Stock Trading Tips and Analysis

Truth Behind India Shining

noreply@blogger.com (stock-trading) — Thu, 24 May 2012 06:44:00 -0700

So much about India shining!! See the way Rupee is getting battered!! See IIP rates!!! See inflation rates!! See infra! Petrol is all time high!

India is not shining but whining and going to the doldrums. Most of the cos. in India a either fully bogus or totally manipulated in favor of promoter group. Banks and lending instititutions knowingly are colluding with the scamsters hand in glove with perpertrators of these financial crimes to make quick money. Poor rich divide has widened dramatically which is very dangerous for a democratic country.

No. of districts in various states on the worst drought crisis. In Maharashtra they spent around 70000 Crores on harvesting in last 10 yrs, where that all money gone or disappeared? Poor farmers and peasants running away to nearby cities due to drought. No help from Govt. These innocent poor farmers/laborers will ultimately commit suicide or resort to daredevil robberies to sustain themselves and their families. Crime will increase exponentially. Black money hoarding has reached gargantuan proportions. Rich and wealthy getting richer by the day by resorting to all sorts of gimmicks. FIIs have sucked money out of the system!!

This country will go into an anarchy situation as these negatives mount. I foresee large scale civil agitation in this country in another couple of decades rather than any shining India. Freinds do not invest in the markets now. You will lose all your money!

Stocks At 52 Weeks Low

noreply@blogger.com (stock-trading) — Wed, 23 May 2012 14:38:00 -0700

Bharti Airtel Current Market Price: Rs 281.95 The telecom major took a beating due to regulatory authority TRAI’s recommendations on 2G reserve pricing, which set the price at more than two times the 2008 auction price.

Jain Irrigation Current Market Price: Rs 70.60 Brokerage house Religare today cut earnings estimates for the company citing slowing growth in its core vertical segment, i.e. micro irrigation systems (MIS), and possible pressure on funding costs and margins due to high working capital requirements.

Punjab National Bank Current Market Price: Rs 708.45 Punjab National Bank (PNB) reported more than 18% year-on-year jump in its fourth quarter net profit. However, during the quarter, the gross non-performing asset (NPA) ratio climbed to 2.93%. The net NPA ratio too rose from 1.11% to 1.52%.

EIH Current Market Price: Rs 76.50 This hospitality company was hit hard by the global gloom-and-doom environment, which also hurt the tourism industry, along with the rupee’s sharp decline to 56 a dollar.

Educomp Solution Current Market Price: Rs 146.50 A report by brokerage firm Espirito Santo on Friday questioned the company's corporate governance standards, accounting practices and business model, and assigned it a fair value of Rs 110 to the stock.

Bharat Electronics Current Market Price: Rs 1236.85 Bharat Electronics has reported a sales turnover of Rs 2,297.24 crore and a net profit of Rs 333.84 crore for the quarter ended Mar '12.

SKS Microfinance Current Market Price: Rs 71.50 A hostile business environment in its biggest market, Andhra Pradesh, crippled India’s only listed microfinance institution. The company has been plagued ever since former CEO Suresh Gurumani was unceremoniously dismissed.

Reliance Media Current Market Price: Rs 54.90 Reliance MediaWorks sales turnover for Q4 FY12 dropped to Rs 95.93 crore, and net loss came in at Rs 114.23 crore for the quarter ended Mar '12.

Kalpataru Power Current Market Price: Rs 78.50 Kalpataru Power reported a 22% increase in revenue for FY12, however profit after tax fell to Rs 204 crore.

Ramky Infra Current Market Price: Rs 147.10

Adani Ports Current Market Price: Rs 109.75

Indian Market Slipping

noreply@blogger.com (stock-trading) — Wed, 23 May 2012 14:27:00 -0700

The Indian market closed a choppy session of trade on a weak note following negative global cues and a depreciating rupee. Banks, metals and power stocks came in for a bit of selling. Sensex closed at 15928, down 97 points (provisional) and Nifty at 4831, down 28 points (provisional) from the previous close. CNX Midcap index was down 0.5% and BSE Smallcap index was also down 0.5%. The market breadth was negative with advances at 514 against declines of 892 on the NSE. he Indian market pared losses in afternoon trade but ended lower in a session marked by volatility amidst the rupee touching a record low and global concerns over EU summit. Sensex shut shop at 15948, down 78 points, and Nifty at 4835, down 24 points from the previous close. CNX Midcap index was down 0.5% and BSE Smallcap index was down 0.6%. The market breadth was negative with advances at 481 against declines of 926 on the NSE. Top Nifty gainers were GAIL, Ranbaxy and IDFC while losers included Bharti Airtel, Kotak Mahindra Bank and Sesa Goa.

MIC Electronics Another Bogus Company

noreply@blogger.com (stock-trading) — Wed, 23 May 2012 14:23:00 -0700

MIC Electronics is another bogus co. floated with much hype and hoopla with the help of media and analysts! I remember the CEO used to frequently visit TV channels with bullish projections and statements to spruce up the share price. Now what is remaining is the real truth of what the co. is worth!! Investors please take extra care when investing in new cos. and in any Indian co.!!!! Promoter's stake has reduced by half since Mar 11. It was Quoting 12.36 in first week of May and today price almost halved !!!! LED products maker MIC Electronics Ltd reported a 77 per cent decline in consolidated net profit to Rs 3.9 crore for the three months ended March 31, 2011, compared with Rs 17.02 crore in the same quarter last year. Sales revenues also slipped 21 per cent to Rs 70.41 crore from Rs 55.43 crore.

Frauds At Indian Stock Market

noreply@blogger.com (stock-trading) — Wed, 23 May 2012 14:18:00 -0700

Around 188 mid-sized companies like 3i Infotech, Vimta Labs default on loans. Slower growth and high interest rates have taken a toll on many mid-sized companies. Close to 188 companies rated by Crisil have either failed to service interest on borrowings or repay the principal amount on time. More than a dozen of these are listed. Among the listed companies that failed to stick to their repayment schedule in 2011-12 are Mawana Sugars, Raj Agro Mills, ARSS Infrastructure, Indosolar Ltd, Simbhaoli Sugar, Shree Ashtavinayak Cinevision, Eastern Silk Industries, 3i Infotech, Vimta Labs, SR Industries, Mangalam Drugs, Surya Pharmaceuticals and CCS Infotech. Most of them have not been able to repay funds in the range of 50 crore to 300 crore, said sources in the financial market. Leading microfinance institutions Spandana Sphoorty and Asmitha Microfin also failed to meet their repayment commitments last year. These companies rated by Crisil, India`s largest credit rating agency, have a combined debt outstanding of 20,000 crore. They did not respond to ET`s email queries. "Over 90% of these borrowers have ratings in `BB` (double `B`) or below categories; most of them have borrowed money from banks," said Pawan Agrawal, director, Crisil Ratings. According to Crisil findings, default rate - the ratio between the number of companies that defaulted to the total number of companies under the agency`s surveillance - has gone up to 3.4% in 2011-12 to 2.9% in 2010-11. Low profitability, declining demand and weak liquidity conditions are triggering defaults, said Agrawal. "Access to funding and higher borrowing costs are turning out to be a challenge for companies. In terms of credit quality outlook, we expect downgrades to continue to outnumber upgrades for some more quarters," he said. Companies with large debt on their books are finding it difficult to honour their financial commitments, merchant bankers said. Those with substantial debt on their balance sheet are hurt by increased interest costs and marked-to-market losses reported on foreign currency debt and derivatives due to rupee depreciation. This has resulted in a significant drop in net margins of most companies since September 2011. "Mid-sized companies with poor ratings are finding it difficult to raise working capital; lenders are not investing in the issuances of small companies fearing defaults. Even higher rates are not bringing them in," said a leading Mumbai-based debt arranger to small- and mid-sized companies. According to equity analysts, sectors such as textiles, real estate, steel, automobile, construction & engineering and infrastructure will continue to face margin pressure in the upcoming quarters. Cash-strapped companies are trying to reschedule or roll over their debt. "Companies on the verge of default are trying to reschedule their payment calendars. Rollovers are happening at rates as high as 18-20%. Most companies are rolling over their debt for three months," the debt arranger said. With the RBI policy meeting round the corner, promoters are hoping for a reduction in rates and easing of liquidity towards mid-May. They also expect a stock market rally, which will help them raise funds by issuing stocks to private equity investors. "Higher default rate is a reflection of lower risk management capabilities of corporate India. Apart from regular factors like profitability and low rates, only good governance and strong risk management skills will prompt companies to meet their financial obligations," said Shailesh Haribhakti, chairman, BDO Consulting.

IPO Scams AT Indian Stock Market

noreply@blogger.com (stock-trading) — Wed, 23 May 2012 14:15:00 -0700

The brokerage houses, lead managers, and the regulators are all hand in glove to push highly overpriced issues (in most the recent IPOs of 2010/11 the real market value of the shares was not more than 10-25% of the IPO price!!!

Speciality Restaurants IPO

noreply@blogger.com (stock-trading) — Wed, 23 May 2012 14:14:00 -0700

There is another IPO opening soon, that of Speciality Restaurants. I think this one should do good like Jubilant Foods and Lovable Lingerie and Talwalkar. Have not studied it but having eatery chains like Main-Land China it should do well, rest God knows!! WHATEVER THE IPO RATING, I WOULD NOT SUGGEST ANY RETAIL INVESTOR TO PUT HIS HARD EARNED MONEY IN THE DAMNED MARKETS!!!!!

Varun Industries Posted Loss Of 271 Crores In A Quarter

noreply@blogger.com (stock-trading) — Wed, 23 May 2012 14:12:00 -0700

Very clear because, if the mine acquisition was cancelled, how did they not get the advances etc. back immediately and where is that money!! Can you expect a co. which until last quarter was posting excellent results, incur a loss of 271cr!! This stock was trading at a level of 30 3 years back in May 2009 from there it rose to unbelievable heights of 200-250-290 in the short span of time on the news that it has acquitted uranium mine at Madagascar !!!! I wonder what SEBI is doing, was SEBI not aware about manipulation being happened at Varun Industries. Most of the times I wonder for what purpose SEBI is there, Is it really to protect retailers and poor investors interest and regulate market OR it is their to protect interest of fraudsters and earn big pie of money from them in the form of bribery? Many frauds after frauds are happening at Indian Stock Exchange with very ease. At the moment it is better to stay from Indian Stock Exchange as it is not safe to invest money here as market is not regulated.

Whether To Buy Or Sell Varun Industries

noreply@blogger.com (stock-trading) — Wed, 23 May 2012 14:02:00 -0700

There has to be a better much better reason to buy a stock like varun rather than oh the stock has fallen from 240 to rs.26 so it should bounce back.The promoters have taken away every reason an investor would have to buy varun.Most likely all their talk about rare earth minerals,gold ,uranium and gas is all gas or even if its true(highly unlikely) they have made it clear they will not share it with the shareholders.As for those who have hopes that their factories must be worth more than their current market capitalisation well i have got news for you out of a turnover of RS.3177 CRORES only rs.346 crores is the turnover of varun from its factories and the remaining RS.2831 crores is from purchase of traded goods which could mean their own turnover could be less than rs.346 crores.From 2007-2012 their purchase of trades goods has increased from 864 crores to rs.2831 crores.So again on a most optimistic basis their turnover has gone up from rs.204 crores to rs.346 crores in 5 years.Whats worse is varun has not reported its consolidated results which last year was rs.600 crores more in turnover as compared to standalone results. So we dont know how much loss they have made on a consolidated basis.So we know the management is fraud,unethical,dishonest,thieves.The books are all cooked so it does not make a strong case for value buying.

Varun Industries Making New Low Everydays

noreply@blogger.com (stock-trading) — Wed, 23 May 2012 14:02:00 -0700

Varun Industries has touched a 52-week low of Rs 24.50. At 12:13 hrs, the share was quoting at Rs 24.65, down Rs 1.10, or 4.27%. Investors had lost their money heavily at this counter. It was trading around 270 before a month or two. Those who have invested at higher level already have lost almost more than 90% within a span of 60-70 days. This happens only Indian Stock Exchange. At present Indian Stock Exchange is being known as heaven for scam maker and fraudsters. Corruption is at all time high so these fraudsters can manipulate everything from making false announcement at BSE and NSE, inflating their result/ balance sheet. Varun Industries is one of the biggest fraud at Indian Stock Exchange. Imagine suddenly this quarter company posted a loss of 291 Crores. This happens only in India. As usual poor investors and retailers are at receiving end. I wonder, Why is the CLB and Comptroller of Accounts not getting into the investigation act and come out with the clear facts. On what basis did reputed institutions lend money against pledged shares when there was such huge amount of trading amount involved in the financials rather than real production of goods???

Petrol Price At Various Metros In India

noreply@blogger.com (stock-trading) — Wed, 23 May 2012 13:52:00 -0700

Petrol price in four metros now Mumbai- 78.16/L (70.66/L) Chennai-77.05/L(69.55/L) New Delhi -73.14/L (65.64/L) Kolkata - 77.53 (70.03) In the world Petrol is cheapest at Venezuala @ 1.17 / Litre. followed by Iran where Petrol rate is 4.17 / Litre. India is the only country where Petrol is expensive. It is mainly due Government duties imposed on Petrol. Now it is high time that Government should cut it duties on Petrol.

Petrol prices up by Rs 7.50/ litre

noreply@blogger.com (stock-trading) — Wed, 23 May 2012 13:49:00 -0700

IOC , BPCL and HPCL hiked petrol price by Rs 6.28 per litre, effective midnight. Including sales tax, the hike adds up to Rs 7.50/litre. The increase was on the cards with the rupee continuing its free fall against the US dollar, but the quantum of the hike took the country by surprise. However, diesel price has been left untouched though under-recoveries have been much sharper in that commodity as well as kerosene and LPG. PK Goyal, director-finance at IOC said since the company needed to bring down excise duties up to the level of under recoveries, a price hike was the only option.

Reality Sector Up

noreply@blogger.com (stock-trading) — Wed, 11 Feb 2009 04:46:00 -0800

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

noreply@blogger.com (stock-trading) — Wed, 11 Feb 2009 03:36:00 -0800

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

noreply@blogger.com (stock-trading) — Mon, 9 Feb 2009 03:55:00 -0800

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

noreply@blogger.com (stock-trading) — Thu, 5 Feb 2009 11:46:00 -0800

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%

noreply@blogger.com (stock-trading) — Tue, 3 Feb 2009 04:32:00 -0800

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

noreply@blogger.com (stock-trading) — Tue, 3 Feb 2009 04:14:00 -0800

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

noreply@blogger.com (stock-trading) — Sun, 1 Feb 2009 02:28:00 -0800

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

noreply@blogger.com (stock-trading) — Fri, 30 Jan 2009 23:23:00 -0800

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

noreply@blogger.com (stock-trading) — Fri, 30 Jan 2009 23:06:00 -0800

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

noreply@blogger.com (stock-trading) — Thu, 29 Jan 2009 11:58:00 -0800

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

noreply@blogger.com (stock-trading) — Thu, 29 Jan 2009 11:53:00 -0800

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

noreply@blogger.com (stock-trading) — Wed, 28 Jan 2009 04:08:00 -0800

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

noreply@blogger.com (stock-trading) — Tue, 27 Jan 2009 07:14:00 -0800

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.