The markets were cheerful since the morning, thanks to the UPA winning the trust vote, cooling crude oil price and positive cues from global markets. But it gained more strength by afternoon and closed strong. Sensex ended the day at 14,942, up 838 points from the previous close. Nifty shut shop at 4476, up 236 points. CNX Midcap and BSE Smallcap indices gained 6.1% and 4.2% respectively. Buying was across the board, but banking, realty, capital goods and power stocks were the heroes for the day. Top Sensex gainers include Reliance Communications, ICICI Bank, HDFC, SBI and BHEL, while losers were Cipla and HUL.
If global cues remain neutral to positive tommorrow, then one may see the Nifty move up to 4600-4650, says Vijay Bhambwani, technical analyst, on CNBC-TV18. But it will face strong resistance there, he adds.
There's more upside in Reliance Capital, says E Mathew, technical analyst, on CNBC Awaaz. It has another Rs 50-60 upmove left from here, he adds. The stock is at Rs 1,346, up over 14% on the BSE.
IFCI may go up to Rs 65 in the current pullback, says E Mathew, technical analyst, on CNBC Awaaz. But only if it crosses this, can one say it is more than just a pullback rally for the stock, he adds. It is at Rs 45.75, up 12.3% on the BSE.
SBI has another Rs 175-250 upside left from the current levels, says Ambareesh Baliga of Karvy Stock Broking, on CNBC Awaaz. The stock is at Rs 1,548 on the BSE.
ICICI Bank will have resistance in the Rs 702-751 zone, says E Mathew, technical analyst, on CNBC Awaaz. So look to book profits here, he suggests. The stock is at Rs 740.10, up 11.9% on the BSE.
The market had a fantastic day today, as key indices ended close to the day's high! Sensex ended the day at 14,959, up 855 points (provisional) from the previous close. Nifty shut shop at 4481, up 240 points (provisional).
Partial profit booking is advised on the Nifty, says Rajat Bose, technical analyst, as market closing strategy, on CNBC-TV18. Stoploss for the rest of the holdings should be at 4420, he adds.
Hold Nifty Longs with a target of 4650, says E Mathew, technical analyst, as market closing strategy, on CNBC-TV18. Buy Syndicate Bank on declines for short term trading, he adds.
SBI is now heading towards the resistance of Rs 1,580, says E Mathew, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1,543, up 10.5% on the BSE.
In FMCG, one is not borrowing and paying EMIs, therefore, FMCG companies may not be hit, says Devesh Kumar, MD of Centrum Capital, on CNBC-TV18. And in inflationary situations, FMCG companies do better, he adds. So selectively, one can buy FMCG companies, he suggests.
The market is seeing a good run up today. Sensex is up 846 points from the previous close, at 14,950. It is the highest intra-day gain for the Sensex since March 25, 2008. Nifty is at 4479, up 239 points. Market breadth is very strong, with 1,181 advances against just 100 declines on the NSE
Wednesday, July 23, 2008
Monday, July 21, 2008
Stock's Talk: Indian Stock Market BSE NSE
BSE 13850.04 +214.64 +1.57%
NSE 4,159.50 +67.25 +1.62%
The market was circumspect today ahead of the vote of confidence, which is to take place between 5-6 pm tommorrow. Most of the trading session saw a volatile market, but it started gaining late afternoon, due to short covering. Sensex ended at 13,850, up 214 points from the previous close. Nifty shut shop at 4159, up 67 points. CNX Midcap index gained 0.3%, while and BSE Smallcap index lost 0.3%. Banking, healthcare, realty and auto stocks rallied today, while capital goods witnessed selling pressure. BSE IT index closed flat. Top Sensex gainers include Cipla, Maruti Suzuki, ICICI Bank, Ranbaxy, while losers were Satyam Computer, Ambuja Cements, L&T and BHEL, among others.
Public sector banks like SBI, Union Bank and Bank of India are showing good moves, says Hitendra Vasudeo, techncial analyst, on CNBC Awaaz. SBI will face some resistance at Rs 1,400, but can go up to Rs 1,500, he adds. It is at Rs 1,341.95, up over 3% on the BSE.
One can look at buying IDFC between Rs 87 and Rs 74, which is a good support area for the stock, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is at Rs 93.40, down over 14% on the BSE.
The market was volatile during the first half of the day, but gained during the second half, thanks to short-covering. Sensex ended at 13,845, up 210 points (provisional) from the previous close. Nifty shut shop at 4158, up 66 points (provisional).
Hold Nifty Longs with a stoploss of 4110 and target of 4185, says Vijay Bhambwani, technical analyst, as market closing strategy, on CNBC-TV18.
Hold on to Nifty Longs with a strict stoploss of 4050, says E Mathew, technical analyst, as market closing strategy, on CNBC-TV18.
Sharekhan recommends 'buy'on ICI India, with a target price of Rs 622, reports CNBC Awaaz. The stock is currently trading at Rs 494.95, down 0.2% on the BSE.
The high for ONGC stands at about Rs 1,335 to Rs 1,480 and the low at Rs 758 to Rs 820, says Ray Barros, CEO, Ray Barros Trading Group, on CNBC-TV18. It is currently trading at Rs 948.70, up 0.7% on the BSE.
The mood in the market is circumspect ahead of the trust vote tommorrow and investors are keeping their positions low, say dealers, reports CNBC-TV18. Incremental flows at the FII desk are negative and the buy-sell ratio is at 2:3, they say. Nifty will now face resistance at 4190 and has support at 4000-4100, they say.
The top for Infosys was at around Rs 2,375 and low at Rs 1,354, says Ray Barros, CEO, Ray Barros Trading Group, on CNBC-TV18. The stock will move to Rs 2375 again, he adds. It is currently trading at Rs 1,554.80, up 0.4% on the BSE.
Educomp Solutions has a target of Rs 4,051, says an expert from Angel Broking, on CNBC-TV18. The stock is currently trading at Rs 2,919, up 2.4% on the BSE.
Marico can be a good buy at Rs 52 for 15-18 month target of Rs 65-70, says Vijay Bhambwani, technical analyst, on CNBC-TV18. Keep a stoploss of Rs 40 on a closing basis, he suggests. The stock is currently trading at Rs 54.35, up 0.2% on the BSE.
India Infoline has a 'buy' rating on Satyam Computer Services, with a year's target price of Rs 445, reports CNBC-TV18. The stock is currently trading at Rs 369.50, down 3.5% on the BSE.
Simplex Infrastructures has a target price of Rs 566, says an expert from Angel Broking, on CNBC-TV18. The company is expected to have a topline growth of 40% and bottomline growth of 60% in the next couple of years, he adds. It is currently trading at Rs 410, up 0.6% on the BSE.
Sensex is at 13,728, up 92 points from the previous close. Nifty is at 4114, up 21 points. CNX Midcap index is flat, with a positive bias, while BSE Smallcap index is down 0.7%. Market breadth is negative with 489 advances against 730 declines on the NSE.
There isn't much clarity in SMS Pharma and one should exit the stock at Rs 280-300, says Shubra Gupta, stock market expert, on Zee Business. The stock is currently trading at Rs 204, down 2.8% on the BSE.
IFCI is a very volatile stock and there isn't much upside from here in the counter, says Shubra Gupta, stock market expert, on Zee Business. Exit the stock at Rs 45-46, she suggests. It is currently trading at Rs 38.25, down 2.8% on the BSE.
NSE 4,159.50 +67.25 +1.62%
The market was circumspect today ahead of the vote of confidence, which is to take place between 5-6 pm tommorrow. Most of the trading session saw a volatile market, but it started gaining late afternoon, due to short covering. Sensex ended at 13,850, up 214 points from the previous close. Nifty shut shop at 4159, up 67 points. CNX Midcap index gained 0.3%, while and BSE Smallcap index lost 0.3%. Banking, healthcare, realty and auto stocks rallied today, while capital goods witnessed selling pressure. BSE IT index closed flat. Top Sensex gainers include Cipla, Maruti Suzuki, ICICI Bank, Ranbaxy, while losers were Satyam Computer, Ambuja Cements, L&T and BHEL, among others.
Public sector banks like SBI, Union Bank and Bank of India are showing good moves, says Hitendra Vasudeo, techncial analyst, on CNBC Awaaz. SBI will face some resistance at Rs 1,400, but can go up to Rs 1,500, he adds. It is at Rs 1,341.95, up over 3% on the BSE.
One can look at buying IDFC between Rs 87 and Rs 74, which is a good support area for the stock, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is at Rs 93.40, down over 14% on the BSE.
The market was volatile during the first half of the day, but gained during the second half, thanks to short-covering. Sensex ended at 13,845, up 210 points (provisional) from the previous close. Nifty shut shop at 4158, up 66 points (provisional).
Hold Nifty Longs with a stoploss of 4110 and target of 4185, says Vijay Bhambwani, technical analyst, as market closing strategy, on CNBC-TV18.
Hold on to Nifty Longs with a strict stoploss of 4050, says E Mathew, technical analyst, as market closing strategy, on CNBC-TV18.
Sharekhan recommends 'buy'on ICI India, with a target price of Rs 622, reports CNBC Awaaz. The stock is currently trading at Rs 494.95, down 0.2% on the BSE.
The high for ONGC stands at about Rs 1,335 to Rs 1,480 and the low at Rs 758 to Rs 820, says Ray Barros, CEO, Ray Barros Trading Group, on CNBC-TV18. It is currently trading at Rs 948.70, up 0.7% on the BSE.
The mood in the market is circumspect ahead of the trust vote tommorrow and investors are keeping their positions low, say dealers, reports CNBC-TV18. Incremental flows at the FII desk are negative and the buy-sell ratio is at 2:3, they say. Nifty will now face resistance at 4190 and has support at 4000-4100, they say.
The top for Infosys was at around Rs 2,375 and low at Rs 1,354, says Ray Barros, CEO, Ray Barros Trading Group, on CNBC-TV18. The stock will move to Rs 2375 again, he adds. It is currently trading at Rs 1,554.80, up 0.4% on the BSE.
Educomp Solutions has a target of Rs 4,051, says an expert from Angel Broking, on CNBC-TV18. The stock is currently trading at Rs 2,919, up 2.4% on the BSE.
Marico can be a good buy at Rs 52 for 15-18 month target of Rs 65-70, says Vijay Bhambwani, technical analyst, on CNBC-TV18. Keep a stoploss of Rs 40 on a closing basis, he suggests. The stock is currently trading at Rs 54.35, up 0.2% on the BSE.
India Infoline has a 'buy' rating on Satyam Computer Services, with a year's target price of Rs 445, reports CNBC-TV18. The stock is currently trading at Rs 369.50, down 3.5% on the BSE.
Simplex Infrastructures has a target price of Rs 566, says an expert from Angel Broking, on CNBC-TV18. The company is expected to have a topline growth of 40% and bottomline growth of 60% in the next couple of years, he adds. It is currently trading at Rs 410, up 0.6% on the BSE.
Sensex is at 13,728, up 92 points from the previous close. Nifty is at 4114, up 21 points. CNX Midcap index is flat, with a positive bias, while BSE Smallcap index is down 0.7%. Market breadth is negative with 489 advances against 730 declines on the NSE.
There isn't much clarity in SMS Pharma and one should exit the stock at Rs 280-300, says Shubra Gupta, stock market expert, on Zee Business. The stock is currently trading at Rs 204, down 2.8% on the BSE.
IFCI is a very volatile stock and there isn't much upside from here in the counter, says Shubra Gupta, stock market expert, on Zee Business. Exit the stock at Rs 45-46, she suggests. It is currently trading at Rs 38.25, down 2.8% on the BSE.
Friday, July 18, 2008
Stock's Talk: Indian Stock Market BSE NSE
BSE 13635.40 +523.55 +3.99%
NSE 4,092.25 +145.05 +3.54%
With three cheers for three consicutive days on Sensex and Nifty, the week saw a volatile market, where key indices made new 2008-lows, but ended on a positive note. Sensex gained 1.3% over the week, recovering nearly 1,100 points from the week's low of 12,514. And Nifty added 1.2% over the last five trading sessions, recovering nearly 300 points from the week's low. But it wasn't as good for the CNX Midcap and BSE Smallcap indices, which lost 1.5% and 3.6% respectively. Sector-wise too, it wasn't all pleasant. BSE IT index shed 8.3% and BSE Metal index, 7.5%. But BSE Oil & Gas index added 4.3%, BSE Capital Goods index, 3.7% and BSE Bankex, 2.6% over the week. For the coming week, Tuesday, July 22, will decide the next move of the market, as the vote of confidence for the present government takes place.
It was a quiet opening for the market and trade was volatile for most of the session today, despite softer crude oil price and better than expected inflation number. But the last couple of hours saw the market gain strength and how! Sensex ended at 13,635, up a good 523 points from the previous close. Nifty shut shop at 4092, up 145 points. CNX Midcap and BSE Smallcap indices gained over 2% and 1% respectively. Interest rate sensitives, namely banking and realty stocks again emerged as heroes of the day, along with oil & gas and capital goods. But metal and IT stocks had a bad day. Top gainers on the Sensex included ICICI Bank, HDFC, JP Associates, Bharti Airtel, while losers were Satyam Computer, Wipro, Ranbaxy and Tata Steel, among others.
HDFC Bank can go up to Rs 1,080, says E Mathew, technical analyst, on CNBC-TV18. It is at Rs 1,032, up 7.7% on the BSE.
The major trend in Polaris is down, but the stock has long term support at Rs 63, says market expert Amarjeet Singh, on CNBC Awaaz. But it is better to stick to heavyweights like Infosys and TCS, he suggests. Polaris is at Rs 80.30, up 2% on the BSE.
IDFC has support at Rs 92-90, says E Mathew, technical analyst, on CNBC-TV18. On the upside, if it can cross the resistance of Rs 117, then one can see it go to Rs 140, he adds. It is at Rs 109.35, up over 15% on the BSE.
One can continue to hold Patel Engineering with a stoploss of Rs 366, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. It will now face resistance at Rs 426, he says. Once this is crossed, next target will be Rs 507-525, he adds. The stock is at Rs 390.50, up 7.1% on the BSE.
ICICI Bank looks strong on the charts, says E Mathew, technical analyst, on CNBC-TV18. Once it crosses Rs 625-630, which it has the potential to, then it can go up to Rs 680, he says. It is at Rs 617.10, up 12% on the BSE.
It was a volatile day for the market, before it gained significant strength in the last couple of hours of trade. Sensex ended at 13,625, up 513 points (provisional) from the previous close. Nifty shut shop above 4000 at 4078, up 131 points (provisional).
Book profits in Nifty in resistance zone of 4084-4129, says Neppolian Pillai of Mordern Share & Stock Broking, as market closing strategy, on CNBC-TV18.
Initiate fresh longs in Nify only above 4130, says Neppolian Pillai of Mordern Share & Stock Broking, as market closing strategy, on CNBC-TV18.
Stay away from the market till political uncertainity subsides, says Ashwani Gujral, techncial analyst, on CNBC-TV18. Book profits in Nifty Long positions, he says, as a market closing strategy.
Infosys can be a good buy close to Rs 1,500, which is a good support for the stock, says market expert Amarjeet Singh, on CNBC Awaaz. The risk-reward ratio here will be favourable, he adds. The stock is currently trading at Rs 1,539, down 2.8% on the BSE.
Reliance Communications is in an oversold territory, but has a good long term support at Rs 380, says market expert Amarjeet Singh, on CNBC Awaaz. Don't buy fresh here, but if you hold the stocks, then continue to do so with a stoploss at Rs 381, he suggests. On the upside, Rs 518 will be an important resistance, he adds. It is currently trading at Rs 440.50, up 5.4% on the BSE.
Take Solutions does not look very good on the charts and therefore one should exit the counter, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 525, up 3.9% on the BSE.
Coromandel Fertilisers has good support at Rs 100-90 and will try to go up to Rs 143-150 in the medium term, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. So stay invested if already hold the stock, he suggests. The stock is currently trading at Rs 119, up 3.8% on the BSE.
Gujarat NRE Coke has announced 2:5 bonus issue, reports CNBC-TV18. Also, the company's board has deferred the Rights Issue. The stock is currently trading at Rs 110.40, up 6% on the BSE.
NSE 4,092.25 +145.05 +3.54%
With three cheers for three consicutive days on Sensex and Nifty, the week saw a volatile market, where key indices made new 2008-lows, but ended on a positive note. Sensex gained 1.3% over the week, recovering nearly 1,100 points from the week's low of 12,514. And Nifty added 1.2% over the last five trading sessions, recovering nearly 300 points from the week's low. But it wasn't as good for the CNX Midcap and BSE Smallcap indices, which lost 1.5% and 3.6% respectively. Sector-wise too, it wasn't all pleasant. BSE IT index shed 8.3% and BSE Metal index, 7.5%. But BSE Oil & Gas index added 4.3%, BSE Capital Goods index, 3.7% and BSE Bankex, 2.6% over the week. For the coming week, Tuesday, July 22, will decide the next move of the market, as the vote of confidence for the present government takes place.
It was a quiet opening for the market and trade was volatile for most of the session today, despite softer crude oil price and better than expected inflation number. But the last couple of hours saw the market gain strength and how! Sensex ended at 13,635, up a good 523 points from the previous close. Nifty shut shop at 4092, up 145 points. CNX Midcap and BSE Smallcap indices gained over 2% and 1% respectively. Interest rate sensitives, namely banking and realty stocks again emerged as heroes of the day, along with oil & gas and capital goods. But metal and IT stocks had a bad day. Top gainers on the Sensex included ICICI Bank, HDFC, JP Associates, Bharti Airtel, while losers were Satyam Computer, Wipro, Ranbaxy and Tata Steel, among others.
HDFC Bank can go up to Rs 1,080, says E Mathew, technical analyst, on CNBC-TV18. It is at Rs 1,032, up 7.7% on the BSE.
The major trend in Polaris is down, but the stock has long term support at Rs 63, says market expert Amarjeet Singh, on CNBC Awaaz. But it is better to stick to heavyweights like Infosys and TCS, he suggests. Polaris is at Rs 80.30, up 2% on the BSE.
IDFC has support at Rs 92-90, says E Mathew, technical analyst, on CNBC-TV18. On the upside, if it can cross the resistance of Rs 117, then one can see it go to Rs 140, he adds. It is at Rs 109.35, up over 15% on the BSE.
One can continue to hold Patel Engineering with a stoploss of Rs 366, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. It will now face resistance at Rs 426, he says. Once this is crossed, next target will be Rs 507-525, he adds. The stock is at Rs 390.50, up 7.1% on the BSE.
ICICI Bank looks strong on the charts, says E Mathew, technical analyst, on CNBC-TV18. Once it crosses Rs 625-630, which it has the potential to, then it can go up to Rs 680, he says. It is at Rs 617.10, up 12% on the BSE.
It was a volatile day for the market, before it gained significant strength in the last couple of hours of trade. Sensex ended at 13,625, up 513 points (provisional) from the previous close. Nifty shut shop above 4000 at 4078, up 131 points (provisional).
Book profits in Nifty in resistance zone of 4084-4129, says Neppolian Pillai of Mordern Share & Stock Broking, as market closing strategy, on CNBC-TV18.
Initiate fresh longs in Nify only above 4130, says Neppolian Pillai of Mordern Share & Stock Broking, as market closing strategy, on CNBC-TV18.
Stay away from the market till political uncertainity subsides, says Ashwani Gujral, techncial analyst, on CNBC-TV18. Book profits in Nifty Long positions, he says, as a market closing strategy.
Infosys can be a good buy close to Rs 1,500, which is a good support for the stock, says market expert Amarjeet Singh, on CNBC Awaaz. The risk-reward ratio here will be favourable, he adds. The stock is currently trading at Rs 1,539, down 2.8% on the BSE.
Reliance Communications is in an oversold territory, but has a good long term support at Rs 380, says market expert Amarjeet Singh, on CNBC Awaaz. Don't buy fresh here, but if you hold the stocks, then continue to do so with a stoploss at Rs 381, he suggests. On the upside, Rs 518 will be an important resistance, he adds. It is currently trading at Rs 440.50, up 5.4% on the BSE.
Take Solutions does not look very good on the charts and therefore one should exit the counter, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 525, up 3.9% on the BSE.
Coromandel Fertilisers has good support at Rs 100-90 and will try to go up to Rs 143-150 in the medium term, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. So stay invested if already hold the stock, he suggests. The stock is currently trading at Rs 119, up 3.8% on the BSE.
Gujarat NRE Coke has announced 2:5 bonus issue, reports CNBC-TV18. Also, the company's board has deferred the Rights Issue. The stock is currently trading at Rs 110.40, up 6% on the BSE.
Thursday, July 17, 2008
Stock's Talk: Indian Stock Market BSE NSE
BSE 13111.85 +536.05 +4.26%
NSE 3,947.20 +130.50 +3.31%
After the significant fall yesterday, the market had a good day today, where it clearly outperformed most of its Asian peers. Sensex ended the day at 13,111, up 536 points from the previous close. Nifty shut shop at 3947, up 130 points. CNX Midcap and BSE Smallcap indices gained 1.9% and 1% respectively. Heroes of the day were interest rate sensitives; banking, capital goods, realty and auto stocks. On the other hand, metals saw selling pressure. Top Sensex gainers include DLF, Maruti, HDFC and JP Associates, while index losers were Ranbaxy, Tata Steel and Ambuja Cements.
The market seems to have gathered some strength for the short term now, says Rahul Mohindar, technical analyst, on CNBC-TV18. The Nifty can run up to 4100, he adds. So look at banking and capital goods stocks now, as they may see a short term run up, he suggests.
Polaris has support at Rs 65-70, says Rahul Mohindar, technical analyst, on CNBC-TV18. But IT may not see nuch upside going ahead, so if long here, avoid it, he suggests. The stock is at Rs 78.75, up 15.5% on the BSE.
The market ended close to the highs of the day. Sensex ended at 13,133, up 558 points (provisional) from the previous close. Nifty shut shop at 3954, up 137 points (provisional).
Hold on to Nifty long with a stoploss of 3858, says Anil Maghnani, technical analyst, as market closing strategy, on CNBC-TV18.
Book profits in Nifty longs; next resistance will come in at 3980, says Vijay Bhambwani, technical anlayst, as market closing strategy, on CNBC-TV18.
Gateway Distripaks can possibly move up to Rs 95-96 now, says Prakash Gaba, technical analyst, on CNBC Awaaz. Keep a stoploss below Rs 78 and continue to hold it, he suggests. It is currently trading at Rs 80.15, up 8.3% on the BSE. In autos, one can look at buying Maruti and Tata Motors at lower levels, as they see to have found some strength now, says Rajat Bose, technical analyst, on CNBC-TV18.
The incremental flows at FII desk is positive today; buy-sell ratio is at 2:1, say dealers, reports CNBC-TV18. Some long-only and hedge funds are buying into largecaps, they add. Domestic flows are mixed, as many are still waiting on the sidelines. Dealers see Nifty supports at 3850-3780 and resistances at 4030-4090.
Union Bank has support at Rs 98 and will face resistance at Rs 115-120, says Prakash Gaba, technical analyst, on CNBC Awaaz. But the stock needs to make a base before moving up, he adds. It is currently trading at Rs 107.50, up 7.4% on the BSE.
An upside is possible in Bombay Rayon, but it wil face resistance at Rs 300-310, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is currently trading at Rs 297.20, up 7.9% on the BSE.
RPL can fall to Rs 140 or even lower if the market falls, says Anuj Dixit, technical analyst, on Zee Business. So if you have a short term view, then sell the stock at higher levels, he suggests. For the long term, hold the stock with a stoploss at Rs 140, he adds. It is currently trading at Rs 148.20, down 3.6% on the BSE. Voltas has a 12-month target of Rs 225, says Vikas Sethi, MD, Sethi Finmart, on CNBC-TV18. The stock is at Rs 122.40, up 1% on the BSE. Zee News has support at Rs 40-45, where one can buy/average the stock for a target of Rs 52-55, says Anuj Dixit, technical analyst, on Zee Business. But keep a stoploss at Rs 39, he suggests. The stock is at Rs 44.20, down 2.2% on the BSE. If Bharti Airtel can sustain above Rs 739, then one can see it go up to Rs 772-780, where it wil face reistance, says Rajat Bose, technical analyst, on CNBC-TV18. The stock is at Rs 751.90, up 3% on the BSE.
Aban Offshore has 12-month target of Rs 4,500, says Vikas Sethi, MD, Sethi Finmart, on CNBC-TV18. The stock is at Rs 2,636, up 1% on the BSE.
One can continue to hold NMDC with a stoploss at Rs 208, says Anuj Dixit, technical analyst, on Zee Business. Look at exiting the stock at higher levels like Rs 265-280, he suggests. If Asian Electronics falls below Rs 69, then it can go down to Rs 50-45, says Anuj Dixit, technical analyst, on Zee Business. So keep a stoploss of Rs 69 here, he suggests. It is currently at Rs 77.45, up 2.9% on the BSE.
NSE 3,947.20 +130.50 +3.31%
After the significant fall yesterday, the market had a good day today, where it clearly outperformed most of its Asian peers. Sensex ended the day at 13,111, up 536 points from the previous close. Nifty shut shop at 3947, up 130 points. CNX Midcap and BSE Smallcap indices gained 1.9% and 1% respectively. Heroes of the day were interest rate sensitives; banking, capital goods, realty and auto stocks. On the other hand, metals saw selling pressure. Top Sensex gainers include DLF, Maruti, HDFC and JP Associates, while index losers were Ranbaxy, Tata Steel and Ambuja Cements.
The market seems to have gathered some strength for the short term now, says Rahul Mohindar, technical analyst, on CNBC-TV18. The Nifty can run up to 4100, he adds. So look at banking and capital goods stocks now, as they may see a short term run up, he suggests.
Polaris has support at Rs 65-70, says Rahul Mohindar, technical analyst, on CNBC-TV18. But IT may not see nuch upside going ahead, so if long here, avoid it, he suggests. The stock is at Rs 78.75, up 15.5% on the BSE.
The market ended close to the highs of the day. Sensex ended at 13,133, up 558 points (provisional) from the previous close. Nifty shut shop at 3954, up 137 points (provisional).
Hold on to Nifty long with a stoploss of 3858, says Anil Maghnani, technical analyst, as market closing strategy, on CNBC-TV18.
Book profits in Nifty longs; next resistance will come in at 3980, says Vijay Bhambwani, technical anlayst, as market closing strategy, on CNBC-TV18.
Gateway Distripaks can possibly move up to Rs 95-96 now, says Prakash Gaba, technical analyst, on CNBC Awaaz. Keep a stoploss below Rs 78 and continue to hold it, he suggests. It is currently trading at Rs 80.15, up 8.3% on the BSE. In autos, one can look at buying Maruti and Tata Motors at lower levels, as they see to have found some strength now, says Rajat Bose, technical analyst, on CNBC-TV18.
The incremental flows at FII desk is positive today; buy-sell ratio is at 2:1, say dealers, reports CNBC-TV18. Some long-only and hedge funds are buying into largecaps, they add. Domestic flows are mixed, as many are still waiting on the sidelines. Dealers see Nifty supports at 3850-3780 and resistances at 4030-4090.
Union Bank has support at Rs 98 and will face resistance at Rs 115-120, says Prakash Gaba, technical analyst, on CNBC Awaaz. But the stock needs to make a base before moving up, he adds. It is currently trading at Rs 107.50, up 7.4% on the BSE.
An upside is possible in Bombay Rayon, but it wil face resistance at Rs 300-310, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is currently trading at Rs 297.20, up 7.9% on the BSE.
RPL can fall to Rs 140 or even lower if the market falls, says Anuj Dixit, technical analyst, on Zee Business. So if you have a short term view, then sell the stock at higher levels, he suggests. For the long term, hold the stock with a stoploss at Rs 140, he adds. It is currently trading at Rs 148.20, down 3.6% on the BSE. Voltas has a 12-month target of Rs 225, says Vikas Sethi, MD, Sethi Finmart, on CNBC-TV18. The stock is at Rs 122.40, up 1% on the BSE. Zee News has support at Rs 40-45, where one can buy/average the stock for a target of Rs 52-55, says Anuj Dixit, technical analyst, on Zee Business. But keep a stoploss at Rs 39, he suggests. The stock is at Rs 44.20, down 2.2% on the BSE. If Bharti Airtel can sustain above Rs 739, then one can see it go up to Rs 772-780, where it wil face reistance, says Rajat Bose, technical analyst, on CNBC-TV18. The stock is at Rs 751.90, up 3% on the BSE.
Aban Offshore has 12-month target of Rs 4,500, says Vikas Sethi, MD, Sethi Finmart, on CNBC-TV18. The stock is at Rs 2,636, up 1% on the BSE.
One can continue to hold NMDC with a stoploss at Rs 208, says Anuj Dixit, technical analyst, on Zee Business. Look at exiting the stock at higher levels like Rs 265-280, he suggests. If Asian Electronics falls below Rs 69, then it can go down to Rs 50-45, says Anuj Dixit, technical analyst, on Zee Business. So keep a stoploss of Rs 69 here, he suggests. It is currently at Rs 77.45, up 2.9% on the BSE.
Wednesday, July 16, 2008
Stock's Talk: Indian Stock Market BSE NSE
BSE 12575.80 -100.39 -0.79%
NSE 3,816.70 -44.40 -1.16%
It was yet another gloomy day, as market key indices broke important levels. Poor global cues along with selling pressure at higher levels and lack of buying interest in the market back home, forced the indices to newer 2008-lows during trade. Sensex ended the day at 12,575, down 100 points from the previous close. Nifty shut shop at 3816, down 44 points. CNX Midcap and BSE Smallcap indices lost 1.1% and 1.7% respectively. The market was dragged down by realty stocks, though FMCG and healthcare stocks tried to give some support. Biggest losers on the Sensex include DLF, JP Associates, Mahindra & Mahindra and HDFC, while gainers were Ranbaxy (after the management's clarifications on the US FDA issue in the morning), ONGC and Bharti Airtel, among others.
If Balrampur Chini closes above Rs 82 with good volumes, then that will be a buy signal, says Vijay Bhambwani, technical analyst, on CNBC-TV18. The stock is at Rs 75.95, up 3.9% on the BSE.
Shree Renuka Sugars looks relatively strong on the charts, says Jatinder Sharma, Equity strategist, on CNBC Awaaz. If it stabilises at Rs 113-114, then it will gain further momentum, he says. It ha support at Rs 100-102, where one can accumulate the stock, he adds. It is at Rs 109.55, up 4.7% on the BSE.
Usha Martin looks relatively strong on technical charts, says Jatinder Sharma, Equity strategist, on CNBC Awaaz. It has support at Rs 67, where one can accumulate the stock, he says. It will face resistance at Rs 87-88, he adds. The stock is at Rs 79.50, up 1.5% on the BSE.
The opening was slightly higher, but as the day advanced, the market started slipping and closed in the negative terrain. Sensex ended the day at 12,652, down 23 points (provisional) from the previous close. Nifty shut shop at 3842, down 18 points (provisional). The Nifty fell to an intra-day low of 3790 today.
Tata Steel for short term with a target of Rs 750 and stoploss of Rs 600, says Ashwani Gujral, technical analyst, as market closing strategy, on CNBC-TV18.
Tata Steel with a target price of Rs 582, says Rahul Mohindar, technical analyst, as market closing strategy, on CNBC-TV18.
Buy Nifty for short term, target of 4000, keeping stoploss of 3720, says Ashwani Gujral, technical analyst, as market closing strategy, on CNBC-TV18
NSE 3,816.70 -44.40 -1.16%
It was yet another gloomy day, as market key indices broke important levels. Poor global cues along with selling pressure at higher levels and lack of buying interest in the market back home, forced the indices to newer 2008-lows during trade. Sensex ended the day at 12,575, down 100 points from the previous close. Nifty shut shop at 3816, down 44 points. CNX Midcap and BSE Smallcap indices lost 1.1% and 1.7% respectively. The market was dragged down by realty stocks, though FMCG and healthcare stocks tried to give some support. Biggest losers on the Sensex include DLF, JP Associates, Mahindra & Mahindra and HDFC, while gainers were Ranbaxy (after the management's clarifications on the US FDA issue in the morning), ONGC and Bharti Airtel, among others.
If Balrampur Chini closes above Rs 82 with good volumes, then that will be a buy signal, says Vijay Bhambwani, technical analyst, on CNBC-TV18. The stock is at Rs 75.95, up 3.9% on the BSE.
Shree Renuka Sugars looks relatively strong on the charts, says Jatinder Sharma, Equity strategist, on CNBC Awaaz. If it stabilises at Rs 113-114, then it will gain further momentum, he says. It ha support at Rs 100-102, where one can accumulate the stock, he adds. It is at Rs 109.55, up 4.7% on the BSE.
Usha Martin looks relatively strong on technical charts, says Jatinder Sharma, Equity strategist, on CNBC Awaaz. It has support at Rs 67, where one can accumulate the stock, he says. It will face resistance at Rs 87-88, he adds. The stock is at Rs 79.50, up 1.5% on the BSE.
The opening was slightly higher, but as the day advanced, the market started slipping and closed in the negative terrain. Sensex ended the day at 12,652, down 23 points (provisional) from the previous close. Nifty shut shop at 3842, down 18 points (provisional). The Nifty fell to an intra-day low of 3790 today.
Tata Steel for short term with a target of Rs 750 and stoploss of Rs 600, says Ashwani Gujral, technical analyst, as market closing strategy, on CNBC-TV18.
Tata Steel with a target price of Rs 582, says Rahul Mohindar, technical analyst, as market closing strategy, on CNBC-TV18.
Buy Nifty for short term, target of 4000, keeping stoploss of 3720, says Ashwani Gujral, technical analyst, as market closing strategy, on CNBC-TV18
Tuesday, July 15, 2008
Stock's Talk: Indian Stock Market BSE NSE
BSE 12676.19 -654.32 -4.91%
NSE 3,861.10 -178.60 -4.63%
The Markets are tightly hugged by bears with another negative day, but the market crashed in the last hour of trade today. Tremendous selling pressure and lack of buying in today's trading session kept the market pinned down. Political uncertainities kept global investors away for the market. Sensex ended the day at 12,676, down 654 points from the previous close. Nifty shut shop at 3861, down 178 points. CNX Midcap index lost 3.7% and BSE Smallcap index, 3.2%. Banking, capital goods, metal and realty stocks were clearly the laggards. Biggest losers on the Sensex include Ranbaxy, HDFC Bank, ICICI Bank and Hindalco, among others.
Asit C. Mehta has a 'buy at declines' rating on Great Offshore, with a target price of Rs 500, reports CNBC-TV18. The stock is at Rs 425, down 3.5% on the BSE.
BHEL has support at Rs 1,300-1,320, says Bharat Dalal, technical analyst, on NDTV Profit. If this is broken, then one may see the stock fall to Rs 1,150-1,200, he adds. It is at Rs 1,376, down 6.4% on the BSE. The market ended at the day's lows today. Sensex ended at 12,612, down 717 points (provisional) from the previous close. Nifty hit a new 2008-low and shut shop at 3837, down 202 points (provisional). This is the lowest closing for the Nifty since April 2007.
Hold short positions on Nifty July for the target of 3790; resistance will be at 3873, says Rahul Mohindar, technical analyst, as market closing strategy, on CNBC-TV18.
Go short on the Nifty if it goes below 3850 near closing, target will be 3680, says Vijay Bhambwani, technical analyst, as market closing strategy, on CNBC-TV18.
Initiate fresh shorts on ONGC and Tata Steel, says Rahul Mohindar, technical analyst, as market closing strategy, on CNBC-TV18.
Ranbaxy will now trade in the range of Rs 385-445, says Bharat Dalal, technical analyst, on NDTV Profit. If it breaks Rs 385 on the downside, then investors will see a lot of pain price-wise as well as time-wise, he adds. The stock is currently trading at Rs 407.50, down over 14% on the BSE.
Incremental flows are negative and the buy-sell ratio is at 1:3, says dealers, reports CNBC-TV18. Asian investors are not keen to invest in te Indian market till the political hangover is over, they say. Volumes are low and domestic funds are also on the sidelines, they add.
Sun Pharma has short term support at Rs 1,277 and midterm support at Rs 1,170 or so, says Anuj Dixit, technical analyst, on CNBC Awaaz. One can accumulate the stock by investing partly at these levels, he suggests. It is currently trading at Rs 1,300, down 2.8% on the BSE.
Prabhudas Lilladher has maintained its outperformer rating on Ranbaxy Laboratories, with a target price of Rs 657, reports CNBC-TV18. The stock is currently trading at Rs 410.45, down 13.7% on the BSE.
Expect RBI to up Repo rate by 50 bps in July, says Barclays Capital, on CNBC-TV18. Over a year, RBI can up Repo rate by 200-250 bps and CRR by 125-175 bps, they add.
Sensex is currently at 12,783, down 546 points from the previous close. Nifty is at 3890, down 149 points. Market breadth is extremely weak, with 173 advances against 1,069 declines, on the NSE.
If JP Associates closes below Rs 150, then there'll be fresh weakness in the stock, says Simi Bhaumik, technical analyst, on Zee Business. If it falls below Rs 150, then expect to see 128-130, she adds. On the upside, it will face resistances at Rs 176, Rs 190 and Rs 200, she says. It is currently trading at Rs 147.85, down 4.4% on the BSE.
NSE 3,861.10 -178.60 -4.63%
The Markets are tightly hugged by bears with another negative day, but the market crashed in the last hour of trade today. Tremendous selling pressure and lack of buying in today's trading session kept the market pinned down. Political uncertainities kept global investors away for the market. Sensex ended the day at 12,676, down 654 points from the previous close. Nifty shut shop at 3861, down 178 points. CNX Midcap index lost 3.7% and BSE Smallcap index, 3.2%. Banking, capital goods, metal and realty stocks were clearly the laggards. Biggest losers on the Sensex include Ranbaxy, HDFC Bank, ICICI Bank and Hindalco, among others.
Asit C. Mehta has a 'buy at declines' rating on Great Offshore, with a target price of Rs 500, reports CNBC-TV18. The stock is at Rs 425, down 3.5% on the BSE.
BHEL has support at Rs 1,300-1,320, says Bharat Dalal, technical analyst, on NDTV Profit. If this is broken, then one may see the stock fall to Rs 1,150-1,200, he adds. It is at Rs 1,376, down 6.4% on the BSE. The market ended at the day's lows today. Sensex ended at 12,612, down 717 points (provisional) from the previous close. Nifty hit a new 2008-low and shut shop at 3837, down 202 points (provisional). This is the lowest closing for the Nifty since April 2007.
Hold short positions on Nifty July for the target of 3790; resistance will be at 3873, says Rahul Mohindar, technical analyst, as market closing strategy, on CNBC-TV18.
Go short on the Nifty if it goes below 3850 near closing, target will be 3680, says Vijay Bhambwani, technical analyst, as market closing strategy, on CNBC-TV18.
Initiate fresh shorts on ONGC and Tata Steel, says Rahul Mohindar, technical analyst, as market closing strategy, on CNBC-TV18.
Ranbaxy will now trade in the range of Rs 385-445, says Bharat Dalal, technical analyst, on NDTV Profit. If it breaks Rs 385 on the downside, then investors will see a lot of pain price-wise as well as time-wise, he adds. The stock is currently trading at Rs 407.50, down over 14% on the BSE.
Incremental flows are negative and the buy-sell ratio is at 1:3, says dealers, reports CNBC-TV18. Asian investors are not keen to invest in te Indian market till the political hangover is over, they say. Volumes are low and domestic funds are also on the sidelines, they add.
Sun Pharma has short term support at Rs 1,277 and midterm support at Rs 1,170 or so, says Anuj Dixit, technical analyst, on CNBC Awaaz. One can accumulate the stock by investing partly at these levels, he suggests. It is currently trading at Rs 1,300, down 2.8% on the BSE.
Prabhudas Lilladher has maintained its outperformer rating on Ranbaxy Laboratories, with a target price of Rs 657, reports CNBC-TV18. The stock is currently trading at Rs 410.45, down 13.7% on the BSE.
Expect RBI to up Repo rate by 50 bps in July, says Barclays Capital, on CNBC-TV18. Over a year, RBI can up Repo rate by 200-250 bps and CRR by 125-175 bps, they add.
Sensex is currently at 12,783, down 546 points from the previous close. Nifty is at 3890, down 149 points. Market breadth is extremely weak, with 173 advances against 1,069 declines, on the NSE.
If JP Associates closes below Rs 150, then there'll be fresh weakness in the stock, says Simi Bhaumik, technical analyst, on Zee Business. If it falls below Rs 150, then expect to see 128-130, she adds. On the upside, it will face resistances at Rs 176, Rs 190 and Rs 200, she says. It is currently trading at Rs 147.85, down 4.4% on the BSE.
Monday, July 14, 2008
Stock's Talk: Indian Stock Market BSE NSE
BSE: 13330.51 -139.34 -1.03%
NSE: 4,039.70 -9.30 -0.23%
The market today was at its voltile best , still traded within a range today. Sensex ended the day at 13,330, down 139 points from the previous close. Nifty shut shop at 4039, down 9 points. CNX Midcap index lost 0.2% and BSE SMallcap index, 1%. Metal, oil & gas and auto stocks saw good buying, while IT stocks had a bad day. The BSE IT index lost 5.9% today. Top Sensex gainers of the day include SBI, NTPC, Mahindra & Mahindra and Tata Steel, while losers were Ranbaxy, Satyam Computer, Infosys and TCS, among others.
The Nifty is likely to remained rangebound between 4000 and 4100. Continue to go short on realty stocks, he advises. ABB can be a good buy close to Rs 800 and NTPC at Rs 157, says Anil Maghnani, technical analyst, on Zee Business. ABB is at Rs 857.15 and NTPC at 167, on the BSE
NSE: 4,039.70 -9.30 -0.23%
The market today was at its voltile best , still traded within a range today. Sensex ended the day at 13,330, down 139 points from the previous close. Nifty shut shop at 4039, down 9 points. CNX Midcap index lost 0.2% and BSE SMallcap index, 1%. Metal, oil & gas and auto stocks saw good buying, while IT stocks had a bad day. The BSE IT index lost 5.9% today. Top Sensex gainers of the day include SBI, NTPC, Mahindra & Mahindra and Tata Steel, while losers were Ranbaxy, Satyam Computer, Infosys and TCS, among others.
The Nifty is likely to remained rangebound between 4000 and 4100. Continue to go short on realty stocks, he advises. ABB can be a good buy close to Rs 800 and NTPC at Rs 157, says Anil Maghnani, technical analyst, on Zee Business. ABB is at Rs 857.15 and NTPC at 167, on the BSE
Friday, July 11, 2008
BSE 13469.85 -456.39 -3.28%
NSE 4,049.00 -113.20 -2.80%
Last trading day: Friday, 11 July
This week started with a lots of hope and speculation. Hope for the market to be stable and specualtions over political stability. Both worked vice-versa. With the Left withdrawing its support to the government, high crude oil prices, the start of the result season and poor economic data, the market had a lot of news to deal with. It lost almost all the gains it made during the beginning of the week on the last day. Sensex gained just 0.3% and Nifty, 1% over the week. CNX Midcap index gained 1.8% and BSE Smallcap index, 4%.
IT heavyweight Infosys' first quarter numbers came in line with market expectations, but even that could not save the market from falling to crucial levels today. In fact, technology stocks saw huge selling pressure today. Poor economic data (inflation and IIP numbers), along with rising crude oil prices also played significant roles in spoiling the market sentiment. Sensex ended at 13,469, down 456 points from the previous close. Nifty shut shop at 4049, down 113 points. CNX Midcap and BSE Smallcap indices lost 2.4% and 1.3% respectively. All BSE sectoral indices closed lower, but that for IT, capital goods and power got hit the most. So the biggest losers on the Sensex included JP Associates, TCS, Infosys and L&T, while gainers were Ambuja Cements, HDFC Bank, Cipla and Bharti Airtel, among others.
NSE 4,049.00 -113.20 -2.80%
Last trading day: Friday, 11 July
This week started with a lots of hope and speculation. Hope for the market to be stable and specualtions over political stability. Both worked vice-versa. With the Left withdrawing its support to the government, high crude oil prices, the start of the result season and poor economic data, the market had a lot of news to deal with. It lost almost all the gains it made during the beginning of the week on the last day. Sensex gained just 0.3% and Nifty, 1% over the week. CNX Midcap index gained 1.8% and BSE Smallcap index, 4%.
IT heavyweight Infosys' first quarter numbers came in line with market expectations, but even that could not save the market from falling to crucial levels today. In fact, technology stocks saw huge selling pressure today. Poor economic data (inflation and IIP numbers), along with rising crude oil prices also played significant roles in spoiling the market sentiment. Sensex ended at 13,469, down 456 points from the previous close. Nifty shut shop at 4049, down 113 points. CNX Midcap and BSE Smallcap indices lost 2.4% and 1.3% respectively. All BSE sectoral indices closed lower, but that for IT, capital goods and power got hit the most. So the biggest losers on the Sensex included JP Associates, TCS, Infosys and L&T, while gainers were Ambuja Cements, HDFC Bank, Cipla and Bharti Airtel, among others.
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