Stock Trading Tips, Analysis & News

4:14 PM - The week too ended on a positive note! Sensex gained 2%. But it was not as good for the midcaps and smallcaps; BSE Midcap index lost 1.1% and BSE Smallcap index, 2.5%. It was mixed for sectors; BSE IT index gained over 4%, BSE Auto index, 1.1% and BSE Bankex, 1%. But BSE Realty index lost over 5% this week.

4:06 PM - It was a volatile trading session for the market, though within a range. Sensex ended the day at 9,092, up 66 points from the previous close. Nifty shut shop at 2755, up just 2 points. BSE Midcap index gained 0.3%, while BSE Smallcap lost 0.3%. IT, auto and FMCG stocks gained today, while realty and metal stocks witnessed selling pressure. Top Sensex gainers include TCS, BHEL, Infosys and Mahindra & Mahindra. Biggest losers on the index were Reliance Infrastructure, L&T, Grasim and NTPC, among others.

3:57 PM - Hold Sintex Industries with a stoploss of Rs 150 for a target of Rs 190-200, says Rajesh Jain of SMC Global, on CNBC Awaaz. The stock is at Rs 177.35, up 8.9% on the BSE.

3:50 PM - RIL can go up to Rs 1,360-1,400, says E Mathew, technical analyst, on CNBC-TV18. The stock is at Rs 1,131.60, down 0.5% on the BSE.

3:43 PM - If the Nifty is able to sustain above 2650, then one can expect a target of over 2900 in the December series, says E mathew, technical analyst, on CNBC-TV18.

3:36 PM - It was a volatile day for the market with the F&O expiry today. Sensex ended the day at 9,097, up 71 points (provisional) from the previous close. Nifty closed flat at 2753 (provisional).

3:26 PM - Hold Suzlon with a closing stoploss of Rs 40 for now, says Rajesh Jain of SMC Global, on CNBC Awaaz. Look at exiting in a couter rally to possibily Rs 48-50, he adds.

3:20 PM - Angel Broking has a ‘buy’ rating on HT Media, with a target price of Rs 99, reports CNBC Awaaz. The stock is currently trading at Rs 70, up 2.9% on the BSE.

3:12 PM - Gujarat NRE Coke has support at Rs 22-19, says Rajesh Jain of SMC Global, on CNBC Awaaz. So you can hold or even buy the stock, keeping a stoploss of Rs 19, he suggests. It is currently trading at Rs 21.70, up over 2% on the BSE.

3:04 PM - Unitech may try to take some support and stabilise at Rs 22-20 now, says Rajesh Jain of SMC Global, on CNBC Awaaz. The stock is currently trading at Rs 22.40, down 13.5% on the BSE.

2:56 PM - SMC Global has a ‘buy’ rating on ITC, with a target price of Rs 194, reports CNBC Awaaz. Keep a stoploss of Rs 159, says the brokerage. The stock is currently trading at Rs 173.25, up 0.6% on the BSE.

2:49 PM - Edelweiss has a ‘buy’ rating on Reliance Industries, with a target price of Rs 1,550, reports CNBC Awaaz. The stock is currently trading at Rs 1,156, up 1.7% on the BSE.

2:39 PM - Tata Tea has short term support between Rs 500 and Rs 450, says Rajesh Jain of SMC Global, on CNBC Awaaz. Hold it for now, for a target of Rs 550-560, where you can book profits, he suggests. The stock is currently trading at Rs 521.75, up over 6% on the BSE.

2:32 PM - PINC has ’sell rating on Balrampur Chini, with a target price of Rs 29, reports CNBC Awaaz. The stock is currently trading at Rs 31.90, down 3.3% on the BSE.

2:25 PM - Dabur India looks attractive at current levels for the long term, says Gaurav Jain of Hem Securities, on CNBC Awaaz. The brokerage has a long term target of Rs 94 for the stock, he adds. It is currently trading at Rs 80.70, up 2.9% on the BSE.

2:18 PM - Angel Broking has a ‘buy’ rating on Jagran Prakashan, with a target price of Rs 70, reports CNBC Awaaz. The stock is currently trading at Rs 49.90, up 1.6% on the BSE.

2:10 PM - The market is mostly trading flat and in a range, but with a negative bias. Sensex is at 8,993, down 33 points from the previous close. Nifty is at 2728, down 24 points. BSE Midcap is down 0.9% and BSE Smallcap index, down 1%. It seems to be a good day for IT and FMCG stocks, but realty, metal and banking stocks are under selling pressure.

2:04 PM - Hem Securities has a ’sell’ rating on Sun Pharma, with a target price of Rs 940, reports CNBC Awaaz. The stock is currently trading at Rs 1,050, down 4.9% on the BSE.

1:55 PM - HSBC Global Research has maintained its ‘overweight’ rating on Bharat Heavy Electricals (BHEL) with a target price of Rs 1,750, reports CNBC-TV18. The stock is currently trading at Rs 1,340, up over 3% on the BSE.

1:47 PM - HSBC Global Research has maintained its ‘overweight’ rating on Reliance Industries with a target price of Rs 2160, reports CNBC-TV18. The stock is currently trading at Rs 1,132.40, down 0.4% on the BSE.

1:39 PM - Pinc Research maintains a buy call on 3i Infotech with a target of Rs 58, reports Zee Business. The stock is currently trading at Rs 33, down 0.15% on the BSE.

1:32 PM - JM Financial has kept a buy rating on Cairn India with a target price of Rs 158, reports CNBC-TV18. The stock is currntly trading at Rs 135.50 on the BSE.

1:24 PM - Pinc Research maintains a buy call on Titagargh Wagons with a target of Rs 360, reports Zee Business. The stock is currently trading at Rs 282, down 2.55% on the BSE.

1:17 PM - Pinc Research maintains a ‘buy’ call on Deepak Fertilisers with a target of Rs 80, reports Zee Business. The stock is currently trading at Rs 50, up 2.14% on the BSE.

1:10 PM - The market is trading flat. Sensex is at 9,033, up 7 points from the previous close. Nifty is at 2743, down 8 points. BSE Midcap index is down 0.9% and BSE Smallcap index, down 0.8%. IT and FMCG stocks are seing some buying, whereas realty and metal stocks are being dumped.

1:04 PM - Pinc Research maintains a buy rating on HEG with a target of Rs 205, reports Zee Business. The stock is currently trading at Rs 113, down 3.71% on the BSE.

12:57 PM - Buy Reliance Industries for the long term around Rs 850-1160 where the stock is likely to go as it is looking weak, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1135, down 0.19% on the BSE.

12:52 PM - Sharekhan maintains a buy call on Marico with a target of Rs 71, reports CNBC Awaaz. The stock is currently trading at Rs 52, up 0.10% on the BSE.

12:49 PM - India as a country will have to do much more on the security front post the Mumbai attacks, says Samir Arora of Helios Capital, on NDTV Profit. FIIs may be complacent going forward till stability returns in 2-3 months, he feels. Today the market may not see high volumes, he says.

12:41 PM - Angel Broking maintains a buy call on HT Media with a target of Rs 99, reports CNBC Awaaz. The stock is currently trading at Rs 70, up 2.94% on the BSE.

12:34 PM - Karvy Stock Broking maintains a buy call on Praj Industries with a target of Rs 100, reports Zee Business. The stock is currently trading at Rs 54, down 1.44% on the BSE.

12:29 PM - Crnindia.com maintains a buy call on Dr Reddy’s with a target of Rs 445 and stop loss of Rs 406, reports CNBC Awaaz. The stock is currently trading at Rs 429, up 1.21% on the BSE.

12:20 PM - The terror attack on Mumbai will have an impact on investment sentiments but we do not expect long-term disruption to the Indian market, says Mark Konyn, CEO of RCM, on CNBC TV18. The volumes are likely to reduce going forward and overall perception towards India will be hit and travel will be impacted, he adds.

12:15 PM - Though the short-term sentiments will be affected, people tend to have a short memory and things will look different in six months, says Rajen Shah of Angel Broking, on CNBC TV18. The market is likely to move up from July onwards, he adds.

12:07 PM - The terror attack on Mumbai has halted the trading upmove the market was getting into, says Rahul Mohindar, technical analyst, on CNBC-TV18. The market seems to have made a higher bottom around 2500 for Nifty and now it is likely to be stuck in a range of 2700-2800, he says. Now is the time for short and medium term traders to start thinking of going long once Nifty trades consistently above 2800, he adds.

12:00 PM - The Asian markets are trading in the positive. The Indian market is holding up and trading flat. The hotel and aviation stocks are under pressure following the terror attacks on Mumbai. Sensex is trading at 8989, down 37 points and Nifty is at 2734, down 17 points from the previous close. CNX Midcap index is down 0.60% and BSE Smallcap index is down 0.20%. The market breadth is negative with advances at 395 against declines of 702 on the NSE.

11:52 AM - Karvy Stock Broking maintains a buy call on EID Parry with a target of Rs 230, reports Zee Business. The stock is currently trading at Rs 132, down 0.75% on the BSE.

11:46 AM - Hem Securities maintains a sell call on Reliance Infrastructure with a target of Rs 460 and stop loss of Rs 516, reports CNBC Awaaz. The stock is currently trading at Rs 496, down 4.52% on the BSE.

11:40 AM - Hold ACC as it has resistance at Rs 450-460 and support at Rs 395, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 411, up 2.09% on the BSE.

11:30 AM - Crnindia.com maintains a buy call on Chambal Fertilsers with a target of Rs 37 and stop loss of Rs 31, reports CNBC Awaaz. The stock is currently trading at Rs 33, down 0.74% on the BSE.

11:20 AM - FIIs won’t put money in India easily despite the good economic data, says Nirmal Jain of India Infoline, on CNBC TV18. The market could see underperformance due to the terror attacks on Mumbai, the financial capital of the country, he adds.

11:12 AM - Q2 GDP has come in at 7.6% versus 7.9% (QoQ) and versus 9.3% (YoY), reports CNBC TV18. The CNBC Poll saw GDP at 7.25%. Q2 Construction sector growth is up 9.7% (YoY), Q2 manufacturing output is up 5% (YoY), Q2 farm output is up 2.7% (YoY).

11:05 AM - The market is holding up and trading flat. Sensex is trading at 9030, up 3 points and Nifty is at 2744, down 7 points from the previous close. CNX Midcap index is down 0.88% and BSE Smallcap index is down 0.43%. The market breadth is negative with advances at 311 against declines of 702 on the NSE.

10:56 AM - Aviation sector will be affected temporarily but not for the long term, says Ajay Singh, director of Spice Jet, on CNBC Awaaz. People have postponed their travel plans and we are facilitating them as much as we can, he adds. Spice Jet is currently trading at Rs 12, down 5% on the BSE.

10:47 AM - Emkay Shares and Securities maintains a buy call on NIIT with a target of Rs 42, reports Zee Business. The stock is currently trading at Rs 22, down 1.11% on the BSE.

10:38 AM - SMC Global maintains a buy call on ABB with a target of Rs 500 and stop loss of Rs 420, reports CNBC Awaaz. The stock is currently trading at Rs 430, down 3.53% on the BSE.

10:27 AM - Pinc Research maintains a buy call on Monnet Ispat with a target of Rs 230, reports Zee Business. The stock is currently trading at Rs 118, down 0.84% on the BSE.

10:20 AM - SMC Global maintains a buy call on ITC with a target of Rs 194 and stop loss of Rs 159, reports CNBC Awaaz. The stock is currently trading at Rs 171, down 0.73% on the BSE.

10:14 AM - The infrastructure space could be looked at right now, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. GVK Infrastructure and Punj Lloyd can be accumulated now, he adds. Nifty now has the potential to go to 2800 and this presents a trading opportunity to buy on dips, he adds.

10:09 AM - What are we trying to achieve by keeping market open today in Mumbai post the Wednesday attacks and it’s not fair, says KN Vaidyanathan of Alchemy Capital, on NDTV Profit. When 9/11 happened in US on Tuesday, NYSE opened the following Monday after taking stock of the entire situation, he says. It is unfair to keep business open and we are coming in the way of the army personnel by bringing almost 10,000 people to Nariman Point and Dalal Street where the asset management companies and most brokerage houses are located, he adds. It is false bravado on the part of the government to get back to work in the name of the spirit of Mumbai, he says.

10:02 AM - The Indian market sees a gap down opening on Friday. Sensex is trading at 8889, down 137 points and Nifty is at 2717, down 35 points from the previous close. CNX Midcap index is down 0.58% and BSE Smallcap index is down 0.08%. The market breadth is negative with advances at 114 against declines of 281 on the NSE.

9:56 AM - The terror attack on Mumbai may see the market open gap down as this is an attack at the heart of the financial capital, says VK Sharma, technical analyst, on Zee Business. But panic times present a great opportunity to invest into, he adds.

9:51 AM - The terror attacks on Mumbai will not affect investment sentiment, says Rakesh Jhunjhunwala, market investor, on NDTV Profit. If the market sees a panic opening, it will present a great opportunity to buy into this market, he adds.

9:45 AM - There will be lack of volumes in trade today as the Mumbai terror attack situation is still fluid, says Hardik Jain, technical analyst, on NDTV Profit. Most institutional offices are in Nariman Point where the situation is not yet normal, so many people would not be confident to return to work, he feels. But today being an important day due to F&O expiry settlement and inflation figures may have been the reason to keep the market open, he says. But personally, it would have been better to have kept the market close, he adds.

9:36 AM - Rupee markets open flat at 49.64 versus 49.51 on Wednesday, reports CNBC TV18.

9:31 AM - India’s long-term growth story is intact and the terror attack on Mumbai may see panic bottom opening, says Tom Hougard, chief market strategist, on NDTV Profit. But panic times are the best opportunity to invest into any market and those who have faith in India can use this opportunity to their advantage, he adds.

ninad avasare
Doubling Stocks

4:00 PM - It was a good day for Asian markets as China slashed lending rates by the most in past 11 years thus boosting market sentiments. The Indian market played catch-up today and rallied in last hour of trade to close at the high point of the day. Banking and metal stocks led the rally. Sensex shut shop at 9026, up 331 points and Nifty at 2752, up 98 points from the previous close. CNX Midcap index was up 0.59% and BSE Smallcap index was down 0.56%. BSE Bankex index was up 6% and BSE Metal index up 3.5%. The market breadth was negative with advances at 509 against declines of 717 on the NSE. Top Nifty gainers included ICICI Bank, HDFC Bank and SAIL while losers included Siemens, Unitech and Suzlon.

3:55 PM - Buy Nalco with a target price of Rs 195-204, says Husseini Wadharia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 165, he adds. The stock is currently trading at Rs 188, up 6.4% on the BSE.

3:52 PM - Buy Sintex Industries with a target of Rs 220 in 12 months, says Daljeet Singh Kohli of Emkay Shares and Stock Brokers, on CNBC TV18. The stock is currently trading at Rs 162, up 2.86% on the BSE.

3:50 PM - Buy ONGC around Rs 700 with a target price of Rs 725-740, says Husseini Wadharia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 680, he adds. The stock is currently trading at Rs 700, up 2.11% on the BSE.

3:45 PM - The market may rally in December and one can be positive in the power space - buy Tata Power, Reliance Power and NTPC, says Rajat Bose, technical analyst, on CNBC TV18. One can also be positive on banking space in SBI and HDFC Bank, he adds.

3:42 PM - The market ended at the day’s high, led by banking stocks ahead of inflation numbers tomorrow. Sensex closed at 9011, up 315 points (provisional) and Nifty at 2752, up 98 points (provisional) from the previous close. CNX Midcap index was up 0.57% and BSE Smallcap index was down 0.46%. The market breadth was negative with advances at 531 against declines of 692 on the NSE.

3:31 PM - Hold on to Nifty long with stop loss of 2730 and target of 2970, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.

3:29 PM - The market has given short-term trade buying opportunity for the first time in 10 days, Nifty is headed for 2909-2958 if it breaches 2784, says Anil Maghnani, technical analyst, on CNBC TV18, as closing market strategy.

3:26 PM - These are not normal times as news from the US tends to change the picture swiftly for the world markets, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. Nifty has resistance at 2900 and one should book partial profits at these levels, he adds.

3:23 PM - The market seems to have made a bottom and Nifty around 2450 is a good bottom for December, says Deven Choksey of KR Choksey, on CNBC-TV18. Nifty has resistance at 2950-3000 and if it sustains these levels for a few days in December then stability will return in second half of the month, he adds.

3:21 PM - Buy FDC around Rs 26 with a target price of Rs 32, says Neerja Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 22, she adds. The stock is currently trading at Rs 27, up 0.18 on the BSE.

3:16 PM - Sell Maruti Suzuki with a target price of Rs 500-480, says Husseini Wadharia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 540, he adds. The stock is currently trading at Rs 527, down 1.4% on the BSE.

3:11 PM - Buy NTPC around Rs 150 with a target price of Rs 175, says Neerja Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 135, she adds. The stock is currently trading at Rs 160, up 4.62% on the BSE. Sensex crosses 9000, is trading at 9015, up 320 points.

3:05 PM - Sell Reliance Communications with a target price of Rs 182-174, says Husseini Wadharia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 200, he adds. The stock is currently trading at Rs 199, up 1.82% on the BSE.

2:59 PM - The Asian markets closed mixed while European markets are trading weak. The Indian market is looking good as it puts on some more weight. Sensex is trading at 8922, up 227 points and Nifty is at 2722, up 68 points from the previous close. CNX Midcap index is up 0.14% and BSE Smallcap index is down 0.89%. The market breadth is negative with advances at 470 against declines of 736 on the NSE.

2:52 PM - Buy MTNL around Rs 67 with a target price of Rs 76, says Neerja Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 63, she adds. The stock is currently trading at Rs 72, up 1.62% on the BSE.

2:46 PM - China cuts CRR by 100bps, reports NDTV Profit. China cuts one year lending rate to 5.58% versus 6.66%. China cuts one year deposit rate to 2.5% versus 3.6%.

2:41 PM - Sell SBI with a target price of Rs 1000-970, says Husseini Wadharia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 1100, he adds. The stock is currently trading at Rs 1076, up 0.36% on the BSE.

2:36 PM - Buy Andhra Bank around Rs 50 with a target price of Rs 61, says Neerja Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 45, she adds. The stock is currently trading at Rs 51, down 1.15% on the BSE.

2:31 PM - Credit Suisse maintains an outperformer rating and recommends buy on Infosys with a target of Rs 1650, reports NDTV Profit. The stock is currently trading at Rs 1154, down 2.20% on the BSE.

2:24 PM - Hold Titan Industries as it has a short-term target of Rs 910 and medium term target of Rs 1060, says Jatindar Sharma, technical analyst, on CNBC TV18. Maintain a stop loss of Rs 825, he adds. The stock is currently trading at Rs 886, up 0.49% on the BSE.

2:18 PM - Credit Suisse maintains an outperformer rating and recommends buy on TCS with a target of Rs 725, reports NDTV Profit. The stock is currently trading at Rs 509, up 1.26% on the BSE.

2:10 PM - The market is volatile ahead of F&O expiry tomorrow, says Rajesh Baheti, technical analyst, on CNBC TV18. One can expect a rally post the F&O expiry as market will then take the positive global cues, he feels. Nifty could rally to 3000 in a jiffy, as bear market pullback rallies can surprise easily, he adds.

2:05 PM - The market has turned choppy. Sensex is trading at 8782, up 87 points and Nifty is at 2686, up 32 points from the previous close. CNX Midcap index is down 0.63% and BSE Smallcap index is up 1.21%. The market breadth is negative with advances at 393 against declines of 797 on the NSE.

1:53 PM - Buy Titan Industries around Rs 850 with a target price of Rs 1000, says Neerja Jain, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 820, she adds. The stock is currently trading at Rs 886, up 0.49% on the BSE.

1:46 PM - Credit Suisse maintains an outperformer rating and recommends buy on Wipro with a target of Rs 340, reports NDTV Profit. The stock is currently trading at Rs 238, up 4.22% on the BSE.

1:40 PM - Sell Jindal Steel with a target of Rs 620, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 694, down 1.57% on the BSE.

1:33 PM - Buy Tata Power on dips as it has a medium term target of Rs 920-930, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 641, down 1.6% on the BSE.

1:26 PM - Emkay Shares and Stock Brokers maintains a buy call on BHEL with a target of Rs 1520, reports Zee Business. The stock is currently trading at Rs 1265, down 1.36% on the BSE.

1:22 PM - Hold Akruti City as it has a medium term target of Rs 720-725, says Jatindar Sharma, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 620, he adds. The stock is currently trading at Rs 670, up 3.12% on the BSE.

1:15 PM - The Asian markets are trading firm. The Indian market has turned slightly choppy. Sensex is trading at 8748, up 52 points and Nifty is at 2668, up 14 points from the previous close. CNX Midcap index is down 0.80% and BSE Smallcap index is down 1.10%. The market breadth is negative with advances at 368 against declines of 798 on the NSE.

1:06 PM - Macquarie Research has an ‘underperformer’ rating on Siemens, with a target of Rs 214, reports CNBC-TV18. The stock is at Rs 225.90, down 15.7% on the BSE.

12:58 PM - NTPC has support at Rs 135-140, where one can look at buying the stock, says Prakash Gaba, technical analyst, on CNBC Awaaz. On the upside, it will face resistance at Rs 170, he adds. The stock is currently trading at Rs 153, down 0.4% on the BSE.

12:50 PM - Indiabulls Securities has upgraded its rating on Patni Computer Systems to buy with a target price of Rs 142, reports CNBC-TV18. The stock is at Rs 121.75, up 3.2% on the BSE.

12:42 PM - GMR Infrastructure looks weak on technical charts, says Prakash Gaba, technical analyst, on CNBC Awaaz. It will face strong resistance at Rs 75, where one can look to sell it, he suggests. For now, hold with a stoploss of Rs 50, he adds. The stock is currently trading at Rs 53.90, down 1.3% on the BSE.

12:34 PM - It is best to exit DLF now, says Prakash Gaba, technical analyst, on CNBC Awaaz. Do not buy or average the stock here, as there’s further weakness here, he suggests. It is currently trading at Rs 187.40, down 0.4% on the BSE.

12:26 PM - SAIL is weak, but can go up to Rs 80 on a bounce, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 64.20, up 1.3% on the BSE.

12:17 PM - Pranav Securities has a ’sell’ rating on Grasim, with a target price of Rs 824, reports CNBC Awaaz. The stock is currently trading at Rs 893.10, down 0.4% on the BSE.

12:10 PM - One can buy GVK Power at Rs 12-10 and sell at Rs 20, which is a strong resistance, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 16.43, up 0.7% on the BSE.

12:03 PM - Look at exiting IDFC at Rs 64-65, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 50.20, down 1.7% on the BSE.

11:56 AM - RNRL has a weak structure, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has strong resistance at Rs 45 and then at Rs 54, he adds. Look at exiting the stock at resistance levels, he suggests. It is currently trading at Rs 39.55, down 0.9% on the BSE.

11:49 AM - Sensex and Nifty must re-test supports before consolidating, says Darryl Guppy of guppytraders.com, on CNBC-TV18. Nifty has support at 2400 and will face resistance at 2900-3600, he adds. And Sensex has a strong support band at 7,600-8,500, he says.

11:41 AM - In banks, heavyweights like SBI, HDFC and HDFC Bank may crack heavily in the next few days, says Neppolian Pillai, technical analyst, on CNBC-TV18. And ICICI Bank does not dictate the trend of the sector anymore, he adds.

11:33 AM - Sesa Goa has not yet bottomed out, says Prakash Gaba, technical analyst, on CNBC Awaaz. On the upside, it will face strong resistance at Rs 70, he adds. The stock is currently trading at Rs 66.50, down 3.2% on the BSE.

11:25 AM - JP Associates looks weak techically, says Prakash Gaba, technical analyst, on CNBC Awaaz. Do not look at buying it now, as it can fall to Rs 33, he suggests. The stock is currently trading at Rs 54.85, down 0.3% on the BSE.

11:17 AM - Reliance Industries is in a strong downtrend and will face resistance at Rs 1,450, says Darryl Guppy of guppytraders.com, on CNBC-TV18. It has support at Rs 1,000-950, he adds. But its technical target comes at Rs 750, he says. The stock is currently trading at Rs 1,070.10, down 1.2% on the BSE.

11:10 AM - Realty market is due for a correction, given the demand and affordability, says Tushar Poddar of Goldman Sachs (India), on CNBC-TV18. Estimate 30% fall in real estate prices for affordability to catch up, he adds. Construction activity will slow, which will impact a sizeable portion of the economy, he says.

11:02 AM - The market has slipped into the negatve terrain. Sensex is at 8,685, down 10 points from the previous close. Nifty is flat at 2653. BSE Midcap index is down 0.8% and BSE Smallcap index, down 0.6%. FMCG and oil & gas stocks are seeing some buying, whereas realty, capital goods and power stocks are being dumped.

10:56 AM - United Spirits has support at Rs 675 and will face resistance at Rs 975, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 822.10, down 2.6% on the BSE.

10:49 AM - Axis Bank can fall to Rs 276, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 374, down 2.1% on the BSE.

10:42 AM - Crude now has support at $48 and then at $41, says Darryl Guppy of guppytraders.com, on CNBC-TV18. On the upside, it has resistance at $69-71, he adds.

10:34 AM - Voltas is looking weak and it may fall to Rs 32, says Neppolian Pillai, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 52.50 on the BSE.

10:27 AM - There’s more downside in Tata Motors and it can fall to Rs 120, says Ashwani Gujral, technical analyst, on CNBC Awaaz. On the upside, it may not be able to go beyond Rs 145-150, he adds. The stock is currently trading at Rs 136.40, up 0.4% on the BSE.

10:18 AM - If SBI falls below Rs 1,021, then it can fall to Rs 995, says Neppolian Pillai, technical analyst, on CNBC-TV18. But the fall may not end there and it may eventually slip to Rs 650, he adds. The stock is currently trading at Rs 1,059.95, down 1.1% on the BSE.

10:11 AM - GVK Power seems to have good support at Rs 12-10, says Neppolian Pillai, technical analyst, on CNBC-TV18. But it needs to convincingly move beyond Rs 20 to show strength and have targets of Rs 24-30, he adds. The stock is at Rs 16.31, up 8.3% on the BSE.

10:03 AM - The market has opened slightly higher on Wednesday, led up mainly by the financials. Sensex is at 8,764, up 69 points from the previous close. Nifty is at 2672, up 18 points.

9:57 AM - SBI can probably fall to Rs 980, says Ashwani Gujral, technical analyst, on CNBC Awaaz. On the upside, it will face resistance at Rs 1,180-1,185, he adds. The stock is at Rs 1,072.15 on the BSE.

9:50 AM - The Nifty may not be able to go beyond 2950 now, says Neppolian Pillai, technical analyst, on CNBC-TV18. On the downside, the support for it would come at 1800 or so and for the Sensex, at 7,200, he adds.

9:44 AM - Reliance Industries has resistance at Rs 1,190 now, says Ashwani Gujral, technical analyst, on CNBC Awaaz. On the downside, if it falls below Rs 1,030, then it can go down till Rs 930, he adds. The stock is at Rs 1,071.70, down 6.4% on the BSE.

9:37 AM - Global cues do not seem to help now and smart money is selling into the market on gap ups, says Ashwani Gujral, technical analyst, on CNBC Awaaz. For now, the Nifty is in the range of 2500-2800, he adds.

ninad avasare
Doubling Stocks

4:02 PM - It was a bad day for the Indian market despite positive global cues. Sensex slipped 530 points and Nifty nearly 150 points from the day’s highs. Sensex shut shop at 8695, down 207 points and Nifty at 2654, down 54 points from the previous close. CNX Midcap index was down 0.45% and BSE Smallcap index was down 0.91%. The market breadth was negative with advances at 459 against declines of 750 on the NSE. Top Nifty gainers included SAIL, Hero Honda and Tata Motors while losers included Suzlon, Mahindra & Mahindra and HCL Technologies.

3:59 PM - Buy BHEL on dips as it has a medium term target of Rs 1410, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1283, down 1.39% on the BSE.

3:56 PM - Sell BHEL with a target price of Rs 1291, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 1370, he adds. The stock is currently trading at Rs 1283, down 1.39% on the BSE.

3:53 PM - Sell Maruti Suzuki with a target price of Rs 507, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 560, he adds. The stock is currently trading at Rs 530, up 0.10% on the BSE.

3:50 PM - Corporate India is likely to underperform and the next two dirty quarters could take its toll on the market, says Mehraboon Irani of Centrum Broking on NDTV Profit. The market is likely to test the October lows in the next one to two months, he adds.

3:45 PM - The F&O internals will rule ahead of the expiry two days later and the market is likely to see sharp volatility for the next few days, says Rajesh Jain of Pranav Securities, on CNBC TV18. The market could even see a sharp momentary dip below 2500 on Nifty in the first week of December, he says. The market is likely to be in a Nifty range of 2500-3000 with prolonged negatives (election uncertainty), he says.

3:40 PM - It was a day of reversal with a bad close for the Indian market despite good global cues. Sensex and Nifty slipped nearly 6% from the day’s high at close. Sensex closed at 8649, down 253 points (provisional) and Nifty at 2638, down 69 points (provisional) from the previous close. CNX Midcap index was down 0.61% and BSE Smallcap index was down 1%. The market breadth was negative with advances at 466 against declines of 754 on the NSE.

3:34 PM - Close all open positions and initiate Nifty longs only above 2760, says Vijay Bhambwani, technical analyst, on CNBC TV18 as closing market strategy.

3:31 PM - Hold Nifty shorts with stop loss of 2770 and target of 2500, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.

3:29 PM - Buy Punj Lloyd with a target of Rs 190, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 132, he adds. The stock is currently trading at Rs 137, down 3.82% on the BSE.

3:27 PM - Sell Bombay Rayon with a target price of Rs 124, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 153, he adds. The stock is currently trading at Rs 134, up 2.79% on the BSE.

3:21 PM - Buy Cairn India with a target price of Rs 165, says Prasad Kushe of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 132, he adds. The stock is currently trading at Rs 138, up 3.44% on the BSE.

3:15 PM - Sell Hindustan Zinc with a target price of Rs 309, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 352, he adds. The stock is currently trading at Rs 325, down 1.12% on the BSE.

3:08 PM - Nifty around 2400-2600 are good levels for long-term investors to accumulate stocks, says Sandeep Shah of Sampriti Capital, on CNBC TV18. While US markets have touched fresh lows this week, the Indian market has bounced back and shown marginally good performance, he adds. The heydays of the telecom space are over, investors should pare down the returns and the best bet in this space are Reliance Communications and Idea, he adds.

3:03 PM - The Indian market is at the day’s lows dragged down by heavies like Reliance Industries and SBI. Sensex is trading at 8776, down 126 points and Nifty is at 2675, down 33 points from the previous close. CNX Midcap index is up 0.07% and BSE Smallcap index is down 0.65%. The market breadth is negative with advances at 541 against declines of 651 on the NSE.

2:58 PM - SMC Global maintains a buy call on Sterling Biotech with a target of Rs 240, reports CNBC Awaaz. Maintain a stop loss of Rs 170 and the stock is currently trading at Rs 193, up 2.11% on the BSE.

2:52 PM - Buy Hero Honda with a target price of Rs 792-832, says Prasad Kushe of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 728, he adds. The stock is currently trading at Rs 745, up 1.73% on the BSE.

2:45 PM - SMC Global maintains a sell call on Hotel Leela with a target of Rs 15.5, reports CNBC Awaaz. Maintain a stop loss of Rs 21 and the stock is currently trading at Rs 19.10, up 0.53% on the BSE.

2:39 PM - Sell HDFC Bank with a target price of Rs 833, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 900, he adds. The stock is currently trading at Rs 846, up 1.74% on the BSE.

2:34 PM - Crnindia.com maintain a buy call on Nalco with a target of Rs 198, reports CNBC Awaaz. Maintain a stop loss of Rs 175 and the stock is currently trading at Rs 182, up 0.25% on the BSE.

2:28 PM - Sharekhan maintains a buy call on Selan Exploration with a target of Rs 250 in 8-12 months, reports Zee Business. The stock is currently trading at Rs 136, up 5% on the BSE.

2:21 PM - The market has fallen sharply and cannot fall beyond a point, says Sameer Arora of Helios Capital Securities, on CNBC TV18. There are reasonable prospects of the market seeing a rally in December, he adds.

2:15 PM - The market has over corrected and now looks good value for money for long-term investors, says Sandeep Shenoy of Pinc Research, on CNBC TV18. Even for the short term, one can play the market as it is likely to see a bounce, he adds.

2:08 PM - The European markets have weakened. The Indian market is off the day’s highs and has slipped into the negative. Sensex is trading at 8879, down 23 points and Nifty is at 2706, down 2 points from the previous close. CNX Midcap index is up 0.59% and BSE Smallcap index is up 0.14%. The market breadth is positive with advances at 612 against declines of 546 on the NSE.

1:59 PM - Buy Reliance Industries with a target price of Rs 1250-1400, says Prasad Kushe of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 1070, he adds. The stock is currently trading at Rs 1122, down 2% on the BSE.

1:50 PM - Sharekhan maintains a buy call on Indo Tech Transformers with a target of Rs 375 in 8-12 months, reports CNBC Awaaz. The stock is currently trading at Rs 242, up 10.15% on the BSE.

1:43 PM - Hold Graphite India as it has a short-term resistance of Rs 38-45, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 34, up 0.14% on the BSE.

1:36 PM - Anand Rathi Securities maintains a buy call on TCS with a target of Rs 650, reports CNBC Awaaz. The stock is currently trading at Rs 516, down 0.90% on the BSE.

1:28 PM - The Asian markets are trading firm and European markets have also opened in the positive. The Indian market is quietly positive and looking good. Sensex is trading at 8977, up 74 points and Nifty is at 2739, up 31 points from the previous close. CNX Midcap index is up 0.90% and BSE Smallcap index is up 0.38%. The market breadth is positive with advances at 762 against declines of 359 on the NSE.

1:19 PM - PNB has support at Rs 360 and will face resistance at Rs 510, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It is better to switch to stocks like SBI or HDFC which can give better returns sooner, he suggests. PNB is currently trading at Rs 439, up 0.10% on the BSE.

1:11 PM - Tantia Constructions has bagged orders worth Rs 271 crore, reports CNBC TV18. The stock is currently trading at Rs 32, up 2.99% on the BSE.

1:00 PM - UCO Bank has support at Rs 22 and resistance at Rs 34, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. Sell the stock on the upside, he suggests. It is currently trading at Rs 26.35, up 2.1% on the BSE.

12:53 PM - Around January, the bear mkt could come to an end, says Gautam Shah of JM Financial Services, on Zee Business. But this does not mean a V-shaped recovery; the market will condsolidate and make higher tops and higer bottoms, he explains. In fact, in the next 12 months, the Sensex may go up to 14,000, he says.

12:45 PM - Bank of India has support at Rs 210 and resistance at Rs 275, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. The stock is currently trading at Rs 241, up 1.5% on the BSE.

12:37 PM - Continue to hold Kotak Mahindra Bank for now, says Vijay Bhambwani, techical analyst, on CNBC Awaaz.The stock has support at Rs 240 and will face resistance at Rs 410, he adds. It is currently trading at Rs 325.10, up 3.9% on the BSE.

12:30 PM - The market may see key indexes breaking October lows in the next 4-6 weeks, says Gautam Shah of JM Financial Services, on Zee Business. The organisation has Sensex target of 7,000 and for the Nifty, 2,050, he adds.

12:22 PM - SBI can go up to Rs 1,350 in the short to medium term, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. It has support at Rs 1,000, he adds. The stock is currently trading at Rs 1,138, down 0.8% on the BSE.

12:14 PM - Axis Bank has support at Rs 360 and will face resistance at Rs 500-510, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. Hold the stock for now and sell it at resistance level, he suggessts. The stock is currently trading at Rs 398.65, up 0.3% on the BSE.

12:06 PM - Yes Bank continues to remain under pressure, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. The stock will face strong resistance at Rs 75-80, where one should exit it, he suggests. It has support at Rs 52, he says. The stock is currently trading at Rs 62, up 4.5% on the BSE.

11:59 AM - Bank of Baroda has support at Rs 200 and will face resistance at Rs 290, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. The stock is currently trading at Rs 254.80 on the BSE.

11:52 AM - One can look at buying/averaging Sesa Goa at Rs 50-40 for the next metal upcycle, that may happen in the next 2 years or so, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. The stock is currently trading at Rs 66.25, up 5.7% on the BSE.

11:44 AM - Canara Bank has support at Rs 135 and will face resistance at Rs 185, says Vijay Bhambwani, techical analyst, on CNBC Awaaz. It is better to sell this stock and buy SBI or HDFC for better returns, he suggests. Canara Bank is currently trading at Rs 159, up 0.6% on the BSE.

11:36 AM - Union Bank has support at Rs 110, close to which one can buy the stock, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. On the upside, it will face resistance at Rs 160, around which one can book profits, he adds. The stock is currently trading at Rs 139.65, up 0.1% on the BSE.

11:29 AM - In the short term, HDFC Bank can go up to Rs 980, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. And in the medium to long term, it can go up to Rs 1,060-1,200, he adds. The stock is currently trading at Rs 865, up over 4% on the BSE.

11:22 AM - ICICI Bank has support at Rs 282, but it may fall a little below this on a bad market day, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. One can look at buying the stock, but only for long term, say 2-3 years, he suggests. It is currently trading at Rs 337, up 4.5% on the BSE.

11:13 AM - Karvy Stock Broking recommends ‘buy’on Patel Engineering, with a target price of Rs 312, reports CNBC-TV18. The stock is currently trading at Rs 121, up 1.1% on the BSE.

11:05 AM - The market is still trading higher, though off the day’s highs. Sensex is at 9,046, up 143 points from the previous close. Nifty is at 2755, up 46 points. BSE Midcap index is up 1.4% and BSE Smallcap index, up 1.1%. Metal, banking, consumer durables and power stocks are attracting buying interest.

11:01 AM - RBI is likely to cut rates within next week, says Rajeev Malik of Macquarie, on CNBC-TV18. And over the next few months, one could see the RBI cut Repo, CRR, SLR by 200 points, he adds.

10:51 AM - Satyam has key support at Rs 220 and if this breaks, then it can fall to Rs 165, says Ashwani Gujral, technical analyst, on CNBC-TV18. On the upside, it will face resistance at Rs 245, he adds. It looks the weakest among the IT heavyweights, he says. The stock is currently trading at Rs 238.30, up 3.8% on the BSE.

10:43 AM - NTPC will face resistance at Rs 166-167, but once this is crossed, it can go up to Rs 190-195, says Hardik Jain of ISJ Securities, on CNBC Awaaz. It has support at Rs 130-145, he adds. The stock is currently trading at Rs 154.50, up 0.9% on the BSE.

10:36 AM - Reliance Power may go up to Rs 125-130, but can again fall to two-digits from there, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 114.10, up 2.8% on the BSE.

10:28 AM - Idea Cellular can go up to Rs 53-54, where one should look to exit the stock, says Ashwani Gujral, technical analyst, on CNBC-TV18. It has support at Rs 40, he adds. The stock is currently trading at Rs 47.05, up 2.2% on the BSE.

10:21 AM - Downside is limited in TCS and Infosys and one may look at buying the stocks for the long term now, says Hardik Jain of ISJ Securities, on CNBC Awaaz.

10:15 AM - Reliance Infrastructure can go up to Rs 560-580 maximum, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 526.30, up 4.3% on the BSE.

10:08 AM - There’s still some downside in SBI and it may re-test Rs 1,050-1,025 again, says Hardik Jain of ISJ Securities, on CNBC Awaaz. Since momentum indicators here are still negative, it is best to avoid the stock for now, he suggests. It is currently trading at Rs 1,179, up 2.8% on the BSE.

10:02 AM - The market has opened higher on Tuesday. Sensex is at 9,162, up 259 points from the previous close. Nifty is at 2775, up 67 points.

9:57 AM - There’s another 15-20% downside in Tata Communications, says Hardik Jain of ISJ Securities, on CNBC Awaaz. On a pullback, it can go to Rs 360-370, where one can think of going long, not before that, he adds. The stock is at Rs 397.05 on the BSE.

9:49 AM - The main trend of the market is still down, says Ashwani Gujral, technical analyst, on CNBC-TV18. So remain in positional shorts, he suggests. Once the Nifty falls below 2500, the downside will start, he says. On the upside, it has resistance at 2860-2900, he adds.

9:43 AM - Reliance Capital can go up to Rs 594-600 in a pullback, where it will face some resistance, says Hardik Jain of ISJ Securities, on CNBC Awaaz. Once this level is crossed, it can go up to Rs 800 too, he adds. The stock is at Rs 464.85 on the BSE.

9:36 AM - The rupee looks weak technically and can fall to 52-53 per dollar, says Hardik Jain of ISJ Securities, on CNBC Awaaz.

ninad avasare
Doubling Stocks