4:01 PM - The Asian markets closed mixed while Europe was trading weak. Poor global cues saw the Indian market close flat (masking choppiness) with selling pressure from select midcap stocks. Sensex shut shop at 9071, down 38 points and Nifty at 2744, down 28 points from the previous close. CNX Midcap index was down 1.10% and BSE Smallcap index was down 1.51%. BSE IT index was up 5% post good Infosys results and guidance. The market breadth was negative with advances at 363 against declines of 819 on the NSE. Top Nifty gainers included Infosys, Wipro and Ranbaxy while losers included Siemens, Cairn and RCom.

3:57 PM - Go short on weak stocks as the market may see a possible rally tomorrow, says Prakash Gaba, technical analyst, on CNBC Awaaz. The rally will be an opportunity to take money where one can, he feels. Sell HUL, Grasim and Reliance Communications on any rally, he feels.

3:54 PM - There is a lot of smart money sitting on the sidelines in the market, says Nipun Mehta, market analyst, on NDTV Profit. Till there is more clarity on the global economic growth front, the market may not see any active commitment, he feels.

3:50 PM - The market may show a surprise rally tomorrow but it is unlikely to sustain, says Rajat Bose, technical analyst, on CNBC TV18. The rally may be a good chance to short the market, he adds.

3:45 PM - It was a choppy day and the market ended flat. Sensex closed at 9101, down 9 points (provisional) and Nifty at 2760, down 13 points (provisional) from the previous close. CNX Midcap index was down 0.96% and BSE Smallcap index was down 0.97%. The market breadth was negative with advances at 411 against declines of 770 on the NSE.

3:36 PM - Hold TCS, if it can hold Rs 510 then it will retain its bullish run, says Rajat Bose, technical analyst, on CNBC TV18. The stock is currently trading at Rs 523, up 2.2% on the BSE.

3:29 PM - Maintain Nifty shorts below 2740 for a target of 2630 and stop loss of 2775, says Rahul Mohindar, technical analyst, on CNBC TV18, as closing market strategy.

3:27 PM - Nifty has broken crucial support of 2749, now next support is 2691-2630, says Anil Manghnani, technical analyst, on CNBC TV18, as closing market strategy. Sell on rally and avoid long positions, he adds.

3:25 PM - Hold Infosys, if it can cross Rs 1243 then the next target is 1296-1310, says Rajat Bose, technical analyst, on CNBC TV18. Till the stock does not go below Rs 1176, its strength is intact, he adds. The stock is currently trading at Rs 1224, up 5.53% on the BSE.

3:20 PM - Crnindia.com maintains a buy call on Indian Bank with a target of Rs 130 and stop loss of Rs 114, reports CNBC Awaaz. The stock is currently trading at Rs 122, up 0.74% on the BSE.

3:14 PM - The Satyam story will certainly affect India Inc. and FII inflows will certainly be tainted, says Ajay Loganadan of HSBC Private Banking, on CNBC TV18. India is witnessing a slowdown and the market is unlikely to rally to any significant levels, he says. The near term bear market is intact and the market could even slide further, he adds.

3:07 PM - The government has moved swiftly on the Satyam saga and putting Deepak Parikh in the picture sends a positive signal to the market, says Ajay Bagga, market analyst, on CNBC TV18. Though the IIP numbers were good the market is discounting all the good news, he feels. Go light on the IT space, he adds.

3:01 PM - The market is under pressure and looking bad. Sensex is trading at 9064, down 45 points and Nifty is at 2743, down 29 points from the previous close. CNX Midcap index is down 1.31% and BSE Smallcap index is up 1.32%. BSE IT index is up 4%. The market breadth is negative with advances at 357 against declines of 807 on the NSE.

2:54 PM - The market is likely to continue to trade weak in 2009 with Sensex range of 10500-11500 on the upside, says Ramesh Damani, member of BSE, on CNBC Awaaz. Sensex is likely to find it very difficult to cross the 11500 mark, he adds.

2:47 PM - Crnindia maintains a buy call on LIC Housing with a target of Rs 238 and stop loss of Rs 212, reports CNBC Awaaz. The stock is currently trading at Rs 225, up 1.49% on the BSE.

2:35 PM - We are surprised by the rumours in the market and post Satyam such baseless rumours go to show how fragile the market has become, says KK Singh, CMD of Roltas, on CNBC TV18 on the selloff in the stock. The company has not sold any UK-based subsidiary, he adds. The stock was dogged by rumours of chairman/director/auditor resigning. Rolta has seen heavy selling and is currently trading at Rs 77, down 28% on the BSE.

2:25 PM - Sell HDIL on any rally as it has resistance at Rs 114-120, says Simi Bhaumik, technical analyst, on Zee Business. Maintain a stop loss of Rs 98, she adds. The stock is currently trading at Rs 101, up 0.50% on the BSE.

2:13 PM - Hem Securities maintains a sell call on ONGC with a target of Rs 610 and stop loss of Rs 670, reports CNBC Awaaz. The stock is currently trading at Rs 643, down 1.4% on the BSE.

2:05 PM - The market is trading choppy and seeing selling pressure. Sensex is trading at 9132, up 22 points and Nifty is at 2769, down 4 points from the previous close. CNX Midcap index is down 1% and BSE Smallcap index is up 0.98%. The market breadth is negative with advances at 415 against declines of 736 on the NSE.

1:56 PM - Sell Indiabulls Finance on any rally if it trades below Rs 130 as it is looking weak and could go down to Rs 85, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 118, down 4.98% on the BSE.

1:49 PM - The government has appointed a 6-member committee that will probe irregularities in Satyam under the Serious Fraud Investigation Office, says PC Gupta, minister of company affairs, on NDTV Profit. The SFIO probe will also cover all auditors and the committee has to submit its report within three months, says the minister.

1:39 PM - Hold Suzlon as it has a short-term target of Rs 68-70, says Simi Bhaumik, technical analyst, on Zee Business. Maintain a stop loss of Rs 46, she adds. The stock is currently trading at Rs 50, up 0.2% on the BSE.

1:30 PM - There is a long way to go before one gets even any basic clarity on Satyam so investors should just stay away from the stock, says Nilesh Shah of Envision Capital, on CNBC TV18. If investors want exposure in the technology space, then the top three stocks are best, he adds. Satyam was last trading at Rs 32.

1:22 PM - Hold UCO Bank as it is showing signs of recovery, says Simi Bhaumik, technical analyst, on Zee Business. But maintain a stop loss of Rs 26 as if that is broken it could go to levels of Rs 22, she adds. The stock is currently trading at Rs 28, down 0.18% on the BSE.

1:14 PM - The Asian markets are trading mixed. The Indian market is slightly choppy with gains led by technology stocks post Infosys positive results and guidance. Sensex is trading at 9153, up 43 points and Nifty is at 2778, up 4 points from the previous close. CNX Midcap index is up 0.06% and BSE Smallcap index is up 0.18%. The market breadth is positive with advances at 573 against declines of 553 on the NSE.

1:06 PM - Hold on to JP Associates with a stop loss of Rs 65-66, says Pradeep Surekha, technical analyst, on Zee Business. It might see a new momentum after it crosses Rs 73-74, he adds. The stock is currently trading at Rs 70, up 1.30% on the BSE.

12:54 PM - Buy GVK Power when it crosses the Rs 25 mark, says Neera Jain, technical analyst, on NDTV Profit. It has some support at Rs 17-18, she adds. The stock is currently trading at Rs 18.85, up 2.7% on the BSE.

12:47 PM - Hold on to RNRL which has support at Rs 40-42, says Neera Jain, technical analyst, on NDTV Profit. It will see some resistance at Rs 60-64 at which level one can exit, she adds. The stock is currently trading at Rs 52, down 0.4% on the BSE.

12:40 PM - Buy BEML at dips with a long-term view, says Gaurang Shah of Geojit Financials, on Zee Business. The stock is currently trading at Rs 340.30, up 0.7% on the BSE.

12:33 PM - Hold on to Reliance Infrastructure with a long-term view, says Phani Sekhar of Angel Broking on NDTV Profit. It will give good returns, he adds. The stock is currently trading at Rs 492.20, up 2.5% on the BSE.

12:26 PM - Hold on to Satyam Computers with a stop loss of Rs 15-20, says Neera Jain, technical analyst, on NDTV Profit. It will see some resistance at Rs 50-60 at which level one can exit, she adds. The stock is currently trading at Rs 32.50, down 5.5% on the BSE.

12:19 PM - Buy SBI if it crosses resistance levels of Rs 1300-1350, says Neera Jain, technical analyst, on NDTV Profit. Maintain a stop loss of Rs 1050, she adds. The stock is currently trading at Rs 1162, up 0.5% on the BSE.

12:11 PM - The market at noon is choppy but still in the green and market breadth is positive. Realty, FMCG and IT stocks are leading with power and metals down. Sensex is trading at 9170, up 60 points, and Nifty trading at 2776, up 3.8 points, from the previous close. CNX Midcap is up 0.16% and BSE Smallcap is up 0.2%.

12:04 PM - Hold on to SAIL with a stop loss of Rs 60-65, says Neera Jain, technical analyst, on NDTV Profit. It will see some resistance at Rs 80-85 at which levels one can exit, she adds. The stock is currently trading at Rs 74.50, up 2.3% on the BSE.

11:57 AM - Make staggered investments in Rolta India for long-term view of 3-4 years, says Gaurang Shah of Geojit Financials, on Zee Business. The stock is currently trading at Rs 99.65, down 5.9% on the BSE.

11:49 AM - Make fresh investments into Infosys once it crosses the Rs 1250 levels, says Neera Jain, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1212.25, up 4.8% on the BSE.

11:42 AM - Hold on to Abbott India, says Pradeep Surekha, technical analyst, on Zee Business. It will see some resistance at Rs 430. The stock is currently trading at Rs 417.40, up 0.1% on the BSE.

11:35 AM - Hold on to SBI which has support at Rs 1100, says Gaurang Shah of Geojit Financials, on Zee Business. The stock is currently trading at Rs 1161, up 0.4% on the BSE.

11:28 AM - Reversal of market trend unlikely in the first half of 2009, says Sangeeta Purshottam of Religare Securities, on NDTV Profit. End of the year will see some revival, she adds.

11:21 AM - Hold on to L&T with a long-term view, says Gaurang Shah of Geojit Financials, on Zee Business. It will give good returns, he adds. New investers may buy at lower levels, he says. The stock is currently trading at Rs 708.75, up 2% on the BSE.

11:12 AM - Buy Noida Toll Bridge with a stop loss of Rs 22.30, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. The stock is currently trading at Rs 23.85, up 4.6% on the BSE.

11:05 AM - An hour into opening, the market has shown some bounce. Sensex is trading at 9235, up 125 points, and Nifty trading at 2798, up 25 points, from the previous close. CNX Midcap is up 0.9% and BSE Smallcap is up 0.8%. The market breadth is positive with advances at 593 against declines of 373 on the NSE.

10:57 AM - Hold on to SAIL with a stop loss at Rs 68, says Pradeep Surekha, technical analyst, on Zee Business. Exit on bounce, he adds. The stock is currently trading at Rs 75.45, up 3.6% on the BSE.

10:49 AM - Hold on to Punj Lloyd with a stop loss of Rs 105, says Pradeep Surekha, technical analyst, on Zee Business. It might see some resistance at Rs 119, he adds. Otherwise exit at Rs 113 or Rs 119, he says. The stock is currently trading at Rs 117, up 1.8% on the BSE.

10:42 AM - Fresh investers can buy RPL at Rs 68-70, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 78.85, up 0.7% on the BSE.

10:35 AM - Hold PBA Infra for the time being and sell at Rs 33-36, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. The stock is currently trading at Rs 28.35, down 6.6% on the BSE.

10:28 AM - Exit from Unitech with a stop loss of Rs 29.80, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 34.50, up 1.3% on the BSE.

10:21 AM - Buy IDBI with a stop loss of Rs 60, says Anil Singhvi, market analyst on CNBC Awaaz. It will give a return of 8-10% in a day or two, he adds. The stock is currently trading at Rs 63.80, up 3.8% on the BSE.

10:14 AM - Nifty will see a last support of 2500 and if it breaks that and goes down then it will test a low of 2200-2000, says TS Harihar of ICICI Securities on NDTV Profit.

10:07 AM - Market has opened very quiet and flat today with Wipro taking the biggest pounding, sliding down very fast to the 200 mark. Sensex is trading at 9128, up 18 points, and Nifty trading at 2773, up 3 points, from the previous close. CNX Midcap is up 0.05% and BSE Smallcap is up 0.23%.

9:59 AM - Buy Bartronics with a stop loss of Rs 83, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. Do part-profit booking at Rs 88 or Rs 93, he adds. The stock is at Rs 84.65, up 1.9% on the BSE.

9:51 AM - Buy Matrix Labs at lower levels, says Pradeep Surekha, technical analyst, on Zee Business. It will give returns of 40-50% in the long run, he adds. The stock is at Rs 70.30, up 0.8% on the BSE.

9:44 AM - Market will see a weak start today but will recover soon after, says Anil Singhvi, market expert on CNBC Awaaz. Infosys profit figures will affect the market to some extent only, he adds. Instead, good global cues will have positive effect, he says.

9:38 AM - Infosys Q3 figures have been declared with a net profit of Rs 1,641 crore versus the earlier figure of 1,432 crore, reports CNBC TV18. Net sales figures have been declared at Rs 5,786 crores versus the earlier figure of Rs 5,418 crore.

9:31 AM - Nifty will see support of 2710 and resistance of 2830 when market starts trade today, says Ashwani Gujral, technical analyst, on CNBC TV18.