4:01 PM - The Asian markets ended firm and European markets rallied on news of UK government's second bailout package for banks. Positive global cues saw our market hold key levels but ended flat. Sensex shut shop at 9329, up 5 points and Nifty at 2846, up 17 points from the previous close. CNX Midcap index was up 0.82% and BSE Smallcap index was up 1.13%. The market breadth was positive with advances at 713 against declines of 471 on the NSE. Top Nifty gainers included Unitech, Suzlon and SAIL while losers included Mahindra & Mahindra, Wipro and Maruti Suzuki.
3:58 PM - Sell DLF with a target of Rs 179-162 and stop loss of Rs 214, says Imtiaz Qureshi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 195, down 0.03% on the BSE.
3:56 PM - Hold Bank of Rajasthan with resistance at Rs 39.50 after which it could go to Rs 44, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock has support at Rs 35 and is currently trading at Rs 38, up 3.9% on the BSE.
3:53 PM - The market is likely to see more upside with Nifty levels of 2950-3020, says Rajat Bose, technical analyst, on CNBC Awaaz. Buy on dips and do not go short until Nifty 2780 is broken, he adds.
3:49 PM - Nifty has strong support at 2720 and the market is seeing a positive bias in a bear setup, says Gaurav Ranade of Edelweiss, on CNBC TV18. Any rally is an opportunity to sell as Nifty could go to 2950 now, he adds.
3:42 PM - The market saw a flat close today with buying in metals and realty and selling in banking stocks. Sensex closed at 9302, down 21 points (provisional) and Nifty at 2837, up 9 points (provisional) from the previous close. CNX Midcap index was up 0.83% and BSE Smallcap index was up 1.20%. The market breadth was positive with advances at 695 against declines of 483 on the NSE.
3:36 PM - Go short on Nifty with stop loss of 2880 and target of 2740-2750, says Devangshu Datta, market expert, on CNBC-TV18, as closing market strategy.
3:34 PM - Hold on to Nifty long positions with stop loss of 2750-2800 and target of 2870-2930, says E Mathew, technical analyst, on CNBC-TV18, as closing market strategy.
3:25 PM - Buy Suzlon with a target of Rs 59-66 and stop loss of Rs 46, says Imtiaz Qureshi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 54, up 7.12% on the BSE.
3:19 PM - Earnings will continue to be under pressure and market is likely to revisit October lows, says Jyotivardhan Jaipura of DSP Merril Lynch, on NDTV Profit. Metal and IT stocks will continue to show downside in the next two quarters, he adds.
3:14 PM - The market is likely to retest the October lows before seeing any sustainable rally, says Allan Conwy of Schroder, on NDTV Profit. The market will see a bear market rally for some time, he adds.
3:10 PM - These are extraordinary times and the government will do everything possible to expand lending, says Gordon Brown, UK PM, while announcing the second banking bailout package, on CNBC TV18. The overall credit availability has been inadequate to support the economy, he feels. The UK government plans to offer capital, asset protection for banks, he says. Bank of England to give more details of the new facilities on Tuesday, he adds.
3:03 PM - The European markets have rallied following the announcement of a second bailout package by the UK government. Strong global cues see our market trade firm. Sensex is trading at 9408, up 84 points and Nifty is at 2867, up 38 points from the previous close. CNX Midcap index is up 0.83% and BSE Smallcap index is up 1.19%. The market breadth is positive with advances at 750 against declines of 407 on the NSE.
2:56 PM - Buy Reliance Power with a target of Rs 110-121 and stop loss of Rs 96, says Imtiaz Qureshi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 102, up 1.83% on the BSE.
2:46 PM - Hold Balrampur Chinni with a target of Rs 63-73 and stop loss of Rs 51.90, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 55, up 3.1% on the BSE.
2:40 PM - Buy Century Textile with a target of Rs 180-198 and stop loss of Rs 152, says Imtiaz Qureshi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 170, up 3.43% on the BSE.
2:33 PM - Allahabad Bank posts good results, Q3 net profit is at Rs 369 crore versus Rs 365 crore, reports NDTV Profit. Q3 NII is at Rs 604 crore versus Rs 418 crore, total income at Rs 2306 crore versus Rs 1956 crore and other income at Rs 408 crore versus Rs 400 crore. The stock is up 6.7%, trading at Rs 55 on the BSE.
2:24 PM - Buy Bharati Airtel with a target of Rs 671-692 and stop loss of Rs 603, says Imtiaz Qureshi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 645, up 2% on the BSE.
2:16 PM - Satyam saga: Damage to investor psyche is huge so chances are that clients will move out of Satyam as and when they can, says Ajay Bagga, market expert, on CNBC TV18. The stock is currently trading at Rs 25, up 3.67% on the BSE.
2:11 PM - The first half of 2009 will see quite a trading momentum, says Elroy Lobo of Kotak AMC on CNBC TV18. It will be a volatile market because of the elections, he adds.
2:05 PM - The European markets have opened in the positive. Good global cues makes the Indian market put on some more weight. Sensex is trading at 9375, up 51 points and Nifty is at 2854, up 26 points from the previous close. CNX Midcap index is up 0.73% and BSE Smallcap index is up 1.02%. The market breadth is positive with advances at 679 against declines of 442 on the NSE.
1:54 PM - Crnindia.com maintains a buy call on Idea Cellular with a target of Rs 51 and stop loss of Rs 41, reports CNBC Awaaz. The stock is currently trading at Rs 44, up 0.23% on the BSE.
1:46 PM - Sell MTNL on any rally as it has been an underperoformer and will continue to be a laggard, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 73, down 0.94% on the BSE.
1:36 PM - Karvy Stock Broking maintains a buy call on Torrent Pharma with a target of Rs 200, reports CNBC Awaaz. The stock is currently trading at Rs 140, up 1.19% on the BSE.
1:29 PM - Hold GVK Power, if it closes above Rs 20.25 it can go to Rs 22 where one can exit the stock, says MB Singh, technical analyst, on Zee Business. Maintain a stop loss of Rs 18, he adds. For the long term, one can accumulate the stock if it falls to Rs 13 in any correction, he says. The stock is currently trading at Rs 19, up 1.79% on the BSE.
1:18 PM - The Asian markets are trading mixed. The Indian market is trading quiet. Sensex is trading at 9313, down 10 points and Nifty is at 2837, up 9 points from the previous close. CNX Midcap index is up 0.31% and BSE Smallcap index is up 0.98%. The market breadth is positive with advances at 671 against declines of 449 on the NSE.
1:08 PM - PL Research maintains a buy call on Nagarjuna Construction with a target of Rs 90, reports Zee Business. The stock is currently trading at Rs 57, up 0.78% on the BSE.
12:57 PM - Hold UCO Bank with stop loss of Rs 25, says Hemen Kapadia, technical analyst, on NDTV Profit. Exit at Rs 33-34, he adds. The stock is currently trading at Rs 28.10 on the BSE.
12:50 PM - SMC Global maintains a buy call on Bhel with a target of Rs 1550 and stop loss of Rs 1315, reports CNBC Awaaz. The stock is currently trading at Rs 1398.30, up 0.05% on the BSE.
12:43 PM - Hold JP Associates, says Hemen Kapadia, technical analyst, on NDTV Profit. It has support at Rs 63 and resistance at Rs 85, he adds. The stock is currently trading at Rs 67.80. up 2.6% on the BSE.
12:36 PM - Aggressive traders should buy Jet Airways with a stop loss, says Anil Singhvi, market expert on CNBC Awaaz. Investors may buy in small quantities, he adds. The stock is currently trading at Rs 152.70, down 2.8% on the BSE.
12:29 PM - Buy Hindalco with a long-term view, says Hemen Kapadia, technical analyst, on NDTV Profit. It has support at Rs 47 and resistance at Rs 55, he adds. The stock is currently trading at Rs 50.95, up 1.9% on the BSE.
12:22 PM - Hold Havells which has good fundamentals, says Rajesh Tambe of Sunchan Securities, on Zee Business. However, new investers should not buy more than 100-150 shares, he adds. The stock is currently trading at Rs 123.95, up 0.9% on the BSE.
12:13 PM - At noon, the market is on an extremely even keel. Sensex is trading at 9329, up 6 points from its previous close, and Nifty is at 2841, up 13 points. CNX Midcap index is up 0.7% and BSE Smallcap index is up 1%. The market breadth is positive with advances at 686 against declines of 386 on the NSE.
12:08 PM - Hold Puravankara which has support at Rs 25, says Hemen Kapadia, technical analyst, on NDTV Profit. It has resistance at Rs 46, he adds. The stock is currently trading at Rs 38, up 4.7% on the BSE.
12:00 PM - Hold Bajaj Auto with target of Rs 550-560, says Vikram Bhatt of Ajmera Associates on NDTV Profit. The stock is currently trading at Rs 487, up 4.1% on the BSE.
11:53 AM - Hold JK Lakshmi Cement with stop loss of Rs 33, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. It has support at Rs 36 and resistance at Rs 45, he adds. The stock is currently trading at Rs 40.55, up 0.8% on the BSE.
11:46 AM - Hold Kingfisher Airlines with stop loss of Rs 30, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. Exit at Rs 45, he adds. The stock is currently trading at Rs 33.70, down 2.3% on the BSE.
11:39 AM - Hold Bajaj Hindustan, says Ashwani Gujral, technical analyst, on CNBC TV18. It has support at Rs 50-52 and resistance at Rs 65-67, he adds. The stock is currently trading at Rs 61.65, up up 3.5% on the BSE.
11:32 AM - Hold Tata Steel for 2-3 years, says Rajesh Tambe of Sunchan Securities, on Zee Business. New investors can buy at lower levels of Rs 150-160, he adds. The stock is currently trading at Rs 207.45, up 1.6% on the BSE.
11:25 AM - Satyam Computers might see some price movement on the upside, says Ajay Bagga of Lotus India Asset Management on CNBC TV18. Overall situation is still unclear and the US suit a worry for investors, he adds. Might bring client losses, he says. The stock is currently trading at Rs 25.65, up 4.9% on the BSE.
11:18 AM - Hold PTC which is a good trading stock, says Rajesh Tambe of Sunchan Securities, on Zee Business. New investors can buy at Rs 45-50, he adds. The stock is currently trading at Rs 66, down 2.7% on the BSE.
11:11 AM - An hour after opening, the market is quite flat with both Sensex and Nifty trading range bound. Metal proves the heavyweight, being 1.5% up. Sensex is trading at 9285, down 41 points and Nifty is at 2822, down 6 points, from their previous close. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.6%.
11:02 AM - Buy United Spirits at Rs 710-715 with target of Rs 770-780, says Pankaj Jain, market expert on Zee Business. Keep stop loss of Rs 690, he adds. The stock is currently trading at Rs 699, down 3.6% on the BSE.
10:55 AM - Buy Unitech with target of Rs 34-35 and stop loss of Rs 28, says Anil Singhvi, market expert on CNBC Awaaz. The stock is currently trading at Rs 26.95, down 10.5% on the BSE.
10:48 AM - Hold Neyveli Lignite with target of Rs 85-90, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. It has support at Rs 65-70 and trailing stop loss of Rs 65, he adds. The stock is currently trading at Rs 75.35, up 0.3% on the BSE.
10:41 AM - Buy Sesa Goa which has support at Rs 70 and resistance at Rs 100, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 79, up 1.4% on the BSE.
10:34 AM - Hold Hindustan Construction, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. It has support at Rs 30-35 and strong resistance at Rs 55-60, he adds. The stock is currently trading at Rs 41.85, down 2.8% on the BSE.
10:27 AM - The market will soon re-test October lows, says Ratnesh Kumar of Ananth Rathi Securities on CNBC Awaaz. After this there will be a good chance for correction, he adds.
10:21 AM - Hold Balrampur Chini which can go up to Rs 65-67, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 55.25, up 2.8% on the BSE.
10:14 AM - Buy NTPC with target of Rs 187-190, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has support at Rs 165, he adds. The stock is currently trading at Rs 179.50, down 0.2% on the NSE.
10:07 AM - The Indian market has opened flat and quiet with the SGX coming off the highs of the morning. Sensex is trading at 9344, up 20 points, and Nifty is at 2840, up 11 points from the previous close. CNX Midcap index is up 0.6% and BSE Smallcap index is up 0.5%. The market breadth is positive with advances at 356 against declines of 252 on the NSE.
10:00 AM - Buy Hindalco with target of Rs 54-55 and stop loss of Rs 48, says Anil Singhvi, market expert on CNBC Awaaz. The stock is at Rs 50, up 3.6% on the BSE.
9:54 AM - Hold HCL Technologies with stop loss of Rs 100, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. It has support at Rs 105-110 and can go up to Rs 140-145, he adds. The stock is currently trading at Rs 117.70, up 7.7% on the BSE.
9:46 AM - Buy Shree Renuka Sugars with a target of Rs 86 and stop loss of Rs 65, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 71.90, up 7.9% on the BSE.
9:39 AM - Nifty will see support at 2770 and resistance at 2875 when market starts trade today after the weekend, says Vijay Bhambwani, technical analyst, on CNBC TV18.
9:32 AM - Nifty will see resistance at 2870 today, says Rahul Mohindar, technical analyst, on CNBC TV18. Traders can maintain long position with stop loss of 2765, he adds.

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