Stock Trading Tips and Analysis

Reality Sector Up

noreply@blogger.com (stock-trading) — Wed, 11 Feb 2009 04:49:18 PST

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 04:11:02 PST

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, 09 Feb 2009 04:04:12 PST

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, 05 Feb 2009 12:05:47 PST

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, 03 Feb 2009 04:41:06 PST

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, 03 Feb 2009 04:30:26 PST

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, 01 Feb 2009 02:40:52 PST

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 23:29:29 PST

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 23:19:57 PST

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 12:09:21 PST

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 11:58:36 PST

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 04:11:43 PST

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 07:16:21 PST

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.

noreply@blogger.com (stock-trading) — Fri, 23 Jan 2009 09:17:57 PST

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...

noreply@blogger.com (stock-trading) — Thu, 22 Jan 2009 12:09:33 PST

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.

noreply@blogger.com (stock-trading) — Thu, 22 Jan 2009 04:20:42 PST

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

noreply@blogger.com (stock-trading) — Wed, 21 Jan 2009 10:23:37 PST

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

noreply@blogger.com (stock-trading) — Wed, 21 Jan 2009 09:31:23 PST

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.

noreply@blogger.com (stock-trading) — Tue, 20 Jan 2009 08:00:03 PST

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

noreply@blogger.com (stock-trading) — Mon, 19 Jan 2009 04:30:54 PST

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

noreply@blogger.com (stock-trading) — Fri, 16 Jan 2009 05:15:24 PST

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

noreply@blogger.com (stock-trading) — Thu, 15 Jan 2009 04:18:05 PST

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

noreply@blogger.com (stock-trading) — Wed, 14 Jan 2009 03:38:29 PST

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

noreply@blogger.com (stock-trading) — Tue, 13 Jan 2009 05:46:32 PST

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.

noreply@blogger.com (stock-trading) — Mon, 12 Jan 2009 06:12:47 PST

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.