Running commentary of the markets will resume when they open on Monday, 29 December
Last trading day: Friday, 26 December
4:30 PM - It was a bad week for the Indian market. Experts feel the market will stay ranged and lackluster until mid January (earnings season). This week's poor figures are: Sensex was down 8%, Nifty down 7%. BSE Midcap index and BSE Smallcap index were both down 5% over the week. BSE Realty index was down 13%, BSE Metal index down 9%. All five indices - BSE IT index, BSE Auto index, BSE Bankex, BSE Oil & Gas index and BSE Consumer Goods index - were down 8%. » Send to friends
4:24 PM - The Asian markets closed mixed and European markets were quiet. The Indian market had a disappointing close with selling in last half hour. Sensex closed at 9328, down 239 points and Nifty at 2857, down 59 points from the previous close. CNX Midcap index was down 1.22% and BSE Smallcap index was down 1.43%. There was selling in banking, IT and realty space. The market breadth was negative with advances at 339 against declines of 859 on the NSE. Top Nifty gainers included RPL, Maruti and Nalco while losers included DLF, Reliance Infrastructure and ICICI Bank. » Send to friends
4:20 PM - Hold Idea Cellular and one can exit the stock when it crosses Rs 60, says Salil Sharma, technical analyst, on CNBC Awaaz. One can buy the stock around Rs 42 for the long term, he adds. The stock is currently trading at Rs 49, up 2.2% on the BSE. » Send to friends
4:15 PM - Hold Dena Bank as it has resistance at Rs 36 after which one can see an upmove, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Maintain a stop loss of Rs 28, he adds. The stock is currently trading at Rs 32, up 2.78% on the BSE. » Send to friends
4:10 PM - Sell TTML when it crosses Rs 22 and switch to better stocks like Idea and Bharati Airtel, says Salil Sharma, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 18, he adds. The stock is currently trading at Rs 20, down 0.5% on the BSE. » Send to friends
4:05 PM - The year 2009 will throw up many investment opportunities, as inflation is likely to go down to 2-3% by March-June, says SP Tulsian, Investment Advisor, on CNBC-TV18. Interest rates are also likely to be around 5%, he feels. In such a scenario, rate sensitive sectors like realty, auto, banks and the sugar space look good for the long term, he adds. » Send to friends
4:00 PM - The first half of 2009 is likely to be bad as we go into results season, but gradually the scenario will improve in the second half, says Bharat Sheth of Techno Shares and Stock Broking, on NDTV Profit. On the whole 2009 will offer better opportunity and will be a better year than 2008, he adds. » Send to friends
3:54 PM - The market is almost in a holiday mode this weekend and the selloff may continue next week, says E Mathew, technical analyst, on CNBC TV18. Nifty has strong support at 2800-2810 and if that breaks then it could slide further to 2750-2700-2650, he adds. On the year 2009, it will be a great opportunity for investment, he feels. Sugar stocks have bottomed out and rate sensitives like auto will also offer opportunity, he adds. » Send to friends
3:50 PM - The first leg of the trading rally is over, Nifty range on the lower side is 2750-2800 and upper side is 3100-3150, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Nifty has strong support at 2800-2850 and only after the earnings season will one get a decisive move in this market, he feels. January may see a positive close as the market has already discounted negative earnings, he adds. » Send to friends
3:46 PM - The market is likely to continue to see short covering even next week, says Shahina Mukadam of IDBI Capital, on CNBC Awaaz. Nifty upside is seen around 3200 and 2600 on the downside, she adds. The market is likely to trade with low volumes till January 10 when earnings will begin and then the market trend will be clear, she feels. » Send to friends
3:40 PM - It was a disappointing close for the market. Sensex closed at 9333, down 234 points (provisional) and Nifty was at 2863, down 53 points (provisional) from the previous close. CNX Midcap index was down 1.2% and BSE Smallcapindex was down 1.48%. The market breadth was negative with advances at 366 against declines of 826 on the NSE. » Send to friends
3:29 PM - Hold on to Nifty short positions with stop loss of 2905 and target of 2770, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy. » Send to friends
3:28 PM - Buy Ranbaxy with a target of Rs 260 and stop loss of Rs 195, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 217, up 0.8% on the BSE. » Send to friends
3:25 PM - Buy Ranbaxy with target of 235-270-300, says Salil Sharma, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 180, he adds. The stock is currently trading at Rs 217, up 0.8% on the BSE. » Send to friends
3:21 PM - Buy Genus Power with a target of Rs 125 and stop loss of Rs 95, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 104, down 6.43% on the BSE. » Send to friends
3:15 PM - Sell TCS on any rally with target of 510-512, says Salil Sharma, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 450, he adds. The stock is currently trading at Rs 471, down 1.5% on the BSE. » Send to friends
3:10 PM - Buy Triveni Engineering with a target of Rs 55 and stop loss of Rs 39, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 44, down 0.5% on the BSE. » Send to friends
3:06 PM - The intermediate up trend is over and market is in a downtrend, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. Nifty has support at 2700-2750 and one can go short on every rally, he adds. » Send to friends
3:02 PM - The market is looking bad. Sensex is trading at 9373, down 195 points and Nifty is at 2866, down 50 points from the previous close. CNX Midcap index is down 0.99% and BSE Smallcapindex is down 0.68%. The market breadth is negative with advances at 407 against declines of 760 on the NSE. » Send to friends
2:55 PM - Buy Areva T&D with a target of Rs 240 in 12 months, says Kamlesh Kotak of Kotak Securities, on CNBC TV18. The stock is currently trading at Rs 191, up 2.62% on the BSE. » Send to friends
2:48 PM - Buy PNB with a target of Rs 560 and stop loss of Rs 470, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 503, down 0.78% on the BSE. » Send to friends
2:40 PM - Wipro now seems to be headed towards Rs 180-185, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 228, down 1.55% on the BSE. » Send to friends
2:31 PM - Buy Tata Communications with a target of Rs 560 and stop loss of Rs 480, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 499, down 1.55% on the BSE. » Send to friends
2:24 PM - Educomp Solutions looks strong on the charts, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. It has support at Rs 2,250-2,300, where one can look at buying the stock for a short-term target of Rs 3,100, she says. It is currently trading at Rs 2495, down 2.69% on the BSE. » Send to friends
2:17 PM - SMC Global has a 'sell' rating on Rolta, with a target price of Rs 82 and stop loss of Rs 143.50, reports CNBC Awaaz. The stock is currently trading at Rs 116, down 4.19% on the BSE. » Send to friends
2:10 PM - The market is likely to see a positive to flat closing today, says Gaurang Shah of Geojit Financials on CNBC Awaaz. The market is seeing some profit booking with pressure on IT and banking stocks, he says. If Nifty breaks 2900 the next support is at 2865-2840, he adds. » Send to friends
2:02 PM - The market is trading weak. Sensex is trading at 9456, down 112 points and Nifty is at 2888, down 28 points from the previous close. CNX Midcap index is down 0.37% and BSE Smallcapindex is down 0.12%. The market breadth is negative with advances at 492 against declines of 656 on the NSE. » Send to friends
1:56 PM - Satyam has strong support at Rs 110-114, says Ashwani Gujral, technical analyst, on CNBC-TV18. It can go upto Rs 157-160 maximum, he adds. There, it is a good level to short the stock, he suggests. It is currently trading at Rs 138, up 2.9% on the BSE. » Send to friends
1:50 PM - Satyam stock continues to be in the news. New twist being that Left has demanded the removal of Satyam independent director Rammohan Rao from the government panel, reports NDTV Profit. Rao was part of the panel to select SEBI chairman. The stock is currently trading at Rs 142, up 6.5% on the BSE. » Send to friends
1:43 PM - Hold ONGC as it has resistance at Rs 740 where one can book profits, says Srikant Chouhan, technical analyst, Kotak Securities, on CNBC Awaaz. The stock has support at Rs 640 and it is currently trading at Rs 655, down 2.3% on the BSE. » Send to friends
1:35 PM - HEM Securities maintains a sell call on BHEL with a target of Rs 1290 and stop loss of Rs 1396, reports CNBC Awaaz. The stock is currently trading at Rs 1355, up 0.20% on the BSE. » Send to friends
1:27 PM - Emkay Shares and Stock Broking maintains a buy call on DLF with a target of Rs 330, reports Zee Business. The stock is currently trading at Rs 291, down 0.77% on the BSE. » Send to friends
1:19 PM - The market seems to have formed a bottom around Nifty 2600-2700 and may not go below these levels, says Ambareesh Baliga of Karvy Stock Broking on CNBC-TV18. The market is likely to move up, but it will be a slow and steady climb, he adds. » Send to friends
1:11 PM - It is quiet across Asian markets. The Indian market is trading flat. Sensex is trading at 9581, up 12 points and Nifty is at 2922, up 5 points from the previous close. CNX Midcap index is up 0.17% and BSE Smallcap index is up 0.36%. The market breadth is positive with advances at 627 against declines of 492 on the NSE. » Send to friends
1:04 PM - One can look at booking profits in SBI now, says Phani Sekhar of Angel Broking, on CNBC Awaaz. One can get it at 12-15% lower to re-enter again, he adds. The stock is currently trading at Rs 1281.25, down 0.4% on the BSE. » Send to friends
12:57 PM - For short term investment, Satyam Computers can be considered, says Phani Shekhar of Angel Broking, on CNBC Awaaz. He recommends buying the stock at Rs 115-120 and making an exit at 20% rise. The stock is currently trading at Rs 138.80, up 2.9% on the BSE. » Send to friends
12:52 PM - For the next 6-9 months' point of view, Reliance Infrastructure looks like a safe bet, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. She recommends to enter at Rs 500 as 50% upside is expected in its prices. The stock is currently trading at Rs 594 , up 2.9% on BSE » Send to friends
12:42 PM - ICICI Bank can be considered for long term investment of 3-5 years, says Phani Sekhar of Angel Broking, on CNBC Awaaz. He recommends to enter at current levels. The stock is currently trading at Rs 447.40, up 1.5% on BSE. » Send to friends
12:33 PM - For long term investing, PNB looks like a safe bet in the banking space, says Sanjeev Agarwal, technical analyst, on Zee Business. Buy the stock at Rs 425-450. Keep a stop loss at Rs 400, he adds. The stock is currently trading at Rs 516.65, up 1.9% on the BSE. » Send to friends
12:26 PM - RNRL will face resistance at Rs 61, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. She recommends make an exit at Rs 75-76 and re-enter on dips. The stock is currently trading at Rs 55.50, up 6.8% on the BSE. » Send to friends
12:20 PM - TCS has support at Rs 420-440, but once this gets broken, then it will fall to levels of Rs 300-320, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 478.50, up 0.1% on the BSE. » Send to friends
12:13 PM - Inflation for week ended December 13 has come at 6.61% versus 6.84% the previous week. » Send to friends
12:08 PM - Hero Honda will face stiff resistance at Rs 840, where one can look to exit the stock, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. It is currently trading at Rs 810, down 0.5% on the BSE. » Send to friends
12:01 PM - Sharekhan has a 'buy' rating on Apollo Tyres, with a target price of Rs 45, reports CNBC Awaaz. Ther stock is currently trading at Rs 19.30, up 1.1% on the BSE. » Send to friends
11:54 AM - Satyam Computer may try to go up to Rs 165-166, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is at Rs 140.65, up 4.2% on the BSE. » Send to friends
11:46 AM - JP Associates has key resistance at Rs 95, says Ashwani Gujral, technical analyst, on CNBC-TV18. Once this is taken off, the stock can go up to Rs 128-130, he adds. It is currently trading at Rs 79, up 3% on the BSE. » Send to friends
11:39 AM - Shree Renuka Sugars can go up to Rs 88-90, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 68.25, up 5.5% on the BSE. » Send to friends
11:32 AM - SMC Global has a 'buy' ratng on Power Grid, with a target price of Rs 100, reports CNBC Awaaz. Keep a stoploss of Rs 72, it suggests. The stock is currently trading at Rs 81.35, up 0.9% on the BSE. » Send to friends
11:25 AM - RNRL looks good and if it can take off Rs 53-54, then it can go up to Rs 60, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 55.30, up 6.5% on the BSE. » Send to friends
11:18 AM - RPL has a maximum upside of Rs 100-105 in the next one year, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. The stock is currently trading at Rs 88, up 10.5% on the BSE. » Send to friends
11:09 AM - The market is still trading higher. Sensex is at 9,683, up 117 points from the previous close. Nifty is at 2950, up 34 points. BSE Midcap index is up 1.5% and BSE Smallcap, up 0.9%. Realty and metal stocks are being bought, while IT stocks are facing some selling pressure. » Send to friends
11:04 AM - The first leg of the pullback rally seems to be over, says Ashwani Gujral, technical analyst, on CNBC-TV18. One may see Nifty support at around 2700-2800 before the results and once the earnings are out, then it should come out of 3100-3150 and rally further, he adds. » Send to friends
10:57 AM - One can play long on stocks like BHEL, L&T and NTPC, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. » Send to friends
10:50 AM - If Bajaj Hindusthan can cross Rs 70, then it can go up to Rs 85-90, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 67.25, up 5.2% on the BSE. » Send to friends
10:43 AM - Reliance Power has good support at Rs 108, which can be the stoploss here, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. On the upside, it will face resistance at Rs 130, he adds. If it manages to cross this, the next targets will be Rs 145-150, he says. The stock is at Rs 120.35, up 2.4% on the BSE. » Send to friends
10:36 AM - IDFC has key support at Rs 52-51, says Ashwani Gujral, technical analyst, on CNBC-TV18. It can go up to Rs 75-82, but will take time to do so, he adds. The stock is currently trading at Rs 60.95, up over 2% on the BSE. » Send to friends
10:29 AM - Balrampur Chini can go up to Rs 65, says Ashwani Gujral, technical analyst, on CNBC-TV18. The downside in sugar stocks is limited and once the market moves up, they can double from the current levels, he explains. Balrampur Chini is currently trading at Rs 47.75, up 1.9% on the BSE. » Send to friends
10:21 AM - For the next 6-9 months' point of view, SBI, PNB and BoI look like safe bets in the banking space, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. » Send to friends
10:14 AM - Suzlon needs to get past Rs 63 to go up to Rs 75, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock has support at Rs 55, he adds. It is currently trading at Rs 60.50, up 3.7% on the BSE. » Send to friends
10:07 AM - RPL has support at Rs 74 and will face resistance at Rs 94-95, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is at Rs 87.90, up 10.4% on the BSE. » Send to friends
10:01 AM - The market has opened higher on Friday. Sensex is at 9,670, up 101 points from the previous close. Nifty is at 2947, up 30 points. » Send to friends
9:58 AM - Technically, Satyam Computer can move up by another Rs 15-20 from current levels, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. But fundamentally, there's nothing much here, he adds. The stock is at Rs 134.95 on the BSE. » Send to friends
9:51 AM - SMC Global has a 'sell' rating on Tech Mahindra, with a target price of Rs 210, reports CNBC Awaaz. Keep a stoploss of Rs 275 here, it suggests. The stock is at Rs 248.55 on the BSE. » Send to friends
9:44 AM - Unitech has good support at Rs 35, which can be used as a stoploss here, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. On the upside, it will face some resistance at Rs 44, he adds. But if it closes below Rs 35, then one can say the upside is over and the stock can fall to Rs 30-22, he says. It is at Rs 37.10 on the BSE. » Send to friends
9:36 AM - Hem Securities has a 'sell' rating on Biocon, with a target price of Rs 103, reports CNBC Awaaz. Keep a stoploss of Rs 125 here, it suggests. The stock is at Rs 119.70 on the BSE. » Send to friends
9:30 AM - Nifty has good support at 2740 now, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. But the index needs to move above 3100 for a breakout, from where it can even go up to 3500-3600, he adds. » Send to friends
Last trading day: Friday, 26 December
4:30 PM - It was a bad week for the Indian market. Experts feel the market will stay ranged and lackluster until mid January (earnings season). This week's poor figures are: Sensex was down 8%, Nifty down 7%. BSE Midcap index and BSE Smallcap index were both down 5% over the week. BSE Realty index was down 13%, BSE Metal index down 9%. All five indices - BSE IT index, BSE Auto index, BSE Bankex, BSE Oil & Gas index and BSE Consumer Goods index - were down 8%. » Send to friends
4:24 PM - The Asian markets closed mixed and European markets were quiet. The Indian market had a disappointing close with selling in last half hour. Sensex closed at 9328, down 239 points and Nifty at 2857, down 59 points from the previous close. CNX Midcap index was down 1.22% and BSE Smallcap index was down 1.43%. There was selling in banking, IT and realty space. The market breadth was negative with advances at 339 against declines of 859 on the NSE. Top Nifty gainers included RPL, Maruti and Nalco while losers included DLF, Reliance Infrastructure and ICICI Bank. » Send to friends
4:20 PM - Hold Idea Cellular and one can exit the stock when it crosses Rs 60, says Salil Sharma, technical analyst, on CNBC Awaaz. One can buy the stock around Rs 42 for the long term, he adds. The stock is currently trading at Rs 49, up 2.2% on the BSE. » Send to friends
4:15 PM - Hold Dena Bank as it has resistance at Rs 36 after which one can see an upmove, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Maintain a stop loss of Rs 28, he adds. The stock is currently trading at Rs 32, up 2.78% on the BSE. » Send to friends
4:10 PM - Sell TTML when it crosses Rs 22 and switch to better stocks like Idea and Bharati Airtel, says Salil Sharma, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 18, he adds. The stock is currently trading at Rs 20, down 0.5% on the BSE. » Send to friends
4:05 PM - The year 2009 will throw up many investment opportunities, as inflation is likely to go down to 2-3% by March-June, says SP Tulsian, Investment Advisor, on CNBC-TV18. Interest rates are also likely to be around 5%, he feels. In such a scenario, rate sensitive sectors like realty, auto, banks and the sugar space look good for the long term, he adds. » Send to friends
4:00 PM - The first half of 2009 is likely to be bad as we go into results season, but gradually the scenario will improve in the second half, says Bharat Sheth of Techno Shares and Stock Broking, on NDTV Profit. On the whole 2009 will offer better opportunity and will be a better year than 2008, he adds. » Send to friends
3:54 PM - The market is almost in a holiday mode this weekend and the selloff may continue next week, says E Mathew, technical analyst, on CNBC TV18. Nifty has strong support at 2800-2810 and if that breaks then it could slide further to 2750-2700-2650, he adds. On the year 2009, it will be a great opportunity for investment, he feels. Sugar stocks have bottomed out and rate sensitives like auto will also offer opportunity, he adds. » Send to friends
3:50 PM - The first leg of the trading rally is over, Nifty range on the lower side is 2750-2800 and upper side is 3100-3150, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Nifty has strong support at 2800-2850 and only after the earnings season will one get a decisive move in this market, he feels. January may see a positive close as the market has already discounted negative earnings, he adds. » Send to friends
3:46 PM - The market is likely to continue to see short covering even next week, says Shahina Mukadam of IDBI Capital, on CNBC Awaaz. Nifty upside is seen around 3200 and 2600 on the downside, she adds. The market is likely to trade with low volumes till January 10 when earnings will begin and then the market trend will be clear, she feels. » Send to friends
3:40 PM - It was a disappointing close for the market. Sensex closed at 9333, down 234 points (provisional) and Nifty was at 2863, down 53 points (provisional) from the previous close. CNX Midcap index was down 1.2% and BSE Smallcapindex was down 1.48%. The market breadth was negative with advances at 366 against declines of 826 on the NSE. » Send to friends
3:29 PM - Hold on to Nifty short positions with stop loss of 2905 and target of 2770, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy. » Send to friends
3:28 PM - Buy Ranbaxy with a target of Rs 260 and stop loss of Rs 195, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 217, up 0.8% on the BSE. » Send to friends
3:25 PM - Buy Ranbaxy with target of 235-270-300, says Salil Sharma, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 180, he adds. The stock is currently trading at Rs 217, up 0.8% on the BSE. » Send to friends
3:21 PM - Buy Genus Power with a target of Rs 125 and stop loss of Rs 95, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 104, down 6.43% on the BSE. » Send to friends
3:15 PM - Sell TCS on any rally with target of 510-512, says Salil Sharma, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 450, he adds. The stock is currently trading at Rs 471, down 1.5% on the BSE. » Send to friends
3:10 PM - Buy Triveni Engineering with a target of Rs 55 and stop loss of Rs 39, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 44, down 0.5% on the BSE. » Send to friends
3:06 PM - The intermediate up trend is over and market is in a downtrend, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. Nifty has support at 2700-2750 and one can go short on every rally, he adds. » Send to friends
3:02 PM - The market is looking bad. Sensex is trading at 9373, down 195 points and Nifty is at 2866, down 50 points from the previous close. CNX Midcap index is down 0.99% and BSE Smallcapindex is down 0.68%. The market breadth is negative with advances at 407 against declines of 760 on the NSE. » Send to friends
2:55 PM - Buy Areva T&D with a target of Rs 240 in 12 months, says Kamlesh Kotak of Kotak Securities, on CNBC TV18. The stock is currently trading at Rs 191, up 2.62% on the BSE. » Send to friends
2:48 PM - Buy PNB with a target of Rs 560 and stop loss of Rs 470, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 503, down 0.78% on the BSE. » Send to friends
2:40 PM - Wipro now seems to be headed towards Rs 180-185, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 228, down 1.55% on the BSE. » Send to friends
2:31 PM - Buy Tata Communications with a target of Rs 560 and stop loss of Rs 480, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 499, down 1.55% on the BSE. » Send to friends
2:24 PM - Educomp Solutions looks strong on the charts, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. It has support at Rs 2,250-2,300, where one can look at buying the stock for a short-term target of Rs 3,100, she says. It is currently trading at Rs 2495, down 2.69% on the BSE. » Send to friends
2:17 PM - SMC Global has a 'sell' rating on Rolta, with a target price of Rs 82 and stop loss of Rs 143.50, reports CNBC Awaaz. The stock is currently trading at Rs 116, down 4.19% on the BSE. » Send to friends
2:10 PM - The market is likely to see a positive to flat closing today, says Gaurang Shah of Geojit Financials on CNBC Awaaz. The market is seeing some profit booking with pressure on IT and banking stocks, he says. If Nifty breaks 2900 the next support is at 2865-2840, he adds. » Send to friends
2:02 PM - The market is trading weak. Sensex is trading at 9456, down 112 points and Nifty is at 2888, down 28 points from the previous close. CNX Midcap index is down 0.37% and BSE Smallcapindex is down 0.12%. The market breadth is negative with advances at 492 against declines of 656 on the NSE. » Send to friends
1:56 PM - Satyam has strong support at Rs 110-114, says Ashwani Gujral, technical analyst, on CNBC-TV18. It can go upto Rs 157-160 maximum, he adds. There, it is a good level to short the stock, he suggests. It is currently trading at Rs 138, up 2.9% on the BSE. » Send to friends
1:50 PM - Satyam stock continues to be in the news. New twist being that Left has demanded the removal of Satyam independent director Rammohan Rao from the government panel, reports NDTV Profit. Rao was part of the panel to select SEBI chairman. The stock is currently trading at Rs 142, up 6.5% on the BSE. » Send to friends
1:43 PM - Hold ONGC as it has resistance at Rs 740 where one can book profits, says Srikant Chouhan, technical analyst, Kotak Securities, on CNBC Awaaz. The stock has support at Rs 640 and it is currently trading at Rs 655, down 2.3% on the BSE. » Send to friends
1:35 PM - HEM Securities maintains a sell call on BHEL with a target of Rs 1290 and stop loss of Rs 1396, reports CNBC Awaaz. The stock is currently trading at Rs 1355, up 0.20% on the BSE. » Send to friends
1:27 PM - Emkay Shares and Stock Broking maintains a buy call on DLF with a target of Rs 330, reports Zee Business. The stock is currently trading at Rs 291, down 0.77% on the BSE. » Send to friends
1:19 PM - The market seems to have formed a bottom around Nifty 2600-2700 and may not go below these levels, says Ambareesh Baliga of Karvy Stock Broking on CNBC-TV18. The market is likely to move up, but it will be a slow and steady climb, he adds. » Send to friends
1:11 PM - It is quiet across Asian markets. The Indian market is trading flat. Sensex is trading at 9581, up 12 points and Nifty is at 2922, up 5 points from the previous close. CNX Midcap index is up 0.17% and BSE Smallcap index is up 0.36%. The market breadth is positive with advances at 627 against declines of 492 on the NSE. » Send to friends
1:04 PM - One can look at booking profits in SBI now, says Phani Sekhar of Angel Broking, on CNBC Awaaz. One can get it at 12-15% lower to re-enter again, he adds. The stock is currently trading at Rs 1281.25, down 0.4% on the BSE. » Send to friends
12:57 PM - For short term investment, Satyam Computers can be considered, says Phani Shekhar of Angel Broking, on CNBC Awaaz. He recommends buying the stock at Rs 115-120 and making an exit at 20% rise. The stock is currently trading at Rs 138.80, up 2.9% on the BSE. » Send to friends
12:52 PM - For the next 6-9 months' point of view, Reliance Infrastructure looks like a safe bet, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. She recommends to enter at Rs 500 as 50% upside is expected in its prices. The stock is currently trading at Rs 594 , up 2.9% on BSE » Send to friends
12:42 PM - ICICI Bank can be considered for long term investment of 3-5 years, says Phani Sekhar of Angel Broking, on CNBC Awaaz. He recommends to enter at current levels. The stock is currently trading at Rs 447.40, up 1.5% on BSE. » Send to friends
12:33 PM - For long term investing, PNB looks like a safe bet in the banking space, says Sanjeev Agarwal, technical analyst, on Zee Business. Buy the stock at Rs 425-450. Keep a stop loss at Rs 400, he adds. The stock is currently trading at Rs 516.65, up 1.9% on the BSE. » Send to friends
12:26 PM - RNRL will face resistance at Rs 61, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. She recommends make an exit at Rs 75-76 and re-enter on dips. The stock is currently trading at Rs 55.50, up 6.8% on the BSE. » Send to friends
12:20 PM - TCS has support at Rs 420-440, but once this gets broken, then it will fall to levels of Rs 300-320, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 478.50, up 0.1% on the BSE. » Send to friends
12:13 PM - Inflation for week ended December 13 has come at 6.61% versus 6.84% the previous week. » Send to friends
12:08 PM - Hero Honda will face stiff resistance at Rs 840, where one can look to exit the stock, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. It is currently trading at Rs 810, down 0.5% on the BSE. » Send to friends
12:01 PM - Sharekhan has a 'buy' rating on Apollo Tyres, with a target price of Rs 45, reports CNBC Awaaz. Ther stock is currently trading at Rs 19.30, up 1.1% on the BSE. » Send to friends
11:54 AM - Satyam Computer may try to go up to Rs 165-166, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is at Rs 140.65, up 4.2% on the BSE. » Send to friends
11:46 AM - JP Associates has key resistance at Rs 95, says Ashwani Gujral, technical analyst, on CNBC-TV18. Once this is taken off, the stock can go up to Rs 128-130, he adds. It is currently trading at Rs 79, up 3% on the BSE. » Send to friends
11:39 AM - Shree Renuka Sugars can go up to Rs 88-90, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 68.25, up 5.5% on the BSE. » Send to friends
11:32 AM - SMC Global has a 'buy' ratng on Power Grid, with a target price of Rs 100, reports CNBC Awaaz. Keep a stoploss of Rs 72, it suggests. The stock is currently trading at Rs 81.35, up 0.9% on the BSE. » Send to friends
11:25 AM - RNRL looks good and if it can take off Rs 53-54, then it can go up to Rs 60, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 55.30, up 6.5% on the BSE. » Send to friends
11:18 AM - RPL has a maximum upside of Rs 100-105 in the next one year, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. The stock is currently trading at Rs 88, up 10.5% on the BSE. » Send to friends
11:09 AM - The market is still trading higher. Sensex is at 9,683, up 117 points from the previous close. Nifty is at 2950, up 34 points. BSE Midcap index is up 1.5% and BSE Smallcap, up 0.9%. Realty and metal stocks are being bought, while IT stocks are facing some selling pressure. » Send to friends
11:04 AM - The first leg of the pullback rally seems to be over, says Ashwani Gujral, technical analyst, on CNBC-TV18. One may see Nifty support at around 2700-2800 before the results and once the earnings are out, then it should come out of 3100-3150 and rally further, he adds. » Send to friends
10:57 AM - One can play long on stocks like BHEL, L&T and NTPC, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. » Send to friends
10:50 AM - If Bajaj Hindusthan can cross Rs 70, then it can go up to Rs 85-90, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 67.25, up 5.2% on the BSE. » Send to friends
10:43 AM - Reliance Power has good support at Rs 108, which can be the stoploss here, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. On the upside, it will face resistance at Rs 130, he adds. If it manages to cross this, the next targets will be Rs 145-150, he says. The stock is at Rs 120.35, up 2.4% on the BSE. » Send to friends
10:36 AM - IDFC has key support at Rs 52-51, says Ashwani Gujral, technical analyst, on CNBC-TV18. It can go up to Rs 75-82, but will take time to do so, he adds. The stock is currently trading at Rs 60.95, up over 2% on the BSE. » Send to friends
10:29 AM - Balrampur Chini can go up to Rs 65, says Ashwani Gujral, technical analyst, on CNBC-TV18. The downside in sugar stocks is limited and once the market moves up, they can double from the current levels, he explains. Balrampur Chini is currently trading at Rs 47.75, up 1.9% on the BSE. » Send to friends
10:21 AM - For the next 6-9 months' point of view, SBI, PNB and BoI look like safe bets in the banking space, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. » Send to friends
10:14 AM - Suzlon needs to get past Rs 63 to go up to Rs 75, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock has support at Rs 55, he adds. It is currently trading at Rs 60.50, up 3.7% on the BSE. » Send to friends
10:07 AM - RPL has support at Rs 74 and will face resistance at Rs 94-95, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is at Rs 87.90, up 10.4% on the BSE. » Send to friends
10:01 AM - The market has opened higher on Friday. Sensex is at 9,670, up 101 points from the previous close. Nifty is at 2947, up 30 points. » Send to friends
9:58 AM - Technically, Satyam Computer can move up by another Rs 15-20 from current levels, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. But fundamentally, there's nothing much here, he adds. The stock is at Rs 134.95 on the BSE. » Send to friends
9:51 AM - SMC Global has a 'sell' rating on Tech Mahindra, with a target price of Rs 210, reports CNBC Awaaz. Keep a stoploss of Rs 275 here, it suggests. The stock is at Rs 248.55 on the BSE. » Send to friends
9:44 AM - Unitech has good support at Rs 35, which can be used as a stoploss here, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. On the upside, it will face some resistance at Rs 44, he adds. But if it closes below Rs 35, then one can say the upside is over and the stock can fall to Rs 30-22, he says. It is at Rs 37.10 on the BSE. » Send to friends
9:36 AM - Hem Securities has a 'sell' rating on Biocon, with a target price of Rs 103, reports CNBC Awaaz. Keep a stoploss of Rs 125 here, it suggests. The stock is at Rs 119.70 on the BSE. » Send to friends
9:30 AM - Nifty has good support at 2740 now, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. But the index needs to move above 3100 for a breakout, from where it can even go up to 3500-3600, he adds. » Send to friends
2 comments:
In the time of recession one job or one work is hardly fulfilling needs of people. So everyone is looking for supplementary source of income.
Now the question is what can be that source of income in such a bad phase of economy??
Well it’s very difficult to start new business at this point of time as it requires lot of cash and efforts. So again question is how to make more money in such conditions when needs are same and income is low?
We strongly suggest that if you like to take bit of risk and don’t want to spend too much money and time on new venture then stock market is the right place for you.
To be very frank this is not the right time for investment that is for long term to medium term investment but every day is a favourable day for day trading. No matter if NSE or BSE
is bullish or bearish as In stock market one can earn in both of these trends.
So just think about it and see if stock market can be the right place to make some extra money.
Please feel free to contact us for any query.
Regards
SHARETIPSINFO TEAM
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