Stock Trading Tips, Analysis & News

4:10 PM - The market kept oscillating from the positive to negatve terrains today, mainly due to the F&O expiry. But the volatile session ended positive! Sensex ended the day at 9,044, up 36 points from the previous close. Nifty shut shop at 2697, up 12 points. But BSE Midcap index lost 2% and BSE Smallcap index, 1%. Metal and oil & gas stocks saw good buying coming in, whereas realty, pharma and FMCG stocks witnessed selling pressure. Top Sensex gainers include Hindalco, Mahindra & Mahindra, Wipro and ACC, while losers are Reliance Communications, Ranbaxy, DLF and Satyam Computer, among others.

4:06 PM - The Nifty may go up to 2950-3000, before real selling emerges again, says Rajat Bose, technical analyst, on CNBC-TV18.

3:59 PM - Above Rs 74, Moser Baer can go up to Rs 83-85, says Rajat Bose, technical analyst, on CNBC-TV18. And once it crosses the resistance of Rs 85, one may see triple digits here, he adds. The stock is at Rs 69.65 on the BSE.

3:52 PM - Buy Union Bank, for a target price of Rs 225, says Motilal Oswal Securities, reports CNBC-TV18. The stock is currently trading at Rs 127.55, up 0.6% on the BSE.

3:45 PM - Cairn India looks good at current levels, says Rajat Bose, technical analyst, on CNBC-TV18. Above Rs 115-116, it can go to Rs 136-138, he adds. The stock is at 122 on the BSE.

3:38 PM - The market had an extremely volatile day today. Sensex ended at 9,063, up 55 points (provisional) from the previous close. Nifty shut shop at 2712, up 27 points (provisional).

3:28 PM - One can buy Hindalco for 2-3 years now, says Ashish Maheshwari, stock market analyst, on CNBC Awaaz. It has good fundamentals and can be a multi bagger in the next few years, he adds. The stock is currently trading at Rs 53.25, up 18.5% on the BSE.

3:20 PM - Hold NIIT for a target price of Rs 38, says PINC Research, reports CNBC-TV18. The stock is currently trading at Rs 29.50, up 13.9% on the BSE.

3:12 PM - Hindalco can be a good buy at Rs 47-45 for the long term, says Vijay Bhambwani, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 49.30, up 22% on the BSE.

3:04 PM - Buy Everest Kanto, for a target price of Rs 210, says PINC Research, reports CNBC-TV18. The stock is currently trading at Rs 169.95, up over 27% on the BSE.

2:56 PM - Buy SBI, for a target price of Rs 2,057, says Motilal Oswal Securities, reports CNBC-TV18. The stock is currently trading at Rs 1,094, up 3.6% on the BSE.

2:48 PM - One can hold Balrampur Chini keeping a stoploss of Rs 35, says Simi Bhaumik, technical analyst, on Zee Business. It can go up to rs 50-55, where it will face resistance, she adds. The stock is currently trading at Rs 41.40, up 4.4% on the BSE.

2:41 PM - PINC Research maintains ‘hold’ rating on Bajaj Auto, with a target of Rs 535, reports CNBC-TV18. The stock is currently trading at Rs 511.40, up 8.9% on the BSE.

2:34 PM - Motilal Oswal maintains ‘buy’ rating on ICICI Bank, with a target of Rs 581, reports CNBC-TV18. The stock is currently trading at Rs 342.50, up 8.3% on the BSE.

2:27 PM - If Noida Toll Bridge falls below Rs 17, then it will see fresh weakness, says Simi Bhaumik, technical analyst, on Zee Business. So keep a stoploss of Rs 17 here, she suggests. The stock is currently trading at Rs 19, down 1.3% on the BSE.

2:20 PM - Reliance Industries can go up to Rs 1,320-1,350 in the current settlement, says Vijay Bhambwani, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 1,209.10, up 12.5% on the BSE.

2:10 PM - One can continue to hold Hindustan Oil Exploration with a stoploss at Rs 50, says Simi Bhaumik, technical analyst, on Zee Business. If it crosses the hurdle of Rs 75, it can probably go to Rs 82, she adds. The stock is currently trading at Rs 65, up over 11% on the BSE.

2:02 PM - Karvy Stock Broking has a ‘buy’ rating on Alembic, with a target price of Rs 51, reports Zee Business. The stock is currently trading at Rs 29, up 9.6% on the BSE.

1:55 PM - One can continue to hold Hindustan Zinc keeping a stoploss of Rs 250, says Simi Bhaumik, technical analyst, on Zee Business. Once it moves above Rs 300, it may see levels of Rs 335-350, she adds. The stock is currently trading at Rs 282, up 11.3% on the BSE.

1:48 PM - One should exit CMC on rallies, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 315, up 13.4% on the BSE.

1:41 PM - Karvy Stock Broking maintains ‘buy’ rating on Dishman Pharmaceuticals, with a target of Rs 250, reports CNBC-TV18. The stock is currently trading at Rs 147.30, down 9.7% on the BSE.

1:34 PM - From a fundamental point of view, the market is nearing a bottom, but FII selling may not get over soon, says Prakash Chaturvedi, MD, Tata Mutual Fund, on CNBC-TV18. Valuations look very attractive, but hedge fund selling is likely to continue, pulling the market down for some time, he adds.

1:26 PM - Nagarjuna Constructions should be sold at Rs 75-80, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is currently trading at Rs 57.65, up 18.3% on the BSE.

1:19 PM - Sharekhan has a ‘buy’ rating on Thermax, with a target price of Rs 564, reports CNBC Awaaz. The stock is currently trading at Rs 307, up 12.4% on the BSE.

1:11 PM - One may sell Infosys at Rs 1,500-1,600, says Prakash Gaba, technical analyst, on CNBC Awaaz. On the downside, it can se elevels like 900, he adds. It is currently trading at Rs 1,324, up 5.8% on the BSE.

1:02 PM - It is a volatile market today. Key indexes have been oscillating from the positive to negative terrains. Sensex is currently at 9,025, up 16 points for the previous close. Nifty is at 2679, down just 4 points. BSE Midcap index is down 1.3% and BSE Smallcap index is down 0.5%. Metal, IT, oil & gas stocks are seeing buying, while FMCG, healthcare and realty stocks are witnessing selling pressure.

12:55 PM - Unitech can go up to Rs 60-65 maximum now, says Ambareesh Baliga of Karvy Stock Broking, on Zee Business. The stock is currently trading at Rs 51.40, up 20.4% on the BSE.

12:47 PM - One can hold IDFC keeping a stoploss of Rs 45 for now and look at exiting close to Rs 80, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 54.65, up 8.2% on the BSE.

12:40 PM - The best sector to invest for now will be capital goods, says Ambareesh Baliga of Karvy Stock Broking, on Zee Business. His top picks here are L&T and BHEL.

12:33 PM - HDFC Bank’s structure looks weak on the charts and the stock can possibly fall to Rs 812 too, says Prakash Gaba, technical analyst, on CNBC Awaaz. One should exit the stock on rise; you will get it at lower levels again to buy, he suggests. The stock is currently trading at Rs 982.95, up 5.4% on the BSE.

12:26 PM - One should look at exiting Axis Bank close to Rs 650, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is currently trading at Rs 541.90, up 0.8% on the BSE.

12:17 PM - Angel Broking recommends ‘buy’ on Bharat Forge, with a target price of Rs 117, reports CNBC Awaaz. The stock is currently trading at Rs 92.50, down 0.8% on the BSE.

12:09 PM - If Infosys can sustain above 1,320, then expect it to go up to Rs 1,379-1,400, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1,305, up 4.3% on the BSE.

12:01 PM - The market has regained strength and is now trading in the positive terrain. Sensex is at 9,159, up 151 points from the previous close. Nifty is at 2724, up 40 points. Metal, IT and oil & gas are attracting bying interest.

11:54 AM - Sharekhan has a ‘buy’ rating on KSB Pumps, with a target price of Rs 411, reports CNBC Awaaz. The stock is currently trading at Rs 210.25, up 0.4% on the BSE.

11:47 AM - Kotak Mahindra Bank should be sold on any rise, says Prakash Gaba, technical analyst, on CNBC Awaaz. It can go up to Rs 400-450 maximum, he adds. The stock is currently trading at Rs 329.50, up 11.1% on the BSE.

11:40 AM - The market may not go above today’s high, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is a ’sell-on-rise’ market, he says.

11:34 AM - Power Grid has a short term target of Rs 74-75, says MB Singh, technical analyst, on Zee Business. But if you want to buy it for the long term, then do so in a staggered way; buy a little at every decline, starting from Rs 53-55, he suggests. The stock is currently trading at Rs 62.25, up 7.2% on the BSE.

11:27 AM - Satyam Computer can go up to Rs 350-360 now, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 240, he adds. It is currently trading at Rs 303.70, up 5.5% on the BSE.

11:20 AM - Reliance Money has a ‘buy’ rating on Petronet LNG, with a target price of Rs 57, reports Zee Business. The stock is currently trading at Rs 37.65, up 7.9% on the BSE.

11:13 AM - One can look at buying/averaging Aban offshore close to Rs 650-600, says Gaurang Shah of Geojit Financial Services, on Zee Business. One may get this opportunity in the first or second week of November, he adds. The stock is currently trading at Rs 730.20, up 11.9% on the BSE.

11:06 AM - The market has given up its gains to profit booking and has slipped into the negative terrain. Sensex is at 8,989, down 18 points from the previous close. Nifty is at 2662, down 22 points. BSE Midcap index is down 1.4% and BSE Smallcap index, down 0.4%. All BSE sectoral indexes are trading lower, with that for realty, healthcare and power being beaten down the most.

11:02 AM - Punj Lloyd is a good pick now with one year perspective, says PN Vijay, Portfolio Manager, on CNBC-TV18. The stock is currently trading at Rs 177.20, up 7.2% on the BSE.

10:54 AM - If TCS can stay above Rs 551, then it can go up to Rs 610-615, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 553, up 11.3% on the BSE.

10:47 AM - One can expect the Sensex to go up to 12,000 or so in January-March 2009, says Enam Securities, on CNBC-TV18. But before that, October 15- November 15 period will see high liquidation, he adds. Most pain in terms of price may be over now, he says.

10:39 AM - One should look at selling Tata Motors at Rs 180, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. It can be a good buy at Rs 130 or so, he adds. The stock is currently trading at Rs 157.85, up 12.7% on the BSE.

10:32 AM - One should stick to bluechips for trade in the next few weeks, says Sudarshan Sukhani, techical analyst, on CNBC-TV18. His picks for the same include L&T, SBI, Reliance Capital and Tata Steel.

10:25 AM - Sharekhan has a ‘buy’ rating on ITC, with a target price of Rs 218, reports CNBC-TV18. The stock is currently trading at Rs 154.90, up 3.9% on the BSE.

10:18 AM - One can buy Mahindra & Mahindra now for a short term target of Rs 320-330, says Rajat Bose, technical analyst, on CNBC Awaaz. But if you want to buy for the lon term, then wait for dips, he suggests. The stock is currently trading at Rs 288.95, up 16.5% on the BSE.

10:10 AM - Maruti Suzuki can now go up to Rs 620-750, if the market bounces, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 548.70, up 5.6% on the BSE.

10:03 AM - The market has opened higher on Wednesday, but is not able to sustain the gains. Sensex is at 9,132, up 123 points from the previous close. Nifty is at 2709, up 24 points.

9:59 AM - In a bear market, rallies eventually fizzle out, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. On dips, a trader can buy for the long side now, he suggests. But book profits at higher levels, he adds.

9:54 AM - One can look at selling Godawari Power close to Rs 115, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is at Rs 74.50 on the BSE.

9:47 AM - Infosys can go up to Rs 1,400-1,420 in the near term, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 1,150, he adds. The stock is at Rs 1,279.50 on the BSE.

9:41 AM - The long term basing formation is still to be seen in metal stocks, says Ashwani Gujral, technical analyst, on CNBC Awaaz. So it is best to book profits in them at higher levels, he suggests.

9:33 AM - The may bounce further, but the Nifty will face strong resistance at 2800, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. It will again move down from here, he adds. So do not be in a hurry to buy, you will get a lot of opportunities, he suggests. One can look at buying in another 1-2 weeks, he says.

ninad avasare
Doubling Stocks

4:16 PM - With the world markets under pressure the effects were felt on the Indian market that crashed to new lows today. The terrible weekly figures are: Sensex was down 13.5%, Nifty down 17.5%. BSE Midcap index was down 12.5% and BSE Smallcap index down 16% over the week. BSE Realty index was down 25%, BSE Metal index down 12.4%, BSE Oil & Gas index down 15% and BSE Bankex was down 13%.

4:05 PM - It was a global meltdown today as markets across the world crashed - Germany down 11%, France down 10% and UK down 9% (technically UK is under recession as its GDP was down 0.5%). The Dow futures hit unit down and saw single massive sell off. Hong Kong slid to four-year lows. The pain was across Asia as well. For the Indian market it was the lowest closing for the Sensex and Nifty since 2005. Sensex shut shop at 8701, down 1070 points and Nifty at 2584, down 359 points from the previous close. CNX Midcap index was down 8.11% and BSE Smallcap index was down 7.66%. The market breadth was negative with advances at 87 against declines of 1196 on the NSE.

3:51 PM - This has been a dismal Black Friday closing today, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. There has been wave after wave of relentless selling for the past 10 weeks, something never seen before, he says. These are new lows for Nifty, the lowest low in three calendar years, he adds. The middle class has been slaughtered out of this market, he believes. Investors who had bought at higher levels can forget those levels, he says. But one can now put in 5% if one has the cash as current levels as it could offer some gains, he adds.

3:39 PM - It was a crash across global equity markets. It was mayhem on Dalal Street and the bloodiest day ever, a black Friday. Sensex closed at 8639, down 1131 points (provisional) and Nifty at 2557, down 385 points (provisional) from the previous close. CNX Midcap index was down 8.31% and BSE Smallcap index was down 7.76%. The market breadth was negative with advances at 108 against declines of 1172 on the NSE.

3:30 PM - There has been total capitulation in the market now and it has to stop falling at some time, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. There is opportunity in this market if one has the courage to go out and buy and has the cash, he says. In the metal space, Tata Steel and Hindalco can be bought for the long term, he adds.

3:25 PM - We were expecting things to get grim in the market but the pace has been surprising, says Sangeeta Purshottam of Religare Securities, on CNBC-TV18. Those who have long term portfolio’s in mutual funds, there is little choice but to stay put as it is too late to sell, she says. One can wait for this mayhem to settle down and see opportunity in this market now, she adds.

3:21 PM - The market has seen a free fall and crashed horribly. The market is trading at the year’s low. Sensex is trading at 8719, down 1051 points and Nifty is at 2584, down 359 points from the previous close. The market breadth is negative with advances at 91 against declines of 1189 on the NSE.

3:15 PM - Sell Kotak Bank with a target price of Rs 300-275, says Birendra Kumar Singh of Religare Securities, on CNBC Awaaz. Maintain a stop loss of Rs 382, he adds. The stock is currently trading at Rs 292, down 22.08% on the BSE.

3:08 PM - Opec has cut its production output by 1.5 million barrels per day, reports NDTV Profit. Crude is trading at record low of $64.83, down 4.44%.

3:01 PM - The Asians markets closed with deep cuts. The European markets continue to bleed badly. The Indian market has seen panic with relentless selling across the board. Sensex is trading at 8774, down 996 points and Nifty is at 2613, down 329 points from the previous close. CNX Midcap index is down 7.88% and BSE Smallcap index is down 7.15%. BSE Realty index is down 15%, BSE Bankex index down 13%, BSE Metal index down 12% and all sectoral indices are in the negative. The market breadth is negative with advances at 77 against declines of 1203 on the NSE.

2:52 PM - Sell Aban Offshore with a target price of Rs 650-575, says Birendra Kumar Singh of Religare Securities, on CNBC Awaaz. Maintain a stop loss of Rs 920, he adds. The stock is currently trading at Rs 805, down 10.97% on the BSE.

2:45 PM - The FIIs selling has been so overwhelming that there is total panic, says Raamdeo Agarwal, MD, Motilal Oswal Securities, on NDTV Profit. People are tired and there are no buyers now, he says. This market has eroded so much that there is no segment of buyer left and nobody has any cash left either, he adds.

2:37 PM - Sell Reliance Infrastructure with a target price of Rs 360, says Birendra Kumar Singh of Religare Securities, on CNBC Awaaz. Maintain a stop loss of Rs 448, he adds. The stock is currently trading at Rs 392, down 12.42% on the BSE.

2:29 PM - Kirloskar Brothers has bagged JV orders worth Rs 1446 crore, reports NDTV Profit. The stock is currently trading at Rs 86, up 6.10% on the BSE.

2:19 PM - RBI will infuse liquidity if necessary and continue to deploy conventional and unconventional tools to manage the situation, says Finance Minister P Chidambaram, on CNBC TV18. RBI has retained flexibility to act swiftly as and when required, he says. RBI leaves key rates steady and it is necessary to remain calm and confident to ride the crisis out, he feels. Our financial system is healthy and economic fundamentals strong and we are affected by the ripple effect of the global crisis, he adds. Once calm returns to the global markets we will return to our growth trajectory, he believes.

2:10 PM - No one knows where the bottom is and this is not the time to invest, says Ambareesh Baliga of Karvy Stock Broking on CNBC-TV18. One should stay out of this market as it cannot go down perennially, he feels. Once the market stops going down and starts rising, that is the time to get into quality stocks, he says. Over dependence on FIIs is also affecting our market and once the dust settles down globally, our market will outperform its global peers, he adds.

2:01 PM - The market continues to look bad. Sensex is trading at 8932, down 838 points and Nifty is at 2669, down 273 points from the previous close. CNX Midcap index is down 6.61% and BSE Smallcap index is down 5.85%. The market breadth is negative with advances at 103 against declines of 1168 on the NSE.

1:51 PM - The market may go down but it is not prudent to go short now, says Rajat Bose, technical analyst, on CNBC TV18. The next level to watch on Nifty is 2550, he feels. But this is not the time to do any bottom fishing, he adds.

1:43 PM - The market continues to look weak and it is difficult to say where the bottom is, says MB Singh, technical analyst, on Zee Business. Nifty support at 2500 is crucial and if that gets taken out it could go to 2200, he says. Long-term investors should now do staggered buying with a minimum one or two year outlook, he says. Once the market stabilizes it will go into a long and boring consolidation period of at least 6-8 months, which would be frustrating, he says. But investors will have to be patient and ride this long testing phase, he adds.

1:35 PM - Sensex slips below 9000 and Nifty below 2700. Sensex is trading at 8994, down 777 points and Nifty is at 2692, down 250 points from the previous close.

1:27 PM - Reliance Money has a ‘buy’ rating on Hero Honda with a target price of Rs 900, reports Zee Business. The stock is currently trading at Rs 738, down 2.54% on the BSE.

1:17 PM - The Asian markets have seen an extremely rough session and crashed. The European markets have opened weak. The Indian market is seeing a rout and bulls are on a rampage. Sensex plunges and is trading at 9130, down 641 points and Nifty is at 2730, down 212 points from the previous close. CNX Midcap index is down 5.42% and BSE Smallcap index is down 4.97%. The market breadth is negative with advances at 122 against declines of 1131 on the NSE.

1:10 PM - JM Financial has a ‘buy’ rating on ICICI Bank with a target price of Rs 1000, reports Zee Business. The stock is currently trading at Rs 337, down 7.6% on the BSE.

1:01 PM - Kotak Institution maintains ‘reduce’ rating on TCS, with target price Rs 650, reports CNBC-TV18. The stock is currently trading at Rs 530, down 3.2% on the BSE.

12:53 PM - Sterlite Industries can now take support at 190-195, says Aswnai Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 221.80, down 9.6% on the BSE.

12:45 PM - Metals are pulling the market down, says Ashwani Gujral, technical analyst, on CNBC Awaaz. And they still don’t seem to be making any bottom, he adds. Metal stocks may have some supports, but downside risk still remains, he says.

12:37 PM - One can consider going long now, but do not hold or initiate new shorts now, says Sudarshan Sukhani, technical analyst, on CNBC-TV18.

12:29 PM - Sharekhan has a ‘buy’ rating on Elder Pharma, with a target price of Rs 406, reports CNBC Awaaz. The stock is currently trading at Rs 271, up 9.4% on the BSE.

12:19 PM - Among all the pivotals, Reliance Industries looks the weakest, says PN Vijay, Portfolio Manager, on CNBC-TV18. He prefers FMCG majors or L&T or even BHEL to RIL, as according to him, one doesn’t know how these margins are going to move in next six months. RIL is currently trading at Rs 1,148, down 5.5% on the BSE.

12:11 PM - The fall is getting bigger and more important levels are being broken on the downside. Sensex fell below 9,000 and is currently trading at 9,140, down 639 points from the previous close. The 30-share index fell below 9,000 for the first time since June 14, 2006. Nifty is at 2727, down 216 points.

12:06 PM - Suzlon Energy is close to the support of Rs 62-65, so it has limited downside, says E Mathew, technical analyst, on CNBC-TV18. It may not be a ‘buy’ for now, but one can certainly hold it, he suggests. The stock is currently trading at Rs 63, down 18.9% on the BSE.

11:57 AM - The market looks oversold now and one can see some stability here in November, says Gautam Shah of JM Financial Services, on CNBC-TV18. He sees Sensex support at 9,000 and Nifty support at Rs 2650.

11:50 AM - Angel Broking has a ‘buy’ rating on Subros, with a target price of Rs 27, reports Zee Business. The stock is currently trading at Rs 19.40, down 1.8% on the BSE.

11:42 AM - The market, which expected a CRR cut in the Credit Policy today, is obviously disappointed and therefore fallen even more. Sensex is now at 9,212, down 558 points from the previous close. Nifty is at 2751, down 191 points. Interest rate sensitives like banks and realty stocks are seeing significant selling pressure. Metal stocks are down too.

11:36 AM - Keeping 25% as SLR and 6.5% as CRR provides strength to Indian banks, says the RBI, reports CNBC-TV18. Overall CAR of commercial banks is at 12.7% versus a minimum of 9%, it says.

11:29 AM - The RBI has announced the Credit Policy today. It has kept the CRR, Repo and Reverse Repo rates unchanged. Deposit growth rate has been maintained at 17.5%. GDP growth target has been revised to 7.5-8%. It has also retained inflation target of 7% by March 2009. Money supply target has been retained at 17%.

11:24 AM - HSBC has a ‘buy’ rating on RPL, with a target price of Rs 165, reports CNBC Awaaz. The stock is currently tarding at Rs 86.80, down 3.3% on the BSE.

11:19 AM - One can continue to hold HCL Technologies, as the company’s numbers were good, says PK Agarwal of Bonanza Portfolio, on Zee Business. If you have a short term view, then look at exiting the stock at Rs 180 or so, he suggests. It is currently trading at Rs 144.85, down 3.5% on the BSE.

11:10 AM - It continues to be a weak day for the market. Sensex is at 9,364, down 407 points from the previous close. Nifty is at 2798, down 144 points. BSE Midcap index is down 3.2% and BSE Smallcap index is down 2.3%. All BSE sectoral indices are trading lower, with that for metal and realty being beaten down the most.

11:06 AM - The rupee may weaken further against the dollar and may fall to 52 per dollar, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. Above this, even 54.90 per dollar is possible, he adds.

10:58 AM - In the telecom pack, Bharti Airtel looks like the safest bet, says says PN Vijay, Portfolio Manager, on CNBC-TV18. The stock is currently trading at Rs 577, down 6.3% on the BSE.

10:51 AM - HDFC Bank is a good buy at Rs 1,010, says PN Vijay, Portfolio Manager, on CNBC-TV18. The stock is currently trading at Rs 1,010, down 5.8% on the BSE.

10:45 AM - Angel Broking recommends ‘buy’ on Bajaj Electricals, with a target price of Rs 487, reports CNBC Awaaz. The stock is currently trading at Rs 325, down 4.8% on the BSE.

10:38 AM - The next support for Unitech will be at Rs 43, says E Mathew, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 55.95, down 9.5% on the BSE.

10:31 AM - Punj Lloyd is an exciting and a very good bet at this level, says PN Vijay, Portfolio Manager, on CNBC-TV18. The stock is currently trading at Rs 165.10, up 0.6% on the BSE.

10:24 AM - One should look at exiting Tata Steel At Rs 260-270, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. But if it manages to close above Rs 270, then one may see a relief rally to Rs 330 here, he adds. The stock is currently trading at Rs 201.10, down 3.5% on the BSE.

10:17 AM - Aban Offshore is in a freefall zone, says E Mathew, technical analyst, on CNBC-TV18. It has next support at Rs 802 on a weekly chart. The stock is currently trading at Rs 907, up 0.3% on the BSE.

10:10 AM - Reliance Industries may see some shorting at Rs 1,300, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. For a trend reversal it needs to close above Rs 1,400, he says. On the downside, it may see levels like Rs 800, he adds. It is currently trading at Rs 1,204.50, down 0.9% on the BSE.

10:03 AM - The market has opened lower on Friday. Sensex is at 9,547, down 224 points from the previous close. Nifty is at 2877, down 65 points.

9:59 AM - Sensex can make an important bottom between 9,700 and 9,300, says E Mathew, technical analyst, on CNBC-TV18. The corresponding levels on the Nifty would be 2850-2600, he adds.

9:51 AM - Sharekhan has a ‘buy’ rating on Orient Paper, with a target price of Rs 40, reports CNBC Awaaz. The stock is at Rs 21.95 on the BSE.

9:45 AM - The market may see some downside at the opening today too, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. Do not put in fresh money in the market now; wait for it to stabilise first, he suggests. If you have to go short, then do so on bounces, he adds.

9:38 AM - The rupee has breached the 50 per dollar mark today, for the first time ever. It is currently at 49.91 per dollar.

9:31 AM - The Sensex has support at 9300 and one can expect a trading bounce today, says Anil Maghnani, technical analyst, on CNBC-TV18.

ninad avasare
Doubling Stocks

Panic Fall in Stock Exchange Worldwide Today

U.S

Dow Jones :- -5.69
Nasdaq :- -4.77%
S & P :- -6.10%

Europe

FTSE :- -4.46%
DAX :- -4.46%
CAC 40 :- -5.10%

Asia
Nikkei :- -6.92%

ninad avasare
Doubling Stocks