Stock Trading Tips and Analysis

Reality Sector Up

2009-02-11T04:46:00.000-08:00

Reality sector is up in last 3 trading sessions..There is a news that 3rd bailout package coming soon which will benefit Infrastructure & IT sector..DII's are buying reality stocks which includes DLF,unitech also..In between Governement is planning to cancel STT tax upon share transaction (delivery) which is beneficial for investor as STT tax charges lot money per transaction..Governement also planning to reduce income tax for corporate sector to 30% & for personal to 25%..

Satyam up Today

2009-02-11T03:36:00.000-08:00

After continuous 8 days downtrend from 61 to 41 finally Satyam showed green today, its like Oasis in Desert for investors who holding Satyam share.
Satyam traded with high volume today & there is too much volatility at this counter, At beginning it declined by 2-3% to show 41.15 as days low and suddenly in few minutes it rise to 48.35 days high, at end of day it stabilized at 47.15.Today it traded with 53205035 volumes and ranked 8th among active stocks at NIFTY.
Karnik said the company’s long-term plan would be in place in seven to 10 days. He added that the beleaguered tech firm was yet to pay February salaries to its employees but was in a position to do so.
There is news that bidding for strategic partner for Satyam will start soon.Bidding will take place in 2 phase.The debate over whether Satyam will induct a strategic partner through a bidding process seems to be over. The board is clear it will be through a bidding process. Moreover, the board which meets in Mumbai on Thursday is also expected to discuss appointing an independent committee to oversee the bidding process.independent committee headed by a retired Supreme Court judge would oversee this bidding.
Satyam will lay down stiff eligibility norms for the bidders; wherein the potential acquirer must have a sound IT track record and they would have to subscribe to fresh shares as well.
Sebi is close to finalising the norms for acquirers in special circumstances like Satyam. Sources that special circumstances would be triggered in the event of government or CLB or regulators superseding a board. The request for waiver of ordinary takeover norms would come from the company's board and not the acquirer.
Hope it will cross 50 mark soon.

Satyam Update

2009-02-09T03:55:00.000-08:00

1) Kiran Karnik new chairman of Satyam claimed that Satyam not cutting down manpower & news of cutting down 13000 employees are rumors

2) Satyam getting new clients as well losing some clients. Kiran Karnik said its common and happenes with every IT company.

3) Govt. not willing to sell Satyam at the earliest because real value of Satyam may be higher.

4) Sebi wants 2 more days to probe Raju because they suspects Raju has bought 6500 Cr land through Rajayya a congress man

5) Clever L & T want to get Satyam at very very cheap price.

6) Satyam is trading in a range of 45-49 nowadays.

Satyam appointed new CEO

2009-02-05T11:46:00.000-08:00

Today Satyam board made announcement of new CEO. AS Murty will be new CEO of Satyam. Murty was global business head of Satyam. Board also announces Homi Khusrokhan and Partho Datta as special advisors. Satyam got a loan of 600 Cr as working capital from banks.

In between it is believed that Satyam has paid employees salary for january month from a cash balance available at company, this makes clear that company had cash balance. I suspect from day 1 since Raju'c confession that Satyam already had a cash balance & Raju diverted it to his infrastructure company Maytas over last 3-4 years. Company was never running in loss, it is profit making company. If company were making losses how Raju able to pay salary of 53000 employees over so many years? According to some sources Satyam requires 200 Cr per month to pay salary of employees. This couldnot be possible for loss making company to bear that much manpower. So it is clear that Raju siphned money.

I don't know when investigation result will be out, why it is taking too long time to unreveal true story. And now SEBI is investigating Raju behind bars. It already have investigated Raju last 2 days, still they have 2 more days left to investigate him. Meanwhile market has taken it negatively and Satyam share cracked down from 61 to 46 in last 3 trading sessions. Poor investors again got stuck, some of them have bought shares above 100/-, they are suffering all this loss unnecessarily. I think SEBI might announce open offer auction in this counter as early as possible so that investors wont suffer anymore loss further.

Reality Sector Down By 6%

2009-02-03T04:32:00.000-08:00

Today reality sector hit badly as there are news that DLF has inflated balancesheet. DLF lost 13% today , its all time low now around 132.50 but it is not recommended to invest in DLF untill picture will clear. DLF & Unitech both posted big loss in this quarter, DLF's profit 65% down while Unitech's profit 95% downm both companies are facing lot trouble nowadays.

Other reality stocks which hit badly today includes HDIL, IBR. HDIL's last trade price is 79/-, its attractive level to invest, one can start buying from here. While IBR is 93 by end of day and its all time low is 83. IBR was my favorite share in past due to high volatility, it can gain 25% a day.

Satyam Signs 15 New Contracts

2009-02-03T04:14:00.000-08:00

Satyam got 15 new contracts in January monthm most of then are insurance and phrmacutical companies. Two of them are from JP Morgan chase and 95% of old top clients are still with Satyam. I think if Satyam continue getting such contracts per month its value can be 150+ within next 5-6 months. Meanwhile SEBI has got permission from AP Highcourt to question Raju, Market discounted this news which in result led to 6.27% fall in Satym's price and it closed at 53.75 by end of day.

There is lot of confusion regarding open offer price of Satyam as SEBI said yesterday in Press Conference that price before 7th January is not valid and even price after 7th Jan is not valid as well. So according to many experts Satyam's open offer price will be closely related to its current market price. It may slight above/below current market price.

There are many companies in race for acquiring Satyam which includes L & T, iGate global, Hinduja Global, Spice Tele, Tech mahindra. So once open offer price declared bidding will happen which can trigger share price by 25% to 50% from open offer price. We can hope for best.

IOB (Indian Overseas Bank) all time low

2009-02-01T02:28:00.000-08:00

At friday IOB (Indian Overseas Bank) hits all time low 60/- in intraday and closed at 60.95 by end of day..It is good opportunity to invest into IOB as share is extremely cheap according to me and one can easily get approximately 80-100% return in this counter.
Its price per earning ratio P/E is 2.67
52 Week High 190
52 Week Low 59.50

Net profit 388.4 Cr Quarterly

Its P/E is really very low as compared to other Banking Sector stocks where P/E is more than 4.

Gold Hit Record 14400 on MCX

2009-01-30T23:23:00.000-08:00

On friday Gold hit record price of 14400 on MCX. It seems like investors are bullish on gold as it is comparatively safer than stock market investment. I think market can go down from here as peoples are withdrawing money from share market and investing into gold. The same thing was happened in Nov 2008 when market marked its low 7500 level on the eve of Diwali & Gold was moving up.

Hinduja has joined race for Satyam

2009-01-30T23:06:00.000-08:00

Now Hinduja has joined race for Satyam.The group has sent a formal communication to the investment bankers of Satyam expressing its interest in Hyderabad-based software exporter... Hinduja Global Solutions, the new industry arm of the Hinduja Group, has $130 million of cash in books to mount the takeover bid. “If a proper and transparent bidding process is followed, we are definitely interested in Satyam.

I think this news can boost Satyam share at beginning on Monday trade..But I am waiting for SEBI's meeting on 2nd FEB, in which they likely to take decision about Open Offer price.

Meanwhile some newspapers like Loksatta continuously publishing negative news about Satyam from first day. I suspects about theirs attitude. In Loksatta past few days a news was published that "Satyam is involved in efraud" and Today they published that people says SEBI should delist Satyam or stop trading on Satyam as many companies are joining race for Satyam to increase their share value only. Really funny newspaper though it is major one among Marathi peoples. It seems like they are publishing such news on behalf of infosys, they are advocating infosys. If you get a chance then complain against this negative campaign.

Satyam Update: Target 65 by end of next week

2009-01-29T11:58:00.000-08:00

Satyam down today due to F & O expiry but investors done need to be panic..Investors can hold their positions because something happening at this counter.

1) Recent news is that B K Modi-led Spice group keen to buy Satyam. The spice group has given a letter of expression of interest for the company. Prior to this, L&T has also given a letter expressing their interest in taking over the company.

The Spice group recently sold their telecom business and is looking for some new business to enter. The official said that the group is in the businesses of entertainment, BPO, IT, retail and mobile handset. The source, however, declined to comment on present holding of Spice group in Satyam.

2) SEBI is going to take decision about Open Offer rate by 2nd FEB..

3) Satyam's government-appointed board and senior employees were reaching out to customers to stop them from joining State Farm Automobile Insurance in cancelling contracts, Tarun Das told a news channel on Thursday.And in addition they were pushing clients to expand their business with Satyam while chasing new contracts.

Market Down due to F & O expiry

2009-01-29T11:53:00.000-08:00

a4:00 PM - In line with weak global cues and F&O expiry today, the market saw some volatility but did not collapse at close. Nifty high was 3150 and low was 2661 in the January F&O expiry series. Sensex shut shop today at 9236, down 21 points and Nifty at 2823, down 25 points from the previous close. CNX Midcap index was down 0.58% and BSE Smallcap index was down 0.05%. The market breadth was negative with advances at 503 against declines of 688 on the NSE. Top Nifty gainers included Maruti, Hindalco and Tata Motors while losers included DLF, Cairn and HCL Technologies.

3:55 PM - Buy Punj Lloyd with a target of Rs 110-115 and stop loss of Rs 86, says Gaurang Shah of Geojit Financials, on Zee Business. The stock is currently trading at Rs 93, down 2.95% on the BSE.

3:50 PM - Buy Bharti Airtel with a target of Rs 680-700, says Srikant Chouhan of Kotak Securities on CNBC Awaaz. The stock has support at Rs 580 and is currently trading at Rs 627, down 3.9% on the BSE.

3:45 PM - If the Dow collapses, all the world markets would be affected as they seem to react faster to bad news, says Anil Maghnani, technical analyst, on NDTV Profit. For the Indian market this month, Nifty is unlikely to be able to rally beyond 2900-2950, he feels. The important level to watch is 2630 on Nifty, if that is broken then the move to 2250 would be swift, he adds.

3:40 PM - In this market pullback rally, Nifty could go to 2950-3000, says Rajat Bose, technical analyst, on CNBC TV18. Do not carry forward short and if Nifty trades above 2839 tomorrow then go long, he adds.

3:38 PM - It was a ranged and mildly choppy close for the market as the January F&O series closed today. Sensex closed at 9198, down 59 points (provisional) and Nifty at 2807, down 41 points (provisional) from the previous close. CNX Midcap index was down 0.84% and BSE Smallcap index was down 0.06%. The market breadth was negative with advances at 503 against declines of 691 on the NSE.

3:27 PM - Buy ITC with a target of Rs 180 and stop loss of Rs 168, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 173, down 2.4% on the BSE.

3:20 PM - Buy Petronet LNG if it closes above Rs 37 it has a target of Rs 42-43, says Jatindar Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 36, up 2.8% on the BSE.

3:15 PM - Buy IRB Infra with a target of Rs 130 and stop loss of Rs 100, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 109, down 1.04% on the BSE.

3:11 PM - The results were not as bad as expected and all the negatives have been factored in by the market, says Gaurang Shah of Geojit Financials, on Zee Business. Chances are that the market will bounce up in February, he feels. Sell on rallies for IT stocks and buy select FMCG stocks, he adds.

3:06 PM - The year 2009 would be one of two halves, in the first half the market is likely to retest the October lows between January-April, says Manish Raychudhari of BNP Paribas, on NDTV Profit. The market will fare better in the second half as rupee could appreciate and FIIs inflows could restart by June, he adds.

3:01 PM - The market has turned slightly choppy. Sensex is trading at 9210, down 46 points and Nifty is at 2809, down 40 points from the previous close. CNX Midcap index is down 0.80% and BSE Smallcap index is down 0.28%. The market breadth is negative with advances at 491 against declines of 693 on the NSE.

2:56 PM - If Nifty breaks 2700 then it could see a bigger fall but if it is able to go to 2900 then a breakout is possible, says DD Sharma of Anand Rathi Securities, on Zee Business. But there is an upward bias and chances are the market may show a decisive breakout in February, he adds.

2:50 PM - Buy Satyam as almost all its customers plan to stay with the company and government is likely to announce new CEO and CFO soon, says Gaurang Shah of Geojit Financials, on Zee Business. Thus there is a limited downside to the company and stock may not go below Rs 38-42, he feels. The stock is currently trading at Rs 49, down 10% on the BSE.

2:41 PM - Buy Cipla with a target of Rs 200 and stop loss of Rs 175, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 194, up 1.38% on the BSE.

2:31 PM - SMC Global Securities maintains a buy call on Dish TV with a target of Rs 23 and stop loss of Rs 18, reports CNBC Awaaz. The stock is currently trading at Rs 19, up 0.76% on the BSE.

2:21 PM - Buy Era Infra with a target of Rs 85 and stop loss of Rs 70, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 75, down 4.43% on the BSE.

2:13 PM - HEM Securities maintains a buy call on Reliance Capital with a target of Rs 439 and stop loss of Rs 401, reports CNBC Awaaz. The stock is currently trading at Rs 402, down 2.59% on the BSE.

2:04 PM - The market is still trading weak. Sensex is trading at 9214, down 43 points and Nifty is at 2810, down 39 points from the previous close. CNX Midcap index is down 0.73% and BSE Smallcap index is down 0.11%. The market breadth is negative with advances at 526 against declines of 624 on the NSE.

1:56 PM - Buy Bajaj Hindustan with a target of Rs 85 in 12-18 months, says an expert of Karvy Stock Broking, on CNBC Awaaz. The stock is currently trading at Rs 58, up 1.49% on the BSE.

1:49 PM - SMC Global Securities maintains a buy call on HPCL with a target of Rs 300 and stop loss of Rs 267, reports CNBC Awaaz. The stock is currently trading at Rs 272, down 0.72% on the BSE.

1:40 PM - Maruti Suzuki sales down 3% at Rs 4512 crore versus Rs 4674 crore (YoY) and net profit down 54% at Rs 213 crore versus Rs 467 crore (YoY), reports NDTV Profit. Buy Maruti at Rs 420-450 in a market correction for the long term and not now, says P Phani Shekhar of Angel Broking. The stock is currently trading at Rs 535, up 2.8% on the BSE.

1:32 PM - Welspun Gujarat bags order worth Rs 500 crore from GAIL, reports Zee Business. The company order book stands at Rs 10,000 crore now. Welspun Gujarat is currently trading at Rs 74, down 1.45% on the BSE.

1:24 PM - Accumulate frontline stocks like Infosys, TCS and Wipro in the IT space for the long term in any correction as they will give good returns, says Upendra Kulkarni, technical analyst, on Zee Business.

1:16 PM - The Asian markets are trading mixed. The Indian market is volatile with F&O expiry today. Sensex is trading at 9200, down 57 points and Nifty is at 2808, down 40 points from the previous close. CNX Midcap index is down 0.43% and BSE Smallcap index is up 0.10%. The market breadth is negative with advances at 541 against declines of 592 on the NSE.

1:06 PM - Hold RIL with a target of Rs 1310, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1251, down 1.7% on the BSE.

12:57 PM - Hold Unitech with stop loss of Rs 25, says Mandar Jamsandekar, technical analyst, on NDTV Profit. Book profit at Rs 50, he adds. The stock is currently trading at Rs 31.15, up 1% on the BSE.

12:49 PM - Do partial profit-booking for Satyam Computers on every rally, says MB Singh, technical analyst, on Zee Business. Keep stop loss of Rs 48, he adds. The stock is currently trading at Rs 51, down 8% on the BSE.

12:43 PM - Hold BHEL for medium- and long-term view, says VVLN Sastry of Firstcall India Equity Advisors, on NDTV Profit. Those with short-term view should sell on rally, he adds. Growth rate of company still not there, he adds. The stock is currently trading at Rs 1362.85, down 2.2% on the BSE.

12:37 PM - Hold Suzlon Energy with stop loss of Rs 43, says Mandar Jamsandekar, technical analyst, on NDTV Profit. It has support at Rs 45 and Rs 36 and resistance at Rs 75, he adds. Book profit at this level, he says. The stock is currently trading at Rs 47, up 2.4% on the BSE.

12:31 PM - Buy Maruti Suzuki which can go up to Rs 608, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 536.90, up 3.2% on the BSE.

12:23 PM - Buy Cairn India with short-term target of Rs 195, says Rahul Mohindar, technical analyst, on CNBC TV18. Keep stop loss of Rs 140, he adds. The stock is currently trading at Rs 163.10, down 5.3% on the BSE.

12:23 PM - Hold TCS with stop loss of Rs 448, says Mandar Jamsandekar, technical analyst, on NDTV Profit. It has support at Rs 455 and resistance at Rs 560, he adds. The stock is currently trading at Rs 506.25, down 0.1% on the BSE.

12:17 PM - The market at noon is still trading flat and weak with the Nifty continuing in the negative. Sensex is trading at 9298, up 41 points from its previous close, and Nifty is at 2842, down 7 points. CNX Midcap index is up 0.1% and BSE Smallcap index is up 0.5%. The market breadth is positive with advances at 600 against declines of 501 on the NSE.

12:06 PM - Inflation for the week ended January 17 has been declared at 5.64% versus the earlier figure of 5.60%, reports CNBC TV18

11:58 AM - Hold GVK Power and exit around Rs 22-23, says PK Agarwal, market expert, on Zee Business. The stock is currently trading at Rs 18.25, up 1.4% on the BSE.

11:50 AM - Buy Nitin Fire at Rs 130 with stop loss of Rs 120, say MB Singh, technical analyst, on Zee Business. It has resistance at Rs 180, he adds. The stock is currently trading at Rs 154.55, up 1.8% on the BSE.

11:44 AM - Stay away from Zee Entertainment, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. Instead invest in PSU banks and Infra stocks, he adds. The stock is currently trading at Rs 108.20, down 2.6% on the BSE.

11:37 AM - Exit from Sesa Goa at Rs 95, says Pankaj Jain, market expert on CNBC Awaaz. It will reach levels of Rs 60-65 in February, he adds. The stock is currently trading at Rs 79.25, down 1.6% on the BSE.

11:30 AM - Buy HDIL at Rs 96 with target of Rs 101, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 93, she adds. The stock is currently trading at Rs 96.50, up 0.3% on the BSE.

11:23 AM - Hold RNRL with stop loss of Rs 45, says PK Agarwal, market expert, on Zee Business. It has good resistance at Rs 65 at which level one can exit. The stock is currently trading at Rs 50.80, down 1.9% on the BSE.

11:16 AM - Stay away from Suzlon Energy, says Rahul Mohindar, technical analyst, on CNBC Awaaz. At the moment, there is no clear trend emerging from this company, he adds. The stock is currently trading at Rs 46.70, up 1.5% on the BSE.

11:08 AM - An hour into opening, the market is looking a little shaky with the Nifty slipping into the negative. Sensex is trading at 9293, up 35 points from its previous close, and Nifty is at 2842, down 7 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.7%.

10:57 AM - Hold DLF and exit around Rs 220, says PK Agarwal, market expert, on Zee Business. The stock is currently trading at Rs 181.60, up 2.2% on the BSE.

10:49 AM - Hold Bank of Baroda and buy more on dips, says Pankaj Jain, market expert on CNBC Awaaz. It is a good PSU stock to invest in, he adds. The stock is currently trading at Rs 246.45, up 0.8% on the BSE.

10:42 AM - Buy OBC with target of Rs 160, says Ashwani Gurjal, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 125, he adds. The stock is currently trading at Rs 132.95, up 2.9% on the BSE.

10:35 AM - Buy Punj Lloyd at Rs 96 with target of Rs 101, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 92, she adds. The stock is currently trading at Rs 96.65, up 0.2% on the BSE.

10:28 AM - Difficult period for equities as earnings have come off aggressively and I expect some more nasty balance sheet surprises, says Daniel McCormack of Macquarie Securities, on CNBC TV18. Going forward, he expects markets to be lower in the next 3 months. He has turned relatively positive on India as valuations have started looking attractive and sees the Indian economy holding out better than the rest in 2009.

10:21 AM - Sell Gitanjali Gems on rally, says MB Singh, technical analyst, on Zee Business. Keep stop loss of Rs 48, he adds. The stock is currently trading at Rs 51.15, up 1.6% on the BSE.

10:14 AM - Buy Axis Bank at Rs 422 with target of Rs 439, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 410, she adds. The stock is currently trading at Rs 439.40, up 3.9% on the BSE.

10:07 AM - The market has opened on a flat note today, quite sluggish in fact. Sensex is trading at 9350, up 93 points from its previous close, and Nifty is at 2861, up 11 points. CNX Midcap index is up 0.8% and BSE Smallcap index is up 0.9%. The market breadth is positive with advances at 400 against declines of 100 on the NSE.

9:56 AM - Satyam Computers will see cash-based selling today, says Siddharth Bhamre of Angel Broking, on CNBC Awaaz. There will be volatility in the stock in the range of Rs 10 one either side, he adds. He advises profit booking for those who bought it at lower levels. The stock is currently trading at Rs 55.45, up 17.6% on the BSE.

9:49 AM - Hold Pyramid Saimira Theatre with stop loss of Rs 20, says MB Singh, technical analyst, on Zee Business. Buy more when it reaches Rs 30, he adds. The stock is currently trading at Rs 23.15, up 3.8% on the BSE.

9:42 AM - Nifty will see support at 2735-2780 and resistance at 2904-2961 when market opens today, says Anil Maghnani, technical analyst, on CNBC TV18. He advises booking profit at 2900 and creating fresh shorts.

9:35 AM - Market will have positive opening today on account of strong global cues, says Ashwani Gujral, technical analyst, on CNBC TV18. It had a nice back-to-back gain for the past two days and will continue to rally further till 3100, if Nifty is able to trade above 2860-2875 for a few trading sessions, he adds. He sees support for Nifty at 2700-2765 and resistance at 2930-3000. He finds PSU banks, Infra and Power sectors showing strength on charts.

Market Gained Due To Short Covering

2009-01-28T04:08:00.000-08:00

4:00 PM - Positive global cues and short covering saw the Indian market close firm today ahead of F&O expiry tomorrow. Sensex shut shop at 9257, up 253 points and Nifty at 2849, up 78 points from the previous close. CNX Midcap index was up 0.65% and BSE Smallcap index was up 1.18%. There was good buying in realty, metal and banking stocks. The market breadth was positive with advances at 732 against declines of 445 on the NSE. Top Nifty gainers included Unitech, SAIL and ICICI Bank while losers included Maruti, Suzlon and Reliance Communications.

3:56 PM - Buy ONGC with a target of Rs 674-735 and once that is crossed it can go to Rs 810-820, says Prasad Kushe of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 615, he adds. The stock is currently trading at Rs 641, up 3.2% on the BSE.

3:54 PM - Buy L&T with a target of Rs 740-745 and it has support at Rs 610-615, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 670, up 5.2% on the BSE.

3:50 PM - Buy Cairn with a target of Rs 175-185 and stop loss of RS 150, says Prasad Kushe of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 173, up 7.77% on the BSE.

3:49 PM - Hold Cairn with a target of Rs 180, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 173, up 7.77% on the BSE.

3:46 PM - The market has shown resilience today and is seeing a pre-expiry short covering rally, feels Vijay Bhambwani, technical analyst, on CNBC TV18. Nifty may see some profit booking around 2875-2890 levels but it may not be the end of the upmove, he adds. Roll over 50% longs and book some profits, he says.

3:40 PM - It was a good day for the market ahead of F&O expiry tomorrow. Sensex closed at 9264, up 260 points (provisional) and Nifty at 2854, up 83 points (provisional) from the previous close. CNX Midcap index was up 0.67% and BSE Smallcap index was up 1.28%. The market breadth was positive with advances at 743 against declines of 441 on the NSE.

3:35 PM - Hold Nifty long positions with a stop loss of 2750, says E Mathew, technical analyst, on CNBC TV18, as closing market strategy.

3:30 PM - Hold Nifty long positions with a stop loss of 2810, says Rajat Bose, technical analyst, on CNBC TV18, as closing market strategy.

3:25 PM - TCS bags order worth $100 million from Phones 4 U, reports NDTV Profit. TCS to manage the IT operations of Phones 4 U. The stock is currently trading at Rs 507, up 1.8% on the BSE.

3:21 PM - Buy Sesa Goa with a target of Rs 86-92 and stop loss of Rs 70, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 80, up 10.9% on the BSE.

3:15 PM - Earnings have been on expected lines for the market, says Apurva Shah of Prabhudad Liladhar, on CNBC TV18. But there has been no FII participation so the rally is unlikely to sustain at higher levels, he feels.

3:10 PM - Nifty now has resistance at 2850 after which it could see a minor correction that could take it to 2750-2700, says Prasad Kushe of Angel Broking on CNBC Awaaz. If in a correction 2650 is not broken then Nifty could rally to 3100, he adds.

3:05 PM - The market continues to look good. Sensex is trading at 9236, up 232 points and Nifty is at 2838, up 67 points from the previous close. CNX Midcap index is up 1.08% and BSE Smallcap index is up 0.67%. The market breadth is positive with advances at 763 against declines of 433 on the NSE.

2:56 PM - HEM Securities maintains a buy call on ICICI Bank with a target of Rs 403 and stop loss of Rs 370, reports CNBC Awaaz. The stock is currently trading at Rs 395, up 3.68% on the BSE.

2:48 PM - Shree Cements net profit is up 253%, at Rs 123 crore versus Rs 35 crore (YoY) and sales up 25% at Rs 665 crore versus Rs 529 crore (YoY), says HM Bangur, MD of the company, on NDTV Profit. The company has EBIDTA margins of 37% which are now under pressure, he says. The stock reacts to positive numbers and is up, trading at Rs 511, up 8% on the BSE.

2:41 PM - SMC Global Securities maintains a buy call on Cairn India with a target of Rs 184 and stop loss of Rs 148, reports CNBC Awaaz. The stock is currently trading at Rs 170, up 5.66% on the BSE.

2:35 PM - Buy Cairn India with a target of Rs 175-184 and stop loss of Rs 154, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 169, up 5.03% on the BSE.

2:27 PM - HEM Securities maintains a buy call on Cairn India with a target of Rs 172 and stop loss of Rs 155, reports CNBC Awaaz. The stock is currently trading at Rs 169, up 5.03% on the BSE.

2:21 PM - Buy Tata Motors with a target of Rs 156-168 and stop loss of Rs 134, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 146, up 4.63% on the BSE.

2:14 PM - Sell Adlabs in any rally with a short-term target of Rs 190 and stop loss of Rs 150, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 93, down 0.11% on the BSE.

2:06 PM - The European markets have opened in the positive. The Indian market is looking good. Sensex is trading at 9170, up 165 points and Nifty is at 2824, up 53 points from the previous close. CNX Midcap index is up 0.53% and BSE Smallcap index is up 0.67%. The market breadth is positive with advances at 679 against declines of 473 on the NSE.

1:55 PM - Crnindia.com maintains a buy call on Crompton Greaves with a target of Rs 147 and stop loss of Rs 129, reports CNBC Awaaz. The stock is currently trading at Rs 134, up 2.39% on the BSE.

1:48 PM - Traders should book profits in Satyam in any rally as the fundamentals of the stock are still unclear for taking any investment call, says Deven Choksey of KR Choksey, on Zee Business. The stock is currently trading at Rs 53, up 14.21% on the BSE.

1:40 PM - Crnindia.com maintains a buy call on Central Bank of India with a target of Rs 42 and stop loss of Rs 37, reports CNBC Awaaz. The stock is currently trading at Rs 39, up 3.25% on the BSE.

1:31 PM - Hold Punj Lloyd for the long term but with a stop loss of Rs 88 and in the short term it has a target of Rs 99 in the short term, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 93, down 0.11% on the BSE.

1:24 PM - Confidence seems to be returning to the market, says Ajay Srivastava of Dimensions Consultants on CNBC TV18. The mood of pessimism and disaster has been lifted and now things are looking better for the market, he adds.

1:15 PM - The Asian markets are trading firm. The Indian market is also trading stable but commodities have plunged today. Sensex is trading at 9081, up 77 points and Nifty is at 2794, up 23 points from the previous close. CNX Midcap index is down 0.16% and BSE Smallcap index is up 0.66%. The market breadth is positive with advances at 647 against declines of 483 on the NSE.

1:07 PM - Buy IDFC around Rs 45-50 for the long term in any market fall, says Anil Maghnani, technical analyst, on Zee Business. The stock is currently trading at Rs 56, up 2.25% on the BSE.

1:01 PM - Hold L&T which has support at Rs 488, says Ashu Bagri, technical analyst, on NDTV Profit. It has four resistance levels of Rs 687, Rs 722, Rs 764 and Rs 800, he adds. The stock is currently trading at Rs 644.25, up 1% on the BSE.

12:54 PM - Buy ITC for long term, says Paras Bothra of Ashika Stock Broking on NDTV Profit. It will give good returns of 15-20% in six months, he adds. The stock is currently trading at Rs 173.65, up 1.6% on the BSE.

12:47 PM - Take any opportunity to exit from Tata Tele at higher levels, says Mehraboon Irani of Centrum Broking, on CNBC Awaaz. The stock is currently trading at Rs 22.55. up 1.6% on the BSE.

12:40 PM - Sell Glenmark Pharma, says Amitabh Chakraborty of Religare Securities, on CNBC TV18. There is downgrading of the stock and picture is all not that good, he adds. The stock is currently trading at Rs 147.15, down 21.8% on the BSE.

12:33 PM - Buy United Spirits on decline with target of Rs 520 and Rs 555, says E Mathew, technical analyst, on CNBC TV18. It has huge support at Rs 425, he adds. The stock is currently trading at Rs 550, up 10.8% on the BSE.

12:26 PM - Sell Tata Steel at Rs 210-215, says Ashu Bagri, technical analyst, on NDTV Profit. It has support at Rs 166 and Rs 147, he adds. The stock is currently trading at Rs 170.05, down 1.3% on the BSE.

12:20 PM - Exit from Aban Offshore at Rs 600-625, says Rajesh Agarwal of CD Equisearch, on Zee Business. The stock is currently trading at Rs 468.70, up 2.9% on the BSE.

12:15 PM - Hold Rolta India which has support at Rs 74-82, says Ashu Bagri, technical analyst, on NDTV Profit. It has resistance at Rs 93-97 at which level book profit, he adds. The stock is currently trading at Rs 84.30, up 2.1% on the BSE.

12:09 PM - The market at noon is trading quiet with both Sensex and Nifty doing decently well, based on good global cues. Stock to watch out for is Lanca Infra with its numbers hvaing been declared. Sensex is trading at 9089, up 85 points from its previous close, and Nifty is at 2797, up 26 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.6%. The market breadth is positive with advances at 663 against declines of 440 on the NSE.

11:59 AM - Do not go short on Punj Lloyd, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. There will be no level to keep a stop loss, he adds. The stock is currently trading at Rs 92.80, down 0.5% on the BSE.

11:53 AM - Sell BPCL with target of Rs 410, says Rajesh Agarwal of CD Equisearch, on Zee Business. Keep stop loss of Rs 365, he adds. Long-term investors should hold, he says. The stock is currently trading at Rs 384.75, up 0.1% on the BSE.

11:46 AM - Exit from Sesa Goa, says Gaurang Shah of Geojit Financials, on CNBC Awaaz. Instead invest in Reliance or Tata Steel, he adds. The stock is currently trading at Rs 73.50, up 1.1% on the BSE.

11:39 AM - Sell Nagarjuna Fertilisers on rally within 6 to 8 months, says Rajesh Agarwal of CD Equisearch, on Zee Business. New investors should stay away from the fertiliser sector, he adds. The stock is currently trading at Rs 15.30, up 0.1% on the BSE.

11:32 AM - Buy ICICI Bank at Rs 381 with target of Rs 396, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 369, she adds. The stock is currently trading at Rs 386.25, up 1.3% on the BSE.

11:25 AM - Sell Aptech with target of Rs 100-110, says Rajesh Agarwal of CD Equisearch, on Zee Business. The stock is currently trading at Rs 73.05, up 0.1% on the BSE.

11:18 AM - Average Sterlite Industries at Rs 240, says Pradeep Surekha, technical analyst, on Zee Business. It has support at Rs 235, he adds. The stock is currently trading at Rs 268.55, up 0.3% on the BSE.

11:11 AM - An hour into opening, the Sensex and Nifty are trading positive yet it is a lackluster market in comparison with the broad move seen yesterday. Sensex is trading at 9076, up 72 points from its previous close, and Nifty is at 2795, up 23 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.7%. The market breadth is positive with advances at 340 against declines of 130 on the NSE.

11:01 AM - Stay away from L&T, say Ajay Bagga of Deutsche Bank, on CNBC Awaaz. There is pressure on the stock and it will fall further, he adds. The stock is currently trading at Rs 651, up 2% on the BSE.

10:55 AM - Buy Punj Lloyd at Rs 93 with target of Rs 98, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 89, she adds. The stock is currently trading at Rs 94.45, up 1.2% on the BSE.

10:48 AM - Sell Tata Steel at Rs 175-180, says Raj Kishore Bang of Sixth Sense, on CNBC Awaaz. Make fresh entry at Rs 150-155, he adds. The stock is currently trading at Rs 171.70, down 0.4% on the BSE.

10:41 AM - Hold Indiabulls Securities with stop loss of Rs 17, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. It has resistance at Rs 22-24, he adds. The stock is currently trading at Rs 22.20, up 7.8% on the BSE.

10:34 AM - Buy Renuka Sugars with target of Rs 85, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 65, he adds. The stock is currently trading at Rs 71, up 1.2% on the BSE.

10:27 AM - Do profit booking for Hanung Toys at Rs 40-45, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Buy more on dips, he adds. The stock is currently trading at Rs 31.25, up 6.3% on the BSE.

10:20 AM - Hold Satyam Computers which may go up to Rs 55-57, says Rajat Bose, technical analyst, on CNBC Awaaz. There may be fresh but risky buying with stop loss of Rs 48, he adds. The stock is currently trading at Rs 50.90, up 7.9% on the BSE.

10:13 AM - Go long on Bharti Airtel with target of Rs 700 plus, says TS Harihar of Karvy Stock Broking, on CNBC TV18. The stock is currently trading at Rs 645.35, down 0.4% on the BSE.

10:06 AM - It has been a quiet start to the market today with most of the heavyweights up by 1%. Sensex is trading at 9082, up 78 points from its previous close, and Nifty is at 2798, up 26 points. CNX Midcap index is up 0.7% and BSE Smallcap index is up 0.3%. The market breadth is positive with advances at 340 against declines of 180 on the NSE.

9:58 AM - Nifty will see strong resistance levels of 2810 today, says Raj Kishore Bang of Sixth Sense, on CNBC Awaaz. Long traders should keep stop loss of 2690-2750, he adds.

9:53 AM - Hold Reliance which has resistance at Rs 1260-1280, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Make fresh entry at Rs 1150-1170, he adds. The stock is at Rs 1227, up 6.4% on the BSE.

9:46 AM - Nifty will have a positive opening today at 2800, says Mitesh Thacker, technical analyst, on CNBC TV18. There will be trade-bound action and more rally will be seen today, he adds. He sees support for Nifty at 2650 and resistance at 2850-2890.

9:39 AM - Market will be mildly bullish today, says Deepak Mohoni, technical analyst, on CNBC TV18. Nifty day trade may see 20-30 points on either side, he adds. Bharti Airtel will be in focus today, he says.

9:32 AM - Resistance for Nifty is seen between 2,840-2,850 today, says Jitendra Panda of Motilal Oswal Securities on CNBC TV18. Banking and oil & gas look strong, he adds. Auto has seen short covering and metals may sell-off post expiry after short covering is completed, he says.

The Indian market outperformed

2009-01-27T07:14:00.000-08:00

4:00 PM - The Indian market outperformed its global peers today to close at the high point of the day. Sensex shut shop at 9004, up 329 points and Nifty at 2771, up 92 points from the previous close. CNX Midcap index was down 0.04% and BSE Smallcap index was up 0.34%. The market breadth was positive with advances at 642 against declines of 550 on the NSE. Top Nifty gainers included Sterlite, Reliance Infrastructure and Ranbaxy while losers included GAIL, ONGC and Suzlon.

3:55 PM - Buy Tata Communications with a target of Rs 465 in 2-3 days and stop loss of Rs 435, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 442, up 3.78% on the BSE.

3:50 PM - Hold Cadilla Healthcare with a target of Rs 260 where one can book profits, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 242, up 1.84% on the BSE.

3:45 PM - The market saw a good relief rally today and there may be some more upside left, feels Anil Maghnani, technical analyst, on Zee Business. Nifty has resistance at 2850-2950 and Sensex at 9330-9767, he adds. But the market is likely to resume its downside after this expiry, he says.

3:40 PM - It was a good day for the market today. Sensex closed at 9008, up 334 points (provisional) and Nifty at 2771, up 92 points (provisional) from the previous close. CNX Midcap index was up 0.08% and BSE Smallcap index was up 0.27%. The market breadth was positive with advances at 638 against declines of 561 on the NSE.

3:34 PM - Hold Nifty long positions with a target of 2850, says Devangshu Sutta, market expert, on CNBC-TV18, as closing market strategy. Buy Bharati Airtel with a target of Rs 680 and stop loss of Rs 635, he adds.

3:26 PM - Buy ACC with a target of Rs 520 in 2-3 days and stop loss of Rs 475, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 486, up 2.65% on the BSE.

3:20 PM - Hold Sesa Goa as in a pullback rally it has a target of Rs 79 where one can book profits, says E Mathew, technical analyst, on CNBC TV18. The stock has support at Rs 64-66 and is currently trading at Rs 72, up 6.59% on the BSE.

3:15 PM - Sensex is likely to be rangebound for some time, says Ajay Bagga with Deutsche Bank on NDTV Profit. Invest in cement stocks, in the next 6-12 months they could offer good returns, he adds.

3:11 PM - Earnings have been in line with expectations but next quarter may see a slump in demand, says Shashank Khade of Kotak Securities, on CNBC TV18. The market has shown that it does not have too much tolerance of negative news and stocks with poor results are being hammered down, he says. But one cannot say if this is the worst quarter or more pain is to come, he adds.

3:05 PM - Sensex crosses 9000 and is trading at 9019, up 344 points from the previous close.

3:04 PM - After last week's fall in the market a relief rally was overdue, says Anil Maghnani, technical analyst, on Zee Business. This week Nifty resistance is 2850-2950 and then the downtrend is likely to resume, he feels. Use any Nifty rally (in 2850-2950 range) to pare down long positions, he adds.

3:02 PM - The market is still looking good. Sensex is trading at 8993, up 318 points and Nifty is at 2770, up 92 points from the previous close. CNX Midcap index is up 0.23% and BSE Smallcap index is up 0.30%. The market breadth is positive with advances at 619 against declines of 553 on the NSE.

2:53 PM - Sell GTL Ltd with a target of Rs 207 and stop loss of Rs 222, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 218, up 0.34% on the BSE.

2:45 PM - Hold Educomp as in a pullback rally it has a target of Rs 1800 where one can book profits, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1669, down 4.3% on the BSE.

2:40 PM - Sell ONGC with a target of Rs 600 and stop loss of Rs 645, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 619, down 4.2% on the BSE.

2:33 PM - If market makes new lows, Adlabs will be available at Rs 140 where one can buy the stock, says MB Singh, technical analyst, on Zee Business. In eight quarters the stock could go to Rs 225 and then see a breakout, he feels. The stock is currently trading at Rs 163, up 2.12% on the BSE.

2:25 PM - Pfizer buys Wyeth for $68 billion, says Jeff Kindler, CEO of Pfizer, on NDTV Profit. This merger will make Pfizer a giant in the pharmaceutical space with a market capital of $160 billion, says Sujay Shetty, head of Lifesciences, PWC. This will add an interesting range of vaccines to Pfizer's basket but the domestic impact will be slow, he says. Both stocks are up, Pfizer is trading at Rs 526, up 2.22% and Wyeth is trading at Rs 438, up 0.38% on the BSE.

2:16 PM - The market could add more gains in February and Nifty could see 3000 soon, says Vijay Bhushan, technical analyst, on CNBC Awaaz. Invest in the PSU banking space SBI, BoB and PNB are the top picks for the long term, he adds.

2:09 PM - The market seems to be breaking out despite negative news and Nifty could soon head to 3000 levels, says E Mathew, technical analyst, on CNBC TV18. If Nifty sustains above 2880 it will be the first signal of a short to medium term uptrend, he says. Nifty support to watch is 2670-2700 and any breakdown could see it go to 2550-2580, he adds. It's a difficult market to trade but a great opportunity for investors, he feels.

2:01 PM - The European markets have opened weak. The Indian market continues to trade firm. Sensex is trading at 8954, up 279 points and Nifty is at 2762, up 84 points from the previous close. CNX Midcap index is down 0.12% and BSE Smallcap index is up 0.11%. The market breadth is positive with advances at 610 against declines of 541 on the NSE.

1:52 PM - Kotak Securities maintains a buy call on HT Media with a target of Rs 115, reports Zee Business. The stock is currently trading at Rs 53, up 0.31% on the BSE.

1:44 PM - Buy Reliance Petroleum on dips around Rs 60 and book partial profit at Rs 90 after which the stock could see a breakout, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 79, up 3.12% on the BSE.

1:35 PM - Crnindia.com maintains a buy call on MRPL with a target of Rs 42 and stop loss of Rs 35, reports CNBC Awaaz. The stock is currently trading at Rs 37, up 1.09% on the BSE.

1:27 PM - Hold Unitech with a stop loss of Rs 25 as below that it could go all the way to Rs 20, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 27, up 1.86% on the BSE.

1:20 PM - The market is likely to make new deeper lows by February-March, says Shakar Sharma of First Global, on CNBC TV18. Sensex could test 7200 and it has strong support at 6000, he feels. But a sharp bear market rally could also take the Sensex up to 12000-12500, he adds.

1:13 PM - The Asian markets are trading firm. The Indian market is looking good as RBI leaves all important rates unchanged. Sensex is trading at 8957, up 283 points and Nifty is at 2765, up 87 points from the previous close. CNX Midcap index is up 0.36% and BSE Smallcap index is up 0.29%. The market breadth is positive with advances at 655 against declines of 491 on the NSE.

1:06 PM - L&T increases stake in Satyam from 4.48% to 12.04% by buying shares at an average cost of Rs 34.50/share, says YM Deosthalee, CFO of L&T, on CNBC TV18. L&T increases stake as initial cost of investment in the company was at risk, he says. The stake increase is an attempt to secure a board set and some corporate action will take place in the near future, he feels. L&T Infotech to touch $500 million this fiscal, he adds. Satyam is currently trading at Rs 46.15, up 18.79% on the BSE.

12:58 PM - crnindia.com maintains a buy call on Sterling Bio with target of Rs 167 and stop loss of Rs 155, reports CNBC Awaaz. The stock is currently trading at Rs 162.15, up 1.6% on the BSE.

12:51 PM - HSBC maintains a buy call on Marico with target of Rs 72, reports CNBC Awaaz. It is expected to give a return of 20% in 3-4 months, it adds. The stock is currently trading at Rs 59.35, down 0.8% on the BSE.

12:44 PM - Buy Mundra Port on dips, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 373.40, up 2.7% on the BSE.

12:37 PM - Kotak Securities maintains a buy call on Reliance Infrastructure with target of Rs 970, reports CNBC Awaaz. It is expected to give returns of 100%, it adds. The stock is currently trading at Rs 514.20, up 5.9% on the BSE.

12:29 PM - Tata Steel has good short-term buying opportunity, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 171.80, up 3.3% on the BSE.

12:22 PM - Go short on every rally for L&T, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Market has given this stock thumbs down, he adds. The stock is currently trading at Rs 627.50, down 2% on the BSE.

12:15 PM - Hold GSPL with stop loss of Rs 24.80, says Simi Bhaumik, technical analyst, on Zee Business. Exit on any bounce, she adds. The stock is currently trading at Rs 27, up 1.9% on the BSE.

12:07 PM - At noon the Nifty still holds the 2700 mark and RBI's declaration of rates staying unchanged has clearly not had much effect on the market. Sensex is trading at 8890, up 216 points from its previous close, and Nifty is at 2742, up 63 points. CNX Midcap index is down 0.1% and BSE Smallcap index is up 0.07%. The market breadth is positive with advances at 592 against declines of 523 on the NSE.

11:55 AM - Intra-day traders can buy Satyam Computers with trailing stop loss of Rs 40, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 45.90, up 18.2% on the BSE.

11:48 AM - Book your loss and exit from Spicejet, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 12.45, down 1.2% on the BSE.

11:41 AM - Buy Ranbaxy at Rs 188 with target of Rs 196, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 184, she adds. The stock is currently trading at Rs 187.50 on the BSE.

11:34 AM - Sell United Spirits which has support at Rs 460-430, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has resistance at Rs 500-517, he adds. The stock is currently trading at Rs 438.55, down 8.3% on the BSE.

11:27 AM - The Reserve Bank of India keeps interest rates unchanged, reports NDTV Profit. Unchanged are Repo rate, Reverse Repo rate and CRR. RBI sees FY09 GDP growth at 7% with downward bias, it adds.

11:21 AM - Sell Bank of India at Rs 240-250, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has support at Rs 222-241 and resistance at Rs 236-245, he adds. The stock is currently trading at Rs 233.75, up 1.5% on the BSE.

11:16 AM - Sell Wipro with target of Rs 180, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 223, he adds. The stock is currently trading at Rs 220.95, up 3.3% on the BSE.

11:09 AM - The market continues on a positive note with both Sensex and Nifty continuing in the green. Sensex is trading at 8863, up 189 points from its previous close, and Nifty is at 2735, up 57 points. CNX Midcap index is up 0.3% and BSE Smallcap index is up 0.3%. The market breadth is positive with advances at 599 against declines of 462 on the NSE.

11:01 AM - Buy Tata Motors at Rs 90-100, say Rajesh Tambe of Sunchan Securities, on Zee Business. It is a good stock, he adds. The stock is currently trading at Rs 138.25, up 2.3% on the BSE.

10:55 AM - Sell DLF on any rally, say VK Sharma of Anangram Stock Broking, on CNBC Awaaz. It is a weak stock, he adds. The stock is currently trading at Rs 163.25, up 1.4% on the BSE.

10:48 AM - Sell Aban Offshore at Rs 470-490, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has support at Rs 431-409 and resistance at two levels of Rs 420 and Rs 490, he adds. The stock is currently trading at Rs 441.50, down 2.6% on the BSE.

10:41 AM - Exit from ICICI Bank on any rally, says Simi Bhaumik, technical analyst, on Zee Business. It has resistance at Rs 390 and support at Rs 350, she adds. The stock is currently trading at Rs 372.80, up 2.3% on the BSE.

10:34 AM - Trade L&T with target of Rs 670-675, says Siddharth Bhamre of Angel Broking, on CNBC TV18. Keep stop loss of Rs 590-595, he adds. The stock is currently trading at Rs 632, down 1.4% on the BSE.

10:27 AM - Sell Mahindra & Mahindra at Rs 264 with target of Rs 251, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 271, she adds. The stock is currently trading at Rs 268, up 1.3% on the BSE.

10:21 AM - Hold GVK Power which has support at Rs 16.50, says Simi Bhaumik, technical analyst, on Zee Business. It is a technically weak stock and might go down to Rs 14-15, she adds. The stock is currently trading at Rs 19.10, up 1% on the BSE.

10:14 AM - Do profit-booking for Wyeth at Rs 509-510, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 420 and if it breaks resistance level of Rs 509, it can go up to Rs 588-590, he adds. The stock is currently trading at Rs 460.50, up 5.5% on the BSE.

10:07 AM - The market opens on a strong note with both Sensex and Nifty seeing a pull-back. Most of the Asian markets are closed today but the global cues are good. Sensex is trading at 8813, up 139 points from its previous close, and Nifty is at 2721, up 43 points. CNX Midcap index is up 0.5% and BSE Smallcap index is up 0.5%.

10:00 AM - Buy Max India with stop loss of Rs 106, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has two resistance levels of Rs 113 and Rs 116, he adds. The stock is currently trading at Rs 108.60, up 4.6% on the BSE.

9:53 AM - Nifty level of 2700 will be a good buying opportunity today, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Profit-taking levels will be 2750 and 2800, he adds.

9:46 AM - Today Nifty will see resistance at 2745 after which it might go up to 2800-2810, say Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. At this level intra-day traders may do selling. It has support at 2700 and if it breaks this level then it might go down to 2640, he adds.

9:39 AM - Sell Educomp Solutions on rally, says Ashwani Gujral, technical analyst, on CNBC Awaaz. On the upside it can go up to Rs 1500 and on the downside it has support at Rs 1200, he adds. The stock is currently trading at Rs 1747.35, down 2% on the BSE.

9:32 AM - Take profit in morning trade when market opens today, says VK Sharma of Anangram Stock Broking, on CNBC TV18. L&T and Satyam will be the stocks to watch out for, he adds.

European markets moved lower on poor GDP data.

2009-01-23T09:15:00.000-08:00

4:32 PM - It was a painful week for the Indian market that continued to grapple with bad news and poor results. Experts feel the market is likely to drift lower on account of global weakness. This week's bad figures are: Sensex down 7% and Nifty down 5.25%. BSE Midcap index down 5%, BSE Smallcap index down 4.5% over the week. BSE Realty index was down 12.25%, BSE Bankex index down 11%, BSE Metal index down 11.25%, BSE Consumer Goods index down 8%, BSE Auto index down 6.9% and BSE IT index down 5.5%.

4:26 PM - UK is in recession for the first time since 1991. European markets moved lower on poor GDP data. Weak global cues saw the Indian market break down decisively below crucial levels. Nifty closed below 2700 for first time since November 21, 2008. Nifty closed at 2678, down 35 points and Sensex shut shop at 8674, down 139 points from the previous close. CNX Midcap index was down 1.53% and BSE Smallcap index was down 1.50%. The market breadth was negative with advances at 319 against declines of 875 on the NSE. Top Nifty gainers included Cipla, RIL and Tata Motors while losers included Mahindra & Mahindra, Tata Steel and Nalco.

4:20 PM - ICICI Bank looks weak and could go to Rs 300 where one can buy the stock for the long term, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 364, down 3.4% on the BSE.

4:15 PM - Hold Union Bank with a target of Rs 160 where one can book profits, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock has support at Rs 130, he adds. The stock is currently trading at Rs 143, up 3.2% on the BSE.

4:10 PM - SBI looks weak and it has a target of Rs 1000 where one can buy the stock for the long term, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1043, down 4.3% on the BSE.

4:05 PM - Hold Vijaya Bank with a target of Rs 38 where one can book profits and maintain a stop loss of Rs 25, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 29, down 3.4% on the BSE.

3:57 PM - Sharekhan maintains a buy call on Ipca Laps with a target of Rs 664, reports Zee Business. The stock is currently trading at Rs 326, down 4.1% on the BSE.

3:50 PM - It's a truncated week with next Monday being a holiday on account of Republic Day so one can think of going short next week, says Ashwani Gujral, technical analyst, on CNBC Awaaz. One can go short on metals (Tata Steel) and banking stocks (Axis Bank could go down to Rs 300), he adds.

3:44 PM - It was a terrible session for the market that closed at the low point of the day. Sensex closed at 8686, down 127 points (provisional) and Nifty at 2678, down 35 points (provisional) from the previous close. CNX Midcap index was down 1.53% and BSE Smallcap index was down 1.47%. The market breadth was negative with advances at 341 against declines of 860 on the NSE.

3:36 PM - Maintain Nifty short position with stop loss of 2570 and target of 2690, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.

3:35 PM - Hold Nifty short position with stop loss of 2670 and target of 2580, says Vijay Bhambwani, technical analyst, on CNBC-TV18, as closing market strategy.

3:30 PM - Sell JP Hydro with a target of Rs 25-20 and stop loss of Rs 32.25, says Prasad Kushe of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 29, down 2.8% on the BSE.

3:25 PM - There is a flood of bad news and market is likely to test the earlier bottom, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The important thing to note is whether new lows will be made now, he adds. There is no sanctity of Nifty levels now, he feels.

3:21 PM - Nifty has broken 2700 decisively now, says E Mathew, technical analyst, on CNBC TV18. This is a mature bear market and in the coming two weeks Nifty could see 2550, he adds.

3:17 PM - UK Q4 GDP down 1.4% (QoQ), the economy is in recession for the first time since 1991, reports CNBC TV18. UK 2008 GDP growth is at 0.7%, lowest since 1992. Global markets have weakened, European markets are trading weak.

3:10 PM - The market is in the thick of newsflows and earnings season, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The best results generally come first and next week poorer results from corporates are expected, he feels. If global cues turn ugly then the market could see a further selloff, he adds. But the damage is likely to be over next week and February could be quieter where the market forms a bottom by being ranged, he says.

3:05 PM - The bulls and bear are in a major tussle and today's closing will be crucial, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The bulls are trying to protect 2700 levels and bears are trying to break 2680, he feels. If Nifty closes below 2680 then 2550 is possible, he adds.

3:00 PM - The market is trading weak. Sensex is trading at 8667, down 146 points and Nifty is at 2675, down 38 points from the previous close. CNX Midcap index is down 1.73% and BSE Smallcap index is down 1.49%. The market breadth is negative with advances at 311 against declines of 864 on the NSE.

2:52 PM - SMC Global maintains a sell call on Punj Lloyd with a target of Rs 70 and stop loss of Rs 110, reports CNBC Awaaz. The stock is currently trading at Rs 93, down 1.42% on the BSE.

2:43 PM - Sharekhan maintains a buy call on Mahindra and Mahindra with a target of Rs 564, reports Zee Business. The stock is currently trading at Rs 261, down 9.2% on the BSE.

2:35 PM - L&T has bagged construction orders worth Rs 1198 crore from Oman, says KV Rangaswami, president of construction, on NDTV Profit. The order will be completed over two years and margins continue to be 8-10% in the international division, he adds. The stock is currently trading at Rs 643, down 3.10% on the BSE.

2:28 PM - Sell Hero Honda with a target of Rs 690 and stop loss of Rs 875, says Prasad Kushe of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 843, down 0.4% on the BSE.

2:20 PM - HCC has bagged its first EPC contract of Rs 2729 crore from NHPC for a 330 MW hydel project, says Praveen Sood, CFO of the company, on NDTV Profit. The order will be executed over 18 months and with this the company order book stands at Rs 15,698 crore, he adds. The stock is currently trading at Rs 41, down 3.4% on the BSE.

2:11 PM - Sell Tata Power with a target of Rs 600 and stop loss of Rs 765, says Prasad Kushe of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 690, down 3.4% on the BSE.

2:02 PM - The European markets have opened in the negative. Weak global cues see our market continue to trade under pressure . Sensex is trading at 8671, down 141 points and Nifty is at 2671, down 42 points from the previous close. CNX Midcap index is down 1.85% and BSE Smallcap index is down 1.57%. The market breadth is negative with advances at 292 against declines of 860 on the NSE.

1:52 PM - Hold Satyam Computers which could go to Rs 40 in a rally where one can book profits and exit the stock, says DD Sharma of Anand Rathi Securities, on CNBC Awaaz. The stock is currently trading at Rs 37.05, up 25% on the BSE.

1:44 PM - Goldman Sachs maintains a buy on Reliance Industries with a target of Rs 1425, reports CNBC TV18. Merril Lynch maintains overweight on the stock with a target of Rs 1581, Morgan Stanley has a price target of Rs 1619 on the stock. It is currently trading at Rs 1147, up 1.24% on the BSE.

1:36 PM - Reliance Industries Q3 net profit is down 9.8% at Rs 3501 crore versus Rs 3882 crore and sales down 8.8% at Rs 31,563 crore versus Rs 34,590, says Mukesh Ambani, CMD of the company, on CNBC TV18. The world business cycle is changing and this is a reset for the way the world needs to work, he says. The company's other income was up at Rs 663 crore versus Rs 241 crore. The results were better than market expectations and the stock is up 1.42% and trading at Rs 1149 on the BSE.

1:28 PM - This is a bear market and there is no point in hurrying up to buy stocks, says Vibhav Kapoor of IL&FS on CNBC TV18. Global cues are likely to drive the market forward, he feels. One will have to wait and see whether the global depression continues then the market will drift lower, he adds.

1:18 PM - Till the forthcoming elections the market trend is likely to remain downward, says KN Vaidyanathan of Alchemy Capital Management on CNBC TV18. But the speed of erosion will be far lower till the market goes to the October lows, he adds.

1:10 PM - The Asian markets are trading sticky. The Indian market is struggling and drifting lower. Sensex is trading at 8683, down 130 points and Nifty is at 2674, down 39 points from the previous close. CNX Midcap index is down 1.73% and BSE Smallcap index is down 1.23%. The market breadth is negative with advances at 295 against declines of 846 on the NSE.

12:57 PM - Hold Reliance Communications and buy more on decline, says DD Sharma of Anand Rathi Securities on NDTV Profit. The stock is currently trading at Rs 166.20, down 0.9% on the BSE.

12:50 PM - Sell DLF at around Rs 200, says Rakesh Bansal, technical analyst, on NDTV Profit. It has resistance at Rs 190, he adds. The stock is currently trading at Rs 161.05, down 1.8% on the BSE.

12:43 PM - Sell Ranbaxy at higher levels, says Rakesh Bansal, technical analyst, on NDTV Profit. It has support at Rs 165 and resistance at Rs 225, he adds. The stock is currently trading at Rs 185.55, up 0.3% on the BSE.

12:36 PM - Buy L&T at current levels, says Saurav Mittal, market expert on Zee Business. Company has good fundamentals and in long-term will give good performance, he adds. The stock is currently trading at Rs 646.20, down 2.7% on the BSE.

12:29 PM - Hold Nalco which has support at Rs 171 and resistance at Rs 220, says Rakesh Bansal, technical analyst, on NDTV Profit. Exit at Rs 275, he adds. The stock is currently trading at Rs 189, down 2.5% on the BSE.

12:22 PM - Buy Canara Bank at Rs 180 levels, says DD Sharma of Anand Rathi Securities on NDTV Profit. The overall performance of company is good and on the lending front, it has shown growth of 25%, he adds. The stock is currently trading at Rs 194, down 5% on the BSE.

12:15 PM - Buy Reliance Industries at the current levels, says Prakash Gaba, technical analyst, on CNBC Awaaz. Exit when it reaches Rs 1550-1560, he adds. The stock is currently trading at Rs 1166.05, up 2.9% on the BSE.

12:08 PM - The market at noon is still struggling with the Sensex breaking into the green though marginally. It is trading at 8828, up 9 points from its previous close, and Nifty is at 2708, down 5 points. CNX Midcap index is down 0.33% and BSE Smallcap index is down 0.7%.

11:59 AM - Buy BOI with target of Rs 280, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 230, he adds. The stock is currently trading at Rs 245.15, down 0.3% on the BSE.

11:53 AM - Buy in parts Reliance Infrastructure, says Pradeep Surekha, technical analyst, on Zee Business. Buy at levels of Rs 486, Rs 400 and Rs 375, he adds. The stock is currently trading at Rs 494.10, up 1.2% on the BSE.

11:47 AM - Do not buy Unitech on any rally or dip, says Ashwani Gujral, technical analyst, on CNBC TV18. If it breaks its support level of Rs 26 then it could fall to Rs 22, he adds. The stock is currently trading at Rs 27.05, down 4.4% on the BSE.

11:40 AM - Go long on DLF with stop loss of Rs 148, says Pradeep Surekha, technical analyst, on Zee Business. It has two resistance levels of Rs 205 and Rs 180, he adds. The stock is currently trading at Rs 161.70, down 1.4% on the BSE.

11:33 AM - Go short on Nifty today with target of 2500-2550, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of 2765-2780, he adds.

11:26 AM - Sell Mahindra & Mahindra Ltd at Rs 287 with target of Rs 273, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 296, she adds. The stock is currently trading at Rs 274.55, down 4.5% on the BSE.

11:20 AM - Buy Satyam Computers at Rs 18-20, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 30, he adds. It has resistance at Rs 37-40, he says. The stock is currently trading at Rs 33.75, up 14% on the BSE.

11:12 AM - Hold Maruti Suzuki with stop loss of Rs 540, says Pradeep Surekha, technical analyst, on Zee Business. It has good support at Rs 490 and Rs 485, he adds. The stock is currently trading at Rs 518.60 on the BSE.

11:06 AM - An hour after it opens, the market continues quiet and flat. Sensex is trading at 8783, down 30 points from its previous close, and Nifty is at 2702, down 11 points. CNX Midcap index is down 0.9% and BSE Smallcap index is down 1%. The market breadth is negative with advances at 275 against declines of 755 on the NSE.

10:56 AM - Sell Cipla at Rs 180-170, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Do not make any fresh buys, he adds. The stock is currently trading at Rs 183.75, up 6.3% on the BSE.

10:48 AM - Buy Reliance Industries at Rs 1050 from a trading point of view, says Vikas Sethi, market expert on CNBC Awaaz. Keep target of Rs 1150, he adds. The stock is currently trading at Rs 1148, up 1.3% on the BSE.

10:41 AM - Neyvelli Lignite is a good stock to invest in today, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. Buy on dips, he adds. The stock is currently trading at Rs 76, down 1.2% on the BSE.

10:36 AM - Sell HDIL at Rs 96 with target of Rs 90, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 99, she adds. The stock is currently trading at Rs 91.50, down 4.9% on the BSE.

10:29 AM - Buy NTPC at Rs 165-166, says Pradeep Surekha, technical analyst, on Zee Business. It has good resistance at Rs 183, he adds. The stock is currently trading at Rs 178.25, down 0.4% on the BSE.

10:22 AM - Buy L&T at the current levels in staggered amounts, says Pradeep Surekha, technical analyst, on Zee Business. Company has good fundamentals, he adds. The stock is currently trading at Rs 654, down 1.5% on the BSE.

10:15 AM - Exit from Educomp Solutions as it is a weak stock, says Ashwani Gujral, technical analyst, on CNBC TV18. If it breaks Rs 1500 level, it could go down to Rs 1200, he adds. The stock is currently trading at Rs 1726, down 3.2% on the BSE.

10:08 AM - The market opens on a sluggish note with Reliance opening just 2% up, unlike a bigger move expected. Sensex is trading at 8853, up 38 points from its previous close, and Nifty is at 2719, up 6 points. CNX Midcap index is down 0.05% and BSE Smallcap index is up 0.02%. The market breadth is negative with advances at 300 against declines of 100 on the NSE.

9:58 AM - In short term, Reliance Industries should see some bounce today, says Vibhav Kapoor of IL&FS on CNBC TV18. It should settle down in the range of Rs 1100-1200, he adds. The stock is currently trading at Rs 1132.95, up 1.2% on the BSE.

9:51 AM - Stay away from Zee Entertainment for now, says Deven Choksey of KR Choksey, on CNBC Awaaz. The company is under pressure, he adds. The stock is at Rs 97.85, down 11% on the BSE.

9:44 AM - Market is in intermediate downtrend and volatile trading can be expected, says Sudarshan Sukhani, technical analyst, on CNBC TV18. He sees Nifty touching 2450 today.

9:37 AM - Markets may open flat with a weak undertone in line with the global cues, says PN Vijay, investment advisor, on CNBC TV18. RIL and Bharti Airtel will lead uptrend, if any, he adds. Buy banking stocks and HDFC, he says.

9:30 AM - Nifty will see support between 2666-2680 and resistance between 2733-2745 when market opens today, says Rajat Bose, technical analyst, on CNBC TV18. He advises trading on range breakout.

Satyam can reach 100 only if...

2009-01-22T11:55:00.000-08:00

My view for satyam to reach 100

1. Vivek Paul is appointed the CEO

2. Goldman Sachs or JPM is appointed the interim investment bankers

3. Parekh remains the chairman or heads the board of directors for the next 5 years

4. Restated accounts do not reveal much of a loss ala Raju though I expect losses to be in the region of 3000 crore over the last 5 years

5. Employees chip in and take a dip in salaries and be competitive in billing rates though I am told Satyam offers the lowest billing rates worldwide. This is a fact why satyam has not yet fallen.

6. Satyam expertise in SAP which is the future worldwide will make it competitive in biling rates

7. LT will be take over SATYAM . If this happens it may be positive for LT but negative for SATYAM

Nalco, Bharti Airtel and Power Grid while losers included DLF, Ranbaxy and Hindalco.

2009-01-22T03:45:00.000-08:00

4:00 PM - Positive global cues failed to support the Indian market that saw a flat close as frontline stocks got hammered on account of poor results. Experts feel if the results of Reliance Industries later today are above expectation then there could be a bounce but it is unlikely to sustain. Today, Sensex shut shop at 8813, up 34 points and Nifty at 2713, up 7 points from the previous close. CNX Midcap index was down 2.06% and BSE Smallcap index was down 2.05%. The market breadth was negative with advances at 292 against declines of 895 on the NSE. Top Nifty gainers included Nalco, Bharti Airtel and Power Grid while losers included DLF, Ranbaxy and Hindalco.

3:55 PM - HEM Securities maintains a sell call on Titan Industries with a target of Rs 860 and stop loss of Rs 928, reports CNBC Awaaz. The stock is currently trading at Rs 893, down 2.46% pn the BSE.

3:50 PM - Hold IVRCL Infra as it has resistance at Rs 135 where one can exit the stock, says Hormuz Maloo, technical analyst with Geojit Financial Services, on CNBC Awaaz. The stock is currently trading at Rs 98, down 8.3% pn the BSE.

3:45 PM - Sell Hindalco on any rally as it could go down to Rs 39, says Rajat Bose, technical analyst, on CNBC TV18. The stock is currently trading at Rs 43, down 7.5% pn the BSE.

3:40 PM - It was a bad day as stocks with poor results got punished today. Sensex closed at 8803, up 24 points (provisional) and Nifty at 2708, up 2 points (provisional) from the previous close. CNX Midcap index was down 2.18% and BSE Smallcap index was down 2.05%. The market breadth was negative with advances at 304 against declines of 881 on the NSE.

3:32 PM - Square off all Nifty positions, suggests Devangshu Dutta, market expert, on CNBC TV18, as closing market strategy.

3:30 PM - Maintain Nifty short for a target of 2580 and stop loss above 2740, says Rahul Mohindar, technical analyst, on CNBC TV18, as closing market strategy.

3:27 PM - If Reliance Industries results later today are below expectations, then crucial levels could be broken, says Rajat Bose, technical analyst, on CNBC TV18. Nifty levels to watch for now are 2691-2650-2610 and on any bounce it must sustain above 2750, he feels. Anything less than 2750 on Nifty would be a meaningless recovery, he adds.

3:20 PM - Hold Cairn India as it has a short-term target of Rs 170-175, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 154, up 3.6% on the BSE.

3:14 PM - Buy Ranbaxy for the long term as valuations are attractive at current levels, says Hemang Jani of Sharekhan on NDTV Profit. But the stock could languish in the short term and forex losses need to be looked at carefully, he adds. The stock is currently trading at Rs 186, down 8.94% on the BSE.

3:07 PM - The market looks weak and is likely to retest the October lows, says Mehraboon Irani of Centrum Broking, on CNBC TV18. If the dollar strengthens and rupee weakens after a one-month honeymoon period for US President Obama, then the market could make new lows, he feels. Many stocks could crack once results are out, he adds.

3:01 PM - The European markets continue to trade in the positive. But the Indian market continues to be sticky. Sensex is trading at 8807, up 28 points and Nifty is at 2703, down 2 points from the previous close. CNX Midcap index is down 2.11% and BSE Smallcap index is down 1.95%. The market breadth is negative with advances at 265 against declines of 904 on the NSE.

2:55 PM - Sell Reliance Infrastructure with a target of Rs 450 and stop loss of Rs 565, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 495, down 4.88% on the BSE.

2:47 PM - PL Research maintains a buy call on Nagarjuna Constructions with a target of Rs 90, reports Zee Business. The stock is currently trading at Rs 50, down 5.83% on the BSE.

2:39 PM - SMC Global Securities maintains a buy call on Bharat Electronics with a target of Rs 850 and stop loss of Rs 750, reports CNBC Awaaz. The stock is currently trading at Rs 776, down 0.98% pn the BSE.

2:29 PM - Sell Mahindra & Mahindra with a target of Rs 250 and stop loss of Rs 310, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 282, down 4.48% on the BSE.

2:21 PM - The Indian market is taking positive global cues and mirroring their gains, says Upendra Kulkarni of Fortis Financial, on CNBC Awaaz. This is a good time to invest in frontline large cap stocks for the long term, he adds.

2:14 PM - The market is under pressure and unless Nifty is able to trade above 2800-2825 it seems like a sell on rallies trend, says Vijay Bhambwani, technical analyst, on CNBC TV18. The bears seem to be pushing the market lower at every bounce so one should square off at least 2/3rd of one's short positions, he adds.

2:05 PM - The European markets have opened positive. But the Indian market is under pressure. Sensex is trading at 8755, down 23 points and Nifty is at 2698, down 8 points from the previous close. CNX Midcap index is down 1.92% and BSE Smallcap index is down 1.71%. The market breadth is negative with advances at 284 against declines of 874 on the NSE.

1:56 PM - Buy Polaris with a target of Rs 65 and stop loss of Rs 40, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 43, down 0.92% on the BSE.

1:49 PM - Marico Q3 consolidated net sales is at Rs 622.7 crore versus Rs 506.2 crore (YoY) and PAT at Rs 50.89 crore versus Rs 45.87 crore (YoY), reports NDTV Profit. The stock is currently trading at Rs 57, up 1.24% on the BSE.

1:41 PM - In the FMCG space, sell Amar Remedies and switch to a better stock like Dabur India in this sector that can offer better returns, says Rajesh Tambe, technical analyst, on Zee Business. Amar Remedies is currently trading at Rs 15, down 1.29% on the BSE.

1:31 PM - Crnindia.com maintains a buy call on Opto Circuits with a target of Rs 95 and stop loss of Rs 85, reports CNBC Awaaz. The stock is currently trading at Rs 87, down 0.4% on the BSE.

1:23 PM - Hold Cipla with a short-term target of Rs 205-210 and a stop loss of Rs 170, says Salil Sharma of Kapoor & Sharma Company, on Zee Business. The stock is currently trading at Rs 173, down 3.3% on the BSE.

1:14 PM - The Asian markets are trading ranged. The Indian market is holding onto its morning gains. Sensex is trading at 8844, up 65 points and Nifty is at 2723, up 17 points from the previous close. CNX Midcap index is up 1.12% and BSE Smallcap index is down 1.14%. The market breadth is negative with advances at 331 against declines of 788 on the NSE.

1:04 PM - crnindia.com maintains a buy call on Cairn India with target of Rs 170 and stop loss of Rs 145, reports CNBC Awaaz. The stock is currently trading at Rs 154.40, up 2.7% on the BSE.

12:56 PM - Hold IVRCL with strict stop loss of Rs 97-98, says Kiran Jadhav, technical analyst on NDTV Profit. It has two resistance levels at Rs 100 and Rs 124, he adds. The stock is currently trading at Rs 102.80, down 4.5% on the BSE.

12:49 PM - Goldman Sachs maintains a buy call on NTPC with target of Rs 208, reports CNBC Awaaz. It will show an upside of 16% soon, it adds. The stock is currently trading at Rs 178.65, down 0.6% on the BSE.

12:42 PM - Buy Axis Bank only when it reaches levels of Rs 355-362, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 408.50, up 0.1% on the BSE.

12:35 PM - Sell Punj Lloyd with target of Rs 60, says Kiran Jadhav, technical analyst on NDTV Profit. It has resistance between Rs 108-116, he adds. The stock is currently trading at Rs 96.95, down 3.8% on the BSE.

12:28 PM - Hold Reliance Industries with strict stop loss of Rs 995, says Kiran Jadhav, technical analyst, on NDTV Profit. It has good support at Rs 1055 and resistance at Rs 1330, he adds. The stock is currently trading at Rs 1122, up 0.2% on the BSE.

12:22 PM - Book your losses and exit from Ruchi Soya, says Kiran Jadhav, technical analyst, on NDTV Profit. It has support at Rs 15 after which it could even go down to Rs 5, he adds. There is resistance at Rs 25, he says. The stock is currently trading at Rs 19.15, down 3.8% on the BSE.

12:14 PM - The market at noon is still holding up with both Sensex and Nifty showing marginal gains. Sensex is trading at 8835, up 54 points from its previous close, and Nifty is at 2717, up 11 points. CNX Midcap index is down 1% and BSE Smallcap index is down 0.8%. The market breadth is negative with advances at 376 against declines of 718 on the NSE.

12:07 PM - The inflation figure for week ended January 10 has been declared at 5.6% versus the earlier figure of 5.24%, reports NDTV Profit.

12:03 PM - Buy Axis Bank only when it reaches levels of Rs 355-362, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 413.50, up 1.4% on the BSE.

11:55 AM - Exit at first chance from Maytas Infra, say Ashish Kapur of Invest Shoppe, on NDTV Profit. There is too much of uncertainty surrounding this company, he adds. The stock is currently trading at Rs 95.40, down 5% on the BSE.

11:48 AM - Do not buy Educomp Solutions now, says Ashwani Gujral, technical analyst, on CNBC Awaaz. If it does not sustain the Rs 1500 level, then it will go down to Rs 1200, he adds. It is a very volatile stock, he says. The stock is currently trading at Rs 1605.10, up 4.6% on the BSE.

11:41 AM - Sell ICICI Bank on rally, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has support at Rs 306 and Rs 283 and two resistance levels of Rs 380 and 388, he adds. The stock is currently trading at Rs 377.50, up 2.3% on the BSE.

11:34 AM - Buy GVK Power when it reaches Rs 15, says MB Singh, technical analyst, on Zee Business. Hold for 12-18 months, he adds. The stock is currently trading at Rs 19.95, up 0.3% on the BSE.

11:27 AM - Sell Maruti Suzuki at Rs 539 with target of Rs 524, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 550, she adds. The stock is currently trading at Rs 537, down 0.7% on the BSE.

11:20 AM - Exit YES Bank on bounce, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has resistance at Rs 72-75, he adds. The stock is currently trading at Rs 69.55, up 2.1% on the BSE.

11:13 AM - Hold IDBI Bank which has major resistance at Rs 80-82, says market expert on Zee Business. Exit at Rs 75-80, he adds. The stock is currently trading at Rs 56.35, up 0.3% on the BSE.

11:06 AM - An hour after opening, the broader market is not looking very healthy although the index is up. Sensex is trading at 8859, up 80 points from its previous close, and Nifty is at 2722, up 16 points. CNX Midcap index is down 0.5% and BSE Smallcap index is down 0.04%. The market breadth is negative with advances at 444 against declines of 562 on the NSE.

11:00 AM - Hold JP Associates with stop loss of Rs 61, says market expert on Zee Business. It has major resistance at Rs 72 after which it can go up to Rs 85, he adds. The stock is currently trading at Rs 66.60, up 2.2% on the BSE.

10:53 AM - Buy RPL at Rs 65-75, says MB Singh, technical analyst, on Zee Business. Hold for one year, he adds. The stock is currently trading at Rs 78.65, up 0.6% on the BSE.

10:46 AM - Sell ICICI Bank at Rs 369 with target of Rs 351, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 380, she adds. The stock is currently trading at Rs 379.15, up 2.8% on the BSE.

10:40 AM - Sell HCL Technologies on rally, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has major resistance at Rs 130-145, he adds. The stock is currently trading at Rs 117.10, up 2% on the BSE.

10:33 AM - Exit from Educomp Solutions with trailing stop loss of Rs 1625-1680, says market expert on Zee Business. Buy again at Rs 1389, he adds. The stock is currently trading at Rs 1609, up 4.8% on the BSE.

10:26 AM - Sell Sterlite Industries on rally, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has two resistance levels of Rs 246 and 254, he adds. The stock is currently trading at Rs 244.30, up 3% on the BSE.

10:19 AM - Buy Polaris with target of Rs 65, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 40, he adds. The stock is currently trading at Rs 44.80, up 3% on the BSE.

10:12 AM - The important level for Nifty today will be 2675, says Rahul Mohindar, technical analyst, on CNBC Awaaz. If this level is broken then it will go down by 100 points, he adds.

10:05 AM - The market gets off to a positive start today. Sensex is trading at 8893, up 117 points from its previous close, and Nifty is at 2734, up 30 points. CNX Midcap index is down 1.3% and BSE Smallcap index is up 0.5%.

10:00 AM - Hold Reliance Capital with stop loss of Rs 370-375, says stock market expert on Zee Business. Keep targets of Rs 415 and Rs 450, he adds. The stock is at Rs 394.20, down 5.5% on the BSE.

9:52 AM - Bharti Airtel has announced its third quarter numbers, reports CNBC TV18. The company's Q3 net profit jumped 15.26% at Rs 1976.4 crore versus Rs 1,714.66 crore, QoQ (Indian GAAP), it adds. Its consolidated revenues were up by 8.34% at Rs 9,667.4 crore versus Rs 8,923.6 crore, QoQ (Indian GAAP), it says.

9:45 AM - Nifty will see two support levels of 2630 and 2690 and resistance between 2550-2800, says Anil Maghnani, technical analyst, on CNBC TV18. He advises going short on rallies.

9:38 AM - Market will have a gap-up opening today, says Siddharth Bhamre of Angel Broking, on CNBC TV18. He sees resistance for Nifty at 2800-2850. Advises intra-day traders to go short on any buys.

Raju admits to diverting Satyam money

2009-01-21T10:17:00.000-08:00

CID sources said Raju told interrogators funds were diverted during the past four to five years. This means Raju's Jan 7 statement that he inflated company accounts was a red herring.

Disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju has confessed that he diverted funds of the IT company to the two real estate firms promoted by his family, state police sources said here Wednesday.

Raju, who was grilled Wednesday for the fourth day by officials of Criminal Investigation Department (CID) of Andhra Pradesh police, also reportedly admitted using the Satyam money to buy prime land in and around Hyderabad.

CID sources said Raju told interrogators funds were diverted during the past four to five years. This means Raju's Jan 7 statement that he inflated company accounts was a red herring.

While resigning as company chairman, Raju had admitted to a Rs.70 billion (Rs.7,000 crore/$1.43 billion) accounting fraud, saying the company had cooked its books over several years resulting in inflated (non-existent) cash and bank balances.

He reiterated this during CID interrogation soon after his arrest Jan 9. But investigations have now revealed that a big chunk of this money existed but was diverted to other firms.

CID, which took Raju, his brother and former managing director B. Rama Raju and former chief financial officer Vadlamani Srinivas in custody for four days following a court order, grilled the former Satyam boss on the basis of his confession.

After prolonged interrogation, Raju finally admitted to diverting Satyam funds to his family firms - Maytas Properties and Maytas Infra. He told CID sleuths that this was going on since 2004.

Raju not only diverted funds out of Satyam but is also believed to have misled company auditors PricewaterhouseCoopers (PwC) by submitting fake bank documents. CID and some regulatory agencies have already seized some documents from PwC.

Raju also reportedly swindled money through 6,000 fake salary accounts for last few years. Sources said he had created these accounts in four banks to divert the funds from fixed deposits. Some of these funds were flowed through his accounts in foreign banks.

The company's claims that it had 53,000 employees came under scrutiny after Raju's Jan 7 confession. The government-appointed board is also trying to ascertain these figures.

With Raju confessing to diversion of funds, the Serious Fraud Investigation Office (SFIO) and Registrar of Companies (RoC) are now trying to trace a Mauritius-based company used for channelising the money to Maytas.

The central government has already asked SFIO to extend the ambit of investigations of Satyam fraud to cover both Maytas Properties and Maytas Infra. A team of SFIO is checking the accounts and records of the two firms.

However, both the firms have denied that they received any funds from Satyam.

Source :- http://deccanherald.com/DeccanHerald.com/Content/Jan212009/national20090121113803.asp?section=updatenews

Poor global cues

2009-01-21T09:17:00.000-08:00

4:00 PM - Poor global cues saw our market close at the low point of the day today. The market saw heavy selling by frontline stocks in last hour of trade. Sensex shut shop at 8779, down 321 points and Nifty at 2706, down 90 points from the previous close. CNX Midcap index was down 1.57% and BSE Smallcap index was down 1.93%. The market breadth was negative with advances at 290 against declines of 906 on the NSE. Top Nifty gainers included HCL Technologies, HUL and Nalco while losers included Tata Power, HDFC and ICICI Bank.

3:54 PM - Buy Gail around Rs 195-203 with a target of Rs 218-225 and stop loss of Rs 195, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 205, down 0.77% on the BSE.

3:51 PM - If Reliance Industries results offer a positive surprise tomorrow, Nifty may try to bounce back, says Deven Choksey of KR Choksey, on CNBC-TV18. But Nifty is unlikely to be able to hold in case international cues are negative, he feels. Nifty is likely now to test 2550, he adds.

3:47 PM - Sell IDFC on any rally as in any market correction it will be available lower around Rs 35 where one can buy it for the long term, says Anuj Dixit, technical analyst, on Zee Business. The stock is currently trading at Rs 56, down 4.27% on the BSE.

3:41 PM - It was a terrible day with the market breaking crucial support levels lead by heavy selling of largecap stocks. Sensex closed at 8736, down 364 points (provisional) and Nifty at 2692, down 103 points (provisional) from the previous close. CNX Midcap index was down 1.58% and BSE Smallcap index was down 2.09%. The market breadth was negative with advances at 290 against declines of 906 on the NSE.

3:34 PM - Buy RIL 1140 put, says VK Sharma, technical analyst, on CNBC TV18, as closing market strategy.

3:30 PM - Nifty seems poised to break 2700 and so the next target is 2550, says Ashwani Gujral, technical analyst, on CNBC TV18, as closing market strategy.

3:29 PM - Nifty slips below 2700 and the market has collapsed. It is a largecap led fall in the market led by RIL, Bharti Airtel, NTPC and ONGC.

3:25 PM - If the US and UK market show weakness it will get extended to our market, says Vijay Bhambwani, technical analyst, on CNBC TV18. If Nifty breaks 2700, then there are no major support levels and market is headed for 2550, he adds.

3:20 PM - In the PSU banking space, SBI can be accumulated around Rs 1040 and BoB around Rs 230 for the long term, says Salil Sharma of Kapoor & Sharma Company, on Zee Business. Avoid the private banking space for now, he adds.

3:15 PM - In the PSU banking space, SBI, PNB and BoB are the top picks for the long term, says Sandeep Shenoy of Pinc Research on Zee News. These stocks are attractive at current levels, he adds.

3:09 PM - We are asking our clients to enter the market in a phased manner, says Ajay Loganandan of HSBC Private Banking, on NDTV Profit. India's GDP for FY09 likely to be 7% and for FY10 to be 6.2%, he feels. India is seeing fund inflows as risk aversion improves, he says. Valuations are cheap and attractive for the long term now, he adds. We are overweight on PSU banks that continue to be very attractive, he says.

3:02 PM - The market is trading at the low point of the day. Sensex is trading at 8848, down 251 points and Nifty is at 2727, down 69 points from the previous close. CNX Midcap index is down 0.91% and BSE Smallcap index is down 0.86%. There is selling in metal, power, banking and realty stocks. The market breadth is negative with advances at 340 against declines of 823 on the NSE.

2:55 PM - Hold Hindustan Zinc with a target of Rs 445 where one can exit the stock, says Amarjeet Singh, technical analyst, on CNBC Awaaz. It has support at Rs 285 and is currently trading at Rs 331, down 5% on the BSE.

2:49 PM - HDFC posts disappointing Q3 results, NII up 17% at Rs 758 crore versus Rs 665 crore and profit up 3.6% at Rs 547 crore versus Rs 528 crore, says Keki Mistry, Vice-Chairman and MD of the company, on NDTV Profit. The stock is currently trading at Rs 1415, down 4.6% on the BSE.

2:39 PM - Rolta is a buy for the long-term only once it closes above Rs 110, says Rajesh Jain of SMC Global, on CNBC Awaaz. The stock is currently trading at Rs 83, down 4.2% on the BSE.

2:29 PM - Buy Adlabs around Rs 175-180 with a target of Rs 195-207 and stop loss of Rs 173, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 179, up 0.25% on the BSE.

2:26 PM - Emkay Shares and Stock Brokers maintains a buy call on Allahabad Bank with a target of Rs 110, reports Zee Business. The stock is currently trading at Rs 54, up 0.65% on the BSE.

2:19 PM - Buy JP Hydro with a target of Rs 36-39 and stop loss of Rs 30, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 32, up 0.31% on the BSE.

2:11 PM - Hold Nifty shorts with a stop loss of 2800-2810, says Nitin Murarka of SMC Global Securities, on Zee Business. If Nifty breaks 2700 then the market will show more weakness and it could go to 2500, he adds. Avoid trade for a week since Nifty range seems 2700 on the lower side and 2900 on the upside and a breakout or breakdown will then give a clearer picture, he feels.

2:03 PM - The European markets have opened weak. The Indian market continues to be under pressure. Sensex is trading at 8975, down 125 points and Nifty is at 2763, down 32 points from the previous close. CNX Midcap index is down 0.08% and BSE Smallcap index is down 0.86%. The market breadth is negative with advances at 350 against declines of 777 on the NSE.

1:52 PM - Karvy Stock Broking maintains a buy call on Syndicate Bank with a target of Rs 73, reports Zee Business. The stock is currently trading at Rs 63, up 0.32% on the BSE.

1:44 PM - There is no government move to sell Satyam, says PC Gupta, minister of corporate affairs, on CNBC TV18. Many corporate houses have shown interest in buying Satyam, he says. The hunt for a new CEO is proving to be difficult, says Deepak Parekh, board member (appointed by the government) of Satyam. The stock is currently trading at Rs 28, up 7.26% on the BSE.

1:37 PM - Biocon posts good Q3 results, sales up 83% at Rs 438 crore versus Rs 237 crore and profit up 41% at Rs 72 crore versus Rs 51 crore, says Kiran Mazumdar Shaw, CMD of the company, on NDTV Profit. The stock is currently trading at Rs 114, up 1.56% on the BSE.

1:30 PM - Morgan Stanley says steel companies are under pressure and will see more downside in the next two quarters, reports CNBC TV18. It downgrades steel companies by 15-18%. SAIL target cut down from Rs 52 to Rs 45 and Jindal Steel & Power from Rs 610 to Rs 583.

1:22 PM - The market is likely to test new lows going forward, says Andrew Holland of Ambit Capital, on CNBC TV18. Sensex range now looks like 7000-10000 and if by the year end Sensex is is close to 10000 we would be happy, he adds.

1:14 PM - The Asian markets are trading at the low point of the day. It is a difficult day for the Indian market as well that is drifting lower. Sensex is trading at 8928, down 172 points and Nifty is at 2749, down 47 points from the previous close. CNX Midcap index is down 0.33% and BSE Smallcap index is down 0.64%. The market breadth is negative with advances at 397 against declines of 710 on the NSE.

1:06 PM - Hold Adlabs with a target of Rs 205-210 where one can exit the stock, says Jatindar Sharma, technical analyst, on CNBC Awaaz. Buy the stock in any correction at Rs 150 for a long-term investment perspective, he says. The stock is currently trading at Rs 180, up 0.92% on the BSE.

12:58 PM - Buy Reliance Communications with stop loss of Rs 157, says Rajish Dhall, technical analyst, on NDTV Profit. The stock is currently trading at Rs 173.70, down 1.7% on the BSE.

12:52 PM - Exit from Wockhardt because of uncertainity surrounding the company, says Sharmila Joshi of Prabhudas Lilladher, on NDTV Profit. Invest instead in Sun Pharma or Dr Reddy's, she adds. The stock is currently trading at Rs 103, down 2.3% on the BSE.

12:45 PM - Hold Biocon with stop loss of Rs 97, says Rajish Dhall, technical analyst on NDTV Profit. It has resistance at Rs 118, he adds. The stock is currently trading at Rs 113.90, up 1.5% on the BSE.

12:38 PM - TCS is a better buy in comparison with Infosys and Wipro, says Rajiv Mehta of India Infoline on Zee Business. It will give a return of 15-20% in one year, he adds. The stock is currently trading at Rs 495, down 0.2% on the BSE.

12:31 PM - Hold Tata Steel which has support at Rs 190 and resistance at Rs 213, says Rajish Dhall, technical analyst, on NDTV Profit. The stock is currently trading at Rs 191.30, down 1.9% on the BSE.

12:24 PM - New buyers should stay away from Jet Airways, says Ashish Kapur of Invest Shoppe on CNBC Awaaz. Holders should sell on rally, he adds. The stock is currently trading at Rs 170.60, up 1.6% on the BSE.

12:17 PM - Exit Polaris on rally, says Rajish Dhall, technical analyst, on NDTV Profit. It has support at Rs 39 and Rs 32 and resistance at Rs 50-52, he adds. The stock is currently trading at Rs 45, up 1.4% on the BSE.

12:10 PM - The market at noon drifts lower after showing signs of recovery. However, the Asian markets have made some recovery from their earlier lows. Sensex is trading at 8989, down 110 points from its previous close, and Nifty is at 2767, down 29 points. CNX Midcap index is down 0.1% and BSE Smallcap index is down 0.2%.

12:02 PM - SMC Global maintains a sell call on ABB with target of Rs 405 and stop loss of Rs 464, reports CNBC Awaaz. The stock is currently trading at Rs 450.85, up 1.9% on the BSE.

11:54 AM - Hold Suzlon Energy with stop loss of Rs 45, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 52.15, up 0.1% on the BSE.

11:47 AM - Sell Wipro on rally, says E Mathew, technical analyst, on CNBC TV18. Keep stop loss of Rs 200, he adds. It has resistance at Rs 250-255, he says. The stock is currently trading at Rs 221, down 3% on the BSE.

11:40 AM - Buy REC with target of Rs 100, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 75, he adds. The stock is currently trading at Rs 79.50, down 1.9% on the BSE.

11:33 AM - Till June this year do not take any long-term view in investment, says Pradeep Surekha, technical analyst, on Zee Business. For the moment, just stay with a trading view and protect your capital, he adds.

11:26 AM - Hold Indiabulls Financial with long-term view, says Jagdish Thakkar, market expert on Zee Business. It will give good returns, he adds. The stock is currently trading at Rs 95.10, dopwn 0.5% on the BSE.

11:19 AM - Sell ICICI Bank at Rs 396 with target of Rs 467, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 380, she adds. The stock is currently trading at Rs 384.50, down 3.2% on the BSE.

11:12 AM - An hour after opening, the market is just about holding up, moving up slightly after a weak start. Sensex is trading at 9033, down 67 points from its previous close, and Nifty is at 2778, down 18 points. CNX Midcap index is up 0.2% and BSE Smallcap index is down 0.3%.

11:04 AM - Book partial profit on Power Grid, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 78, he adds. The stock is currently trading at Rs 84.60, down 2.4% on the BSE.

10:56 AM - Hold Polaris Software which has good fundamentals, says Ashish Kapur of Invest Shoppe on CNBC Awaaz. But there should be no fresh buying, he adds. The stock is currently trading at Rs 45.55, up 2.5% on the BSE.

10:48 AM - Hold HDIL with target of Rs 105-108, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 97-98, he adds. The stock is currently trading at Rs 103, down 1.2% on the BSE.

10:41 AM - Investors should hold Radico Khaitan, says Anil Singhvi, market expert on CNBC Awaaz. Traders can buy at lower levels, he adds. The stock is currently trading at Rs 73, up 2% on the BSE.

10:34 AM - Hold Gujarat NRE Coke with stop loss of Rs 25.60, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 26.50, down 1.5% on the BSE.

10:27 AM - Sell Maruti Suzuki at Rs 559 with target of Rs 569, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 545, she adds. The stock is currently trading at Rs 549.50, down 1.7% on the BSE.

10:20 AM - Hold Deccan Chronicle with target of Rs 42-43, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 39, down 2% on the BSE.

10:13 AM - Nifty has support at 2750 and if it comes down below 2700 then there will be free fall, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. In this market, stay away from buying and sell on rally, he adds.

10:06 AM - The market opens on a weak note this morning. Metal, real estate and financials do not make a great start. Sensex is trading at 8956, down 143 points from its previous close, and Nifty is at 2759, down 38 points. CNX Midcap index is down 1% and BSE Smallcap index is down 0.4%. The market breadth is negative with advances at 57 against declines of 373 on the NSE.

9:59 AM - Hold Tata Steel, says Pradeep Surekha, technical analyst, on Zee Business. It has support at Rs 188 and resistance at Rs 203, he adds. The stock is at Rs 195, down 6.3% on the BSE.

9:52 AM - There will be stock- and sector-specific movement in the market today, says Anil Singhvi, market expert on CNBC Awaaz. If market closes above the 9000 level then it is not bad news, he adds.

9:47 AM - Wipro has announced its third quarter numbers, reports CNBC TV18. Its Q3 consolidated net profit went up at Rs 1,003.9 crore as against Rs 969.8 crore, QoQ. Its consolidated net sales were up at Rs 6,634.30 crore versus Rs 6,519.60 crore.

9:40 AM - Nifty will see crucial support at 2733 and resistance at 2840 when market starts trade today, says Rajat Bose, technical analyst, on CNBC Awaaz.

9:34 AM - Nifty has three crucial support levels of 2747, 2715 and 2690-2701, says Pradeep Surekha, technical analyst, on Zee Business. Until these are not broken we should not talk about market weakness, he adds. There is good resistance at 2870-2920, he adds.

The market saw a cautious session today ahead of the Barack Obama swearing in as 44th US President tonight.

2009-01-20T06:37:00.000-08:00

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.

Rally ahead of U.K Govt. bailout package

2009-01-19T04:17:00.000-08:00

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.

It was a volatile week for the Indian market as the Satyam saga unfolded

2009-01-16T05:06:00.000-08:00

4:30 PM - It was a volatile week for the Indian market as the Satyam saga unfolded. Experts felt the market was in no mood to turn for the better and just brushed aside good corporate results so far. Some believe a pre-Obama rally is possible on global markets next week. This week's average figures thus are: Sensex down 1.2% and Nifty down 4. BSE Midcap index down 1%, BSE Smallcap index down 4% over the week. BSE Realty index was down 7.5%, BSE Bankex index down 6.5%, BSE Metal index down 4.5%. The gainers included, BSE Oil & Gas index up 2.75% and BSE Auto index up 1%.

4:25 PM - Positive global cues saw our market post a good close today. Sensex shut shop at 9323, up 276 points and Nifty at 2828, up 91 points from the previous close. CNX Midcap index was up 0.94% and BSE Smallcap index was up 0.07%. There is buying in oil and gas, power and banking stocks and selling in the realty space. The market breadth was positive with advances at 653 against declines of 532 on the NSE. Top Nifty gainers included HCL Technologies, NTPC and SAIL while losers included Unitech, DLF and TCS.

4:20 PM - Hold ACC with a short-term target of Rs 580 where one can exit the stock, says Salil Sharma, technical analyst, on Zee Bsuiness. Maintain a stop loss of Rs 490, he adds. The stock is currently trading at Rs 501, down 0.27% on the BSE.

4:15 PM - Buy Reliance Communication with a target of Rs 258, says Jigar Shah, technical analyst, on NDTV Profit. The stock is currently trading at Rs 182, up 4.79% on the BSE.

4:10 PM - Hold Infosys which has resistance at Rs 1340-1350 and once that is crossed there could be a further upmove, says E Mathew, technical analyst, on Zee Bsuiness. The stock has support at Rs 1070 and is currently trading at Rs 1270, up 1.5% on the BSE.

4:05 PM - Hold ONGC with a short-term target of Rs 700 and support at Rs 610-620, says Rajesh Jain of SMC Global Securities, on Zee Business. The stock has good fundamentals and can be kept for the long term for good returns, he adds. The stock is currently trading at Rs 648, up 3.72% on the BSE.

4:00 PM - Hem Securities maintains a sell call on ONGC with a target of Rs 575 and stop loss of Rs 650, reports CNBC Awaaz. The stock is currently trading at Rs 648, up 3.72% on the BSE.

3:55 PM - Hold Idea Cellular with a short-term target of Rs 48-50 where one can exit the stock, says Rajesh Jain of SMC Global Securities, on Zee Business. Maintain a stop loss of Rs 40, he adds. The stock is currently trading at Rs 43, up 2.69% on the BSE.

3:50 PM - Nifty needs to stay above and cross 2800 next week as crucial results kick in, says Ashwani Gujral, technical analyst, on CNBC Awaaz. If Nifty breaks 2700 then the downtrend will resume, he adds.

3:46 PM - Trading has become frustrating as Nifty plays a cat-and-mouse game with 2800 level which is the fulcrum, says E Mathew, technical analyst, on CNBC TV18. If Nifty trades above 2800 one should be vary of going short, he says. If Nifty is able to cross 2930 then it can be viewed as a trend change to a short-term uptrend, he feels. Expect a pre-Obama short-term rally, he adds.

3:40 PM - It was a good day for the market thanks to positive global cues. Sensex closed at 9313, up 266 points (provisional) and Nifty at 2828, up 91 points (provisional) from the previous close. CNX Midcap index was up 0.95% and BSE Smallcap index was up 0.14%. The market breadth was positive with advances at 647 against declines of 536 on the NSE.

3:31 PM - Buy IFCI with a target of Rs 22-22.50 and stop loss of Rs 20, says VK Sharma, technical analyst, on CNBC TV18, as closing market strategy.

3:28 PM - Book 50% profits on Nifty long and buy NTPC for a target of Rs 190 and stop loss of Rs 175, says Ashwani Gujral, technical analyst, on CNBC TV18, as closing market strategy.

3:24 PM - Unitech is the best real estate play in the country, says Rajesh Jain of Pranav Securities, on CNBC TV18. But buy the stock only for a long term play of at least three years for good returns, he adds.

3:20 PM - Merril Lynch downgrades ABG Shipyard, gives sell call from Rs 810 to a target price of Rs 42, reports CNBC TV18. The stock is currently trading at Rs 95, down 8.3% on the BSE.

3:15 PM - The market is likely to be in a range and 9000 on Sensex and 2700 on Nifty must stay intact for the uptrend to continue, says Hormuz Maloo, technical analyst with Geojit Financial Services, on CNBC Awaaz. But if these levels are broken the market could test the October lows, he adds.

3:11 PM - The market has digested the weakness on account of Nortel bankruptcy, says Rajesh Jain of Pranav Securities, on CNBC TV18. But on every surge old sellers return and new ones come in, he feels. The market is likely to see a selloff on account of bad overseas corporates and that would be the big strain going forward, he adds.

3:05 PM - Market could surprise by breaking from the bearish trend, says Pankaj Chopra, India Advisor of Shanti Asset Management, France, on NDTV Profit. Global investors expect mild recovery in H2'09, he feels. Government spending on infrastructure is likely to drive economic growth, he says. He is positive on banking and financials but underweight on RIL.

3:01 PM - The European markets have opened positive. The Indian market has gained some weight and is looking smart. Sensex is trading at 9294, up 247 points and Nifty is at 2817, up 81 points from the previous close. CNX Midcap index is up 0.46% and BSE Smallcap index is down 0.12%. There is buying in oil and gas, power and banking stocks and selling in the realty space. The market breadth is positive with advances at 631 against declines of 535 on the NSE.

2:50 PM - SMC Global maintains a sell call on Mahindra Lifespace with a target of Rs 110 and stop loss of Rs 163, reports CNBC Awaaz. The stock is currently trading at Rs 141, down 2.08% on the BSE.

2:41 PM - Sell SAIL with a target of Rs 60-55 and stop loss of Rs 84, says Prasad Kushe of Angel Broking, on CNBC Awaaz. The stock is currently trading at Rs 56, up 2.55% on the BSE.

2:31 PM - Crnindia.com maintains a buy call on Praj Industries with a target of Rs 61 and stop loss of Rs 53, reports CNBC Awaaz. The stock is currently trading at Rs 55, up 1.55% on the BSE.

2:23 PM - Buy Bank of India with a target of Rs 300-310 and stop loss of Rs 223, says Prasad Kushe of Angel Broking, on CNBC Awaaz. The stock is currently trading at Rs 250, up 2.08% on the BSE.

2:15 PM - The PSU banking space has outperformed and stocks like Canara Bank, BoB, Union Bank and PNB can be accumulated for the long term, says Rajesh Jain of SMC Global Securities, on Zee Business. In PNB one can maintain a stop loss of Rs 43 and in Union Bank maintain a stop loss of Rs 145, he adds.

2:08 PM - Nifty has resistance at 2800-2825 and one should maintain a stop loss of 2640, says Prasad Kushe of Angel Broking, on CNBC Awaaz. If Nifty goes below 2645 it could see a breakdown, he adds.

2:01 PM - The market is able to hold on to its gains. Sensex is trading at 9228, up 181 points and Nifty is at 2798, up 61 points from the previous close. CNX Midcap index is up 0.36% and BSE Smallcap index is up 0.02%. The market breadth is positive with advances at 654 against declines of 465 on the NSE.

1:53 PM - The market is unlikely to show a 'V' shaped recovery, states Morgan Stanley, on NDTV Profit. It will be a slow and tapered move up with the market in a low growth environment for at least a year.

1:45 PM - Crnindia.com maintains a buy call on Sterling Bio with a target of Rs 167 and stop loss of Rs 151, reports CNBC Awaaz. The stock is currently trading at Rs158, up 0.80% on the BSE.

1:37 PM - Buy NTPC for the long-term around Rs 160-165 as it is a fundamentally good stock, says Rajesh Jain of SMC Global Securities, on Zee Business. For trade, one can hold it as it has a short-term target of Rs 200 in a rally where one can exit the stock, he adds. The stock is currently trading at Rs 175, up 5.18% on the BSE.

1:30 PM - BILT has invested over Rs 1000 crore in coated paper, says RR Vederah, MD of the company, on NDTV Profit. Its expansion in uncoated paper is on stream and the company expects to maintain its margins, he says. Demand has slowed from the overseas market, particularly from the US and China, he adds. The stock is currently trading at Rs 16, up 0.31% on the BSE.

1:22 PM - We are in a bear market with the intermediate trend being down, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. But traders can expect to play with a 50-point rally, he adds.

1:14 PM - The Asian markets are trading strong. Good global cues sees our market also trade smartly. Sensex is trading at 9222, up 175 points and Nifty is at 2796, up 59 points from the previous close. CNX Midcap index is up 0.56% and BSE Smallcap index is up 0.27%. There is buying in oil and gas, power and banking stocks. The market breadth is positive with advances at 644 against declines of 477 on the NSE.

1:07 PM - If one wants to take a trading call, buy RIL around Rs 950 and sell it with a target price of Rs 1250 in any rally, says Shrikant Chouhan, technical analyst, on CNBC Awaaz. It is a fundamentally good stock that can be invested into and accumulated on any dips for the long term, he adds. The stock is currently trading at Rs 1192, up 4.28% on the BSE.

1:00 PM - Exit from Reliance Communications on any pull-back, says stock market expert on Zee Business. Keep a stop loss of Rs 147, he adds. The stock is currently trading at Rs 183.75, up 5.5% on the BSE.

12:53 PM - Karvy maintains a buy call on Torrent Pharma with a target of Rs 200, reports CNBC Awaaz. It is expected to show an upside of 52%, it adds. The stock is currently trading at Rs 139, up 6.2% on the BSE.

12:46 PM - Investors should stay away from IT stocks for now, says Rajiv Mehta of India Infoline on Zee Business. Instead invest in telecom and banking sectors, he adds.

12:39 PM - Hold on to Gujarat NRE Coke with stop loss of Rs 24-25, says market expert on Zee Business. Exit when it reaches Rs 32-33, he adds. The stock is currently trading at Rs 28.70, up 3.4% on the BSE.

12:32 PM - CLSA maintains a buy call on HDFC with a target of Rs 1150, reports CNBC Awaaz. It is expected to go up by 25%, it says. The stock is currently trading at Rs 937, up 1.4% on the BSE.

12:25 PM - Sell Hanung Toys, says Ashish Maheshwari of Globe Capital Market on CNBC Awaaz. Instead invest in Alok Industries, he adds. The stock is currently trading at Rs 34, up 0.6% on the BSE.

12:18 PM - Hold on to Balrampur Chini with stop loss of Rs 40, says Mandar Jamsandekar, technical analyst, on NDTV Profit. It has support of Rs 42 and resistance at Rs 52, he adds. The stock is currently trading at Rs 53, up 4.7% on the BSE.

12:11 PM - The market at noon is quite upbeat and is 2.5% up. Sensex is trading at 9259, up 212 points, and Nifty is trading at 2805, up 68 points, from their previous close. CNX Midcap index is up 1.3% and BSE Smallcap index is up 0.8%. The market breadth is positive with advances at 726 against declines of 369 on the NSE.

12:01 PM - Hold on to HCC with trailing stop loss of Rs 39, says Mandar Jamsandekar, technical analyst, on NDTV Profit. It has support of Rs 42 and resistance at Rs 60, he adds. The stock is currently trading at Rs 49.40, up 1.5% on the BSE.

11:54 AM - Buy IDBI Bank at Rs 55 for mid- to long-term view, says PK Agarwal, market expert on Zee Business. The stock is currently trading at Rs 60.15, up 1.6% on the BSE.

11:47 AM - Wait for further clarity on financial and future of Satyam Computers, says Deepak Chhabria of Collins Stewart on CNBC TV18. Only then invest in stock, he adds. The stock is currently trading at Rs 26.20, up 29% on the BSE.

11:40 AM - Exit on rally from Reliance Capital, says Phani Sekhar of Angel Broking on CNBC Awaaz. Re-enter on dips, he adds. The stock is currently trading at Rs 426.60, up 3.4% on the BSE.

11:33 AM - Hold Canara Bank for now, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. Book profit on upper level, he adds. The stock is currently trading at Rs 206.50, up 2.1% on the BSE.

11:26 AM - Hold on to HDFC Bank, says PK Agarwal, market expert, on Zee Business. It has good prospects in long run, he adds. The stock is currently trading at Rs 936, up 1.2% on the BSE.

11:19 AM - Stay away from Punj Lloyd, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Instead invest in GMR Infra and GVK Power, he adds. The stock is currently trading at Rs 113.50, up 1.8% on the BSE.

11:12 AM - Buy Reliance Industries and Reliance Capital on dips, says Neeraj Deewan of Quanutm Securities on NDTV Profit. He is bullish on both the stocks.

11:05 AM - The market is holding up quite nicely an hour after it opened today. Sensex is trading at 9225, up 179 points, and Nifty is trading at 2790, up 54 points, from their previous close. CNX Midcap index is up 1.4% and BSE Smallcap index is up 0.9%. The market breadth is positive with advances at 690 against declines of 320 on the NSE.

10:58 AM - Hold on to RIL with long-term view, says PK Agarwal, market expert, on Zee Business. Buy more at Rs 1050-1100 level, he adds. The stock is currently trading at Rs 1189, up 4% on the BSE.

10:51 AM - Indian market will test new lows in the next two months, says Andrew Holland of Ambit Capital on CNBC TV18. Sensex may go down to 8000 levels, he adds.

10:44 AM - Buy SAIL with stop loss of Rs 70 and short-term target of Rs 85, says Sudhanshu Pandey, technical analyst, on NDTV Profit. The stock is currently trading at Rs 74.75, up 1.8% on the BSE.

10:37 AM - In this market buy, keep stop loss and don't try to short-sell, says Sudarshan Sukhani, technical analyst, on CNBC TV18.

10:30 AM - Hold on to SBI for now, says stock market expert on Zee Business. Keep a stop loss of Rs 1105 after which it might go down to 1050-1000, he adds. The stock is currently trading at Rs 1162.30, up 1.4% on the BSE.

10:21 AM - Buy NTPC with stop loss of Rs 165 and target of Rs 175-178, says Sudhanshu Pandey, technical analyst, on NDTV Profit. The stock is currently trading at Rs 169.20, up 1.3% on the BSE.

10:14 AM - Buy HPCL with a target of Rs 280-282, says Anil Singhvi, market expert on CNBC Awaaz. It has good trading momentum, he adds. The stock is currently trading at Rs 277.80, up 1.6% on the BSE.

10:07 AM - The market seems to be in a pull-back mode on opening today. Reliance and ICICI Bank are the heavyweights which seem to be pulling the Nifty along. Sensex is trading at 9154, up 107 points, and Nifty is trading at 2760, up 23 points, from their previous close. CNX Midcap index is up 1.1% and BSE Smallcap index is up 0.8%. The market breadth is positive with advances at 312 against declines of 90 on the NSE.

10:00 AM - Sell Hanung Toys at Rs 44, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. It will see resistance at Rs 60 at which rally re-enter, he adds. The stock is currently trading at Rs 33.80, down 13.2% on the BSE.

9:53 AM - Hold on to GVK Power with stop loss of Rs 17, says market expert on Zee Business. It has resistance at Rs 24-25 at which level book profit, he adds. The stock is at Rs 19.15, up 2.1% on the BSE.

9:46 AM - Nifty will see support at 2710 when market trades today, says Ashwani Gujral, technical analyst, on CNBC TV18. It will have resistance at 2835-2860, he adds.

9:39 AM - Go long on Nifty, says Rajat Bose, technical analyst, on CNBC TV18. He sees support for Nifty at 2700-2733 and resistance at 2796-2812.

9:32 AM - Market will remain range-bound for some time, says Ashwani Gujral, technical analyst, on CNBC TV18. He advises traders to go short at higher levels.

It was a bad day across the globe as Asian markets had severe cuts

2009-01-15T03:45:00.000-08:00

4:00 PM - It was a bad day across the globe as Asian markets had severe cuts while European markets drifted lower. The Indian market also had a bad day but survived with a decent close. Sensex shut shop at 9046, down 323 points and Nifty at 2736, down 98 points from the previous close. CNX Midcap index was down 1.50% and BSE Smallcap index was down 2.16%. The market breadth was negative with advances at 260 against declines of 919 on the NSE. Top Nifty gainers included Grasim and BPCL while losers included Unitech and Tata Communications.

3:55 PM - Hold NIIT Tech, though it is now in a downtrend in a market rally it could go up with a target of Rs 68-70, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 54, down 7.71% on the BSE.

3:52 PM - The market could retest October lows in the next 2-3 months, says Nandan Chakraborty of Enam Securities, on NDTV Profit. We are negative on the banking and IT industry, he adds.

3:50 PM - Sell BHEL with a target of Rs 1200 and stop loss of Rs 1400, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 1358, down 1.52% on the BSE.

3:46 PM - Buy GVK Power with a short-term target of Rs 22-30, says DD Sharma, market expert, on Zee Business. Maintain a stop loss of Rs 18, he adds. The stock is currently trading at Rs 19, up 2.93% on the BSE.

3:41 PM - It was a global fall on equities today. The Indian market had a bad day, but it could have been worse and Sensex held 9000 and Nifty 2700. Sensex closed at 9065, down 305 points (provisional) and Nifty at 2743, down 91 points (provisional) from the previous close. CNX Midcap index was down 1.36% and BSE Smallcap index was down 2.11%. The market breadth was negative with advances at 285 against declines of 889 on the NSE.

3:33 PM - Buy Rolta as it seems in consolidation phase, once it crosses Rs 100 it will see a breakout and be a positive surprise, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 88, down 0.06% on the BSE.

3:26 PM - Buy 2900 January call options at current market price with a stop loss of 2700, says Rajat Bose, technical analyst, on CNBC-TV18, as closing market strategy.

3:24 PM - Can initiate fresh shorts at Nifty 2830-2860, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy. Square off all positions, he adds.

3:18 PM - The bear market rally is over, feels Allan Conway of Schroders, on CNBC TV18. Satyam shares were sold post the Maytas disclosure, he says. We have stopped further increase in India weightage post the Satyam saga, he adds. The market is likely to be in a range for the next 5-6 months with the risk of retesting the October lows, he says.

3:13 PM - In the entertainment space Dish TV looks good, in the banking space HDFC Bank, in the oil and gas space RIL and Cairn India, and Reliance Capital, these are all good stocks to accumulate at lower levels in any market correction for the long term, says Rajesh Tambe, technical analyst, on Zee Business.

3:08 PM - The market is likely to be in a Nifty range of of 2500-3000 for the next six months, says Shrikant Chouhan, technical analyst, on CNBC Awaaz. If there is more bad news those levels could be lower, he feels. Investors should now gradually start accumulating frontline stocks like, RIL, SBI, BHEL and Infosys, he says. With every drop of 200 points on Nifty, one can buy/put 20% of their capital into these stocks, he adds.

3:01 PM - The Asian markets had a bad session today. European markets are under pressure. The Indian market continues to look bad. Sensex is trading at 8991, down 379 points and Nifty is at 2723, down 111 points from the previous close. CNX Midcap index is down 1.88% and BSE Smallcap index is down 2.32%. The market breadth is negative with advances at 218 against declines of 942 on the NSE.

2:52 PM - Sell Tata Motors with a target of Rs 125 and stop loss of Rs 180, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 148, down 5.04% on the BSE.

2:46 PM - HEM Securities maintains a sell call on Grasim Industries with a target of Rs 1210 and stop loss of Rs 1318, reports CNBC Awaaz. The stock is currently trading at Rs 1275, down 0.62% on the BSE.

2:38 PM - Buy Opto Circuits with a long term target of Rs 148, says Sumant Kumar of Karvy Stock Broking, on CNBC Awaaz. The stock is currently trading at Rs 84, down 4.5% on the BSE.

2:36 PM - Sensex falls below 9000 and is currently trading at 8963, down 406 points and Nifty is at 2720, down 114 points from the previous close.

2:30 PM - Buy L&T with a target of Rs 740 and stop loss of Rs 685, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 703, down 0.87% on the BSE.

2:24 PM - HEM Securities maintains a sell call on Aban Offshore with a target of Rs 580 and stop loss of Rs 652, reports CNBC Awaaz. The stock is currently trading at Rs 589, down 8.16% on the BSE.

2:17 PM - Buy Reliance Capital with a target of Rs 460 and stop loss of Rs 398, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 416, down 3.74% on the BSE.

2:10 PM - The market is likely to go close to the October lows (Nifty at 2250) as it is looking weak, says P Phani Sekhar of Angel Broking on CNBC Awaaz. Some bad news may take it to that level but otherwise it has strong support around 2500 on Nifty, he adds.

2:04 PM - The Asian markets continue to look bad. European markets opened positive but slipped into the negative. Sensex is trading at 9050, down 325 points and Nifty is at 2745, down 90 points from the previous close. CNX Midcap index is down 1.57% and BSE Smallcap index is down 1.97%. The market breadth is negative with advances at 243 against declines of 898 on the NSE.

1:56 PM - Hold HDIL with a target of Rs 140 where one can sell and exit the stock, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. The stock has support at Rs 89-90, he adds. It is currently trading at Rs 102, down 3.91% on BSE.

1:46 PM - Hold HDIL with a target of Rs 135 in the near term as it has a limited downside, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 102, down 3.91% on BSE.

1:38 PM - Hold on to JP Associates, or those who don't have it can buy the stock around Rs 50 for the long term, says Rajesh Tambe, technical analyst, on Zee Business. This is a fundamentally excellent stock that one must have in the portfolio as it will give excellent returns, he adds. The stock is currently trading at Rs 65, down 7.25% on the BSE.

1:27 PM - The Asian markets have sunk badly. Poor global cues sees our market also under pressure. Sensex is trading at 9044, down 325 points and Nifty is at 2743, down 91 points from the previous close. CNX Midcap index is down 1.33% and BSE Smallcap index is down 1.91%. There is heavy selling in realty, IT, technology and banking stocks.

1:19 PM - Angel Broking maintains a buy call on Subros with a target of Rs 27, reports Zee Business. The stock is currently trading at Rs 16, down 3% on the BSE.

1:10 PM - KR Choksey Research maintains a buy call on Orchid Chemicals with a target of Rs 123, reports CNBC Awaaz. The stock is currently trading at Rs 80, up 1.7% on the BSE.

12:58 PM - ICICI Securities maintains a buy call on Indraprastha Gas with a target of Rs 142, reports CNBC Awaaz. It is expected to give a return of 34%, it adds. The stock is currently trading at Rs 110.40, up 4% on the BSE.

12:51 PM - Hold on to Indiabulls Real, says Ashish Kapur of Invest Shoppe on CNBC Awaaz. The company has good fundamentals, he adds. The stock is currently trading at Rs 117.35, down 4% on the BSE.

12:44 PM - Exit from NIIT Tech, says Kiran Jadhav, technical analyst, on NDTV Profit. It has crucial support at Rs 54 after which it might go down to Rs 30-20, he adds. It might see some resistance at Rs 65-70, he says. The stock is currently trading at Rs 54.75, down 7.3% on the BSE.

12:37 PM - Exit on rally from Petron Engineering, says Alok Agarwal, market expert, on NDTV Profit. Instead invest into Reliance Industries, he adds. The stock is currently trading at Rs 65, down 9.7% on the BSE.

12:30 PM - Sell BHEL now, says MB Singh, technical analyst, on Zee Business. Buy again at lower levels, he adds. The stock is currently trading at Rs 1340.15, down 2.8% on the BSE.

12:23 PM - Hold on to Bank of Baroda, says Pradeep Surekha, technical analyst, on Zee Business. It has support at Rs 235 and resistance at Rs 300, he adds. The stock is currently trading at Rs 236.75, down 5.6% on the BSE.

12:16 PM - Hold on to TCS with a stop loss of Rs 445, says Kiran Jadhav, technical analyst, on NDTV Profit. It has support at Rs 450 and resistance at Rs 570-590, he adds. The stock is currently trading at Rs 508, down 5.7% on the BSE.

12:09 PM - The market at noon is still struggling with real estate being the real loser. Sensex is trading at 8982, down 388 points, and Nifty is trading at 2723, down 111 points, from their previous close. CNX Midcap index is down 1.8% and BSE Smallcap index is down 2.3%.

12:00 PM - Hold on to Mahindra & Mahindra with a stop loss of Rs 240, says Kiran Jadhav, technical analyst, on NDTV Profit. It has support at Rs 250 and resistance at Rs 350-400, he adds. The stock is currently trading at Rs 314.45, down 1.7% on the BSE.

11:53 AM - Hold on to Reliance Power with a long-term view, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 99.15, down 3.8% on the BSE.

11:46 AM - Stay away from Cairn India, says Sharmila Joshi of Prabhudas Lilladher, on CNBC Awaaz. It is going to be under pressure, she adds. The stock is currently trading at Rs 148.65, down 4.6% on the BSE.

11:39 AM - Hold on to Bajaj Hindustan for the time being with a technical stop loss of Rs 47-48, says Pradeep Surekha, technical analyst, on Zee Business. Exit and then buy at lower levels, he adds. The stock is currently trading at Rs 53.95, down 2.9% on the BSE.

11:32 AM - Hold Ashok Leyland with a stop loss of Rs 12.50-13.00, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has some resistance at Rs 17 after which it might go up to Rs 22, he adds. Exit at this level, he says. The stock is currently trading at Rs 14.20, down 2.7% on the BSE.

11:24 AM - The inflation figure for week ended January 3 has been declared at 5.24% versus the earlier figure of 5.91%, reports NDTV Profit.

11:17 AM - Buy Glenmark Pharma at Rs 245 with a stop loss of Rs 230, says Rajat Bose, technical analyst, on CNBC TV18. It is expected to rise to Rs 280 levels within this month, he adds. The stock is currently trading at Rs 262.05, up 2.8% on the BSE.

11:09 AM - Market still looking rather weak an hour into its opening. The market breadth is negative. Heavyweights like ICICI Bank and Siemens down 9% and 7% respectively. Even the IT stocks are looking weak. Sensex is trading at 8972, down 397 points, and Nifty is trading at 2721, down 114 points from the previous close. CNX Midcap index is down 2.3% and BSE Smallcap index is down 2.4%.

11:00 AM - Sell RNRL on bounce, says Ashish Kapur of Invest Shoppe on CNBC Awaaz. The stock is currently trading at Rs 50.30, down 7.3% on the BSE.

10:53 AM - Sell IFCI at Rs 20, says MB Singh, technical analyst, on Zee Business. Buy again at lower level and then hold on to it, he adds. The stock is currently trading at Rs 19.80, down 3.6% on the BSE.

10:46 AM - Merryl Lynch maintains a buy call on Exide Industries with a target of Rs 62, reports CNBC Awaaz. It is expected to give a return of 42%, it adds. The stock is currently trading at Rs 44.60, up 2.3% on the BSE.

10:38 AM - Sell Unitech with a stop loss of Rs 36, says Pradeep Surekha, technical analyst, on Zee Business. Buy again when it reaches Rs 28, he adds. The stock is currently trading at Rs 32.50, down 7.1% on the BSE.

10:31 AM - Sell RIL with a stop loss of Rs 1200, says Anil Singhvi, market expert, on CNBC Awaaz. It will come down to Rs 1100-1120, he adds. The stock is currently trading at Rs 1122, down 4.7% on the BSE.

10:24 AM - Exit from Jindal Steel & Power at Rs 770, says Pradeep Surekha, technical analyst, on Zee Business. Make fresh investment at Rs 650-670, he adds. It might see some resistance at Rs 900, he says. The stock is currently trading at Rs 796, down 3% on the BSE.

10:17 AM - Sell Sasken Communication on next rally, says Anil Singhvi, market expert, on CNBC Awaaz. The stock is currently trading at Rs 43.30, down 20% on the BSE.

10:10 AM - The market opens with news of Nortel filing for bankruptcy hanging over like a shadow. Dow and Nasdaq fall 3%. Asia too presents an unhappy picture with 4-5% cuts across the region. Sensex is trading at 9020, down 350 points, and Nifty is trading at 2728, down 107 points from the previous close. CNX Midcap index is down 0.9% and BSE Smallcap index is down 1.2%. The market breadth is negative with advances at 31 against declines of 381 on the NSE.

10:03 AM - Hold on to Bank of Baroda, says Pradeep Surekha, technical analyst, on Zee Business. It has support at Rs 235 and resistance at Rs 300, he adds. The stock is currently trading at Rs 250.65, down 0.4% on the BSE.

9:57 AM - Look for long-positions in the market today with a strict stop loss of 2700 levels, says Rajat Bose, technical analyst, on CNBC TV18.

9:50 AM - Buy JP Associates at Rs 65 with a target of Rs 72, says Pradeep Surekha, technical analyst, on Zee Business. Keep a stop loss of Rs 63, he adds. The stock is at Rs 70.35, up 5% on the BSE.

9:43 AM - Market will open gap-down and will have breakdown level at 2749 and resistance at 2884, says Anil Maghnani, technical analyst, on CNBC-TV18.

9:39 AM - Market will see resistance at 2880 and support at 2730, says Vijay Bhambwani, technical analyst, on CNBC TV18.

Sensex shut shop at 9370, up 299 points and Nifty at 2835, up 90 points

2009-01-14T03:33:00.000-08:00

4:00 PM - It was a good day for the market that saw a strong short covering rally in last hour of trade led by the Reliance pack. Sensex shut shop at 9370, up 299 points and Nifty at 2835, up 90 points from the previous close. CNX Midcap index was up 2.36% and BSE Smallcap index was up 1.26%. There was buying in oil & gas, IT and realty stocks. The market breadth was positive with advances at 803 against declines of 385 on the NSE. Top Nifty gainers included Reliance Infrastructure, Reliance Communication and RIL while losers included Grasim, Maruti Suzuki and GAIL.

3:55 PM - Buy Balrampur Chini with a target of Rs 55-72 and stop loss of Rs 43, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 47, up 8% on BSE.

3:50 PM - The market has seen a short covering rally today and Nifty above 2800 is good, says Vijay Bhambwani, technical analyst, on CNBC TV18. Nifty needs to close above 2800 for 2-3 sessions and then it could even go to 2925-2940, he adds.

3:46 PM - Hold Indiabulls Finance with a target of Rs 140-150 in the near term, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 112, down 4.99% on BSE.

3:40 PM - The market closed at the high point of the day led by smart moves on Reliance stocks. Sensex closed at 9403, up 331 points (provisional) and Nifty at 2852, up 107 points (provisional) from the previous close. CNX Midcap index was up 2.35% and BSE Smallcap index was up 1.45%. The market breadth was positive with advances at 810 against declines of 379 on the NSE.

3:36 PM - Buy Nifty 2800 straddle and hold till expiry, says Sudarshan Sukhani, technical analyst, on CNBC-TV18, as closing market strategy.

3:34 PM - Initiate Nifty long with a target of 2870 and stop loss of 2790-2800, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.

3:31 PM - Buy IVRCL Infra with a target of Rs 150-155 in the near term, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 115, up 0.92% on BSE.

3:26 PM - Hold Alok Industries with a target of Rs 20 where one can exit the stock and maintain a stop loss of Rs 14, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. The stock is currently trading at Rs 16, almost flat on BSE.

3:24 PM - Hold GMR Infra with a target of Rs 94 and stop loss of Rs 67, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 76, up 8.16% on BSE.

3:20 PM - HDFC Bank posts Q3 PAT (YoY) at Rs 622 crore versus Rs 429 crore (up 45%), Q3 NII at Rs 1979 crore versus Rs 1438 crore (up 38%), treasurary profit at Rs 180 crore, says Paresh Sukhtankat, ED of the company, on NDTV Profit. The bank has been able to improve NIMs post merger with CBoP and there has been a fee income growth of 40%, he adds. The stock is currently trading at Rs 984, down 0.49% on BSE.

3:16 PM - The market is seeing a pullback rally on the back of short covering, says Siddharth Bhamre of Amgel Broking, on CNBC TV18. Go short around Nifty levels of 2900-2950, he says.

3:10 PM - The worst is yet to come in world markets, says Kirby Daley of Newedge Group, on CNBC TV18. The stimulus package impact on markets almost seems hopeful and childish, he feels. Any rally now till US President Barack Obama takes office should be used as an opportunity to sell out, he adds.

3:06 PM - The market is likely to trade in a range for some time, says Deven Choksey of KR Choksey, on CNBC-TV18. If Nifty moves closer to 2850 then the market could see some fund activity, he adds.

3:00 PM - The Asian markets closed in the positive after four days of pain. The European markets are trading flat. The Indian market continues to look good and is holding on to its gains. Sensex is trading at 9287, up 215 points and Nifty is at 2809, up 63 points from the previous close. CNX Midcap index is up 1.34% and BSE Smallcap index is up 0.71%. The market breadth is positive with advances at 763 against declines of 419 on the NSE.

2:50 PM - KR Choksey Research maintains a buy call on Colgate Palmolive with a target of Rs 474, reports Zee Business. The stock is currently trading at Rs 394, up 1.16% on the BSE.

2:42 PM - Buy Mahindra & Mahindra with a target of Rs 330-342 and stop loss of Rs 300, says Husseini Wadharia of Techno Shares on CNBC Awaaz. The stock is currently trading at Rs 317, up 4.45% on BSE.

2:32 PM - Buy Bank of India with a target of Rs 285 and stop loss of Rs 240, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 256, up 1.77% on BSE.

2:24 PM - Buy IOC with a target of Rs 446-452 and stop loss of Rs 422, says Husseini Wadharia of Techno Shares on CNBC Awaaz. The stock is currently trading at Rs 435, down 0.38% on BSE.

2:16 PM - Buy Axis Bank around Rs 400-450 with a target of Rs 468 after which there can be a fresh upmove, says Rahul Mohindar, technical analyst, on CNBC TV18. Maintain a stop loss of Rs 420, he adds. The stock is currently trading at Rs 445, up 1.18% on BSE.

2:09 PM - The market is trading firm and looking good. Sensex is trading at 9279, up 207 points and Nifty is at 2804, up 59 points from the previous close. CNX Midcap index is up 1.72% and BSE Smallcap index is up 1.04%. All indices are in the positive with buying in IT, oil and gas, metal, realty and technology stocks. The market breadth is positive with advances at 781 against declines of 383 on the NSE.

1:57 PM - Buy ACC around Rs 510 with a target of Rs 532-545 and stop loss of Rs 495, says Husseini Wadharia of Techno Shares on CNBC Awaaz. The stock is currently trading at Rs 518, up 2% on BSE.

1:47 PM - KR Choksey Research maintains a buy call on RCom with a target of Rs 272, reports Zee Business. The stock is currently trading at Rs 171, up 1.85% on the BSE.

1:37 PM - Hem Securities maintains a sell call on ACC with a target of Rs 462 and stop loss of Rs 511, reports CNBC Awaaz. The stock is currently trading at Rs 518, up 2% on BSE.

1:29 PM - The market is likely to go through a difficult phase for the next 2-3 months, says Vibhav Kapoor of IL&FS, on CNBC TV18. The possibility of the market touching the October lows is very much on the cards, he feels. But for the near term the market could be in a range, he adds.

1:21 PM - Sell Prism Cement on any rally and switch to frontline cement stocks like ACC, Grasim or Ambuja Cements, says Ashish Kapoor, CEO of Investshoppe, on Zee Business. Prism is currently trading at Rs 18, up 5.18% on the BSE.

1:11 PM - The Asian markets started sticky but are now looking smart. The Indian market is seeing a firm session led by frontline stocks. Sensex is trading at 9295, up 224 points and Nifty is at 2805, up 60 points from the previous close. CNX Midcap index is up 1.69% and BSE Smallcap index is up 0.46%. The market breadth is positive with advances at 791 against declines of 366 on the NSE.

1:00 PM - Hold on to BHEL for the time being, says Rajish Dhall, technical analyst, on NDTV Profit. It has support at Rs 1150-1175 and resistance at Rs 1560-1600 at which you can exit, he adds. The stock is currently trading at Rs 1371.10, up 0.9% on the BSE.

12:53 PM - Hold on to Reliance Communications, says DD Sharma of Anand Rathi Securities on NDTV Profit. It will give returns of 30% in the next 2-3 years, he adds. Expand portfolio if possible, he says. The stock is currently trading at Rs 171.70, up 2.2% on the BSE.

12:46 PM - Sell GMR Infra, says Rajish Dhall, technical analyst, on NDTV Profit. It has some support at Rs 50 and resistance at Rs 105, he adds. Instead invest in DLF, he adds The stock is currently trading at Rs 72.85, up 2.5% on the BSE.

12:39 PM - Hold on to Wipro for the time being, says Sharmila Joshi of Prabhudas Lilladher, on CNBC TV18. But exit on rally and shift position to TCS or Infosys, she adds. The stock is currently trading at Rs 245.20, up 1.7% on the BSE.

12:32 PM - Hold on to Wockhardt for 3-4 years, says Ashish Kapur of Invest Shoppe, on CNBC Awaaz. He is bullish on this stock for long-term gains. The stock is currently trading at Rs 107, up 0.6% on the BSE.

12:25 PM - Book partial profits on Satyam Computers, says Rajish Dhall, technical analyst, on NDTV Profit. Hold the rest with a stop loss of Rs 18.50, he adds. It may test a range of Rs 50-60, he says. The stock is currently trading at Rs 29.70, down 5% on the BSE.

12:18 PM - Sell Biocon on next rally, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has resistance at Rs 151-160 at which level you can exit, he adds. The stock is currently trading at Rs 115.85, up 0.7% on the BSE.

12:11 PM - Exit from Rolta India at every rise, says Rajish Dhall, technical analyst, on NDTV Profit. It has some support at Rs 60 and might see some resistance at Rs 120, he adds. The stock is currently trading at Rs 85.15, down 2.3% on the BSE.

12:04 PM - Hold on to HDFC with a stop loss of Rs 825, says Rajish Dhall, technical analyst, on NDTV Profit. It will see some resistance at Rs 1150, he adds. The stock is currently trading at Rs 1006.10, up 1.7% on the BSE.

11:57 AM - The market is bold on its gain with the Sensex trading at 9379, up 308 points, and Nifty is trading at 2830, up 86 points. CNX Midcap index is up 2.1% and BSE Smallcap index is up 1.3%. The market breadth is positive with advances at 817 against declines of 295 on the NSE.

11:50 AM - Hold on to Sun Pharma, says Prakash Gabba, technical analyst, on CNBC Awaaz. It has strong support at Rs 1000 and resistance at Rs 1250-1300, he adds. The stock is currently trading at Rs 1122, down 1.1% on the BSE.

11:41 AM - Hold on to Aban Offshore for the time being and then exit on next rally, says Ashish Kukreja, stock market expert on Zee Business. The stock is currently trading at Rs 677, up 2.9% on the BSE.

11:34 AM - Hold on to Dr Reddy's which has support at Rs 340, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has resistance at Rs 520 at which level you may exit, he adds. The stock is currently trading at Rs 467.70, up 3.1% on the BSE.

11:27 AM - Hold on to Glenmark Pharma which has strong support at Rs 215, says Prakash Gaba, technical analyst, on CNBC Awaaz. Buy more at dips for long-term view, he adds. The stock is currently trading at Rs 237.90, up 7.4% on the BSE.

11:20 AM - Hold on to Ranbaxy with a long-term view, says Ashish Kapur of Invest Shoppe on CNBC Awaaz. Fresh investers may buy at dip, he adds. The stock is currently trading at Rs 216.10, down 0.14% on the BSE.

11:13 AM - Hold on to Reliance Communication for now, says Simi Bhaumik, technical analyst, on Zee Business. It has resistance at levels of Rs 179 and Rs 186, she adds. Exit if it does not cross these levels, she says. The stock is currently trading at Rs 174.70, up 4.05% on the BSE.

11:06 AM - The market has maintained some kind of stability an hour into its opening. Midcap is putting on some weight and Petronet LNG has shot up by 10%. Sensex is trading at 9335, up 264 points, and Nifty is trading at 2815, up 70 points from its previous close. CNX Midcap index is up 1.9% and BSE Smallcap index is up 1.2%.

10:58 AM - Hold on to ABG Shipyard with a long-term view, says Ashish Kukreja, stock market expert, on Zee Business. The stock is currently trading at Rs 113, up 1.7% on the BSE.

10:51 AM - Buy GSPL with a target of Rs 42 and stop loss of Rs 28, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 32.80, up 3.8% on the BSE.

10:44 AM - Buy SBI in small numbers with a target of Rs 1225-1230, says Simi Bhaumik, technical analyst, on Zee Business. Maintain a stop loss of Rs 1180-1174, she adds. The stock is currently trading at Rs 1187.80, up 0.9% on the BSE.

10:37 AM - Buy ICICI Bank, says Bharat Dalal, technical analyst of Dawnay Day AV Financial Services, on NDTV Profit. It has support at Rs 435 and resistance at Rs 460, he adds. The stock is currently trading at Rs 443.60, up 4% on the BSE.

10:30 AM - Markets may be in the range of 8000-12000 levels, says R. Amarnath of Centrum Capital on NDTV Profit. Markets to remain volatile for the next 2-3 months, he adds.

10:23 AM - Exit Rolta India on next rally, says Simi Bhaumik, technical analyst, on Zee Business. It faces major resistance at Rs 100-105, she adds. The stock is currently trading at Rs 89.80, up 3.04% on the BSE.

10:16 AM - Market will remain volatile until Friday, says Rajat Bose, technical analyst, on CNBC Awaaz. Do not take any short positions in this market, he adds. Crucial level for Nifty is 2730, he says.

10:09 AM - The market has opened up on a reasonable note today with a gain of 2%. Sensex is trading at 9273, up 202 points, and Nifty is trading at 2796, up 51 points from the previous close. CNX Midcap index is up 1.3% and BSE Smallcap index is up 0.8%. The market breadth is positive with advances at 272 against declines of 82 on the NSE.

10:02 AM - Hold on to Amtek Auto, says Simi Bhaumik, technical analyst, on Zee Business.It has support at Rs 50 and resistance at Rs 65-72, she adds. The stock is currently trading at Rs 54.60, down 0.5% on the BSE.

9:54 AM - Buy ICICI Bank at lower levels, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 365-366 and resistance at Rs 536, he adds. The stock is currently trading at Rs 426.25, down 2.7% on the BSE.

9:47 AM - Hold on to Unitech with a stop loss of Rs 30, says Simi Bhaumik, technical analyst, on Zee Business. It has resistance at Rs 37-38, she adds. The stock is currently trading at Rs 34.10, up 0.2% on the BSE.

9:40 AM - Market will be flat to positive today, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Nifty will see a key support at 2500, he adds.

9:32 AM - Market will see some positive though volatile trading today, says Anil Singhvi, market expert, on CNBC Awaaz. If Sensex maintains a range of 9000-9500 then that should bode well for the market, he adds. Midcap and smallcap will not see much trading today, he says.

Sensex shut shop at 9071, down 38 points and Nifty at 2744, down 28 points

2009-01-13T05:35:00.000-08:00

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.

It was a bad day as metal and realty stocks dragged the market down at close.

2009-01-12T06:08:00.000-08:00

4:02 PM - It was a bad day as metal and realty stocks dragged the market down at close. Sensex shut shop at 9110, down 296 points and Nifty at 2773, down 99 points from the previous close. CNX Midcap index was down 1.38% and BSE Smallcap index was down 1.7%. BSE Metal index and BSE Realty index were both down 5% while BSE IT index and BSE Bankex index were both down 4%. The market breadth was negative with advances at 348 against declines of 842 on the NSE. Top Nifty gainers included Sun Pharma and GAIL while losers included Wipro, SAIL and Tata Steel.

3:57 PM - Marico, HUL and Dabur have been market outperformers and can be bought at current levels, says Rajesh Agarwal of CD Equisearch, on Zee Business. Pharma and FMCG stocks can be used as defensive play in the market, he adds.

3:53 PM - Hold Sun Pharma with a target of Rs 1300 and a stop loss of Rs 990, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1122, up 2% on the BSE.

3:50 PM - The market is seeing a sell off and one should be prepared to sell further if Infosys numbers are below expectations, says Sharmila Joshi of Prabhudas Lilladher, on CNBC Awaaz. At such a time, keep a shopping list ready in a correction of over 100 points, she feels. Then look at buying frontline banking stocks, capital goods and power stocks in such a buying scenario, she adds.

3:44 PM - It was a bad start to the week with the market closing on a weak note. Sensex closed at 9107, down 299 points (provisional) and Nifty at 2768, down 104 points (provisional) from the previous close. CNX Midcap index was down 1.4% and BSE Smallcap index was down 1.7%. The market breadth was negative with advances at 354 against declines of 838 on the NSE.

3:38 PM - The chances of the market moving higher are more than it moving lower, feels Prateek Agarwal, market analyst, on NDTV Profit. The infrastructure space is likely to offer more growth going forward, he adds.

3:35 PM - Buy NTPC Futures/equities and sell tomorrow, says Sudarshan Sukhani, technical analyst, on CNBC TV18, as closing market strategy.

3:33 PM - Nifty likely to test 2660-2550 so hold on to Nifty shorts, says Ashwani Gujral, technical analyst, on CNBC TV18, as closing market strategy.

3:27 PM - Nifty has support at 2750-2730 and if that is broken then there will be a 100 point slide and we could see levels of 2600-2620, says Rahul Mohindar, technical analyst, on CNBC TV18. The market could retest October lows and 2500 on Nifty is not ruled out, he adds.

3:19 PM - Sell Educomp Solutions with a target of Rs 1700-1500 and a stop loss of Rs 2300, says Hardik Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2051, down 3.6% on the BSE.

3:10 PM - If Nifty closes below or around 2710 then there will be huge weakness going forward, says Salil Sharma, technical analyst, on CNBC Awaaz.

3:04 PM - The market is now looking bad. Sensex is trading at 9086, down 319 points and Nifty is at 2767, down 105 points from the previous close. CNX Midcap index is down 1.55% and BSE Smallcap index is down 1.56%. There is selling in realty, metal and power stocks.

2:54 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 35, down 0.69% on the BSE.

2:46 PM - Sell ICICI Bank with a target of Rs 403 and a stop loss of Rs 490, says Hardik Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 450, down 0.87% on the BSE.

2:36 PM - Aptech is a sell on rallies as the stock is likely to go down to Rs 50 in any market correction, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 76, down 3.58% on the BSE.

2:29 PM - Buy Cipla with a target of Rs 203 with a stop loss of Rs 180, says Hardik Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 184, down 1.94% on the BSE.

2:20 PM - Praj Industries is a buy on dips for the long term, around Rs 40 is a good price to accumulate the stock, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 57, up 0.53% on the BSE.

2:11 PM - Buy Infosys with a target of Rs 1400 and a stop loss of Rs 1100, says Hardik Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1180, down 1.26% on the BSE.

2:03 PM - The Europeam markets have opened in the negative. Our market continues to trade weak. Sensex is trading at 9190, down 260 points and Nifty is at 2789, down 83 points from the previous close. CNX Midcap index is down 0.69% and BSE Smallcap index is down 1.09%. The market breadth is negative with advances at 378 against declines of 787 on the NSE.

1:55 PM - Citigroup maintains a buy call on Infosys with a target of Rs 1350, reports CNBC Awaaz. The stock is currently trading at Rs 1176, down 1.60% on the BSE.

1:47 PM - Bharati Airtel is a sell on rallies as the stock is likely to go down to Rs 350-400 on a market correction, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 622, down 2.38% on the BSE.

1:40 PM - HEM Securities maintains a sell call on Sterlite Industries with a target of Rs 232 and stop loss of Rs 290, reports CNBC Awaaz. The stock is currently trading at Rs 253, down 7.11% on the BSE.

1:29 PM - Centrum Broking maintains a buy call on Balrampur Chinni with a target of Rs 54, reports Zee Business. The stock is currently trading at Rs 48, down 0.62% on the BSE.

1:21 PM - Sensex will find it very difficult to go past 12500 and is likely to be in a range for almost a year with the downside being 8000, says Ruchir Sharma of Morgan Stanley, on CNBC TV18.

1:21 PM - Buy Dena Bank with a target of Rs 45 and a stop loss of Rs 32, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 35, down 2.09% on the BSE.

1:09 PM - The Asian markets are trading weak. The Indian market is trading sticky. Sensex is trading at 9145, down 260 points and Nifty is at 2778, down 94 points from the previous close. CNX Midcap index is down 0.81% and BSE Smallcap index is down 1.11%. The market breadth is negative with advances at 402 against declines of 743 on the NSE.

12:57 PM - SMC Global maintains a buy call on BPCL with a target of Rs 435 and stop loss of Rs 351, reports CNBC Awaaz. The stock is currently trading at Rs 363.10, down 4.7% on the BSE.

12:50 PM - Kotak Securities maintains a buy call on Tata Power with a target of Rs 1140, reports CNBC Awaaz. It is expected to give a return of 52%, it adds. The stock is currently trading at Rs 726, down 3% on the BSE.

12:43 PM - Hem Securities maintains a sell call on DLF with a target of Rs 190 and stop loss of Rs 225, reports CNBC Awaaz. The stock is currently trading at Rs 206, down 5.3% on the BSE.

12:36 PM - Hold on to Bharti Airtel for now, says Rajesh Tambe of Sunchan Securities on Zee Business. It has good potential, he adds. The stock is currently trading at Rs 619.95, down 2.7% on the BSE.

12:29 PM - Buy Wipro at below Rs 200, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 226, down 10% on the BSE.

12:22 PM - Hold on to Ispat Industries or else book loss, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 11.07, down 0.45% on the BSE.

12:15 PM - India Nov IIP growth has been declared up at 2.4%, reports NDTV Profit. Mining output is up 0.5%, electrity output up 3.1% and consumer goods up 4.4%, it adds.

12:06 PM - Hold on to Infosys and do fresh buying on dips, says Ashish Kapur of Invest Shoppe on NDTV Profit. The stock is currently trading at Rs 1186.20, down 0.7% on the BSE.

11:58 AM - Hold on to Wipro, says Hemen Kapadia, technical analyst, on NDTV Profit. It has support at Rs 228 and resistance at Rs 264, he adds. The stock is currently trading at Rs 226, down 10% on the BSE.

11:51 AM - India Infoline maintains a buy call on Allied Digital Services with a target of Rs 475, reports CNBC Awaaz. It is expected to give a return of 43% at the current levels, it adds. The stock is currently trading at Rs 359.90, up 6% on the BSE.

11:44 AM - Buy Reliance Power at Rs 80-90 with long-term view, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 103.90, down 2.8% on the BSE.

11:37 AM - Unfair to avoid Indian stocks because one company has done something wrong, says Adrian Movat of JP Morgan, on CNBC TV18. He was commenting on the Satyam Computers fraud.

11:30 AM - Buy Punj Lloyd at around Rs 100-110, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 116, up 7% on the BSE.

11:22 AM - Buy L&T which has good potential for the next 12 months, says Vijay Bhambwani, technical analyst, on CNBC TV 18. The stock is currently trading at Rs 698.90, down 3% on the BSE.

11:15 AM - An hour into opening, the market is looking weak with Nifty down 3%. Sensex is trading at 9183, down 223 points, and Nifty is trading at 2794, down 78 points, from the previous close. CNX Midcap is down 0.6% and BSE Smallcap index is down 0.73%. The market breadth is negative with advances of 350 as against declines of 703 on the NSE.

11:04 AM - Hold on to Punjab National Bank which has very good potential, says Rajesh Tambe of Sunchan Securities on Zee Business. The stock is currently trading at Rs 475, down 2% on the BSE.

10:57 AM - Wipro stocks tumble down by 11% after the company's disclosure that the World Bank has determined it to be ineligible to contest direct contracts from it for the period 2007-2011, reports CNBC TV18. The stock is currently trading at Rs 223 on the BSE.

10:51 AM - Hold on to Tanla Solutions, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. It will see resistance at Rs 70-75, he adds. The stock is currently trading at Rs 57.60, down 3.1% on the BSE.

10:44 AM - CLSA maintains a buy call on Zee Entertainment with a target of Rs 180, reports CNBC Awaaz. It is expected to give a return of 38% in the current levels, it adds. The stock is currently trading at Rs 126, down 2.7% on the BSE.

10:37 AM - Markets still remain in bearish trend, says Ajay Bagga of Lotus India Asset Management, on NDTV Profit. Expect minor pullback rally post the Q3 results, he adds.

10:30 AM - Hold on to DLF and sell on next rally, says Anil Singhvi, market expert on CNBC Awaaz. Do not indulge in any fresh buying now, he adds. The stock is currently trading at Rs 211.30, down 2.9% on the BSE.

10:21 AM - Hold on to IVRCL, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. It will see resistance at Rs 90-95, he adds. The stock is currently trading at Rs 116, down 3.8% on the BSE.

10:14 AM - Sell Unitech at around Rs 45, Anil Singhvi, market expert on CNBC Awaaz. Do not indulge in any fresh buying now, he adds. The stock is currently trading at Rs 35.70, down 0.5% on the BSE.

10:07 AM - The Indian market has opened in the negative with both Sensex and Nifty down 1%. Sensex is trading at 9299, down 1.1%, and Nifty is trading at 2833, down 1.4%, from the previous close. CNX Midcap index is down 0.06% and BSE Smallcap index is down 0.1%.

9:58 AM - Nifty will see resistance at 2938 and support at 2750-2825, says Anil Maghnani, technical analyst, on CNBC TV18.

9:51 AM - Hold on to Nagarjuna Construction, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. It will see resistance of Rs 70-75 on the upside and Rs 40-45 on the downside, he adds. The stock is at 59, down 17.4% on the BSE.

9:44 AM - Market will see volatile trading today, says Rajat Bose, technical analyst, on CNB TV18. Nifty will see support at 2830 and resistance at 2932, he adds. On crossing the resistance level, it could go up to 2950-2970, he says.

9:37 AM - Buy Dena Bank with a target of Rs 45 and stop loss of Rs 32, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is at Rs 35.80, up 2.7% on the BSE.

9:30 AM - Market will see a weak start today after the weekend, down 1-1.5%, says Anil Singhvi, market expert on CNBC Awaaz. Sensex will see support at 9000-9200 and resistance at 9500-9700, he adds.

Sensex and Nifty were both down 5.75%

2009-01-09T04:55:00.000-08:00

4:31 PM - It was an unusual week for the Indian market that saw the country's poster boy IT company, Satyam Computers, confessing to a fraud of Rs 7000 crore. This event killed the market momentum and sent it crashing with FIIs and sentiments turning negative. Experts feel the market was looking for a correction after the recent run-up and found it in the Satyam issue. Now the market may be ranged as result season begins next week. This week's poor figures, thus are: Sensex and Nifty were both down 5.75%. BSE Midcap index down 9.2%, BSE Smallcap index down 8% over the week. BSE Realty index was down 24%, BSE Tech index down 10%, BSE Consumer Goods index down 9.25%, BSE Oil & Gas index down 7.25% and BSE Power index down 6.75%.

4:25 PM - Poor global cues saw the Indian market end weak after a volatile day. Sensex shut shop at 9406, down 180 points and Nifty at 2873, down 47 points from the previous close. CNX Midcap index was down 2.96% and BSE Smallcap index was down 2.92%. There was selling in metal, realty and capital goods space. The market breadth was negative with advances at 228 against declines of 989 on the NSE. Top Nifty gainers included TCS, Sun Pharma and NTPC while losers included Sataym Computers, Siemens and SAIL.

4:20 PM - Hold IVRCL Infra as it has a target of Rs 140-150 in one to two months, says Pankaj Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 120, down 1.15% on the BSE.

4:15 PM - Buy Grasim Industries around Rs 1240 with a target of Rs 1420 and stop loss of Rs 1180, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1360, up 1.83% on the BSE.

4:10 PM - Hold Nagarjuna Construction for the long term and buy more on dips around Rs 50, says Pankaj Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 59, down 17.38% on the BSE.

4:06 PM - In the auto space, buy Maruti Suzuki for good short-term returns, says Rahul Mohindar, technical analyst, on CNBC Awaaz. In the banking space, buy SBI and ICICI Bank as they look good but avoid the real estate and IT sector for now, he adds.

4:00 PM - DLF, Unitech, L&T and IVRCL Infra, all these stocks offer excellent investment opportunities at current valuations, says Amit Dalal of Amit Nalin Securities on CNBC TV18.

3:53 PM - Book profits at higher levels in any rally and sit on cash till a clear picture emerges, says Gaurang Shah of Geojit Financials, on CNBC Awaaz. Results season kicks in next week with Infosys results the first to come on January 13, he says. Buy metal stocks (as a contrarian call), like Tata Steel and JSW Steel, he adds.

3:46 PM - It is a good time to start buying into select large cap stocks as Nifty is unlikely to go below 2700, says Ambareesh Baliga of Karvy Stock Broking on Zee Business. Next week Nifty could go towards 3200-3250, he adds.

3:40 PM - It was a volatile session and market ended weak. Sensex closed at 9390, down 196 points (provisional) and Nifty at 2868, down 51 points (provisional) from the previous close. CNX Midcap index was down 2.09% and BSE Smallcap index was down 2.08%. The market breadth was negative with advances at 265 against declines of 944 on the NSE.

3:30 PM - Hold on to Nifty longs with a stop loss of 2825, says Anil Manghnani, technical analyst, on CNBC TV18, as closing market strategy.

3:27 PM - Buy Dabur India around Rs 85 with a target of Rs 95 and stop loss of Rs 80, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 88, up 1.15% on the BSE.

3:23 PM - FII trends have now turned negative and the market is now unlikely to see a pullback, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. Nifty is now likely to trade in the range of 2700-2800 as the results season arrives, he feels. There will be heavy news flows for the market to digest, he adds.

3:17 PM - It will be easier for the market to fall below 2800 on Nifty and one can expect newer lows now, says Sudarshan Sukhani, technical analyst, on CNBC TV18.

3:16 PM - The market is now likely to tread a new course after the Satyam setback, says Rahul Mohindar, technical analyst, on CNBC Awaaz. Maintain a stop loss of 2800 for Nifty which is a crucial support level and hold on till a clear picture emerges, he adds.

3:12 PM - On Monday, if Nifty closes above 2820 then the next level could be 2920-2940, says Vijay Bhambwani, technical analyst, on CNBC TV18. Maintain a stop loss of 2800, he feels. For one week, if Nifty stays above 2800, then it is good to go to 3000, he adds.

3:06 PM - The market is still trading weak. Sensex is trading at 9449, down 132 points and Nifty is at 2878, down 42 points from the previous close. CNX Midcap index is down 3.03% and BSE Smallcap index is down 3.06%. The market breadth is negative with advances at 213 against declines of 984 on the NSE.

2:55 PM - Buy HUL with a target of Rs 270 and stop loss of Rs 230, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 263, up 4.75% on the BSE.

2:48 PM - In the power space, hold or buy PTC and JP Hydro for the long term, says Rajesh Tambe, technical analyst, on Zee Business.

2:40 PM - Buy Hindustan Zinc with a target of Rs 430 and stop loss of Rs 320, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 387, down 7.66% on the BSE.

2:34 PM - Sharekhan maintains a buy call on 3i Infotech with a target of Rs 79, reports Zee Business. The stock is currently trading at Rs 34, down 4.12% on the BSE.

2:27 PM - Buy TCS with a target of Rs 570 and stop loss of Rs 480, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 535, up 6.2% on the BSE.

2:20 PM - The Indian market will do well in the long term of 3-5 years, says Upendra Kulkarni, market expert, on CNBC Awaaz. Commodity prices, oil, inflation and interest rates are down, so the larger picture will improve once elections are announced and correction is over, he feels. One can go long on large cap stocks like Infosys (in IT), BHEL (in capital goods) and SBI (in banking space), he adds.

2:12 PM - Nifty is seeing short covering at lower levels and forming a base at 2800, says Vijay Bhambwani, technical analyst, on CNBC TV18. Maintain a stop loss of 2800 and go long on Nifty and test the waters, he feels. One can go long on L&T and Tata Power and short on DLF and Unitech, he adds.

2:01 PM - The European markets opened positive but are now trading weak. The Indian market has seen a slight recovery. Sensex is trading at 9470, down 116 points and Nifty is at 2877, down 42 points from the previous close. CNX Midcap index is down 3.26% and BSE Smallcap index is down 3.178%. The market breadth is negative with advances at 183 against declines of 1008 on the NSE.

1:55 PM - Sharekhan maintains a buy call on Bharati Airtel with a target of Rs 985, reports Zee Business. The stock is currently trading at Rs 630, down 2.87% on the BSE.

1:49 PM - Sell TTML as it looks weak and switch to Reliance Communications or Idea that are better in the telecom space, says Rajesh Tambe, technical analyst, on Zee Business. TTML is currently trading at Rs 21, down 1.15% on the BSE.

1:41 PM - The government will take firm action against striking oil officers, says Home Minister P Chidambaram, on CNBC TV18. NBFCs liquidity needs seen at Rs 20,000 crore now and RBI to give liquidity to NBFC via the IDBI's stressed fund.

1:33 PM - Citigroup maintains a buy call on Infosys with a target of Rs 1350, reports CNBC Awaaz. The stock is currently trading at Rs 1219, up 2.7% on the BSE.

1:24 PM - Pinc Research maintains a buy call on ABG Shipyard with a target of Rs 195, reports Zee Business. The stock is currently trading at Rs 104, down 4.81% on the BSE.

1:15 PM - HSBC downgrades L&T to neutral from overweight with a target price of Rs 882 from Rs 1250, reports CNBC TV18. The stock is currently trading at Rs 715, down 7.77% on the BSE.

1:03 PM - The market looks weak at this point with both Nifty and Sensex down 2.5%. Sensex is trading at 9331, down 255 points, and Nifty trading at 2841, down 79 points, from the previous close. CNX Midcap is down 3.9% and BSE Midcap is down 4%. The market breadth is negative with advances at 150 as against a decline at 1028.

12:53 PM - Exit from Unitech without seeing any support or resistance level, says Satish Kannav of Arihant Capital Market Ltd. on NDTV Profit. The stock is currently trading at Rs 31.40, down 13.7% on the BSE.

12:47 PM - Hold on to Infosys which will see support at Rs 1025-1070, says technical analyst on CNBC Awaaz. The stock is currently trading at Rs 1224, up 3.1% on the BSE.

12:40 PM - SMC Global maintains a buy call on IDBI Bank with a target of Rs 75 and stop loss of Rs 62, reports CNBC Awaaz. The stock is currently trading at Rs 65.35, down 1.1% on the BSE.

12:33 PM - Buy SAIL which has support at Rs 77, says Satish Kannav of Arihant Capital Market Ltd. on NDTV Profit. It has resistance at Rs 95, he adds. The stock is currently trading at Rs 81.10, down 6.8% on the BSE.

12:26 PM - Hem Securities maintains a sell call on Bank of Baroda with a target of Rs 255 and stop loss of Rs 283, reports CNBC Awaaz. The stock is currently trading at Rs 275.10, up 0.3% on the BSE.

12:19 PM - Hold on to ABB with a stop loss of Rs 465, says PK Agarwal, market expert, on Zee Business. Do part-profit booking at Rs 550, he adds. The stock is currently trading at Rs 491.50, up 2% on the BSE.

12:12 PM - Market is under pressure, hovering around 2800. Sensex is trading at 9411, down 175 points, and Nifty trading at 2860, down 60 points, from the previous close. BSE Midcap is down 4% and CNX Midcap is down 3.9%.

12:03 PM - The inflation figures for the week ending Dec 27 has been declared at 5.91%, down from the previous figure of 6.38%, reports NDTV Profit. Inflation below 6% for the first time since Feb '08, it adds.

11:57 AM - SMC Global maintains a buy call on Glenmark Pharmaceuticals with a target of Rs 330 and stop loss of Rs 242, reports CNBC Awaaz. The stock is currently trading at Rs 256.10, down 6.2% on the BSE.

11:50 AM - Hold on to Patni Computer which will see stiff resistance at Rs 210 at which level one can exit, says P.Phani Sekhar of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 119, down 6.2% on the BSE.

11:43 AM - Hold on to ITC with a stop loss of Rs 160, says PK Agarwal, market expert, on Zee Business. Do part-profit booking at that level, he adds. The stock is currently trading at Rs 169.50, up 0.7% on the BSE.

11:37 AM - Hem Securities maintains a sell call on Kotak Bank with a target of Rs 320 and stop loss of Rs 275, reports CNBC Awaaz. The stock is currently trading at Rs 329.95, down 9.3% on the BSE.

11:30 AM - Hold on to Mastek Ltd. for now, says P. Phani Sekhar of Angel Broking on CNBC Awaaz. Exit at rally and invest in large cap stocks, he adds. The stock is currently trading at Rs 150, down 8.5% on the BSE.

11:23 AM - Hold on to DLF with a stop loss of Rs 225, says PK Agarwal, market expert, on Zee Business. It has support at Rs 200-225, he adds. The stock is currently trading at Rs 148, down 37% on the BSE.

11:17 AM - India should not be adversely affected if one company has accounts irregularity, says Adrian Movat of JP Morgan on NDTV Profit, referring to the Satyam Computers fiasco.

11:10 AM - The market looks fairly choppy an hour after opening. The Sensex is trading at 9484, down 103 points, and Nifty trading at 2883, down 35 points, from the previous close. CNX Midcap was down 1.9% and BSE Midcap down 2.3%. The market breadth was negative with advances at 160 versus a decline of 937.

11:03 AM - Hold on to Bharat Electronics Ltd. with a stop loss of Rs 742-745, says Simi Bhaumik, technical analyst, on Zee Business. Book profit at Rs 790, she adds. The stock is currently trading at Rs 785, up 1.9% on the BSE.

10:56 AM - Hold on to Reliance Communications with a long-term view, says PK Agarwal, market expert, on Zee Business. It might see a support of Rs 180 on the downside, he adds. One can exit at next rally, he suggests. The stock is currently trading at Rs 201.20, down 2.6% on the BSE.

10:49 AM - Hold on to GVK Power with a stop loss of Rs 16.90, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 18.60, down 0.3% on the BSE.

10:42 AM - Sectors that are strong in terms of investment are banks and financial institutions, says Adrian Movat of JP Morgan on NDTV Profit. Also good are property stocks, auto and cement, he adds.

10:35 AM - Buy Rohit Ferro at Rs 21 with a stop loss of Rs 17.95, says Simi Bhaumik, technical analyst, on Zee Business. Not much correction seen in stock, she adds. The stock is currently trading at Rs 22.30, down 5% on the BSE.

10:29 AM - Buy Infosys which has support at Rs 1060 and resistance at Rs 1350, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1228.50, up 3.5% on the BSE.

10:23 AM - Hold on to Tata Steel which has strong support at Rs 205-210, says Simi Bhaumik, technical analyst, on Zee Business. Exit at Rs 260, she adds. The stock is currently trading at Rs 233.50, down 0.06% on the BSE.

10:15 AM - The market has opened with both Sensex and Nifty off the last day's low, recovering by 1.5% each. The CNX Midcap is down 1.7%. The market breadth is negative, with advance at 84 as against declines of 352.

10:08 AM - Buy TCS which has support at Rs 460 and resistance at Rs 555, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is at Rs 495, down 1.7% on the BSE.

10:01 AM - Sell IFCI with a stop loss of Rs 19.80, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 21.20, down 15% on the BSE.

9:50 AM - Sensex and Nifty have announced removal of Satyam Computers from their list from Monday, reports CNBC Awaaz.

9:39 AM - Sensex will see strong support at 9200 when market opens two days after the Satyam Computers fiasco, says Anil Singhvi, market expert, on CNBC Awaaz. There will be volatile but range-bound trading later today, he adds.

Sensex shut shop at 9586, down 749 points and Nifty at 2920, down 192 points from the previous close

2009-01-07T09:51:00.000-08:00

4:02 PM - India's premier IT company Satyam admitted to a fraud of Rs 7000 crore sending shock waves in corporate India and plunging the market into a downward spiral. Sensex shut shop at 9586, down 749 points and Nifty at 2920, down 192 points from the previous close. CNX Midcap index was down 7% and BSE Smallcap index was down 6.29%. All indices closed in the negative with BSE Realty index taking a hit of 16% and BSE IT index down 9%. The market breadth was negative with advances at 98 against declines of 1143 on the NSE. Top Nifty gainers were HUL, Infosys and Wipro while losers included Satyam, Suzlon and Unitech.

3:56 PM - The market is unlikely to move above 2960-3000 on Nifty in a hurry, says Ashwani Gujral, technical analyst, on CNBC-TV18. It is not advisable to buy now, instead one should use every rally as an opportunity to exit longs, he adds.

3:54 PM - The market will move beyond Satyam post Friday (tomorrow market is closed on account of Moharram) and look at global cues and results, feels Subramanyam Pisupati of Ventura Securities, on NDTV Profit. Satyam is currently trading at Rs 39, down 77% on the BSE.

3:50 PM - Every crisis is an opportunity and now quality stocks are available at good valuations, says DD Sharma, technical analyst, on CNBC Awaaz. SBI, Central Bank of India and IDFC can be accumulated for the long term at current levels as their fundamentals are intact, he adds.

3:43 PM - It was a terrible day for the market that tumbled as India's IT poster boy Satyam came out with a fraud of Rs 7000 crore. Sensex crashed to 9580, down 755 points (provisional) and Nifty at 2918, down 194 points (provisional) from the previous close. CNX Midcap index was down 6.95% and BSE Smallcap index was down 6.24%. The market breadth was negative with advances at 102 against declines of 1136 on the NSE.

3:35 PM - The market was coiling like a spring and the Satyam fraud has acted in making the intermediate top to the market, says Ashwani Gujral, technical analyst, on CNBC TV18. Now Nifty could test 2600-2500, he adds.

3:31 PM - The Satyam fraud is a rude shock to the corporate face of India, says Nirmal Jain of India Infoline, on CNBC TV18. Investors have lost confidence and the faith of shareholders has been broken, he says. SEBI and the regulators must now act swiftly and decisively to bring the criminals to book to send the correct signal to all, he adds.

3:25 PM - Karvy Stock Broking has a buy call on PNB with a target price of Rs 627, reports Zee Business. The stock is currently trading at Rs 489, down 7.6% on the BSE.

3:20 PM - The larger question now is to take 'swift' action by regulatory bodies to safeguard investor interest of Satyam post the fraud, says M Damodaran, former SEBI chairman, on CNBC TV18. ICAI needs to send its experts to examine the details, he says. The need is to put in an interim management in place, he adds.

3:10 PM - The market after a long-trot up was looking for a reason for correction and the Satyam fiasco is 'good' in that sense, says Kunj Bansal of Kotak Securities, on NDTV Profit. In the long-term it may not be good, as investor confidence was returning and is now shaken, he says. But on the positive side, those investors who were left out in the upside can now return, he adds.

3:02 PM - The market is now trading in a range, after digesting the Satyam fraud. Sensex is trading at 9658, down 677 points and Nifty is at 2929, down 183 points from the previous close. CNX Midcap index is down 6.65% and BSE Smallcap index is down 5.83%. The market breadth is negative with advances at 93 against declines of 1138 on the NSE.

2:55 PM - SEBI and the government of India should take tough and swift action against Satyam to send a strong signal to FIIs that such frauds are unacceptable, says NR Narayan Murthy, chairman of Infosys, on NDTV Profit. This is unlikely to affect the IT face of India as all are aware that there are a few bad apples in every space, he feels. But now we can expect further scrutiny from clients and the issue of corporate governance will be the key, he says. We are willing to walk that extra mile and are not worried for further scrutiny as we already have a culture of honesty and transparency, he says.

2:47 PM - There is no confidence left in Satyam and it would not be surprising if one would see Rs 25 today on the stock, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Nifty has strong support at 2800 and then at 2500-2525, he adds. The lower levels would be a buying opportunity in the market, he says.

2:39 PM - Karvy Stock Broking has a buy call on ACC with a target price of Rs 530, reports Zee Business. The stock is currently trading at Rs 511, down 6.23% on the BSE.

2:31 PM - The Satyam fiasco is an unfortunate trigger that has taken the market down, says Gaurang Shah of Geojit Financials, on CNBC Awaaz. But Nifty is likely to test the October lows, as it has support at 2800 and in a worse case scenario it can go down to 2635, he adds. Satyam is currently trading at Rs 37, down 80% on the BSE.

2:18 PM - CLSA maintains a buy call on Bharati Airtel with a target of Rs 960, reports CNBC Awaaz. The stock is currently trading at Rs 628, down 4.29% on the BSE.

2:08 PM - The market continues to trade weak as the Satyam woes continue. Sensex is trading at 9586, down 749 points and Nifty is at 2912, down 200 points from the previous close. CNX Midcap index is down 7.43% and BSE Smallcap index is down 6.69%. BSE Realty index is down 17% and BSE IT Index is down 10%. The market breadth is negative with advances at 74 against declines of 1152 on the NSE.

1:56 PM - Crnindia.com maintains a buy call on Everest Kanto with a target of Rs 200 and stop loss of Rs 152, reports CNBC Awaaz. The stock is currently trading at Rs 175, down 6.66% on the BSE.

1:45 PM - The government will take co-ordinated action with SEBI after taking into account all information from Sataym, says PC Gupta, Minister of Corporate Affairs, on CNBC TV18. Need to examine role of the directors and auditors of the company, he adds. Satyam is currently trading at Rs 48, down 72.67% on the BSE.

1:33 PM - SMC Global Securities 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 68, down 5.34% on the BSE.

1:24 PM - The Asian markets are trading mixed. The Sataym fraud of Rs 7000 crore has sent the market down. Sensex is trading at 9771, down 564 points and Nifty is at 2962, down 149 points from the previous close. CNX Midcap index is down 5.53% and BSE Smallcapindex is down 5.18%. The market breadth is negative with advances at 93 against declines of 1103 on the NSE.

1:15 PM - Punj Lloyd has bagged orders worth Rs 264 crore, reports CNBC TV18. The stock is currently trading at Rs 143, down 11.01% on the BSE.

1:03 PM - SMC Global maintains a buy call on Bombay Rayon with a target of Rs 190 and stop loss of Rs 117, reports CNBC Awaaz. The stock is currently trading at Rs 133, down 5.3% on the BSE.

12:54 PM - crnindia.com maintains a buy call on Alok Industries with a target of Rs 25 and stop loss of Rs 18, reports CNBC Awaaz. The stock is currently trading at Rs 17.90, down 7% on the BSE.

12:47 PM - Satyam Computers fraud is unfortunate but it will have only a short-term negative reaction, says Samir Arora of Helios Capital on CNBC TV18. The stock is currently trading at Rs 58.40, down 67% on the BSE.

12:41 PM - Satyam Computers fraud to leave a huge impact on FII/FDI sentiments, says Shankar Sharma of First Global on CNBC-TV18. Stock expected to fall to Rs 30-10, he adds. The stock is trading at Rs 62.40, down 65% on the BSE.

12:33 PM - SEBI is in touch with stock exchanges for co-ordinated action in case of Satyam Computers, says SEBI chief CB Bhave on CNBC-TV 18. The stock is currently trading at Rs 72, down 60% on the BSE.

12:24 PM - Hold on to Satyam Computers for the moment till the stock settles down again, says Ambareesh Baliga of Karvy Stock Broking on CNBC Awaaz, The stock is currently trading at Rs 76, down 57% on the BSE.

12:15 PM - Hem Securities maintains a sell call on DLF with a target of Rs 253 and stop loss of Rs 285, reports CNBC Awaaz. The stock is currently trading at Rs 245.90, down 12.1% on the BSE.

12:08 PM - The market at noon has seen a downfall of 4.5% because of the ongoing Satyam crisis. Sensex is trading at 9837, down 498 points, and Nifty trading at 2967, down 145 points, from the previous close. CNX Midcap is down 4.6% and BSE Midcap is down 4%.

12:01 PM - Hem Securities maintains a sell call on Jet Airways with a target of Rs 175 and stop loss of Rs 205, reports CNBC Awaaz. The stock is currently trading at Rs 188, down 4.4% on the BSE.

11:52 AM - Satyam Computers may slip to Rs 100-80 in a day or two, says Gaurang Shah of Geojit Financials, on Zee Business. The stock is currently trading at Rs 95.95, down 47% on the BSE.

11:45 AM - Hem Securities maintains a sell call on Sun TV with a target of Rs 170 and stop loss of Rs 187, reports CNBC Awaaz. The stock is currently trading at Rs 176.60, down 3.2% on the BSE.

11:38 AM - Satyam Computer's Chairman Ramalinga Raju has resigned from the Board, reports CNBC Awaaz. The effect of this news is seen on the stock, which is currently trading at Rs 151, down 15.7% on the BSE.

11:31 AM - Hold on to RPL which has resistance at Rs 94-95 and then can go up to Rs 125-130, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 90.60, down 0.5% on the BSE.

11:24 AM - One can hold on to MTNL which might show some resistance at Rs 85 and then break out to reach Rs 100, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 80.70, down 0.2% on the BSE.

11:17 AM - The market is quiet an hour after opening with Nifty going into the red at 5.3 points trading at 3108, and Sensex up 12 points trading at 10347, from the previous close. CNX Midcap is up 0.2% and BSE Midcap is up 0.4%.

11:12 AM - Kotak maintains a buy call on Union Bank with a target of Rs 230, reports CNBC Awaaz. The stock is expected to give a return of 42%, it adds. The stock is currently trading at Rs 155.90, down 3.8% on the BSE.

10:53 AM - One can buy SBI which will show strong support at Rs 1205, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 1290, down 2.6% on the BSE.

10:53 AM - One can buy Sun Pharma with a strict stop loss of Rs 970, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 1060, up 1.8% on the BSE.

10:45 AM - One can expect a fall in the IT sector in FY10, says JP Morgan on Zee Business. The fall may be from 8-14%, it adds.

10:39 AM - One can buy GSK Pharma which has support at Rs 1100-1120, says Anil Singhvi, market expert on CNBC Awaaz. The stock is currently trading at Rs 1149.95, up 0.4% on the BSE.

10:33 AM - One may do profit booking at rally for PNB and SBI, says Rajat Bose, technical analyst, on CNBC Awaaz.

10:28 AM - Nifty will see support at 3050-2980 and resistance at 3168-3187, says Anil Maghnani, technical analyst, on CNBC-TV18. One can do profit booking, he adds.

10:22 AM - One can buy Renuka Sugar with a target of Rs 94 and stop loss of Rs 70, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 77.65, up 1.1% on the BSE.

10:15 AM - Nifty will see a target of 3200 and day traders should maintain a stop loss of 3080, says Rahul Mohindar, technical analyst, on CNBC Awaaz.

10:09 AM - The market has opened up with Sensex trading 111 points higher at 10447 and Nifty 24 points higher at 3133, from the previous close. CNX Midcap is down 0.6% and BSE Midcap is up 0.95%. The market breadth is positive with advances of 434 versus a decline of 63.

10:02 AM - Hold on to Hindustan Zinc for now but look at exiting the stock at its resistance level of Rs 445, says Hormuz Maloo, technical analyst with Geojit Financial Services, on CNBC Awaaz. The stock is currently trading at Rs 421.20, up 9.3% on the BSE.

9:55 AM - One can buy Tata Power with a target of Rs 825-830 but maintain a strict stop loss, says Anil Singhvi, market expert on CNBC Awaaz. The stock is at Rs 804.70, down 3% on the BSE.

9:47 AM - Hold on to Bartronics India which has support at Rs 88, says Hormuz Maloo, technical analyst with Geojit Financial Services, on CNBC Awaaz. The stock is currently trading at Rs 96.70, up 10.9% on the BSE.

9:40 AM - In 2009, one can invest in large stocks at levels of 9000-10000 and expect long-term return of 40-50% in 2009, says Anand Rathi of Anand Rathi Securities on CNBC Awaaz. Sectors to invest in are banking, infrastructure, FMCG, he adds.

9:33 AM - Nifty will see support at 3056 and resistance at 3150, says Ashwani Gujral, technical analyst, on CNBC-TV18. It might go up to 3240 and one can buy at 3100, he adds.

Sensex shut shop at 10335, up 60 points and Nifty at 3112, down 8 points

2009-01-06T05:53:00.000-08:00

4:01 PM - The market ended in the positive masking a volatile session due to profit booking. It was cement stocks that helped the market close higher. Sensex shut shop at 10335, up 60 points and Nifty at 3112, down 8 points from the previous close. CNX Midcap index was down 0.64% and BSE Smallcap index was down 0.23%. The market breadth was negative with advances at 522 against declines of 707 on the NSE. Top Nifty gainers included Ambuja Cements, Grasim and ACC while losers included DLF, RCom and Unitech.

3:57 PM - Buy India Cements around Rs 110, it has a target of Rs 125-135, says Jatindar Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 118, up 11.9% on the BSE.

3:50 PM - The rally is still far from over, says E Mathew, technical analyst, on CNBC Awaaz. Nifty is now likely to be in the range of 3150-3230 as it has stiff resistance in this range, he feels. One can hold long positions, but book 50% profits, he says. The good level to re-enter Nifty would be 2900-2950, he adds.

3:44 PM - It was a volatile session with the market ending the day in the positive thanks to the outperformance of the cement sector. Sensex closed at 10377, up 101 points (provisional) and Nifty at 3126, up 5 points (provisional) from the previous close. CNX Midcap index was down 0.64% and BSE Smallcap index was down 0.01%. The market breadth was negative with advances at 556 against declines of 670 on the NSE.

3:40 PM - The cement sector may offer a positive surprise and one can buy into this space at current levels, says Mehraboon Irani of Centrum Broking, on CNBC TV18. Grasim, Shree Cement and Ambuja Cement are the top picks in this space, he adds.

3:35 PM - Hold Nifty long futures for a target of 3165 and stop loss of 3085, says Rajat Bose, technical analyst, on CNBC-TV18, as closing market strategy.

3:34 PM - Maintain Nifty long futures for a target of 3180 and stop loss of 3078, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.

3:32 PM - The market will continue to be rangebound, says Ajay Bagga, market expert, on CNBC Awaaz. Nifty range is likely to be 2600-3150 and market is likely to be under pressure as corporate season is expected to be bad, he adds.

3:18 PM - SMC Global maintains a buy call on KS Oils with a target of Rs 65 and stop loss of Rs 50, reports CNBC Awaaz. The stock is currently trading at Rs 54, down 3.60% on the BSE.

3:12 PM - Buy TCS with a target of Rs 550 and stop loss of Rs 490, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 503, down 2.32% on the BSE.

3:08 PM - One can book profits if Nifty goes below 3085, says Rajat Bose, technical analyst, on CNBC TV18. Unless Nifty 3045 is broken, one would not initiate any fresh longs, he adds.

3:01 PM - The Asian markets closed mixed while European markets were quiet. The Indian market saw profit booking post lunch and is under pressure. Sensex is trading at 10226, down 49 points and Nifty is at 3082, down 39 points from the previous close. CNX Midcap index is down 1.42% and BSE Smallcap index is down 0.85%. The market breadth is negative with advances at 437 against declines of 775 on the NSE.

2:52 PM - Sharekhan maintains a buy call on Shiv Vani Oil with a target of Rs 420, reports Zee Business. The stock is currently trading at Rs 138, down 1.85% on the BSE.

2:43 PM - Buy Reliance Capital with a target of Rs 665 and stop loss of Rs 590, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 597, down 1.2% on the BSE.

2:37 PM - SMC Global maintains a buy call on Sesa Goa with a target of Rs 125 and stop loss of Rs 85, reports CNBC Awaaz. The stock is currently trading at Rs 93, down 2.19% on the BSE.

2:30 PM - Buy RNRL with a target of Rs 75 and stop loss of Rs 60, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 61, down 0.80% on the BSE.

2:23 PM - The upside momentum in the market is intact as it is far from the Nifty breakdown levels of 2700-2750, says Anil Maghnani, technical analyst, on CNBC TV18. This is a traders market and one can buy on dips, he adds.

2:14 PM - The market has lost its morning gains and is now under pressure. Sensex is trading at 10240, down 34 points and Nifty is at 3093, down 28 points from the previous close. CNX Midcap index is down 0.76% and BSE Smallcap index is down 0.26%. The market breadth has turned negative with advances at 534 against declines of 663 on the NSE.

2:04 PM - Buy JP Hydro on dips, it has resistance at 36 after which it can move up further, says Anuj Dixit of Globe Capital, on Zee Business. Maintain a stop loss of Rs 25, he adds. The stock is currently trading at Rs 35, up 7.16% on the BSE.

1:52 PM - India's consumption story is robust and Indian fundamentals are strong, says Sunil Bharati Mittal, Chairman of Bharati Airtel, on NDTV Profit. The government needs to boost infrastructure spending and the auto industry to drive growth, he feels. Indian banks are in good shape, he adds. The need is for futuristic M&A norms as it is the way forward, he says. It is important to have a robust 3G auction, he feels.

1:45 PM - Hold Petronet LNG as it has resistance at 43 where one can book partial profits and then it could go to Rs 62, says Anuj Dixit of Gupta Securities, on Zee Business. The stock is currently trading at Rs 42, down 0.35% on the BSE.

1:37 PM - In the banking space, BoB and SBI look good and NTPC can be accumulated for the long term as these can offer good returns, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz.

1:29 PM - Hold Reliance Industries as it has some more steam and can go to Rs 1461, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1374, up 0.60% on the BSE.

1:21 PM - Sell Srei Infra at any rally, it has resistance at Rs 55-56 where one can book profits, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. In the same space, one can switch to IDFC or IVRCL Infra, he adds. The stock is currently trading at Rs 55, up 2.04% on the BSE.

1:14 PM - The Asian markets are trading mixed. The Indian market is also trading quiet. Sensex is trading at 10382, up 106 points and Nifty is at 3140, up 18 points from the previous close. CNX Midcap index is up 0.60% and BSE Smallcap index is up 1.04%. There is buying in metals, banking and auto stocks. The market breadth is positive with advances at 768 against declines of 403 on the NSE.

1:06 PM - L&T has bagged orders worth Rs 1100 crore, reports CNBC TV18. The stock is currently trading at Rs 849, down 0.63% on the BSE.

12:57 PM - Buy Dr Reddy's with a target of Rs 520 and stop loss of Rs 475, says Nitin Murarka, technical analyst, on Zee Business. The stock is currently trading at Rs 485, up 3.03% on the BSE.

12:49 PM - Sell Bharti Airtel with a target of Rs 640 and stop loss of Rs 700, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 664.85, down 3% on the BSE.

12:41 PM - Hold on to Hindustan Zinc with a long-term view, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It has support at Rs 275 and resistance at Rs 445, he adds. The stock is currently trading at Rs 418.60, up 8.6% on the BSE.

12:33 PM - L&T is expected to give a return of 35-40% in 2009, says Ambareesh Baliga of Karvy Stock Broking on CNBC Awaaz. The stock is currently trading at Rs 843.70, down 1.3% on the BSE.

12:26 PM - Buy Suzlon Energy Ltd. with a target of Rs 73 and stop loss of Rs 67, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 68.80, up 1.85% on the BSE.

12:20 PM - Positive momentum is expected in stocks like ICICI, SBI and L&T and BHEL, says Deven Choksey of KR Choksey, on CNBC-TV18.

12:13 PM - Buy Corporation Bank with a target of Rs 300, says Ashish Kapoor of Investshoppe, on CNBC Awaaz. The stock is currently trading at Rs 204.55, up 0.8% on the BSE.

12:05 PM - At noon, the market continues to be range-bound. Sensex trading at 10344, up 65 points, and Nifty at 3133, up 11.45 from the previous close. CNX Midcap is up 0.6% and BSE Midcap is up 0.9%. The market breadth is positive with advances at 691 against declines of 424.

11:56 AM - Hold on to IDFC with a long-term view, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. On short-term basis one may exit at Rs 85, he adds. It has support at Rs 47 and resistance at Rs 98. The stock is currently trading at Rs 73, up 2.1% on the BSE.

11:49 AM - Hold on to SREI Infrastructure which has support at Rs 35, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It will show some resistance at Rs 65 after which it might comfortably break out, he adds. The stock is currently trading at Rs 55.50, up 2.78% on the BSE.

11:42 AM - Hold on to Bank of Baroda with a long-term view, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It has support at Rs 240 and resistance at Rs 330, he adds. The stock is currently trading at Rs 293.85, up 0.07% on the BSE.

11:34 AM - One can sell Reliance Industries at Rs 1365-1400 and buy again on correction at Rs 1175, says Gaurang Shah of Geojit Financials, on Zee Business. The stock is currently trading at Rs 1363.80, down 0.14% on the BSE.

11:27 AM - Hold on to IDBI Bank which has support at Rs 58 and resistance at Rs 86, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 73.30, up 1.03% on the BSE.

11:19 AM - Fortis Healthcare is expected to give a return of 50-65% in 2009, says Ambareesh Baliga of Karvy Stock Broking on CNBC Awaaz. Long-term investors can expect a return of 150-200%, he adds. The stock is currently trading at Rs 70.20, up 0.4% on the BSE.

11:13 AM - One can sell SAIL at Rs 96-100 and buy again on correction at Rs 72-75, says Gaurang Shah of Geojit Financials, on Zee Business. The stock is currently trading at Rs 92.95, up 3.6% on the BSE.

11:06 AM - The market is relatively quiet with the Nifty touching red, trading at 3116, down 5 points, and the Sensex trading at 10285, up 10.5 points from the previous close. CNX Midcap is up 1.3%. The market breadth is positive with advances at 612 against 438 declines.

10:58 AM - ashwanigujral.com maintains a buy call on Hindustan Construction Company with a target of Rs 81 and stop loss of Rs 50, reports CNBC Awaaz. The stock is currently trading at Rs 59.50, up 1.7% on the BSE.

10:51 AM - One can average out at Rs 34-32 with Dena Bank, says Gaurang Shah of Geojit Financials, on Zee Business. The stock is currently trading at Rs 40.80, down 4.9% on the BSE.

10:41 AM - Monetary easing will help create base for recovery in H2CY09, says Rajeev Malik of Macquarie Capital, on CNBC TV-18. Inflation can turn negative moving from here, though temporarily, he adds.

10:33 AM - ICICI Bank will show resistance at Rs 480-500 after which it will go up to Rs 500-550, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. The stock is currently trading at Rs 507.20, up 1.5% on the BSE.

10:25 AM - Hem Securities maintains a buy call on ONGC with a target of Rs 763 and stop loss of Rs 708, reports CNBC Awaaz. The stock is currently trading at Rs 717.65, down 0.8% on the BSE.

10:18 AM - Balrampur Chini Mills Ltd. is expected to give a return of 65-85% in 12 months, says Ambareesh Baliga of Karvy Stock Broking on CNBC Awaaz. The stock is currently trading at Rs 51.20, up 1.09% on the BSE.

10:12 AM - The market has opened on a quiet note with the Sensex trading at 10257, up 21.15 points, and Nifty trading at 3126, up 5.3points from the previous close. CNX Midcap 100 was up 0.14% and BSE Midcap was up 0.4%.

10:03 AM - Buy Sun Pharmaceuticals Ltd. at Rs 1000, says Anil Singhvi, market expert on CNBC Awaaz. The stock is at Rs 1043.85, down 0.4% on the BSE.

9:57 AM - Bartronics India Ltd. will give return of 75-80% in 2-3 years' time, says Ambareesh Baliga of Karvy Stock Broking on CNBC Awaaz. The stock is at Rs 87.15, up 1.9% on the BSE.

9:49 AM - Short-term investors in Reliance Communications should maintain a stop loss of Rs 245, says MB Singh, technical analyst, on Zee Business. On the high side the stock might face breakout at Rs 350-370, he adds. The stock is at Rs 263.75, up 5.35% on the BSE.

9:42 AM - Buy Voltamp Transformers at Rs 400 with a stop loss of Rs 385, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. The stock is currently trading at Rs 412.25, up 12.16% on the BSE.

9:35 AM - Market is expected to be choppy today, says Ashwani Gujral, technical analyst, on CNBC-TV18. Nifty will see support at 3080-3100 and resistance at 3167-3240, he adds.

Sensex shut shop at 10275, up 317 points and Nifty at 3121, up 74 points from the previous close

2009-01-05T05:08:00.000-08:00

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.

The first week of trade for 2009 was good

2009-01-02T05:20:00.000-08:00

4:20 PM - The first week of trade for 2009 was good. Experts feel the market has some more steam and the trend is positive till Nifty can hold 2800. In fact, this counter trend could take Nifty as high as 3800. The market is also keenly awaiting another fiscal stimulus package from the government later today. This week's good-looking figures are: Sensex was up 6.75%, Nifty up 6.6%. BSE Midcap index up 8.5%, BSE Smallcap index up 9% over the week. BSE Realty index was up 12.34%, BSE Metal index up 12%, BSE Consumer Goods index up 10.4%, BSE Bankex up 8.9%, and BSE IT up 6.2%.

4:10 PM - Positive global cues saw the Indian market rally to 10000 on the Sensex but it closed quiet. Sensex shut shop at 9958, up 54 points and Nifty at 3046, up 13 points from the previous close. CNX Midcap index was up 2.08% and BSE Smallcap index is up 1.58%. The market breadth was positive with advances at 880 against declines of 343 on the NSE. Top Nifty gainers were Unitech, ABB, Hindalco while losers were Suzlon, Hero Honda and Satyam.

4:06 PM - Buy Tech Mahindra with a medium-term target of Rs 400-420 and maintain a stop loss of Rs 240, says Rajat Bose, technical analyst, on CNBC TV18. The stock is currently trading at Rs 275, up 5.61% on the BSE.

4:00 PM - Buy Voltamp Transformers with a target of Rs 700 in 12 months, says Vikas Sethi of Sethi Finmart, on CNBC TV18. The company has an order book of Rs 500 crore, he adds. The stock is currently trading at Rs 366, up 5.5% on the BSE.

3:56 PM - Buy IVRCL Infra with a target of Rs 175-180, says Salil Sharma of Kapoor & Sharma Company, on Zee Business. This is a good stock to keep in the portfolio for the long term, he adds. The stock is currently trading at Rs 161, up 7.25% on the BSE.

3:50 PM - Buy TNPL with a target of Rs 96 in 12 months, says Sumant Kumar of Karvy Stock Broking, on CNBC TV18. The stock is currently trading at Rs 73, up 4.43% on the BSE.

3:46 PM - Buy Sun TV with a target of Rs 250 and maintain a stop loss of Rs 160, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 185, down 1.56% on the BSE.

3:41 PM - It was a relatively dull day with a quiet close. Sensex closed at 9970, up 66 points (provisional) and Nifty at 3051, up 17 points (provisional) from the previous close. CNX Midcap index was up 2.06% and BSE Smallcapindex is up 1.65%. The market breadth was positive with advances at 885 against declines of 338 on the NSE.

3:34 PM - Buy Reliance Capital with a target of Rs 700 and maintain a stop loss of Rs 530, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 578, up 3.1% on the BSE.

3:25 PM - The market is seeing a counter trend rally after the massive price and chart destruction in 2008, says E Mathew, technical analyst, on CNBC TV18. Till Nifty is able to hold the crucial support of 2800-2810 the sentiment is positive, he feels. This rally could take Nifty to 3400-3700-3800, he adds.

3:21 PM - Buy Koutons Retail with a target of Rs 600-700 in 12 months, says Ashish Kapoor, CEO of Investshoppe, on CNBC Awaaz. The stock is currently trading at Rs 515, down 0.87% on the BSE.

3:17 PM - Buy Srei Infrastructure with a target of Rs 53-58 and maintain a stop loss of Rs 38, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 45, up 10.17% on the BSE.

3:10 PM - Buy Opto Circuits with a target of Rs 250 in 12 months, says Vikas Sethi of Sethi Finmart, on CNBC TV18. The stock is currently trading at Rs 96, up 4.43% on the BSE.

3:05 PM - The year 2009 will be a difficult one globally, says Tarun Kataria of HSBC, on NDTV Profit. Expect fund flow to return to India and China once markets recover, he says. Recovery to set in once liquidity returns globally, he says. India GDP likely to be 7% for FY09 and 6.5% for FY10, he says. China likely to post growth of 5-6% over the next few years, he adds.

3:00 PM - The market continues to look good. Sensex is trading at 10023, up 119 points and Nifty is at 3064, up 29 points from the previous close. CNX Midcap index is up 2.3% and BSE Smallcap index is up 2.27%. The market breadth is positive with advances at 951 against declines of 269 on the NSE.

2:52 PM - Hold Satyam which has resistance at Rs 185-190 where one can book profits, says Rajat Bose, technical analyst, on CNBC TV18. The stock is currently trading at Rs 177, up 5.87% on the BSE.

2:45 PM - Buy Ashok Leyland above Rs 17 with a target of Rs 22 and maintain a stop loss of Rs 13, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 16, up 3.2% on the BSE.

2:37 PM - Buy Chennai Petro around Rs 115 and book profits at its resistance of Rs 165-170, says Hardik Jain of Angel Broking, on CNBC Awaaz. The stock is currently trading at Rs 127, down 1.5% on the BSE.

2:31 PM - Buy Aban Offshore with a target of Rs 990-1000 and maintain a stop loss of Rs 660, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 765, up 3.8% on the BSE.

2:25 PM - Hold Jai Corporation with a target of Rs 100 where one can book profits, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. The stock is currently trading at Rs 84, up 3.49% on the BSE.

2:21 PM - Era Infra has bagged four orders worth Rs 294 crore, reports CNBC TV18. The stock is currently trading at Rs 78, up 8.95% on the BSE.

2:14 PM - ICSA can give 100% returns in 2009, says Mehraboon Irani, VP, Centrum Broking, on CNBC Awaaz. The stock is currently trading at Rs 144.70, up 7.5% on the BSE.

2:07 PM - L&T will face strong resistance at Rs 880-890, but once this is crossed, it can go up to Rs 990-1,050, says Rajkishore Bang, technical analyst, on CNBC Awaaz. For now, continue to hold the stock, keeping a stop loss at Rs 740, he suggests. It is currently trading at Rs 824, up 0.29% on the BSE.

2:00 PM - The Asian markets are trading smart and European markets have opened flat. The Indian market is looking good and Sensex crosses 10000. It is trading at 10029, up 126 points and Nifty is at 3066, up 33 points from the previous close. CNX Midcap index is up 2.11% and BSE Smallcap index is up 2.26%. There is buying in realty, metals and banking stocks. The market breadth is positive with advances at 959 against declines of 234 on the NSE.

1:50 PM - Pharma companies can grow 15-30%, says Madhu Kela of Reliance MF, on CNBC-TV18. He is therefore bullish on frontline pharma stocks.

1:42 PM - Punj Lloyd can give 70-75% returns in 2009, says Mehraboon Irani, VP, Centrum Broking, on CNBC Awaaz. The stock is currently trading at Rs 158, up 3.09 % on the BSE

1:34 PM - Hold RCom which has resistance at Rs 253-259 after which one could see a fresh upmove, says Rajat Bose, technical analyst, on CNBC TV18. The stock is currently trading at Rs 250, up 2.16% on the BSE.

1:26 PM - If Nifty is able to cross 3120 then it could go up to 3240, says MB Singh, technical analyst, on Zee Business. One should avoid shorting the market till 2800 is not broken on Nifty, he adds. The market may have a positive surprise in store post the results season, he feels.

1:18 PM - The market is likely to consolidate in the Nifty range of 2980-3120 for some time, says Deven Choksey of KR Choksey, on Zee Business. Once the results are out, then the market is likely to move up, he adds.

1:10 PM - The Asian markets are trading quiet. The Indian market is also trading quiet while midcaps are buzzing. Sensex is trading at 9937, up 33 points and Nifty is at 3037, up 3 points from the previous close. CNX Midcap index is up 1.62% and BSE Smallcap index is up 1.79%. The market breadth is positive with advances at 918 against declines of 260 on the NSE.

1:02 PM - Deccan Chronicle can give 70-80 % returns in 2009, says Mehraboon Irani, VP, Centrum Broking, on CNBC Awaaz. The stock is currently trading at Rs 46.75, up 3% on the BSE.

12:55 PM - Bartronics India can give 60-80 % returns in 2009, says Mehraboon Irani, VP, Centrum Broking, on CNBC Awaaz. The stock is currently trading at Rs 87, up 2.4% on the BSE.

12:42 PM - Geodesic can give 100% returns in 2009, says Mehraboon Irani, VP, Centrum Broking, on CNBC Awaaz. The stock is currently trading at Rs 73, up 4.4% on the BSE.

12:34 PM - Sell SBI on rallies and look to re-enter it at Rs 1,100, says Phani Sekhar of Angel Broking, on CNBC Awaaz. The stock is currently trading at Rs 1,339.55, up 1.8% on the BSE.

12:26 PM - Look at booking profits in L&T at higher levels and then re-enter again close to Rs 700, says Phani Sekhar of Angel Broking, on CNBC Awaaz. The stock is currently trading at Rs 822.25 on the BSE.

12:19 PM - Delta Corp can give 250-300% returns in 2009, says Mehraboon Irani, VP, Centrum Broking, on CNBC Awaaz. The stock is currently trading at Rs 32.20, up 4.9% on the BSE.

12:12 PM - If one has a short term view on Chambal Fertilisers, then keep a stoploss at Rs 32 and exit at Rs 44-48, says Rajkishore Bang, technical analyst, on CNBC Awaaz. But if you hold the stock for 3.5 years or so, it can give 50-100% returns from the current levels, he says. It is currently trading at Rs 39.35, up 1.3% on the BSE.

12:05 PM - One needs to have a long term view on Reliance Capital to make good gains, as its business are connected to the stock market, says Phani Sekhar of Angel Broking, on CNBC Awaaz. And the stock market will take its time to consolidate and start moving up again, he explains. The stock is currently trading at Rs 569, up 1.5% on the BSE.

11:58 AM - Centrum Broking has a 'buy' rating on South Indian Bank, with a target price of Rs 74, reports CNBC Awaaz. The stock is currently trading at Rs 62.50, up 9.9% on the BSE.

11:51 AM - Aptech can test Rs 110-120, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 102.55, up 2.7% on the BSE.

11:43 AM - If one has a view of 3-3.5 years' on Tech Mahindra, then look at averaging it at lower levels, says Phani Sekhar of Angel Broking, on CNBC Awaaz. It can go up to Rs 1400-150 in 3-3.5 years, he adds. The stock is currently trading at Rs 272.50, up 4.1% on the BSE.

11:36 AM - One should look to exit Infosys at Rs 1,300-1,350, as long term charts do not look good, says Rajkishore Bang, technical analyst, on CNBC Awaaz. Switch to infrastructure or FMCG stocks and hold them for 2-3 years for good returns, he suggests. Infosys is currently trading at Rs 1,136, down 1% on the BSE.

11:29 AM - If Reliance Communications crosses Rs 250, then it can head upto Rs 278-290, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 253.30, up 3.2% on the BSE.

11:22 AM - Hindalco Industries can touch Rs 60-65, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 56.45, up 4.2% on the BSE.

11:15 AM - NTPC now has targets of Rs 190 and Rs 210, says Darrly Guppy of guppytraders.com, on CNBC-TV18. The stock is currently trading at Rs 183.10, up 0.5% on the BSE.

11:07 AM - The market has given up most of its gains and is trading a flattish. Sensex is at 9,953, up 49 points from the previous close. Nifty is at 3043, up just 10 points. BSE Midcap index is up 1.2% and BSE Smallcap index, up 1.3%. Realty, banking and metal stocks are rallying, while IT stocks are under selling pressure.

11:01 AM - MF Global has a 'buy' rating on SBI, with a target price of Rs 1,614, reports CNBC Awaaz. The stock is currently trading at Rs 1,320.25, up 0.3% on the BSE.

10:53 AM - There's a reasonable chance that the market may re-test its October lows in the next 4-5 weeks, says Darrly Guppy of guppytraders.com, on CNBC-TV18. Sensex has strong resistance at 10,800 and support at 7,800, he adds. Nifty may fall to 2300-2200, he says.

10:45 AM - If the Nifty can sustain 3050 and above levels, then one could see 3250 levels by January 10, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. There wonÿt be much selling from FIIs, however some de-growth may come in, he adds. The Nifty has support at 2850-2,900, he says.

10:37 AM - A strong breakout is developing in RIL and it now has targets of Rs 1,350 and Rs 1,450, says Darrly Guppy of guppytraders.com, on CNBC-TV18. The stock is currently trading at Rs 1,255.45, up 0.1% on the BSE.

10:30 AM - Tata Power can go up to Rs 857-863, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 773.25, down 1.3% on the BSE.

10:23 AM - Hold Suzlon Energy as the prices may go up to Rs 75-80, says Hardik Jain of ISG Securities, on CNBC-TV18. The stock is currently trading at Rs 69.55, up 4.9% on the BSE.

10:16 AM - Reliance Industries has support at Rs 1150-1170 and will face resistance at Rs 1450, says Hardik Jain of ISG Securities, on CNBC-TV18. The stock is currently trading at Rs 1263, up 0.8% on the BSE

10:08 AM - If Suzlon manages to close above Rs 69, then one can go long here for a target of Rs 82, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 68.60, up 3.5% on the BSE.

10:03 AM - The market has opened slightly higher on Friday. Sensex is at 9,974, up 71 points from the previous close. Nifty is at 3051, up 18 points.

9:54 AM - One can invest in Satyam Computer as the prices may go up to Rs 240-260, says Hardik Jain of ISG Securities, on CNBC-TV18.The share prices cannot be cheaper than what it is now, he adds. The stock is at Rs 182.35 on the BSE.

9:46 AM - Hold Unitech as the prices may go up to Rs 54-55, says Hardik Jain of ISG Securities, on CNBC-TV18.The stock is at Rs 44.50 on the BSE.

The first trading day of 2009 for the Indian market was good

2009-01-01T03:41:00.000-08:00

4:05 PM - The first trading day of 2009 for the Indian market was good (world markets were closed today). While midcaps and smallcaps saw a smart rally, volumes were low. The total market turnover was the lowest since April 2007. But the market closed at the high point of the day as Sensex shut shop at 9903, up 256 points and Nifty at 3033, up 74 points from the previous close. CNX Midcap index was up 2.11% and BSE Smallcap index was up 3.46%. The market breadth was positive with advances at 1048 against declines of 167 on the NSE. Top Nifty gainers included Unitech, RCom and SAIL while losers included BPCL, Ranbaxy and Cairn.

4:00 PM - CNBC TV18 conducted a poll among FIIs and domestic investors, 63% saw Nifty range of 2600-2800, 25% saw Nifty range of 2800-3000 and 12% saw Nifty range of 2600. On the preferred space to invest, 75% said they would go with the large caps and 25% said madcap picks. Would market form a new bottom? 62% brokers polled said no while 38% said yes. Top buys for 2009 were SBI, Hero Honda and L&T. Top sells for 2009 were HUL, Hindalco and DLF.

3:57 PM - CNBC Awaaz conducted a Broker's Poll, on Sensex levels for 2009, 86% feel it could cross 15000 while 14% feel it could cross 18000. On the market touching new lows in 2009, 36% said yes, 36% said no and 28% said they did not know. On a sectoral view, 84% were in favour of banks, 36% in favour of power, 36% also in capital goods and 29% for oil and gas.

3:51 PM - Bajaj Finserve, Marg Ltd. and Deccan Goldmine could be the hidden midcap gems for 2009, says Ashsih Chugh, investment analyst, on CNBC TV18. These stocks can be accumulated at current and lower levels for the long term, he adds.

3:47 PM - Nifty has strong support at 2950 and one can expect to see more participation in the next 4-5 days, says Ambareesh Baliga of Karvy Stock Broking on CNBC Awaaz. If Nifty sustains above 3050 then the next levels would be 3070-3080 after which one can go long, he says. The upmove could take Nifty to 3250, he adds.

3:41 PM - Buy BHEL around Rs 1000 and book profits at its resistance of Rs 1625, says Sanjeev Agarwal of Globe Capital, on CNBC Awaaz. The stock is currently trading at Rs 1393, up 2.28% on the BSE.

3:37 PM - It was a good first day of trade with the market closing at the day's high. Sensex closed at 9910, up 263 points (provisional) and Nifty at 3033, up 73 points (provisional) from the previous close. CNX Midcap index was up 2.08% and BSE Smallcap index was up 3.48%. All sectoral indices were in the positive with buying in realty, metal and capital goods space. The market breadth was positive with advances at 1044 against declines of 165 on the NSE.

3:27 PM - Hold Nifty long positions with stop loss of 2910 and resistance at 3050-3150, says E Mathew, technical analyst, on CNBC-TV18, as closing market strategy.

3:25 PM - Hold Nifty long positions with stop loss of 2960 and target of 3040-3110, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.

3:20 PM - Hold Aban Offshore with a target of Rs 800 where one can book profits, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Maintain a stop loss of Rs 630, he adds. The stock is currently trading at Rs 732, up 9.2% on the BSE.

3:15 PM - This is a bear market rally and the first half of the year will be very volatile and difficult, says Allan Conway of Schroders Investment, on CNBC TV18. Emerging market equities should lead the rally in the latter half of 2009, he says. Emerging market PE valuations are cheap historically, but India is relatively a bit expensive, he adds. China is very attractive and its economic fundamentals are better, he says.

3:11 PM - The market could give a positive surprise in the short term, says Rashesh Shah of Eldelweiss, on NDTV Profit. Sentiment and liquidity in the market have improved, he feels. But earnings are likely to be under pressure, he adds.

3:04 PM - The market is looking good. Sensex is trading at 9887, up 240 points and Nifty is at 3028, up 68 points from the previous close. CNX Midcap index is up 1.88% and BSE Smallcap index is up 3.12%. All indices are in the positive with buying in realty, metal and IT stocks. The market breadth is positive with advances at 1034 against declines of 159 on the NSE.

2:55 PM - Sell ICICI Bank with a target of Rs 420-375 and maintain a stop loss of Rs 500, says Sanjeev Agarwal of Globe Capital, on CNBC Awaaz. The stock is currently trading at Rs 463, up 3.43% on the BSE.

2:50 PM - Hold Lanco Infra which has a target of Rs 200 in 6-9 months where one can exit the stock, says Hardik Jain of Angel Broking, on CNBC Awaaz. The stock has support at Rs 135, it is currently trading at Rs 162, up 4.21% on the BSE.

2:44 PM - Sell GVK Power with a target of Rs 19-16 and maintain a stop loss of Rs 27, says Sanjeev Agarwal of Globe Capital, on CNBC Awaaz. The stock is currently trading at Rs 22, up 2.92% on the BSE.

2:36 PM - Buy Cairn India around Rs 130-140 for good long-term returns, says Rajesh Tambe, technical analyst, on Zee Business. It is currently trading at Rs 170, down 0.87% on the BSE.

2:28 PM - As a defensive, one can have Infosys in the portfolio, says Dilip Bhatt of Prabhudas Lilladher, on CNBC Awaaz. But the stock may not be able to give more than 20-22% returns in the next one year, he adds. It is currently trading at Rs 1116, down 0.13% on the BSE.

2:18 PM - Buy Noida Toll Bridge around Rs 18-20 for good long term returns, says Rajesh Tambe, technical analyst, on Zee Business. It is currently trading at Rs 26, up 16% on the BSE.

2:08 PM - The market is likely to be in consolidation mode for the first six months of 2009, says Nilesh Shah, MD & CEO of ICICI Prudential, on CNBC Awaaz. The market is digesting news in fast forward mode and the second half of 2009 may see the market recover, he adds.

2:00 PM - The market is trading quiet but firm. Sensex is trading at 9758, up 110 points and Nifty is at 2989, up 29 points from the previous close. CNX Midcap index is up 1.39% and BSE Smallcap index is up 2.56%. The market breadth is positive with advances at 981 against declines of 197 on the NSE.

1:54 PM - HEM Securities maintains a sell call on BPCL with a target of Rs 350 and stop loss of Rs 385, reports CNBC Awaaz. The stock is currently trading at Rs 364, down 3.18% on the BSE.

1:46 PM - Maruti Suzuki can give 35-40% returns in the next 12 months, says Dilip Bhatt of Prabhudas Lilladher, on CNBC Awaaz. The stock is currently trading at Rs 527.20, up 1.4% on the BSE.

1:38 PM - Buy Bajaj Hindustan with a medium term target of Rs 100, says Jatindar Sharma, technical analyst, on CNBC Awaaz. One can buy more stock around Rs 65 and it is currently trading at Rs 74, up 2.68% on the BSE.

1:30 PM - Hold Indian Bank which has resistance at Rs 145 after which it can go to Rs 175-180, says Hardik Jain of Angel Broking, on CNBC Awaaz. The stock has support at Rs 125, it is currently trading at Rs 138, up 1.39% on the BSE.

1:22 PM - Sell Ispat in any rally and in the steel space, only Tata Steel and JSW Steel are best for the long term, says Rajesh Tambe, technical analyst, on Zee Business. Ispat is currently trading at Rs 12, up 3.03% on the BSE.

1:12 PM - The Asian markets are shut. The Indian market is on its own and trading quiet. Sensex is trading at 9756, up 109 points and Nifty is at 2990, up 31 points from the previous close. CNX Midcap index is up 1.24% and BSE Smallcap index is up 1.20%. The market breadth is positive with advances at 969 against declines of 183 on the NSE.

1:02 PM - HPCL has a target of Rs 350, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 266.90, down 2.1% on the BSE.

12:51 PM - SBI can give 35-40% returns in 2009, says Dilip Bhat of Prabhudas Lilladher, on CNBC Awaaz. The stock is currently trading at Rs 1,304, up 1.2% on the BSE.

12:44 PM - Sesa Goa can be bought for a long term target of Rs 120-150, says says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep a stoploss of Rs 74 here, he suggests. The stock is currently trading at Rs 88.70, up 3.5% on the BSE.

12:37 PM - BPCL has a target of Rs 460, says says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 364.85, down 3% on the BSE.

12:29 PM - BHEL can give 45-50% returns in 2009, says Dilip Bhat of Prabhudas Lilladher, on CNBC awaaz. The stock is currently trading at Rs 1,372.65, up 0.8% on the BSE.

12:22 PM - Glenmark Pharma has target of Rs 415-420, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep a stoploss of Rs 250 here, he suggests. The stock is currently trading at Rs 297.85, up 1% on the BSE.

12:15 PM - Inflation for week ended December 20 has come in at 6.38% versus 6.61% the previous week.

12:06 PM - Cadila Healthcare can go up to Rs 335-340, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep a stoploss of Rs 240 here, he suggests. The stock is currently trading at Rs 282.50, up 5.6% on the BSE.

11:59 AM - IDFC can go up to Rs 83-100, says Ashwani Gujral, technical analyst, on CNBC-TV18. Keep a stop loss at Rs 55-57, he suggests. The stock is currently trading at Rs 68.40, up 2.4% on the BSE.

11:51 AM - One can invest in Bank of India at Rs 260-270 as the share prices may go up to Rs 380-385, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs294.10, up 2.2% on the BSE.

11:44 AM - ICICI Bank has support at Rs 280-285 and will face resistance at Rs 670-680, says Sudhanshu Pandey of LKP Shares, on CNBC-TV18. The stock may continue to remain bearish, he adds. The stock is currently trading at Rs 461.90, up over 3% on the BSE.

11:38 AM - In banking sector DENA Bank has minimum risk involved, says Ashwani Gujral, technical analyst, on CNBC-TV18. He recommends buying them at Rs 30-32, keeping a stop loss at Rs 25. The prices can rise up to Rs 52-55, he adds. The stock is currently trading at Rs 33.90, up 2.6% on the BSE.

11:25 AM - The market will move up in 2009 at some point in time, which will be an opportunity to make money, says Pashupati Advani of Advani OTC Dealers, on CNBC-TV18. The market may touch 12,000 on the Sensex in 2009, he adds. However, in worst case scenario market may test bottoms too, he says.

11:18 AM - Financials and infrastructure can be preferred bets for 2009, says Samir Arora of Helios Capital, on CNBC-TV18. Select media and broking stocks can also be looked at, he adds. But he does not like commodities, pharma, technology and consumer staple stocks.

11:11 AM - The pull back rally of the year 2008 may extend in January 2009, says market experts, reports CNBC TV-18. Sensex can build a bottom at 7,000-7500 and can rise up to 12,000-12500, they add.

11:01 AM - The market is still trading up. Sensex is at 9,758, up 111 points from the previous close. Nifty is at 2989, up 30 points from the previous close. BSE Midcap index is up 1.4% and BSE Smallcap index, up 1.7%. Metal, realty, banking and IT stocks are witnessing significant buyng interest.

10:54 AM - SBI will have support at Rs 980-1000 and will face strong resistance at Rs 1600-1700, says Sudhanshu Pandey of LKP Shares, on CNBC-TV18. If it breaks the support it can go as low as Rs 660-680, he adds. The stock is currently trading at Rs 1297.75, up 0.7% on the BSE.

10:47 AM - If Triveni Engineering can cross Rs 52, then it can easily go up to Rs 73, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock has support at Rs 42, he adds. It is currently trading at Rs 52.55, up 4.6% on the BSE.

10:39 AM - In largecaps, stick to the financial sector, says Ashwani Gujral, technical analyst, on CNBC-TV18. In midcaps, one can look at PSU banking stocks, sugar stocks and even media stocks, he suggests.

10:32 AM - About 15-20% exposure to gold is advisable, as it will do well int he next 1-2 years, says Samir Arora of Helios Capital, on CNBC-TV18.

10:24 AM - Satyam Computers has shown a bounce back and may give a good exit opportunity at Rs 200 in the year 2009, says Sudhanshu Pandey of LKP Shares, on CNBC-TV18. The stock is currently trading at Rs 174.80, up 2.7% on the BSE

10:17 AM - One can remain long in the sugar sector this year, says Ashwani Gujral, technical analyst, on CNBC-TV18. Bajaj Hindusthan can go up to Rs 90, he adds. The stock is currently trading at Rs 73.80, up 1.4% on the BSE.

10:11 AM - Infosys will have support at Rs 930-940 and will face resistance at Rs 1200-1250, says Sudhanshu Pandey of LKP Shares, on CNBC-TV18. The share may continue to remain weak, he adds.The stock is currently trading at Rs 1123,up o.5% on the BSE.

10:03 AM - The market has opened slightly higher on the first day of calendar year 2009 and is slowly gaining strength. Sensex is at 9,719, up 71 points from the previous close. Nifty is at 2985, up 25 points.

9:57 AM - The Nifty may rally as high as 3700 by February-March this year, says Ashwani Gujral, technical analyst, on CNBC-TV18. But from there it may decline to 2200-2000, he adds.

9:51 AM - During the year 2009, Nifty will have a strong support at 2400 and will face resistance at 3600, says Sudhanshu Pandey of LKP Shares, on CNBC-TV18. If it breaks the resistance, it can rise up to 4200, he adds.

Satyam Rocked Again, Target - 230

2008-12-31T05:21:00.000-08:00

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"

Sensex shut shop at 9647, down 68 points and Nifty at 2959, down 20 points from the previous close

2008-12-31T04:43:00.000-08:00

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.

Positive global cues made the Indian market look good

2008-12-30T05:29:00.000-08:00

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

It was a good day for the market that picked up strong global cues post lunch

2008-12-29T03:41:00.000-08:00

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).

2008-12-26T05:14:00.000-08:00

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

Ahead of the Christmas holiday tomorrow, world markets were quiet today

2008-12-24T04:35:00.000-08:00

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

The Asian markets closed weak.

2008-12-23T04:00:00.000-08:00

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

Sensex shut shop at 9928, down 171 points and Nifty at 3039, down 38 points from the previous close

2008-12-22T04:57:00.000-08:00

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