4:00 PM - Strong global cues and a positive economic stimulus package saw the market rally smartly today. Sensex shut shop at 10275, up 317 points and Nifty at 3121, up 74 points from the previous close. CNX Midcap index was up 1.36% and BSE Smallcap index was up 1.21%. The market breadth was positive with advances at 808 against declines of 407 on the NSE. Top Nifty gainers included Tata Power and Sterlite, while losers included Satyam and Bharti.
3:59 PM - Hold Reliance Industries as it has resistance at Rs 1362 and if that is sustained, it can go to Rs 1401-1420, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1359, up 5.8% on the BSE.
3:56 PM - Buy Alok Industries with a target of Rs 56 in 24 months, says Ashish Maheshwari of Globe Capital, on CNBC Awaaz. The stock is currently trading at Rs 19, down 4.5% on the BSE.
3:54 PM - The market trend is up, but it is not the time to take fresh longs, says Rajat Bose, technical analyst, on CNBC Awaaz. Many stocks have seen a breakout today, so today's close or slightly lower can now be used on them as stop losses, he adds. Banking stocks has some more steam left, he feels.
3:50 PM - One can book profits around Nifty levels of 3200, says V K Sharma of Anagram Stock Broking, on CNBC Awaaz. The lows of today can be used as stop losses to go further, he adds.
3:47 PM - Hold Dena Bank which has resistance at Rs 50 where one can book profits, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. Maintain a stop loss of Rs 34, he adds. The stock is currently trading at Rs 43, up 17% on the BSE.
3:42 PM - It was a very good day on the market that ended at the day's high. Sensex closed at 10292, up 334 points (provisional) and Nifty at 3128, up 81 points (provisional) from the previous close. CNX Midcap index was up 1.15% and BSE Smallcap index was up 1.13%. The market breadth was positive with advances at 808 against declines of 407 on the NSE.
3:33 PM - Nifty heading for resistance zone of 3150, says E Mathew, technical analyst, on CNBC-TV18, as closing market strategy. Partial profit booking on Nifty longs advised for traders, he says. Nifty support is now 2980-2910, he adds.
3:32 PM - If Nifty sustains 3113, the next target is 3250, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy. One can hold on to long positions, he adds.
3:28 PM - Hold Nifty long positions with stop loss of 3040 and target of 3230, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.
3:24 PM - Buy IOC with a target of Rs 460 and stop loss of Rs 398, says Anuj Dixit, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 421, down 1.73% on the BSE.
3:20 PM - Karvy Stock Broking maintains a buy call on Nitin Fire with a target of Rs 360, reports Zee Business. The stock is currently trading at Rs 216, up 0.81% on the BSE.
3:17 PM - If Nifty gives a close above 3120 then there is more upside to it, says Rajat Bose, technical analyst, on CNBC Awaaz. In a rally, Nifty has steam to go up to 3140, he adds.
3:13 PM - The government could have given the fiscal stimulus package earlier, says Kalpana Morparia of JP Morgan, on NDTV Profit. The economy is expected to pick up post the package and southward interest rate scenario, she says. India and China to maintain overall GDP growth rate, she feels. We hope India clocks 7% GDP, she adds.
3:07 PM - The market is still holding firm. Sensex is trading at 10173, up 215 points and Nifty is at 3088, up 42 points from the previous close. CNX Midcap index is up 1.05% and BSE Smallcap index is up 1.08%.
2:56 PM - Sell Reliance Capital with a target of Rs 460 and stop loss of Rs 610, says Anuj Dixit, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 596, up 4.97% on the BSE.
2:45 PM - SMC Global maintains a buy call on PTC with a target of Rs 99 and stop loss of Rs 61, reports CNBC Awaaz. The stock is currently trading at Rs 72, down 1.09% on the BSE.
2:36 PM - Sell Infosys with a target of Rs 1050 and stop loss of Rs 1225, says Anuj Dixit, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1156, up 2.24% on the BSE.
2:28 PM - 2009 will be a year of consolidation, says Raamdeo Agarwal, MD, Motilal Oswal Securities, on NDTV Profit. Sensex range for 2009 is likely to be 7000-12500, he feels. Sensex target this year is likely to be around 12500, he adds.
2:20 PM - The new ECB norms are likely to ease liquidity for the infrastructure sector, says GV Krishnakumar, chairman of GVK Power, on NDTV Profit. IIFCL refinancing is a big positive for the infrastructure sector, he says. Raising funds under ECB not easy, he adds.
2:13 PM - The government's second stimulus package is in the right direction but the government could have done more in the fiscal package, says S Narayan, former secretary, PMO, on NDTV Profit. The government has been willing to alter focus to support non-core sectors, he says. But liquidity push alone does not ensure credit flows, he adds.
2:06 PM - The Asian markets are posting a good rally and European markets have opened in the positive. Firm global cues making our market also look good. Sensex is trading at 10132, up 173 points and Nifty is at 3079, up 33 points from the previous close. CNX Midcap index is up 1.35% and BSE Smallcap index is up 1.47%. There is good buying in oil and gas, banking and metals stocks. The market breadth is positive with advances at 849 against declines of 347 on the NSE.
1:57 PM - Sell Suzlon with a target of Rs 51 and stop loss of Rs 71.50, says Anuj Dixit, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 65, up 1.94% on the BSE.
1:49 PM - HEM securities maintains a buy call on ITC with a target of Rs 189 and stop loss of Rs 170, reports CNBC Awaaz. The stock is currently trading at Rs 173, down 0.43% on the BSE.
1:39 PM - Sell ITC and book your profits, the stock has resistance at Rs 180-185 after which it can go to Rs 200, says MB Singh, technical analyst, on Zee Business. If the market rallies the stock will continue to be an underperformer, so one should exit the stock at an opportunity as other stocks could give better returns, he adds. The stock is currently trading at Rs 173, down 0.43% on the BSE.
1:30 PM - SMC Global maintains a buy call on Power Grid with a target of Rs 98 and stop loss of Rs 78.50, reports CNBC Awaaz. The stock is currently trading at Rs 83, down 0.59% on the BSE.
1:22 PM - Hold Ashok Leyland as it has resistance at Rs 17 after which one can buy more stock as it can then reach Rs 25-28 where one can book profits, says MB Singh, technical analyst, on Zee Business. If the market corrects the stock could go down to Rs 13-14 where one can buy more, he adds. The stock is currently trading at Rs 16, up 0.93% on the BSE.
1:14 PM - The Asian markets are trading strong. The Indian market is also trading firm. Sensex is trading at 10106, up 148 points and Nifty is at 3072, up 26 points from the previous close. CNX Midcap index is up 1.03% and BSE Smallcap index is up 1.24%. There is buying in banking, metals and oil and gas stocks.
1:06 PM - ICICIdirect.com recommends a buy call on Bank of Rajasthan above Rs 42.65 with a stop loss of Rs 40.50 and target of Rs 43-49, reports CNBC TV18. The stock is currently trading at Rs 45.55, up 6.92% on the BSE.
12:57 PM - crnindia.com maintains a buy call on Jindal Saw with a target of Rs 250 and stop loss of Rs 234, reports CNBC Awaaz. The stock is currently trading at Rs 248.25, up 4.35% on the BSE.
12:50 PM - Buy crude oil at $45.5 per barrel, says stock market expert on CNBC Awaaz. Maintain a stop loss of $44.5 and target of $48.3-$49.5, he adds. It is currently trading at $47.50.
12:40 PM - Market in 2009 will see a rise of 20 to 25%, says Anand Rathi, market expert, on NDTV Profit. The first two quarters will be a little difficult for investors, he adds.
12:33 PM - SMC Global maintains a buy call on NTPC with a target of Rs 200 and stop loss of Rs 171.6, reports CNBC Awaaz. The stock is currently trading at Rs 182.20, down 0.9% on the BSE.
12:27 PM - Hold on to Gitanjali Gems, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It will show support at Rs 57 and face resistance at Rs 105, he adds. One can exit at Rs 100-105, he suggests. The stock is currently trading at Rs 75.75, up 1.2% on the BSE.
12:20 PM - Book profit for ICICI Bank at current price for short-term investment, says Gaurang Shah of Geojit Financials, on CNBC Awaaz. Hold on to stocks for long-term investment, he adds. The stock is currently trading at Rs 491.45, up 4.3% on the BSE.
12:13 PM - The market is holding on quite well around noon with midcaps and smallcaps rallying quite well. The Sensex is trading at 10140, up 185 points, and Nifty trading at 3084, up 38 points from the previous close. The market breadth is positive with advances of 886 as versus a decline of 268.
12:05 PM - One can sell Godrej Industries at Rs 73-76, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. It might see some resistance at Rs 94-95 after which it might breakout and reach Rs 130-150, he adds. The stock is currently trading at Rs 81.10, down 3.2% on the BSE.
11:58 AM - Buy Aptech with a target of Rs 60-70 and maintain a stop loss of Rs 96, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. It might face some resistance at Rs 125-130, he adds. The stock is currently trading at Rs 100.50, up 1.2% on the BSE.
11:51 AM - Bank of Baroda, Bank of India and Punjab National Bank suggest that they might be entering bull markets of their own, irrespective of what the broad market does, says Sudarshan Sikhani, technical analyst, on CNBC-TV18. So, for an investor it is worthwhile investing in them, while traders should wait for a breakout and should immediately ride these moves, he suggests.
11:43 AM - Metal stocks have a downside though they are a fantastic play on beta, says Nilesh Shah of Envision Capital, on CNBC-TV18. So if you are betting for the short-term, metals would probably provide you some upside, he says.
11:35 AM - HDFC Securities maintains 'sell' rating on Tata Motors, with a target price of Rs 140, reports CNBC-TV18. The stock is currently trading at Rs 180.20, up 2.8% on the BSE.
11:28 AM - Hold on to DLF with a target of Rs 325-350 on short-term basis, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 307.45, up 2.28% on the BSE.
11:21 AM - Real estate is not a sector where you trade or invest in now, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. So completely stay away from Unitech, inspite of the gains it is seeing, he suggests. The stock is currently trading at Rs 48.95, up 5.5% on the BSE.
11:14 AM - The market is doing relatively well with good momentum showing in the private sector banking, infrastructure, real estate and auto. Sensex is trading at 10124, up 164 points from the previous close, and Nifty is trading at 3088, up 4.1 points from the previous close. The CNX Midcap 100 is up by 1.5%, BSE Midcap is up 1.8% and BSE Smallcap is up by 1.75%.
11:02 AM - Hold on to Everonn Systems, says Rajesh Tambe of Sunchan Securities, on Zee Business. The fundamentals of the company are very good, he adds. The stock is currently trading at Rs 248.90, up 4.1% on the BSE.
10:58 AM - Buy IDFC on dips, as the company belongs to the infrastructure sector, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. He is upbeat about the sector. If this market goes up, then infrastructure should lead the rally, he adds. The stock is currently trading at Rs 72.90, up 1.9% on the BSE.
10:51 AM - The resistance level at 3150 on the Nifty needs to be challenged, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. He advises short term traders to buy on dips. Also, short-selling is not a good idea just now, he says.
10:43 AM - Ashwanigujral.com maintains a 'buy' call on Vijaya Bank with a target of Rs 45 and stop loss of Rs 32, reports CNBC Awaaz. The stock is currently trading at Rs 37.40, up 5.35% on the BSE.
10:37 AM - Bata is expected to give a return of 30 to 40% in 2009, says Jigar Shah, of KIM ENG Securities, on CNBC Awaaz. The stock is currently trading at Rs 108, up 5.21% on the BSE.
10:20 AM - Glenmark Pharmaceuticals is expected to give a return of 70 to 80% in the year 2009, says Jigar Shah, senior VP and head of research at KIM ENG Securities, on CNBC Awaaz. The stock is currently trading at Rs 296, up 1.63% on the BSE.
10:14 AM - Hem Securities maintains a buy call on LIC with a target of Rs 262 and stop loss of Rs 233, reports CNBC Awaaz. The stock is currently trading at Rs 246, up 0.5% on the BSE.
10:13 AM - Hold on to SREI Infrastructure Finance Ltd, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. It has a support of Rs 40-42 and will face resistance at Rs 55-60 at which one can do profit booking, he adds. The stock is currently trading at Rs 51, up 10.63% on the BSE.
10:07 AM - The market has opened on a positive note with the US and Asian markets having closed on a rally. The Sensex is trading at 10124, up 164 points from the previous close, and the Nifty is trading at 3088, up 41 from the previous close. The CNX Midcap 100 was at 3944, up 1.3%
10:00 AM - Midcap stocks will show a comeback rally and so one could invest 15-20% of their money in this, says Vijay Vijay Bhambwani, technical analyst, on CNBC Awaaz.
9:53 AM - Buy SBI with a target of Rs 1390 and stop loss of Rs 1300, says Rahul Mohindar, technical analyst, on CNBC-TV18. The stock is at Rs 1330, up 1.08% on the BSE.
9:44 AM - Hold on to Tanla Solutions, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. It has a support of Rs 75-80 and might face resistance at Rs 100, he adds. One might do profit booking at Rs 97. The stock is at Rs 85.70, up 16.60% on the BSE.
9:37 AM - Nifty will see resistance at 3,180 and support at 2,970, says Rahul Mohindar, technical analyst, on CNBC-TV18.

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