3200 levels too, he says.
10:43 AM - One can look at getting into Satyam Computer on bad news, close to Rs 114-110 and exit it on good news, at around 159-160, says Ashwani Gujral, technical analyst, on CNBC-TV18. If it moves above Rs 160, the stock will face significant resistance at Rs 200, he adds. It is currently trading at Rs 156, up over 5% on the BSE.
10:34 AM - The next levels that SAIL may see are Rs 90 and then Rs 103, says Ashwani Gujral, technical analyst, on CNBC-TV18. It has support at Rs 65, he adds. The stock is currently trading at Rs 77.75 on the BSE.
10:26 AM - Unitech has support at Rs 30-33, where one may buy the stock and sell at resistance, Rs 49, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 39.10, up over 3% on the BSE.
10:18 AM - IDFC has support at Rs 57 and can go up to Rs 74-83, says Ashwani Gujral, technical analyst, on CNBC-TV18. The worst may be over for the stock, he adds. It is currently trading at Rs 67.50, up 1.1% on the BSE.
10:11 AM - Wait for 12.30-1 PM to take any action in the market because it tends to reverse from its opening around that time, says Ashwani Gujral, technical analyst, on CNBC-TV18. If you are long, then it is advisable to book some profits at higher levels, he suggests.
10:04 AM - The market has opened higher on Tuesday, but is slowly giving up its gains. Sensex is at 9,609, up 76 points from the previous close. Nifty is at 2940, up 18 points.
9:59 AM - The market will see a positive opening today, says Sharmila Joshi, market analyst, on CNBC Awaaz. Metal and real estate may continue to see buying today, she adds.
9:53 AM - Prabhudas Lilladher recommends 'reduce' on Balrampur Chini Mills, with a target price of Rs 28, reports CNBC-TV18. The stock is at Rs 45.60 on the BSE.
9:48 AM - India Infoline recommends 'buy' on Kingfisher Airlines at Rs 35 and on declines, keeping a stoploss below Rs 28, reports CNBC-TV18. The stock has targets of Rs 45 and Rs 50-55, it adds. It is at Rs 37.30 on the BSE.
9:38 AM - The rally seen in the market is getting set up for a fairly steep and long decline in the months of January, February and March, says Vibhav Kapoor of IL&FS, on CNBC-TV18. He expects the Indian market to retest their October lows.
ninad avasare
Stock Trading Robot
4:01 PM - It was a good day for the market that picked up strong global cues post lunch and closed with a smart rally. The rally was led by banking, metal and oil and gas stocks. Sensex shut shop at 9533, up 204 points and Nifty at 2922, up 64 points from the previous close. CNX Midcap index was up 1% and BSE Smallcap index was up 0.65%. The market breadth was positive with advances at 666 against declines of 520 on the NSE. Top Nifty gainers included SAIL, Satyam Computers and Cairn India while losers included Tata Motors, Maruti and Tata Power. » Send to friends
3:56 PM - Buy Patel Engineering it has strong resistance at Rs 191 if that is crossed decisively it has a target of Rs 286, says E Mathew, technical analyst, on CNBC TV 18. Maintain a stop loss of Rs 135, he adds. The stock is currently trading at Rs 171, up 3.5% on the BSE. » Send to friends
3:52 PM - Buy Bombay Dyeing with a target of Rs 199-205-212 and stop loss of Rs 176, says Tejas Nandu of Unicorn Investments, on CNBC Awaaz. The stock is currently trading at Rs 184, up 1.18% on the BSE. » Send to friends
3:45 PM - The market has shown a smart pullback rally with strong support at 2800-2820, says Gaurang Shah of Geojit Financials, on Zee Business. If it can sustain these levels, 2965-3000 is possible on Nifty, he feels. But frontline stocks need to participate to take the market up, he adds. » Send to friends
3:42 PM - This is the last phase of the bear market that could last 4-12 weeks, reports JM Financial, on CNBC TV18. The market could see another bout of selling in January, he feels. There could be a massive price destruction and the market could see levels of 7000 on Sensex and 2020 on Nifty, he adds. » Send to friends
3:38 PM - After a weak start the market bounced post lunch and closed strong. Sensex closed at 9543, up 214 points (provisional) and Nifty at 2929, up 72 points (provisional) from the previous close. CNX Midcap index was up 1.24% and BSE Smallcap index was up 0.78%. The market breadth was positive with advances at 679 against declines of 512 on the NSE. » Send to friends
3:32 PM - Book profits in Nifty long positions, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy. Nifty near its resistance levels of 2930-2938, he adds. » Send to friends
3:29 PM - Hold Nifty long with stop loss of 2900 and target of 3020 and buy RIL with a stop loss of Rs 1220 and target of Rs 1310, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy. » Send to friends
3:26 PM - Buy KEC International as it has an upside target of 40% in the long term, says Ashish Maheshwari of Globe Capital, on CNBC Awaaz. The stock is currently trading at Rs 151, down 0.8% on the BSE. » Send to friends
3:21 PM - KEC International has bagged new orders worth Rs 636 crore from Egypt, says the MD of the company, on CNBC Awaaz. The company has an order book of Rs 5000 crore, he adds. The stock is currently trading at Rs 151, down 0.8% on the BSE. » Send to friends
3:15 PM - The market could retest the October lows and Sensex could go to 8000-8500 levels, says Manishi Raychaudhuri Head of India Research BNP Paribas Securities, on CNBC TV18. The broad range for 2009 for the market could be 8500-11500, he adds. » Send to friends
3:10 PM - The market is likely to be range bound till mid-Januray when earnings season begins, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The market is likely to see volatility once results start and then one will get an idea on the direction of the market, he adds. » Send to friends
3:05 PM - Sensex has strong support at 9200 and may find it difficult to sustain 9630, says Hemen Kapadia, technical analyst, on CNBC Awaaz. In the medium term there is a downside bias in the market, he adds. » Send to friends
3:02 PM - The Asian markets closed mixed and European markets are looking smart. The Indian market is looking good led by the banking, metal, oil and gas space. Sensex is trading at 9485, up 156 points and Nifty is at 2909, up 52 points from the previous close. CNX Midcap index is up 0.53% and BSE Smallcap index is up 0.13%. The market breadth is negative with advances at 628 against declines of 539 on the NSE. » Send to friends
2:51 PM - Buy Union Bank with a long-term target of Rs 200, says Vaibhav Agarwal of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 160, up 2.1% on the BSE. » Send to friends
2:43 PM - Buy Wipro with a target of Rs 238-246 and stop loss of Rs 212, says Tejas Nandu of Unicorn Investments, on CNBC Awaaz. The stock is currently trading at Rs 220, down 3.4% on the BSE. » Send to friends
2:35 PM - Buy Excide Industries with a long-term target of Rs 84, says Daljeet Singh Kohli of Emkay Global Financial Securities, on CNBC TV18. The stock is currently trading at Rs 48, up 4.3% on the BSE. » Send to friends
2:27 PM - Buy Mahindra & Mahindra with a target of Rs 280-290 and stop loss of Rs 246, says Tejas Nandu of Unicorn Investments, on CNBC Awaaz. The stock is currently trading at Rs 253, down 4.5% on the BSE. » Send to friends
2:18 PM - HDFC has a year's target of Rs 2,010-2,050, says Deven Choksey of KR Choksey Securities, on CNBC Awaaz. The stock is currently trading at Rs 1435, down 0.85% on the BSE. » Send to friends
2:11 PM - Buy RIL with a target of Rs 1290-1315 and stop loss of Rs 1186, says Tejas Nandu of Unicorn Investments, on CNBC Awaaz. The stock is currently trading at Rs 1228, up 1.32% on the BSE. » Send to friends
2:02 PM - The European markets have opened in the positive. Good global cues has seen our market recover. Sensex is trading at 9393, up 64 points and Nifty is at 2879, up 22 points from the previous close. CNX Midcap index is down 0.12% and BSE Smallcap index is down 0.34%. The market breadth is negative with advances at 501 against declines of 663 on the NSE. » Send to friends
1:57 PM - Buy Satyam with a target of Rs 154-159-165 and stop loss of Rs 141, says Tejas Nandu of Unicorn Investments, on CNBC Awaaz. The stock is currently trading at Rs 154, up 13.7% on the BSE. » Send to friends
1:51 PM - Buy Satyam around Rs 120-125 as it is the fourth largest software company in the IT space with good fundamentals, says Ashish Kapoor, CEO of Investshoppe, on CNBC Awaaz. The management is likely to restructure the board with a meet on the cards, he says. The issue of corporate governance is likely to be taken care of, he adds. The stock is currently trading at Rs 154, up 13.7% on the BSE. » Send to friends
1:44 PM - One can look at buying Tata Steel at Rs 150 or so for the long term, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 207, down 2.13% on the BSE. » Send to friends
1:36 PM - Tata Steel has an upside of 40-45% in the next one year, says Deven Choksey of KR Choksey Securities, on CNBC Awaaz. The stock is currently trading at Rs 207, down 2.13% on the BSE. » Send to friends
1:27 PM - Hold Punj Lloyd with a short term target of Rs 157-160 where one can book partial profits, says MB Singh, technical analyst on Zee Business. Once it crosses Rs 160 then in next rally it can go to Rs 215-220 and one can keep a stop loss of Rs 127, he adds. The stock is currently trading at Rs 141, down 0.77% on the BSE. » Send to friends
1:18 PM - The downside in Bharat Electronics is limited, says Deven Choksey of KR Choksey Securities, on CNBC Awaaz. The stock can go up to Rs 1,050-1,100 in a year, he adds. The stock is currently trading at Rs 680, down 1.6% on the BSE. » Send to friends
1:11 PM - Hem Securities has a 'sell' rating on DLF, with a target price of Rs 235, reports CNBC Awaaz. Keep a stoploss of Rs 290 here, it suggests. The stock is currently trading at Rs 262.90, down 4.9% on the BSE. » Send to friends
1:04 PM - SBI has a year's target price of Rs 1,700-1,800, says Deven Choksey of KR Choksey Securities, on CNBC Awaaz. The stock is currently trading at Rs 1,225, down 1.6% on the BSE. » Send to friends
12:57 PM - BEML has high growth potential in the long term, says Deven Choksey of KR Choksey Securities, on CNBC Awaaz. The stock can appreciate 40-45% in the next 12-15 months, he says. It is currently trading at Rs 314.25, up 0.7% on the BSE. » Send to friends
12:50 PM - One will see Bharat Forge appreciate by 45-50% from the current levels in the next 12-15 months, says Deven Choksey of KR Choksey Securities, on CNBC Awaaz. The stock is currently trading at Rs 81, up 2.8% on the BSE. » Send to friends
12:43 PM - IDFC can give 75-80% returns in the next one year, says Deven Choksey of KR Choksey Securities, on CNBC Awaaz. The stock is currently trading at Rs 60.15, up 1.3% on the BSE. » Send to friends
12:35 PM - Uttam Galva will face resistance at Rs 30, close to which one can look at exiting the stock, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. It has good support at Rs 23, but if this is broken, quit the stock, he suggests. It is currently trading at Rs 26.60, down 0.2% on the BSE. » Send to friends
12:28 PM - Reliance Industries is available at very attractive valuations now, says Deven Choksey of KR Choksey Securities, on CNBC Awaaz. It has a year's target of Rs 1,750-1,850, he adds. The stock is currently trading at Rs 1,212, down 2.4% on the BSE. » Send to friends
12:18 PM - Hem Securities as a 'sell' rating on Infosys, with a target price of Rs 1,030, reports CNBC Awaaz. Kepp a stoploss of Rs 1,160 here, it suggests. The stock is currently trading at Rs 1,072, down 3.4% on the BSE. » Send to friends
12:11 PM - Continue to hold Sesa Goa, keep a stoploss of Rs 75, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock will face resistance at Rs 90-92, but once this is crossed, it can go up to Rs 100-110, he adds. It is currently trading at Rs 80.30, down 0.5% on the BSE. » Send to friends
12:05 PM - Do put in fresh money in Jindal Steel and wait for lower levels, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. If it breaks Rs 820, then it can see levels of Rs 638 or below, where one can buy for investment, he suggests. On the upside, it will face resistance at Rs 980, he adds. It is currently trading at Rs 869.30, up 1.1% on the BSE. » Send to friends
11:56 AM - Anagram Research recommends investors to 'accumulate' Bharat Electronics on declines, at around Rs 640- 660 for a target of Rs 780 in the medium term, reports CNBC-TV18. The stock is currently trading at Rs 690.70 on the BSE. » Send to friends
11:47 AM - Sterlite Industries can be bought between Rs 200 and Rs 165, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. Hold the stock for medium to long term, he suggests. It will face resistance at Rs 315, he says. The stock is currently trading at Rs 245, down 1.6% on the BSE. » Send to friends
11:39 AM - One can look at buying Hindalco for the medium to long term between Rs 38 and Rs 30, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. On the upside, it will face resistance at Rs 60-70, he adds. The stock is at Rs 48.70, up 0.3% on the BSE. » Send to friends
11:30 AM - It will not be surprising to see Pyramid Saimira fall to Rs 35-30, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The stock is at Rs 49.55 on the BSE. » Send to friends
11:23 AM - Earnings may see 20% drop, excluding banks, says Raamdeo Agarwal of Motilal Oswal Securities, on CNBC-TV18. Impact of elections, Indo-Pak tensions cannot be ruled out, he says. Also, one may see derating of companies with poor corporate governance, he says. » Send to friends
11:14 AM - The market is still trading lower. Sensex is at 9,176, down 152 points from the previous close. Nifty is at 2815, down 41 points. BSE Midcap index is down 0.9% and BSE Smallcap index, down 0.9%. Oil & gas and metal stocks are seeing slight buying, whereas realty, auto, IT and capital goods stocks are witnessing tremendous selling pressure. » Send to friends
11:10 AM - If one has a view of 1-1.5 years, then look at buying Satyam Computers at Rs 115-120, says Hemang Jani of Sharekhan, on CNBC Awaaz. Otherwise, stay away from it, he suggests. The stock is trading at Rs 135.50, up 0.4% on the BSE. » Send to friends
11:03 AM - Expect a volatile market in January, says Ajay Bagga of Financial Planning Standards Board of India, on CNBC-TV18. There is strong sense of risk aversion in the markets and allocation in equities is very low, both domestically as well as internationally, he adds. » Send to friends
10:57 AM - The earnings results in January are expected to disappoint, says Hemang Jani of Sharekhan, on CNBC Awaaz. Therefore Nifty is expected to trade in a broad range of 2600-3200, he adds. » Send to friends
10:49 AM - One can look at 2009 as a good year for investing, says Raamdeo Agarwal of Motilal Oswal Securities, on CNBC-TV18. The market may see 'better days' in the second half of 2009/2010, he adds. Investors need to be patient and buy companies available at cheap valuations, he suggests. » Send to friends
10:42 AM - L&T is a good buy for investment below Rs 700, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is at Rs 744.40 on the BSE. » Send to friends
10:36 AM - Sell Satyam and switch to Infosys or TCS, says Pankaj Pandey of ICICI Securities, on NDTV Profit. Fair value for Satyam is RS 128, he adds. It is currently trading at Rs 131, down 3.32% on the BSE. » Send to friends
10:29 AM - Cairn India has an upside of Rs 5-6 from the current levels, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 159.75, down 0.3% on the BSE. » Send to friends
10:21 AM - Volatility in the market will be low today, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. One has to wait for a day or two before the market decides on a direction, he adds. » Send to friends
10:13 AM - Satyam Computer and the entire IT sector is a 'sell on rallies' now, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. Satyam is at Rs 135.50 on the BSE. » Send to friends
10:05 AM - The market has seen a flat opening on Monday. Sensex is trading at 9326, down 2 points and Nifty is at 2848, down 9 points from the previous close. » Send to friends
10:00 AM - Key level to watch on Sensex is 9280, says Pankaj Pandey of ICICI Securities, on NDTV Profit. If 9820 is violated, the market could retest the October lows, he adds. RIL could retest the lows and lead the downside, he feels. » Send to friends
9:57 AM - The market may open lower but marginally, says Ambareesh Baliga of Karvy Stock Broking on CNBC Awaaz. Nifty has good support at 2800 where one can see buying emerge, he adds. Metal stocks can be looked at as they could see some bounceback, he feels. Hindalco and Nalco could give some bounce and could be good trading opportunities, he says. » Send to friends
9:51 AM - The general elections will be a key factor next year for the market, says Gul Tekchandani, investment strategist, on NDTV Profit. The worst is getting discounted and one can expect the market to rise once liquidity flows back, he says. Liquidity is still not moving the way it should, he adds. » Send to friends
9:46 AM - The market is likely to trade dull today with a push on the negative side, says Sudarshan Sukhani, technical analyst, on CNBC TV18. One could book profits at 2800 as there is strong support at 2750-2700, he adds. » Send to friends
ninad avasare
Stock Trading Robot
It was a bad week for the Indian market. Experts feel the market will stay ranged and lackluster until mid January (earnings season).
4:30 PM - It was a bad week for the Indian market. Experts feel the market will stay ranged and lackluster until mid January (earnings season). This week's poor figures are: Sensex was down 8%, Nifty down 7%. BSE Midcap index and BSE Smallcap index were both down 5% over the week. BSE Realty index was down 13%, BSE Metal index down 9%. All five indices - BSE IT index, BSE Auto index, BSE Bankex, BSE Oil & Gas index and BSE Consumer Goods index - were down 8%.
4:24 PM - The Asian markets closed mixed and European markets were quiet. The Indian market had a disappointing close with selling in last half hour. Sensex closed at 9328, down 239 points and Nifty at 2857, down 59 points from the previous close. CNX Midcap index was down 1.22% and BSE Smallcap index was down 1.43%. There was selling in banking, IT and realty space. The market breadth was negative with advances at 339 against declines of 859 on the NSE. Top Nifty gainers included RPL, Maruti and Nalco while losers included DLF, Reliance Infrastructure and ICICI Bank.
4:20 PM - Hold Idea Cellular and one can exit the stock when it crosses Rs 60, says Salil Sharma, technical analyst, on CNBC Awaaz. One can buy the stock around Rs 42 for the long term, he adds. The stock is currently trading at Rs 49, up 2.2% on the BSE.
4:15 PM - Hold Dena Bank as it has resistance at Rs 36 after which one can see an upmove, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Maintain a stop loss of Rs 28, he adds. The stock is currently trading at Rs 32, up 2.78% on the BSE.
4:10 PM - Sell TTML when it crosses Rs 22 and switch to better stocks like Idea and Bharati Airtel, says Salil Sharma, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 18, he adds. The stock is currently trading at Rs 20, down 0.5% on the BSE.
4:05 PM - The year 2009 will throw up many investment opportunities, as inflation is likely to go down to 2-3% by March-June, says SP Tulsian, Investment Advisor, on CNBC-TV18. Interest rates are also likely to be around 5%, he feels. In such a scenario, rate sensitive sectors like realty, auto, banks and the sugar space look good for the long term, he adds.
4:00 PM - The first half of 2009 is likely to be bad as we go into results season, but gradually the scenario will improve in the second half, says Bharat Sheth of Techno Shares and Stock Broking, on NDTV Profit. On the whole 2009 will offer better opportunity and will be a better year than 2008, he adds.
3:54 PM - The market is almost in a holiday mode this weekend and the selloff may continue next week, says E Mathew, technical analyst, on CNBC TV18. Nifty has strong support at 2800-2810 and if that breaks then it could slide further to 2750-2700-2650, he adds. On the year 2009, it will be a great opportunity for investment, he feels. Sugar stocks have bottomed out and rate sensitives like auto will also offer opportunity, he adds.
3:50 PM - The first leg of the trading rally is over, Nifty range on the lower side is 2750-2800 and upper side is 3100-3150, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Nifty has strong support at 2800-2850 and only after the earnings season will one get a decisive move in this market, he feels. January may see a positive close as the market has already discounted negative earnings, he adds.
3:46 PM - The market is likely to continue to see short covering even next week, says Shahina Mukadam of IDBI Capital, on CNBC Awaaz. Nifty upside is seen around 3200 and 2600 on the downside, she adds. The market is likely to trade with low volumes till January 10 when earnings will begin and then the market trend will be clear, she feels.
3:40 PM - It was a disappointing close for the market. Sensex closed at 9333, down 234 points (provisional) and Nifty was at 2863, down 53 points (provisional) from the previous close. CNX Midcap index was down 1.2% and BSE Smallcapindex was down 1.48%. The market breadth was negative with advances at 366 against declines of 826 on the NSE.
3:29 PM - Hold on to Nifty short positions with stop loss of 2905 and target of 2770, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.
3:28 PM - Buy Ranbaxy with a target of Rs 260 and stop loss of Rs 195, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 217, up 0.8% on the BSE.
3:25 PM - Buy Ranbaxy with target of 235-270-300, says Salil Sharma, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 180, he adds. The stock is currently trading at Rs 217, up 0.8% on the BSE.
3:21 PM - Buy Genus Power with a target of Rs 125 and stop loss of Rs 95, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 104, down 6.43% on the BSE.
3:15 PM - Sell TCS on any rally with target of 510-512, says Salil Sharma, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 450, he adds. The stock is currently trading at Rs 471, down 1.5% on the BSE.
3:10 PM - Buy Triveni Engineering with a target of Rs 55 and stop loss of Rs 39, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 44, down 0.5% on the BSE.
3:06 PM - The intermediate up trend is over and market is in a downtrend, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. Nifty has support at 2700-2750 and one can go short on every rally, he adds.
3:02 PM - The market is looking bad. Sensex is trading at 9373, down 195 points and Nifty is at 2866, down 50 points from the previous close. CNX Midcap index is down 0.99% and BSE Smallcapindex is down 0.68%. The market breadth is negative with advances at 407 against declines of 760 on the NSE.
2:55 PM - Buy Areva T&D with a target of Rs 240 in 12 months, says Kamlesh Kotak of Kotak Securities, on CNBC TV18. The stock is currently trading at Rs 191, up 2.62% on the BSE.
2:48 PM - Buy PNB with a target of Rs 560 and stop loss of Rs 470, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 503, down 0.78% on the BSE.
2:40 PM - Wipro now seems to be headed towards Rs 180-185, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 228, down 1.55% on the BSE.
2:31 PM - Buy Tata Communications with a target of Rs 560 and stop loss of Rs 480, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 499, down 1.55% on the BSE.
2:24 PM - Educomp Solutions looks strong on the charts, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. It has support at Rs 2,250-2,300, where one can look at buying the stock for a short-term target of Rs 3,100, she says. It is currently trading at Rs 2495, down 2.69% on the BSE.
2:17 PM - SMC Global has a 'sell' rating on Rolta, with a target price of Rs 82 and stop loss of Rs 143.50, reports CNBC Awaaz. The stock is currently trading at Rs 116, down 4.19% on the BSE.
2:10 PM - The market is likely to see a positive to flat closing today, says Gaurang Shah of Geojit Financials on CNBC Awaaz. The market is seeing some profit booking with pressure on IT and banking stocks, he says. If Nifty breaks 2900 the next support is at 2865-2840, he adds.
2:02 PM - The market is trading weak. Sensex is trading at 9456, down 112 points and Nifty is at 2888, down 28 points from the previous close. CNX Midcap index is down 0.37% and BSE Smallcapindex is down 0.12%. The market breadth is negative with advances at 492 against declines of 656 on the NSE.
1:56 PM - Satyam has strong support at Rs 110-114, says Ashwani Gujral, technical analyst, on CNBC-TV18. It can go upto Rs 157-160 maximum, he adds. There, it is a good level to short the stock, he suggests. It is currently trading at Rs 138, up 2.9% on the BSE.
1:50 PM - Satyam stock continues to be in the news. New twist being that Left has demanded the removal of Satyam independent director Rammohan Rao from the government panel, reports NDTV Profit. Rao was part of the panel to select SEBI chairman. The stock is currently trading at Rs 142, up 6.5% on the BSE.
1:43 PM - Hold ONGC as it has resistance at Rs 740 where one can book profits, says Srikant Chouhan, technical analyst, Kotak Securities, on CNBC Awaaz. The stock has support at Rs 640 and it is currently trading at Rs 655, down 2.3% on the BSE.
1:35 PM - HEM Securities maintains a sell call on BHEL with a target of Rs 1290 and stop loss of Rs 1396, reports CNBC Awaaz. The stock is currently trading at Rs 1355, up 0.20% on the BSE.
1:27 PM - Emkay Shares and Stock Broking maintains a buy call on DLF with a target of Rs 330, reports Zee Business. The stock is currently trading at Rs 291, down 0.77% on the BSE.
1:19 PM - The market seems to have formed a bottom around Nifty 2600-2700 and may not go below these levels, says Ambareesh Baliga of Karvy Stock Broking on CNBC-TV18. The market is likely to move up, but it will be a slow and steady climb, he adds.
1:11 PM - It is quiet across Asian markets. The Indian market is trading flat. Sensex is trading at 9581, up 12 points and Nifty is at 2922, up 5 points from the previous close. CNX Midcap index is up 0.17% and BSE Smallcap index is up 0.36%. The market breadth is positive with advances at 627 against declines of 492 on the NSE.
1:04 PM - One can look at booking profits in SBI now, says Phani Sekhar of Angel Broking, on CNBC Awaaz. One can get it at 12-15% lower to re-enter again, he adds. The stock is currently trading at Rs 1281.25, down 0.4% on the BSE.
12:57 PM - For short term investment, Satyam Computers can be considered, says Phani Shekhar of Angel Broking, on CNBC Awaaz. He recommends buying the stock at Rs 115-120 and making an exit at 20% rise. The stock is currently trading at Rs 138.80, up 2.9% on the BSE.
12:52 PM - For the next 6-9 months' point of view, Reliance Infrastructure looks like a safe bet, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. She recommends to enter at Rs 500 as 50% upside is expected in its prices. The stock is currently trading at Rs 594 , up 2.9% on BSE
12:42 PM - ICICI Bank can be considered for long term investment of 3-5 years, says Phani Sekhar of Angel Broking, on CNBC Awaaz. He recommends to enter at current levels. The stock is currently trading at Rs 447.40, up 1.5% on BSE.
12:33 PM - For long term investing, PNB looks like a safe bet in the banking space, says Sanjeev Agarwal, technical analyst, on Zee Business. Buy the stock at Rs 425-450. Keep a stop loss at Rs 400, he adds. The stock is currently trading at Rs 516.65, up 1.9% on the BSE.
12:26 PM - RNRL will face resistance at Rs 61, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. She recommends make an exit at Rs 75-76 and re-enter on dips. The stock is currently trading at Rs 55.50, up 6.8% on the BSE.
12:20 PM - TCS has support at Rs 420-440, but once this gets broken, then it will fall to levels of Rs 300-320, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 478.50, up 0.1% on the BSE.
12:13 PM - Inflation for week ended December 13 has come at 6.61% versus 6.84% the previous week.
12:08 PM - Hero Honda will face stiff resistance at Rs 840, where one can look to exit the stock, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. It is currently trading at Rs 810, down 0.5% on the BSE.
12:01 PM - Sharekhan has a 'buy' rating on Apollo Tyres, with a target price of Rs 45, reports CNBC Awaaz. Ther stock is currently trading at Rs 19.30, up 1.1% on the BSE.
11:54 AM - Satyam Computer may try to go up to Rs 165-166, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is at Rs 140.65, up 4.2% on the BSE.
11:46 AM - JP Associates has key resistance at Rs 95, says Ashwani Gujral, technical analyst, on CNBC-TV18. Once this is taken off, the stock can go up to Rs 128-130, he adds. It is currently trading at Rs 79, up 3% on the BSE.
11:39 AM - Shree Renuka Sugars can go up to Rs 88-90, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 68.25, up 5.5% on the BSE.
11:32 AM - SMC Global has a 'buy' ratng on Power Grid, with a target price of Rs 100, reports CNBC Awaaz. Keep a stoploss of Rs 72, it suggests. The stock is currently trading at Rs 81.35, up 0.9% on the BSE.
11:25 AM - RNRL looks good and if it can take off Rs 53-54, then it can go up to Rs 60, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 55.30, up 6.5% on the BSE.
11:18 AM - RPL has a maximum upside of Rs 100-105 in the next one year, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. The stock is currently trading at Rs 88, up 10.5% on the BSE.
11:09 AM - The market is still trading higher. Sensex is at 9,683, up 117 points from the previous close. Nifty is at 2950, up 34 points. BSE Midcap index is up 1.5% and BSE Smallcap, up 0.9%. Realty and metal stocks are being bought, while IT stocks are facing some selling pressure.
11:04 AM - The first leg of the pullback rally seems to be over, says Ashwani Gujral, technical analyst, on CNBC-TV18. One may see Nifty support at around 2700-2800 before the results and once the earnings are out, then it should come out of 3100-3150 and rally further, he adds.
10:57 AM - One can play long on stocks like BHEL, L&T and NTPC, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18.
10:50 AM - If Bajaj Hindusthan can cross Rs 70, then it can go up to Rs 85-90, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 67.25, up 5.2% on the BSE.
10:43 AM - Reliance Power has good support at Rs 108, which can be the stoploss here, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. On the upside, it will face resistance at Rs 130, he adds. If it manages to cross this, the next targets will be Rs 145-150, he says. The stock is at Rs 120.35, up 2.4% on the BSE.
10:36 AM - IDFC has key support at Rs 52-51, says Ashwani Gujral, technical analyst, on CNBC-TV18. It can go up to Rs 75-82, but will take time to do so, he adds. The stock is currently trading at Rs 60.95, up over 2% on the BSE.
10:29 AM - Balrampur Chini can go up to Rs 65, says Ashwani Gujral, technical analyst, on CNBC-TV18. The downside in sugar stocks is limited and once the market moves up, they can double from the current levels, he explains. Balrampur Chini is currently trading at Rs 47.75, up 1.9% on the BSE.
10:21 AM - For the next 6-9 months' point of view, SBI, PNB and BoI look like safe bets in the banking space, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18.
10:14 AM - Suzlon needs to get past Rs 63 to go up to Rs 75, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock has support at Rs 55, he adds. It is currently trading at Rs 60.50, up 3.7% on the BSE.
10:07 AM - RPL has support at Rs 74 and will face resistance at Rs 94-95, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is at Rs 87.90, up 10.4% on the BSE.
10:01 AM - The market has opened higher on Friday. Sensex is at 9,670, up 101 points from the previous close. Nifty is at 2947, up 30 points.
9:58 AM - Technically, Satyam Computer can move up by another Rs 15-20 from current levels, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. But fundamentally, there's nothing much here, he adds. The stock is at Rs 134.95 on the BSE.
9:51 AM - SMC Global has a 'sell' rating on Tech Mahindra, with a target price of Rs 210, reports CNBC Awaaz. Keep a stoploss of Rs 275 here, it suggests. The stock is at Rs 248.55 on the BSE.
9:44 AM - Unitech has good support at Rs 35, which can be used as a stoploss here, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. On the upside, it will face some resistance at Rs 44, he adds. But if it closes below Rs 35, then one can say the upside is over and the stock can fall to Rs 30-22, he says. It is at Rs 37.10 on the BSE.
9:36 AM - Hem Securities has a 'sell' rating on Biocon, with a target price of Rs 103, reports CNBC Awaaz. Keep a stoploss of Rs 125 here, it suggests. The stock is at Rs 119.70 on the BSE.
9:30 AM - Nifty has good support at 2740 now, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. But the index needs to move above 3100 for a breakout, from where it can even go up to 3500-3600, he adds.
ninad avasare
Stock Trading Robot
4:03 PM - Ahead of the Christmas holiday tomorrow, world markets were quiet today. The Indian market saw a mildly choppy session on F&O expiry day and had a weak close. Sensex shut shop at 9568, down 118 points and Nifty at 2916, down 51 points from the previous close. CNX Midcap index was down 0.68% and BSE Smallcap index was down 1.07%. Realty and auto stocks saw selling pressure. The market breadth was negative with advances at 368 against declines of 850 on the NSE. Top Nifty gainers included BPCL, ICICI Bank and Suzlon while losers included Unitech, Tata Motors and HCL Technologies. » Send to friends
3:57 PM - Buy SAIL with a target of Rs 125-130 in two years, says Srikant Chouhan, technical analyst, Kotak Securities, on CNBC Awaaz. The stock is currently trading at Rs 75, down 2.9% on the BSE. » Send to friends
3:54 PM - Sell SAIL with a target of Rs 71-65 and stop loss of Rs 82, says Husseini Wadharia of Techno Shares on CNBC Awaaz. The stock is currently trading at Rs 75, down 2.64% on the BSE. » Send to friends
3:52 PM - HEM Securities maintains a sell call on Axis Bank with a target of Rs 460 and stop loss of Rs 525, reports CNBC Awaaz. The stock is currently trading at Rs 489, down 1.94% on the BSE. » Send to friends
3:47 PM - The market is likely to see tremendous momentum in the coming two weeks, feels PN Vijay, investment advisor, on CNBC-TV18. More good news is expected on the macro front and then one could see firm trade going ahead, he says. More interest rate cuts and fiscal stimulus package is possible, he says. The market is unlikely to retest the October lows, he adds. Chances are that Nifty will build nicely from the 3000 levels, he says. » Send to friends
3:41 PM - It was a choppy and ranged session on F&O expiry day. Sensex closed at 9598, down 87 points (provisional) and Nifty at 2928, down 39 points (provisional) from the previous close. CNX Midcap index was down 0.52% and BSE Smallcap index was down 0.97%. Realty and auto stocks got beaten down today. The market breadth was negative with advances at 407 against declines of 811 on the NSE. » Send to friends
3:33 PM - Avoid carrying any positions in Nifty futures, says Rajat Bose, technical analyst, on CNBC-TV18, as closing market strategy. Nifty support is between 2878-2861 and resistance at 2923-2957, he adds. » Send to friends
3:31 PM - Book profits in Nifty short, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy. One can initiate long positions on Nifty above 2950 for a bounce, he adds. » Send to friends
3:28 PM - The valuations of Satyam look good at current levels, says PN Vijay, investment advisor, on CNBC-TV18. The World Bank ban is unlikely to affect the business model of the company and we continue to buy into the stock at lower levels, he adds. The stock is currently trading at Rs 132, down 5.98% on the BSE. » Send to friends
3:24 PM - Sell TCS with a target of Rs 472-460 and stop loss of Rs 505, says Husseini Wadharia of Techno Shares on CNBC Awaaz. The stock is currently trading at Rs 489, down 2.28% on the BSE. » Send to friends
3:21 PM - Sell Stayam in any rally as it looks weak and could go down to Rs 90, says Srikant Chouhan, technical analyst, Kotak Securities, on CNBC Awaaz. The stock is currently trading at Rs 132, down 5.98% on the BSE. » Send to friends
3:15 PM - Satyam has seen a serious erosion in its image and confidence loss of the management, says Ashu Madam of Religare Securities, on CNBC Awaaz. The eight year ban from World Bank adds to its woes and institutional investors will try and sell out of this stock, he adds. The stock is currently trading at Rs 130, down 8.24% on the BSE. » Send to friends
3:11 PM - Nifty run up is seeing a correction, it has support at 2900 and an upside of 3150, says Srikant Chouhan, technical analyst, Kotak Securities, on CNBC Awaaz. BHEL, SBI, RIL and L&T can be bought at current levels as these stocks can offer some more upside, he adds. » Send to friends
3:06 PM - The first leg of the upmove that had started in the market from Nifty 2500 seems complete, says Sushil Kedia of CAIA on NDTV Profit. The correction may continue for some more days and Nifty is unlikely to break 2900, he adds. » Send to friends
3:01 PM - The Asian markets closed in the negative and European markets are trading soft. World markets seem to be in holiday mood ahead of Christmas tomorrow as volumes are thin. Our market is also in a tight range and weak. Sensex is trading at 9602, down 84 points and Nifty is at 2933, down 35 points from the previous close. CNX Midcap index is down 0.55% and BSE Smallcap index is down 1.03%. BSE Realty index is down 4%. The market breadth is negative with advances at 380 against declines of 820 on the NSE. » Send to friends
2:56 PM - Buy Ankur Drugs with a long-term target of Rs 139, says Ranjit Kapadia of Prabhudas Liladhar, on CNBC Awaaz. The stock is currently trading at Rs 87, up 3.29% on the BSE. » Send to friends
2:50 PM - Buy HPCL around Rs 272-282 with a target of Rs 298-310 and stop loss of Rs 260, says Husseini Wadharia of Techno Shares on CNBC Awaaz. The stock is currently trading at Rs 282, up 3.58% on the BSE. » Send to friends
2:44 PM - Hold DLF as it can go to Rs 325 where one can book profits, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 290, down 3.93% on the BSE. » Send to friends
2:37 PM - Buy SBI around Rs 1250-1280 with a target of Rs 1320-1350 and stop loss of Rs 1220, says Husseini Wadharia of Techno Shares on CNBC Awaaz. The stock is currently trading at Rs 1277, up 1.10% on the BSE. » Send to friends
2:30 PM - Buy OBC with a target of Rs 166 and stop loss of Rs 142, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 149, up 1.01% on the BSE » Send to friends
2:23 PM - Fortis Healthcare board approves raising funds upto Rs 1000 crore for rights issue, says S Mohan Singh, MD & CEO on CNBC TV18. Of this, Rs 400 crore will be used to cut out outstanding debts in the books, he says. Part of the funds will be used for greenfield expansion projects, he adds. The stock is currently trading at Rs 70, up 0.72% on the BSE » Send to friends
2:15 PM - Hold Unitech as it can go to Rs 55 where one can book profits, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 36, down 13.12% on the BSE » Send to friends
2:10 PM - SMC Global Securities maintains a buy call on Power Grid with a target of Rs 100 and stop loss of Rs 72, reports CNBC Awaaz. The stock is currently trading at Rs 81, down 0.73% on the BSE. » Send to friends
2:03 PM - The market is still under pressure. Sensex is trading at 9566, down 120 points and Nifty is at 2927, down 41 points from the previous close. CNX Midcap index is down 0.80% and BSE Smallcap index is down 1.08%. The market breadth is negative with advances at 328 against declines of 877 on the NSE. » Send to friends
1:54 PM - HEM Securities maintains a sell call on United Spirits with a target of Rs 860 and stop loss of Rs 970, reports CNBC Awaaz. The stock is currently trading at Rs 892, up 3.23% on the BSE. » Send to friends
1:47 PM - SMC Global Securities maintains a sell call on Kotak Mahindra Bank with a target of Rs 320 and stop loss of Rs 376, reports CNBC Awaaz. The stock is currently trading at Rs 339, up 1.03% on the BSE. » Send to friends
1:40 PM - HEM Securities maintains a sell call on ONGC with a target of Rs 650 and stop loss of Rs 740, reports CNBC Awaaz. The stock is currently trading at Rs 676, down 1.74% on the BSE. » Send to friends
1:33 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 478, down 1.43% on the BSE. » Send to friends
1:27 PM - MIC Electronics needs to move above Rs 47 for any major uptrend, says Rahul Mohindar, technical analyst, on CNBC Awaaz. One can hold it keeping a stop loss of Rs 32, he suggests. The stock is currently trading at Rs 35, up 0.98% on the BSE. » Send to friends
1:18 PM - This is an upmove in a bear market, says Ajay Bagga of Lotus India Asset Management, on CNBC TV18. January is a month that sees fresh allocation of money and the market could see a bounce again, he adds. » Send to friends
1:10 PM - The Asian markets are trading weak. The Indian market is trending weak with F&O expiry today. Sensex is trading at 9608, down 78 points and Nifty is at 2940, down 60 points from the previous close. CNX Midcap index is down 0.63% and BSE Smallcap index is down 1.09%. The market breadth is negative with advances at 322 against declines of 851 on the NSE. » Send to friends
1:03 PM - The Nifty can dip to 2640 in the near-term with prospects of 2460, says Sushil Kedia, CMT, CAIA, on CNBC-TV18. However, the market could bounce back from lows and Nifty can go up to 3500-3600 by late January 2009, he adds. » Send to friends
12:55 PM - Reliance Power has resistance at Rs 140, says Rahul Mohindar, technical analyst, on CNBC Awaaz. One can hold it keeping a stoploss of Rs 110, he suggests. The stock is currently trading at Rs 121.35, down 2.3% on the BSE. » Send to friends
12:46 PM - GVK Power has strong resistance at Rs 24, says Prakash Gaba, technical analyst, on CNBC Awaaz. One can look at buying the stock at Rs 14-12, he suggests. It is currently trading at Rs 20.85, down 4.6% on the BSE. » Send to friends
12:40 PM - There's limited downside in Neyveli Lignite and one can continue to hold it, says Rajesh Agarwal of CD Equisearch, on CNBC Awaaz. The stock is currently trading at Rs 62.90, down 3.4% on the BSE. » Send to friends
12:33 PM - Orbit Corporation looks weak and it is best to stay out of the stock now, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 59.70, down 6.6% on the BSE. » Send to friends
12:26 PM - One can look at buying India Cements at Rs 80 or so, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 91.75, down 2.8% on the BSE. » Send to friends
12:18 PM - Look at selling EIH on rise, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 129.90, down 3.9% on the BSE. » Send to friends
12:11 PM - One can buy Shree Renuka Sugar, keeping a stoploss of Rs 61 for targets of Rs 90-95, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 63.30, up over 1% on the BSE. » Send to friends
12:03 PM - JP Associates looks weak on the charts, says Prakash Gaba, technical analyst, on CNBC Awaaz. If one wishes to buy it, then do so close to Rs 50, he suggests. The stock is currently trading at Rs 75.80, down 3.4% on the BSE. » Send to friends
11:52 AM - The trend in Everonn Systems is down and one should exit it as soon as possible, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock can fall below Rs 200 too, he adds. The stock is currently trading at Rs 228, down 3.8% on the BSE. » Send to friends
11:44 AM - If the market falls further, the 2878 -2904 would act as a strong support level for the Nifty from where it could bounce back to 3115 or so, says Neppolian Pillai, technical analyst, on CNBC-TV18. » Send to friends
11:37 AM - Indo Tech will face stiff resistance at Rs 350-400, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 278.25, down 0.3% on the BSE. » Send to friends
11:30 AM - CESC looks a little sluggish and should be sold if one has a short term view, says Prakash Gaba, technical analyst, on CNBC Awaaz. If one wants to buy the stock for the long term, then wait for it to fall close to Rs 200, he suggests. The stock is currently trading at Rs 249, down 2.2% on the BSE. » Send to friends
11:20 AM - It will not be very surprising to see Unitech fall to Rs 30 again after the good run-up that it saw, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. The stock is at Rs 38.85, down 8.2% on the BSE. » Send to friends
11:11 AM - One can look at buying Yes Bank between Rs 72 and Rs 66 for target price of Rs 80-90, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 73.70, up 0.1% on the BSE. » Send to friends
11:02 AM - The market is still trading lower, though off the day's lows now. Sensex is at 9,610, down 78 points from the previous close. Nifty is at 2944, down 24 points. BSE Midcap index is also down 0.7% and BSE Smallcap index, down 0.9%. Banking stocks are seeing good buying, while realty, auto and metal stocks are under selling pressure. » Send to friends
10:56 AM - In realty, DLF's charts look good and one can look at buying the stock on dips, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 293.70, down 2.7% on the BSE. » Send to friends
10:49 AM - SAIL needs to hold Rs 76-65 for further uptrend, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 76, down 2.2% on the BSE. » Send to friends
10:40 AM - Below Rs 113, Satyam Compter can fall to Rs 106, where one can look at buying the stock, keeping a strict stoploss for trading purposes, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 120.30, down 14.3% on the BSE. » Send to friends
10:32 AM - In PSU banks, one can look at buying of Bank of India and Punjab National Bank, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. BoI is at Rs 280.40 and PNB at Rs 502.75, on the BSE. » Send to friends
10:25 AM - Look at buying IDFC at Rs 56-46 for a target of Rs 72-77, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 59, up 0.9% on the BSE. » Send to friends
10:16 AM - The long term charts of Infosys, Reliance Industries and SBI show that the stocks are ready for a breakdown, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. Infosys is at Rs 1,185.20 (up 0.7%), RIL at Rs 1,245.25 (down 1.2%) and SBI at Rs 1,264, on the BSE. » Send to friends
10:08 AM - One can look at buying Unitech between Rs 38 and Rs 32 for trading, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 39.60, down 6.4% on the BSE. » Send to friends
10:01 AM - The market has opened slightly lower on Wednesday. Sensex is at 9,615, down 71 points from the previous close. Nifty is at 2943, down 25 points. » Send to friends
9:53 AM - Continue to hold sugar stocks for now and even buy more on dips, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. » Send to friends
9:46 AM - It is best to sell Satyam Computer for now, as the stock price can fall to 2-digits, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. The stock is at Rs 140.40 on the BSE. » Send to friends
9:39 AM - Look at buying infrastructure stocks on dips, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. This is because once the market stabilises, infrastructure stocks will be among the first ones to run up again, he explains. Then book profits at higher levels, he adds. » Send to friends
9:33 AM - The Nifty closing below 3000 shows that the short term trend is down now, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. Now the first downward target for the index is 2750-2700, he adds. Book profits in long positions, he suggests. » Send to friends
ninad avasare
Stock Trading Robot
4:01 PM - The Asian markets closed weak. The Indian market also had a similar session and saw some choppiness ahead of F&O expiry tomorrow. Sensex shut shop at 9686, down 241 points and Nifty at 2968, down 70 points from the previous close. CNX Midcap index was down 2.39% and BSE Smallcap index was down 2.56%. The market breadth was negative with advances at 217 against declines of 1041 on the NSE. Top Nifty gainers included RCom and Hero Honda while losers included Satyam, Unitech and Tata Motors.
3:55 PM - Hold Balrampur Chini as it has resistance at Rs 55, once that is crossed it could go to Rs 70-73, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 46, up 0.22% on the BSE.
3:52 PM - This is a good time to invest into the market and build a portfolio, says R Balakrishnan of Centrum Capital, on NDTV Profit. The market is seeing a short-term rally on account of short covering, he says. The economic outlook though is still not clear, he adds.
3:50 PM - The volatility one sees ahead of F&O expiry may be over today and the market may open steady tomorrow, says DD Sharma of Anand Rathi Securities on CNBC Awaaz. As the day progresses the market may move up tomorrow and one can buy on dips, he adds.
3:46 PM - The market may see some choppiness ahead of F&O expiry tomorrow, so one needs to be stock specific and buy on dips, says E Mathew, technical analyst, on CNBC Awaaz. One can buy Nifty January calls with stop loss of 2810-2850, he adds.
3:42 PM - The market saw a weak session today. Sensex closed at 9677, down 251 points (provisional) and Nifty at 2967, down 72 points (provisional) from the previous close. CNX Midcap index was down 2.38% and BSE Smallcap index was down 2.53%. The market breadth was negative with advances at 235 against declines of 1022 on the NSE.
3:35 PM - Close all Nifty positions today, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy. Buy Nifty between 2850-2900 for a 200 point upmove tomorrow, he says. Maintain long positions on Bajaj Hindustan with a target of Rs 80, he adds.
3:33 PM - Buy Nifty January futures above 2985 with stop loss of 2940 and target of 3055, says Vijay Bhambwani, technical analyst, on CNBC-TV18, as closing market strategy.
3:27 PM - Sell Educomp with a target of Rs 2200 and stop loss of Rs 2800, says Hardik Jain of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 2631, down 6.17% on the BSE.
3:19 PM - The worst seems to be over for the global markets, says Jay Moghe of Asian Alternative Consulting, on NDTV Profit. Global issues will impact the Sensex, he feels. Expect the market to be rangebound going ahead and liquidity to continue to be an issue, he adds. The markets are not likely to hit new lows, he says.
3:11 PM - Karvy Stock Broking maintains a buy call on PNB with a target of Rs 627, reports Zee Business. The stock is currently trading at Rs 501, down 4.49% on the BSE.
3:03 PM - The market continues to be under pressure. Sensex is trading at 9710, down 217 points and Nifty is at 2978, down 61 points from the previous close. CNX Midcap index is down 2.53% and BSE Smallcap index is down 2.76%. The market breadth is negative with advances at 224 against declines of 1026 on the NSE.
2:54 PM - Buy Suzlon with a target of Rs 62-75-80 and stop loss of Rs 52, says Hardik Jain of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 56, down 6.53% on the BSE.
2:45 PM - Angel Stock Broking maintains a buy call on Petronet LNG with a target of Rs 80, reports Zee Business. The stock is currently trading at Rs 39, down 0.87% on the BSE.
2:36 PM - Buy Unitech with a target of Rs 65 and stop loss of Rs 38, says Hardik Jain of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 41, down 8.63% on the BSE.
2:28 PM - HEM Securities maintains a sell call on Tata Chemicals with a target of Rs 147 and stop loss of Rs 161, reports CNBC Awaaz. The stock is currently trading at Rs 153, down 1.42% on the BSE.
2:19 PM - After a 10-12 day run up, a correction was due and the market is taking a breather, says Rahul Mohindar, technical analyst, on CNBC-TV18. But the uptrend is intact till Sensex does not go below 9300, he feels. Nifty is likely to go to 3300-3400 in January, he adds.
2:11 PM - Sell Kotak Mahindra Bank with a target of Rs 307 and stop loss of Rs 355, says Hardik Jain, Angel Broking, on CNBC Awaaz. The stock is currently trading at Rs 339, down 5.89% on the BSE.
2:01 PM - The European markets have opened in the positive. The Indian market continues to trade weak. Sensex is trading at 9726, down 202 points and Nifty is at 2983, down 55 points from the previous close. CNX Midcap index is down 2.09% and BSE Smallcap index is down 2.01%. The market breadth is negative with advances at 226 against declines of 990 on the NSE.
1:52 PM - Buy SBI in the banking space, BHEL and L&T in the capital goods space as these are good stocks to accumulate on dips for the long term, says Upendra Kulkarni of Fortess Financial, on CNBC Awaaz. This is a bear market rally and tomorrow being F&O expiry, one could see some volatility going ahead, he feels. But the short trend is up, he adds.
1:45 PM - Buy Noida Toll Bridge a target of Rs 29 and stop loss of Rs 20, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 22.9, down 2.76% on the BSE.
1:37 PM - Hold Lanco Infra as it has resistance at Rs 198-255 where one can book profits, says Amarjeet Singh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 158, down 4.33% on the BSE.
1:29 PM - Buy RPL a target of Rs 101-106 and stop loss of Rs 81, says Imtiaz Quereshi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 88, down 0.79% on the BSE.
1:23 PM - Hold Jaiprakash Associates as it has resistance at Rs 120-150 where one can book profits, says Amarjeet Singh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 78, down 10.53% on the BSE.
1:14 PM - The Asian markets are trading weak. The Indian market is also under pressure. Sensex is trading at 9713, down 214 points and Nifty is at 2978, down 60 points from the previous close. CNX Midcap index is down 2.11% and BSE Smallcap index is down 1.93%. The market breadth is negative with advances at 245 against declines of 955 on the NSE.
1:06 PM - Axis Bank has support at Rs 470 and resistance at Rs 630, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 507.65, down 5.4% on the BSE.
12:59 PM - India Infoline recommends 'sell' on HDFC, with a stoploss of Rs 1,540 for a potential target of Rs 1,400 and Rs 1,380, reports CNBC-TV18. The stock is currently trading at Rs 1,476, down 1.2% on the BSE.
12:51 PM - Bank of India has support at Rs 270 and will face resistance at Rs 315, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. One can continue to hold it, he suggests. The stock is currently trading at Rs 284.40, down 4.3% on the BSE.
12:42 PM - Canara Bank has support at Rs 160 and resistance at Rs 215, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. One should look at exiting the stock above Rs 210, he suggests. It is currently trading at Rs 188.95, down 3.6% on the BSE.
12:34 PM - As compared to other stocks in the IT sector, Aptech is comparitively recession-proof, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. One may look at exiting the stock at Rs 130-140, he suggests. It is currently trading at Rs 88.70, up 0.3% on the BSE.
12:27 PM - Punjab National Bank has support at Rs 445 and resistance at Rs 570, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 505.95, down 3.7% on the BSE.
12:20 PM - Indian Bank has support at Rs 114 and resistance at Rs 144, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. One can hold it for the long term, he suggests. The stock is currently trading at Rs 125.10, down 1.9% on the BSE.
12:12 PM - India Infoline has a 'buy' rating on Maruti, with a target price of Rs 578, reports CNBC Awaaz. The stock is currently trading at Rs 511.40, down 3.3% on the BSE.
12:04 PM - One can hold Hero Honda for the long term, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock has support at Rs 745 and will face resistance at Rs 860, he adds. It is currently trading at Rs 811, up over 1% on the BSE.
11:56 AM - Union Bank has support at Rs 145 and will face resistance at Rs 180, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. One can continue to hold it, he suggests. The stock is currently trading at Rs 161, down 2.3% on the BSE.
11:49 AM - Crude is likely to trade between $24 and $38 per barrel, says says Daryl Guppy, Founder and Director, guppytraders.com, on CNBC-TV18. He sees resistance for crude at $48-50 per barrel.
11:42 AM - Mahindra & Mahindra has a long-term investment benefit so one can continue to hold it, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It has support at RS 245 and resistance at Rs 400, he adds. The stock is currently trading at Rs 300.60, down 2% on the BSE.
11:35 AM - One can continue to hold Bajaj Auto, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock has support at Rs 340 and will face resistance at Rs 485, he adds. It is currently trading at Rs 411, down 0.3% on the BSE.
11:26 AM - Macquarie has a 'neutral' rating on JP Associates, with a 12-month target price of Rs 89, reports CNBC-TV18. The stock is currently trading at Rs 81.65, down 6.6% on the BSE.
11:18 AM - One should take profits now and can go short on the Nifty and Sensex, says Daryl Guppy, Founder and Director, guppytraders.com, on CNBC-TV18.
11:12 AM - Petronet LNG is in a trading range, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. Once it breaks Rs 41-42, it can test Rs 60, he adds. The stock is currently trading at Rs 40.85, up 1.9% on the BSE.
11:05 AM - The market is trading close to the day's lows. Sensex is at 9,763, down 164 points from the previous close. Nifty is at 2993, down 45 points. BSE Midcap index is also down 1.2% and BSE Smallcapindex, down 1.3%. Capital goods, realty, consumer durables and auto stocks are seeing significant selling pressure.
11:00 AM - If the Nifty continues to rally, then Suzlon can go up to Rs 77, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 50, he adds. The stock is currently trading at Rs 59.80, down 1.1% on the BSE.
10:51 AM - If Mahindra & Mahindra can cross Rs 350 then it will go up to Rs 415-420, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 240, he adds. The stock is currently trading at Rs 294.80, down 3.9% on the BSE.
10:44 AM - Tata Motors can go up to Rs 204-240, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support of Rs 150, he adds. The stock is currently trading at Rs 179.80, down 4.4% on the BSE.
10:37 AM - HCL Technologies has a target of Rs 150, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock has support of Rs 120, he adds. The stock is currently trading at Rs 126.70, down 5% on the BSE.
10:30 AM - The market has been facing immense pressure on the upside, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. The resistance of 3150-3200 on the Nifty is still holding strong, so it's a good time for the market to correct, he says. Sell on the short side, he suggests.
10:22 AM - Prabhudas Lilladher has a 'sell' rating on Monnet Ispat, with a target price of Rs 114, reports CNBC Awaaz. The stock is currently trading at Rs 146.05, down over 7% on the BSE.
10:15 AM - One cannot say where the fall in Maytas Infra will end, so it is best to exit the stock now, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It is currently trading at Rs 201.35, down 10% on the BSE.
10:08 AM - Petronet LNG needs to cross Rs 45 to go up to Rs 52, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock has support at Rs 38, he adds. It is currently trading at Rs 40.50, up 1% on the BSE.
10:01 AM - The market has opened lower on Tuesday. Sensex is at 9,813, down 115 points from the previous close. Nifty is at 3005, down 36 points.
9:55 AM - The trend in JP Associates is still up, says Rahul Mohindar, technical analyst, on CNBC Awaaz. One can continue to hold it, keeping a stop loss of Rs 74, he suggests. If the market remains good, the stock can go up to Rs 110-115 in the short term, he adds. It is at Rs 87.40 on the BSE.
9:46 AM - Banking stocks may decline 5-10% from yesterday's levels today, says Rahul Mohindar, technical analyst, on CNBC Awaaz. Look at this as a buying/accumulating opportunity for the short term, he suggests.
9:39 AM - Morgan Stanley has a 'buy' rating on Bajaj Hindusthan, with a target price of Rs 125, reports CNBC Awaaz. The stock is currently trading at Rs 60.25 on the BSE.
9:32 AM - The market may open weak and slip 50-60 points from yesterday's close, says Rahul Mohindar, technical analyst, on CNBC Awaaz. But it may see an intra-day rebound and the second half of the session today may give some opportunities, he adds.
ninad avasare
Stock Trading Robot
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
