4:02 PM - The market saw a cautious session today ahead of the Barack Obama swearing in as 44th US President tonight. The last hour of trade saw a surge in power stocks following favourable CERC guidelines on power projects and their return on equity. Sensex shut shop at 9100, down 229 points and Nifty at 2796, down 49 points from the previous close. CNX Midcap index was down 1.23% and BSE Smallcap index was down 0.36%. The market breadth was negative with advances at 415 against declines of 771 on the NSE. Top Nifty gainers included Power Grid, NTPC and Reliance Infrastructure while losers included Tata Steel, Siemens and Bharti Airtel.

3:58 PM - Buy NTPC with a target of Rs 205-210 in 2-3 months, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 186, up 4.4% on the BSE.

3:57 PM - Buy HUL with a target of Rs 263 and stop loss of Rs 248, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 246, down 2.8% on the BSE.

3:56 PM - The market has no clear direction and Nifty needs to close above 2800 to take it further up, says Shahina Mukadam of IDBI Capital, on CNBC Awaaz. In case the market shows weakness, then Nifty could go to 2650, she adds. The upcoming auto and RIL results could determine the strength of the market, she feels.

3:50 PM - If Nifty is able to close above 2800 for a few sessions then the market could be out of the downtrend, says E Mathew, technical analyst, on CNBC Awaaz. In the short term, Nifty is now likely to go to 2930 and beyond, he adds.

3:46 PM - Nifty is in a range of 2700-3200 and 2900 seems to be on the cards in the short term, says Rahul Mohindar, technical analyst, on CNBC TV18. Do not maintain short on Nifty as a major trend breakout seems possible now that could take Nifty higher, he adds.

3:40 PM - It was a quiet session for the market today with power stocks surging in last hour of trade on account of new CERC guidelines on return on equity. Sensex closed at 9100, down 229 points (provisional) and Nifty at 2795, down 50 points (provisional) from the previous close. CNX Midcap index is down 1.48% and BSE Smallcap index is down 0.39%. The market breadth was negative with advances at 432 against declines of 749 on the NSE.

3:34 PM - Buy January 2900 call options with a stop loss of Rs 20, says Rajat Bose, technical analyst, on CNBC TV18, as closing market strategy.

3:32 PM - Close all short positions on Nifty if it closes above 2775, says Vijay Bhambwani, technical analyst, on CNBC TV18, as closing market strategy.

3:23 PM - HEM Securities maintains a buy call on Cairn India with a target of Rs 172 and stop loss of Rs 150, reports CNBC Awaaz. The stock is currently trading at Rs 152, down 2.7% on the BSE.

3:13 PM - CERC power project guidelines may boost PAT in Power Grid by 5-6% and add Rs 250 crore to NTPC's PAT, says Abhijeet Anand of Antique Stock Broking, on CNBC TV18. These guidelines are to ensure power projects completed on time and companies can avail of benefits, he says.

3:08 PM - CERC puts return on equity (RoE) for power projects at 15.5% versus 14% and this will be applicable from 2009-2014, reports CNBC TV18. Power stocks surge on the news, Power Grid is up 12%, Neyveli Lignite up 15% and NTPC up 5% on the BSE.

3:01 PM - The market has seen a small recovery. Sensex is trading at 9123, down 205 points and Nifty is at 2800, down 45 points from the previous close. CNX Midcap index is down 0.77% and BSE Smallcap index is down 0.17%. The market breadth is negative with advances at 412 against declines of 729 on the NSE.

2:52 PM - Buy Tata Steel with a target of Rs 224 and stop loss of Rs 200, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 196, down 5.6% on the BSE.

2:44 PM - SMC Global maintains a buy call on IOC with a target of Rs 495 and stop loss of Rs 414, reports CNBC Awaaz. The stock is currently trading at Rs 446, up 0.90% on the BSE.

2:35 PM - Sell Pantaloon Retail with a target of Rs 159 and stop loss of Rs 180, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 164, down 5.07% on the BSE.

2:27 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 442, down 2.85% on the BSE.

2:19 PM - Sell Aditya Birla Nouvo with a target of Rs 503 and stop loss of Rs 533, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 515, down 1.47% on the BSE.

2:13 PM - Sell Educomp on any rally as it looks weak and could go down to Rs 1925, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 1947, down 7.55% on the BSE.

2:07 PM - Educomp promoters have sold only 5.07% stake over a period of three years for raising personal liquidity, clarifies Shantanu Prakash, MD of the company, on NDTV Profit, on rumours in the market on promoter holding. Promoters still hold 55% stake in the company and not a single share has been pledged, he adds. The company earns 50% revenues from 1267 private schools, 30-35% revenues from 14 state government tie-ups across the country, he adds. The stock is currently trading at Rs 1937, down 8.24% on the BSE.

2:00 PM - The European markets have opened in the positive. The Indian market is still under pressure. Sensex is trading at 9096, down 233 points and Nifty is at 2777, down 68 points from the previous close. CNX Midcap index is down 1.04% and BSE Smallcap index is down 0.47%. There is selling in metals, banks, realty and auto stocks. The market breadth is negative with advances at 358 against declines of 774 on the NSE.

1:52 PM - HEM Securities maintains a buy call on LIC Housing with a target of Rs 262 and stop loss of Rs 234, reports CNBC Awaaz. The stock is currently trading at Rs 237, down 1.35% on the BSE.

1:44 PM - Sell Hotel Leela on any rally, it has resistance at Rs 22-23 where one can exit the stock, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 18.9, down 0.53% on the BSE.

1:39 PM - Angel Broking maintains a buy call on Petronet LNG with a target of Rs 80, reports Zee Business. The stock is currently trading at Rs 36, down 1.2% on the BSE.

1:25 PM - HEM Securities maintains a buy call on ONGC with a target of Rs 692 and stop loss of Rs 650, reports CNBC Awaaz. The stock is currently trading at Rs 656, down 2.15% on the BSE.

1:16 PM - The market is in a secular bear market with an intermediate downtrend in place, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Nifty is likely to break 2700 and is seen at 2500 soon, he adds.

1:09 PM - The Asian markets are trading deep in the negative. The Indian market is seeing a tough session. Sensex is trading at 9080, down 249 points and Nifty is at 2772, down 73 points from the previous close. CNX Midcap index is down 1.08% and BSE Smallcap index is down 0.49%. The market breadth is negative with advances at 369 against declines of 743 on the NSE.

12:59 PM - Hold Hero Honda with target of Rs 810, says Hardik Jain, technical analyst, on NDTV Profit. It can go up to Rs 940-950 at which level new investors can buy, he adds. The stock is currently trading at Rs 820.80, down 1.9% on the BSE.

12:52 PM - Sell Punj Lloyd with target of Rs 130, says Salil Sharma, technical analyst, on Zee Business. Keep stop loss of Rs 104, he adds. The stock is currently trading at Rs 111.75, down 1.9% on the BSE.

12:44 PM - Buy PFC with target of Rs 145, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 125, he adds. The stock is currently trading at Rs 131.75, up 0.6% on the BSE.

12:38 PM - Tata Steel, SAIL and Sterlite Industries have good trading opportunities, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Buy at dips and hold for few days, he adds.

12:31 PM - Hold Idea Cellular with target of Rs 49-50, says Salil Sharma, technical analyst, on Zee Business. Keep stop loss of Rs 41, he adds. The stock is currently trading at Rs 43.30, down 1.8% on the BSE.

12:25 PM - Hold Opto Circuits with target of Rs 120, says Salil Sharma, technical analyst, on Zee Business. Keep stop loss of Rs 80, he adds. The stock is currently trading at Rs 87.65, down 0.7% on the BSE.

12:17 PM - Do not see immediate positive market rebound on Obama Barack's induction, says Glenn Maguire of Societe Generale on CNBC TV18. New administration cannot do much to immediately boost bank lending, he adds.

12:10 PM - The market at noon remains dismal with realty and telecom stocks playing the main spoiler. Sensex is trading at 9087, down 241 points from its previous close, and Nifty is at 2775, down 70 points. CNX Midcap index is down 1% and BSE Smallcap index is down 0.5%. The market breadth is negative with advances at 328 against declines of 738 on the NSE.

12:04 PM - Hold Akruti City, says Hormuz Maloo, technical analyst with Geojit Financial Services, on CNBC Awaaz. It has support at Rs 675, he adds. The stock is currently trading at Rs 729, up 2.1% on the BSE.

11:57 AM - Hold Jet Airways with target of Rs 230, says Hardik Jain, technical analyst, on NDTV Profit. The stock is currently trading at Rs 182.65, down 2.7% on the BSE.

11:50 AM - Buy HDIL at Rs 110 with target of Rs 116, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 106, she adds. The stock is currently trading at Rs 108, down 2.4% on the BSE.

11:43 AM - Hold GMR Infra with target of Rs 99, says Salil Sharma, technical analyst, on Zee Business. Keep stop loss of Rs 62, he adds. The stock is currently trading at Rs 75.20, down 1.5% on the BSE.

11:36 AM - Hold Satyam Computers with target of Rs 38-39, says Salil Sharma, technical analyst, on Zee Business. Keep stop loss of Rs 19, he adds. The stock is currently trading at Rs 25.60, up 0.6% on the BSE.

11:30 AM - Sell Nifty Futures with targets of 2712 and 2697, says Rajat Bose, technical analyst, on CNBC TV18. Keep stop loss of 2728, he adds.

11:23 AM - Sell NTPC at Rs 178 with target of Rs 172, says Hemen Kapadia, technical analyst, on Zee Business. Keep stop loss of Rs 181, he adds. The stock is currently trading at Rs 175, down 1.7% on the BSE.

11:17 AM - An hour after opening, the Indian market is still under pressure with Nifty slipping below the 2800 mark. Sensex is trading at 9075, down 254 points from its previous close, and Nifty is at 2769, down 76 points. CNX Midcap index is down 1.3% and BSE Smallcap index is down 0.7%. The market breadth is negative with advances at 264 against declines of 734 on the NSE.

11:10 AM - Sell Sterlite Technologies at Rs 62, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It is trading in the range of Rs 44 and 62, he adds. Investors can buy at Rs 44, he adds. The stock is currently trading at Rs 57.10, up 2.9% on the BSE.

11:02 AM - Hold Jaiprakash Hydro-Power, says Hormuz Maloo, technical analyst with Geojit Financial Services, on CNBC Awaaz. It has resistance at Rs 36, he adds. If Sensex and Nifty break their support levels of 9000 and 2700 respectively, then exit from stock, he says. The stock is currently trading at Rs 30.95, down 3.3% on the BSE.

10:55 AM - Buy GAIL India at Rs 213 with target of Rs 219, says Hemen Kapadia, technical analyst, on Zee Business. Keep stop loss of Rs 210, he adds. The stock is currently trading at Rs 207.10, down 2.7% on the BSE.

10:48 AM - Aggressive traders can sell Balaji Telefilms with stop loss of Rs 62, says Anil Singhvi, market expert on CNBC Awaaz. Investors should hold, he adds. The stock is currently trading at Rs 56, down 4.1% on the BSE.

10:41 AM - Hold GMR Infra with stop loss of Rs 60, says MB Singh, technical analyst, on Zee Business. It has resistance at Rs 77-78, he adds. The stock is currently trading at Rs 75, down 1.8% on the BSE.

10:34 AM - Sell Cipla at Rs 180 with target of Rs 175, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 183, she adds. The stock is currently trading at Rs 177, down 2% on the BSE.

10:27 AM - Buy SAIL at Rs 82 with target of Rs 86, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 80, she adds. The stock is currently trading at Rs 79.15, down 4.2% on the BSE.

10:20 AM - Aggressive traders can sell MindTree with target of Rs 225, says Anil Singhvi, market expert on CNBC Awaaz. Keep stop loss of Rs 245, he adds. The stock is currently trading at Rs 214, down 9.9% on the BSE.

10:13 AM - Market will stay gap-down today, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Strategy would be avoid positions on long trade and sell on rally, he adds.

10:07 AM - The market opens weak as expected with Asian markets not doing too well, either. Sensex is trading at 9091, down 238 points from its previous close, and Nifty is at 2772, down 75 points. CNX Midcap index is down 1% and BSE Smallcap index is down 0.5%. The market breadth is negative with advances at 74 against declines of 387 on the NSE.

10:00 AM - Buy Colgate-Palmolive at Rs 395 with target of Rs 404, says Hemen Kapadia, technical analyst, on Zee Business. Keep stop loss of Rs 392, he adds. The stock is at Rs 395.50, up 0.7% on the BSE.

9:52 AM - Expect the Nifty to open at 2790-2800 and go down to 2700 odd levels, says Siddharth Bhamre of Angel Broking on CNBC TV18. Intra-day traders should trade on rally, he adds.

9:46 AM - Sell Axis Bank with stop loss of below Rs 420, says MB Singh, technical analyst, on Zee Business. It has support at Rs 352, he adds. The stock is at Rs 438.35, down 1.4% on the BSE

9:39 AM - Market will be cautious with the swearing-in of Barack Obama this evening, says Deven Choksey of KR Choksey, on CNBC TV18. It will be range-bound and between 9800-9820 for the next few terms, he adds.

9:32 AM - Sensex will be 200-300 points lower today, says Deepak Mohoni, technical analyst, on CNBC TV18. Nifty will be 100 points lower, he adds.