Running commentary of the markets will resume when they open on Monday, 23 November
Last trading day: Friday, 20 November
4:30 PM - It was a mildly volatile week that ended in the positive. Experts feel Nifty is likely to stay in a range of 4900-5150 for some time and if it crosses crucial resistance of 5080 then it is headed higher. This week's decent figures were: Sensex and Nifty both up almost 1%. BSE Midcap index was up 1%, BSE Smallcap index up 1.5% over the week. BSE Metal index was up 3.75%, BSE Auto index up 2.3%, BSE IT index up 2.2%, BSE FMCG index up 1.75%. » Send to friends
4:26 PM - It was a busy day on Dalal Street, gap down opening, choppy and then a smart close. Our market gained strength post noon from European markets and then moved up sharply and ended with gains. Banking, metal and oil & gas stocks helped the market rally today. Sensex shut shop at 17021, up 236 points and Nifty at 5052, up 63 points from the previous close. CNX Midcap index was up 1.12% and BSE Smallcap index was up 0.43%. The market breadth was positive with advances at 735 against declines of 537 on the NSE. Top Nifty gainers included ACC, SAIL and Hindalco while losers were Suzlon, Reliance Capital and Reliance Power. » Send to friends
4:20 PM - There will be volatility next week ahead of F&O expiry, but if Nifty is able to close above 5080 then another 150-200 points rally is possible, says Mitesh Thacker, technical analyst, on CNBC TV18. Next week one could see Nifty around 5180-5250, he adds. Exit Suzlon at Rs 80, he adds. » Send to friends
4:17 PM - The corrections in the market have been short and shallow, says Deven Choksey of KR Choksey, on CNBC Awaaz. Till the dollar does not strengthen there will be liquidity in the system and market, he feels. Market is likely to move in a Nifty range of 4900-5150, he says. Once it breaks down or out of this range will its direction be clear, he adds. Bajaj Hindustan is his top pick in sugar for short-term gains. » Send to friends
4:12 PM - Buy JP Associates on dips around Rs 200 with a target of Rs 278-333, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 232, up 2.7% on the BSE. » Send to friends
4:10 PM - Hold Petronet LNG with a target of Rs 72-80 and stop loss of Rs 60, says Parsh Zaveri, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 69, up 0.8% on the BSE. » Send to friends
4:05 PM - Buy NMDC on dips with a target of Rs 470 and once that is crossed it can go to Rs 550-600, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 414, down 1.12% on the BSE. » Send to friends
4:02 PM - Hold Opto Circuits with a target of Rs 220 where one can exit and keep a stop loss of Rs 198, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 214, up 0.6% on the BSE. » Send to friends
3:59 PM - Hold Unitech with a target of Rs 100 and stop loss of Rs 70, says Parsh Zaveri, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 81, down 0.49% on the BSE. » Send to friends
3:55 PM - Hold Gulf Oil Corporation with a target of Rs 110-115 where one can exit the stock, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 106, down 0.5% on the BSE. » Send to friends
3:50 PM - Sell Sesa Goa with a target of Rs 340 and stop loss of Rs 365, says Parsh Zaveri, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 359, down 2.6% on the BSE. » Send to friends
3:45 PM - This is not a traders but investors market and if one is making good profits, book out, says Ambareesh Baliga of Karvy Stock Broking, on NDTV Profit. Buy select stocks on dips for good long-term gains, he adds. » Send to friends
3:41 PM - The market is likely to be in a Nifty range of 4940-5100, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The market may spend some more time in this range or higher before we can assume this is a resumption of the uptrend, he feels. Buy banking and auto stocks on dips and exit realty and infrastructure on rallies. Buy PNB with a target of Rs 960-970, he adds. » Send to friends
3:36 PM - It was a good closing for our market that opened weak and then saw a sharp recovery on account of short covering. Sensex closed at 17032, up 246 points (provisional) and Nifty at 5052, up 63 points (provisional) from the previous close. CNX Midcap index was up 1.27% and BSE Smallcap index was up 0.41%. The market breadth was positive with advances at 744 against declines of 523 on the NSE. » Send to friends
3:29 PM - But GSPL with a target of Rs 100 and stop loss of Rs 88, says Anil Maghnani, technical analyst, on Zee Business, as closing market strategy. » Send to friends
3:27 PM - Buy Nifty November futures with a target of 5100 and stop loss of 4950, says Parsh Zaveri, technical analyst, on CNBC Awaaz, as closing market strategy. » Send to friends
3:25 PM - But GIC Housing with a target of Rs 108 and stop loss of Rs 92, says Anil Maghnani, technical analyst, on Zee Business, as closing market strategy. » Send to friends
3:24 PM - Buy Nifty November futures with a target of 5115 and stop loss of 5020, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy. » Send to friends
3:21 PM - Buy Nifty 5000 call option and exit Monday Morning, says Sudarshan Sukhani, technical analyst, on CNBC-TV18, as closing market strategy. » Send to friends
3:20 PM - But ACC with a target of Rs 780 and stop loss of Rs 750, says Parsh Zaveri, technical analyst, on CNBC Awaaz, as closing market strategy. » Send to friends
3:18 PM - Hold on to Nifty longs positions, says Varun Daga, market expert, on CNBC TV18. His top picks in the auto space are Maruti and Hero Honda. » Send to friends
3:15 PM - Buy on dips and sell on rallies now, says Shahina Mukadam, technical analyst, on NDTV Profit. The market is now going to be in a Nifty range of 4900-5150, she adds. The upside seems capped around Nifty 5200 levels, she says. » Send to friends
3:10 PM - This is a buy on dips market and one should go with momentum, says Sajeev Dhavan of JV Capital Services, on CNBC TV18. Global markets are supportive and corporate results in next quarter may also be good, he feels. So the correction could be limited to 3-5%, he adds. » Send to friends
3:04 PM - The market has seen a sharp recovery post afternoon getting strength from European markets that opened in the positive. The recovery has also been led by banking, metal and oil and gas stocks. Sensex is trading at 16998, up 212 points and Nifty is at 5047, up 58 points from the previous close. CNX Midcap index is up 0.91% and BSE Smallcap index is up 0.34%. The market breadth is positive with advances at 727 against declines of 533 on the NSE. » Send to friends
3:00 PM - In an F&O call, sell Nifty November futures with a target of 4910 and stop loss of 5060, says Neera Jain, technical analyst, on CNBC Awaaz. » Send to friends
2:55 PM - In an F&O call, sell Nifty November futures with a target of 4850 and stop loss of 5080, says Hormuz Maloo, technical analyst, on CNBC Awaaz. » Send to friends
2:52 PM - Sensex is trading above 17000 and Nifty above 5050. The market has recovered and is trading at almost the high point of the day. » Send to friends
2:50 PM - In an F&O call, buy Nifty November futures with a target of 5082-5167 and stop loss of 4937, says Manoj Sachdeva, technical analyst, on CNBC Awaaz. » Send to friends
2:46 PM - In an F&O call, sell Nifty November futures with a target of 4850 and stop loss of 5085, says Somil Mehta, technical analyst, on CNBC Awaaz. » Send to friends
2:40 PM - Hold GVK Power with a target of Rs 60 and stop loss of Rs 44, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 51, down 0.7% on the BSE. » Send to friends
2:33 PM - Buy ACC with a target of Rs 770 and stop loss of Rs 735, says Parsh Zaveri, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 756, up 3.15% on the BSE. » Send to friends
2:27 PM - Hold RIL which is a must-have stock in one's portfolio, says Saurabh Mittal, market expert, on NDTV Profit. Once its disputes are settled then it will create new highs, he adds. The stock is currently trading at Rs 2119, up 1.78% on the BSE. » Send to friends
2:23 PM - Buy Ultratech Cement with a target of Rs 830 and stop loss of Rs 725, says Rakesh Bansal, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 789, up 3.6% on the BSE. » Send to friends
2:18 PM - Exit Reliance Infrastructure at Rs 1150-1200 and buy again at Rs 900-1000, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 1090, down 1.3% on the BSE. » Send to friends
2:12 PM - Sell HDIL with a target of Rs 325 and stop loss of Rs 360, says Rakesh Bansal, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 340, down 1% on the BSE. » Send to friends
2:04 PM - Nifty has bounced from the support of 4935 and now it needs to cross or close above 4980, says Nitin Murarka of SMC Global Securities on Zee Business. If that happens, the short covering rally can take Nifty to 5050 levels, he adds. » Send to friends
1:59 PM - Nifty is trading above 5000, shoots up 80 points and is currently trading at 5014, up 25 points from the previous close. The market has seen a sharp recovery in last 15 minutes and is seeing a short covering rally. Sensex is trading at 16893, up 107 points from the previous close. » Send to friends
1:55 PM - Book part profits in IFCI and hold the rest with stop loss of Rs 40, says Neera Jain, technical analyst, on NDTV Profit. It has resistance at Rs 53, she adds. The stock is currently trading at Rs 48, down 1.11% on the BSE. » Send to friends
1:49 PM - Buy Sterlite Industries with a target of Rs 900 and stop loss of Rs 825, says Rakesh Bansal, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 838, down 0.73% on the BSE. » Send to friends
1:44 PM - Exit Jindal Steel & Power on rally at Rs 715-735 or if it breaks Rs 676, says Prasad Kushe, technical analyst, on Zee Business. The stock is currently trading at Rs 700, down 1.27% on the BSE. » Send to friends
1:39 PM - Gammon Infrastructure has bagged orders worth Rs 850 crore from NHAI projects, says Parvez Umrigar, MD, of the company on NDTV Profit. This order is to be executed over 24 months and with this the company˙s order book stands at Rs 14000 crore, he adds. The stock is currently trading at Rs 20, up 9.2% on the BSE. » Send to friends
1:33 PM - Hold Suzlon with a target of Rs 105 in the long term and keep a stop loss of Rs 65, says Parsh Zaveri, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 70, down 6.12% on the BSE. » Send to friends
1:25 PM - Exit SBI which is in a mild downtrend now, says Neera Jain, technical analyst, on NDTV Profit. Buy again at its support of Rs 2100 or once it crosses Rs 2400, she adds. The stock is currently trading at Rs 2251, down 1.28% on the BSE. » Send to friends
1:19 PM - Buy Bajaj Auto with a target of Rs 1600 and stop loss of Rs 1450, says Rakesh Bansal, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1488, down 1.05% on the BSE. » Send to friends
1:11 PM - We are overweight on Indian equities and expect 20% returns in 2010, says Jonathan Garner of Morgan Stanley on CNBC TV18. Indian interest rates likely to go up in January, he says. Inflation pressures higher in India than China, he adds. » Send to friends
1:05 PM - The Asian markets saw a weak session while our market is seeing choppiness and trending lower. Sensex is trading at 16648, down 136 points and Nifty is at 4938, down 50 points from the previous close. CNX Midcap index is down 0.79% and BSE Smallcap index is down 0.64%. The market breadth is negative with advances at 420 against declines of 833 on the NSE. » Send to friends
1:00 PM - Buy Liberty Shoes with target of Rs 130 and stop loss below Rs 90, says Neera Jain, technical analyst, on NDTV Profit. The stock is currently trading at Rs 102.35, up 1.2% on the BSE. » Send to friends
12:55 PM - Hold PTC with target of Rs 125 and stop loss of Rs 105, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 110.70, down 0.4% on the BSE. » Send to friends
12:50 PM - Hold Cairn India and add more on dips, says Saurabh Mittal, market expert, on NDTV Profit. No major downside seen in this stock, he adds. The stock is currently trading at Rs 279.80, down 1.2% on the BSE. » Send to friends
12:45 PM - Hold Nagarjuna Construction with stop loss at Rs 156, says Pradeep Surekha, technical analyst, on Zee Business. Downside in this stock is limited, he adds. The stock is currently trading at Rs 163.90, up 0.4% on the BSE. » Send to friends
12:40 PM - A 20% gain for the Sensex over 2010 is likely, says Jonathan Garner of Morgan Stanley on CNBC TV18. He sees a possible correction in the January-March quarter and does not see new highs before 2011 or 2012. Underlying economic recovery is evident in Asia, he adds. » Send to friends
12:35 PM - Sell Jaiprakash Associates with target of Rs 215 and stop loss of Rs 233, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 226.15, down 0.2% on the BSE. » Send to friends
12:30 PM - Hold TV18 with target of Rs 82-84, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Buy again once it goes above Rs 85, he adds. It has support at Rs 68, he says. The stock is currently trading at Rs 77.40, up 0.8% on the BSE. » Send to friends
12:24 PM - Buy Glenmark Pharma with target of Rs 275 and stop loss below Rs 220, says Neera Jain, technical analyst, on NDTV Profit. The stock is currently trading at Rs 247.50, up 0.3% on the BSE. » Send to friends
12:17 PM - Hold Ranbaxy with long-term stop loss of Rs 372 and short-term stop loss of Rs 399, says Pradeep Surekha, technical analyst, on Zee Business. It looks good on the charts, he adds. The stock is currently trading at Rs 417.25, down 0.01% on the BSE. » Send to friends
12:11 PM - Hold Andhra Bank with targets of Rs 144 and 180 and stop loss of Rs 103, says Prasad Kushe, technical analyst, on Zee Business. The stock is currently trading at Rs 110.90, down 2.3% on the BSE. » Send to friends
12:06 PM - Hold Wockhardt with stop loss below Rs 160, says Neera Jain, technical analyst, on NDTV Profit. It has resistance at Rs 195 crossing which it will show good upside, she adds. The stock is currently trading at Rs 175, down 0.1% on the BSE. » Send to friends
12:01 PM - At noon, the market is trading choppy but the Nifty appears to be consolidating after a gap-down start. Sensex is trading at 16759, down 26 points from its previous close, and Nifty is at 4975, down 13 points. CNX Midcap index is up 0.3% and BSE Smallcap index is also up 0.3%. The market breadth is positive with advances at 667 against declines of 561 on the NSE. » Send to friends
11:57 AM - The near-term upside in the market will depend on the dollar's movement, says Deven Choksey of KR Choksey Securities on CNBC TV18. He sees signs of money moving out of emerging markets and believes that the Nifty can fall further if it breaks below the 4900 level. I like Adani Enterprise and Sterlite Technologies in the midcap space, he adds. » Send to friends
11:51 AM - Buy ICICI Bank on dips with target of Rs 1050-1100, says Shrikant Chouhan of Kotak Securities on NDTV Profit. The stock is currently trading at Rs 872, down 1.5% on the BSE. » Send to friends
11:45 AM - Sell Reliance Infrastructure with target of Rs 1060 and stop loss of Rs 1136, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1085, down 1.8% on the BSE. » Send to friends
11:39 AM - Exit Apollo Tyres at Rs 55-56 and buy again at Rs 45, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. The stock is currently trading at Rs 52.70, down 0.3% on the BSE. » Send to friends
11:34 AM - Hold NOCIL with target of Rs 28 on crossing its resistance of Rs 26, says Pradeep Surekha, technical analyst, on Zee Business. Downside in this stock is limited, he adds. The stock is currently trading at Rs 24.75, down 0.8% on the BSE. » Send to friends
11:29 AM - Buy Jayshree Tea and Harrisons Malayalam on dips, says Rajesh Agarwal of CD Equisearch on CNBC Awaaz. » Send to friends
11:23 AM - Hold TVS Motors with target of Rs 62 and stop loss of Rs 54, says Jatinder Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 58.75, up 2.5% on the BSE. » Send to friends
11:17 AM - Risk appetite may be slightly weak across the globe however, the uptrend still remains intact, says Roger Groebli of LGT Capital on CNBC TV18. Foreign investors are still looking at diversifying away from the dollar in commodities and emerging markets, he adds. He likes blue chips like L&T, RIL and Infosys. » Send to friends
11:12 AM - Sell ICSA-India with target of Rs 150 and stop loss of Rs 173, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 161.20, down 1.8% on the BSE. » Send to friends
11:08 AM - Buy GIC Housing with target of Rs 109 and stop loss of Rs 91, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 96.50, down 3% on the BSE. » Send to friends
11:02 AM - An hour into opening, the market appears to be just drifting along after a minor pullback following a flat start. Smallcap stocks appear to be outperforming the largecap ones. Sensex is trading at 16722, down 63 points from its previous close, and Nifty is at 4965, down 23 points. CNX Midcap index is up 0.1% and BSE Smallcap index is up 0.2%. The market breadth has now turned positive with advances at 639 against declines of 577 on the NSE. » Send to friends
10:58 AM - Buy Financial Technologies at Rs 1340-1350 with target of Rs 1535 and 1550 and stop loss of Rs 1310, says Shrikant Chouhan of Kotak Securities on NDTV Profit. The stock is currently trading at Rs 1389, up 1.1% on the BSE. » Send to friends
10:53 AM - Sell Indiabulls Real Estate with target of Rs 200 and stop loss of Rs 230, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 224.55, up 0.5% on the BSE. » Send to friends
10:46 AM - Hold IDBI which has good support at Rs 115, says Pradeep Surekha, technical analyst, on Zee Business. The upside is still intact in this stock, he adds. The stock is currently trading at Rs 122.70, down 1% on the BSE. » Send to friends
10:41 AM - Sell Educomp Solutions with intra-day target of Rs 735 and stop loss of Rs 765, says Anil Singhvi, market expert, on CNBC Awaaz. The stock is currently trading at Rs 761, up 0.6% on the BSE. » Send to friends
10:36 AM - Sell Unitech with targets of Rs 76 and 64 and stop loss of Rs 86, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 80, down 2% on the BSE. » Send to friends
10:30 AM - Buy Great Eastern Shipping at Rs 273-277 with target of Rs 295-300 and stop loss below Rs 265, says Shrikant Chouhan of Kotak Securities on NDTV Profit. The stock is currently trading at Rs 275, down 1% on the BSE. » Send to friends
10:27 AM - Sell Syndicate Bank below Rs 87 with targets of Rs 80 and 75 and stop loss of Rs 91, says Jatinder Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 88.60, down 0.3% on the BSE. » Send to friends
10:19 AM - Sell Patni Computers with intra-day target of Rs 440 and stop loss of Rs 465, says Anil Singhvi, market expert, on CNBC Awaaz. The stock is currently trading at Rs 450.65, down 2.1% on the BSE. » Send to friends
10:13 AM - Sell Unitech with target of Rs 73 and stop loss of Rs 85, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 80.20, down 1.8% on the BSE. » Send to friends
10:05 AM - Buy Shree Renuka Sugars at Rs 226 with targets of Rs 236 and 245 and stop loss of Rs 219, says Jatinder Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 227.05, up 0.2% on the BSE. » Send to friends
10:00 AM - Sell Welspun Gujarat with intra-day target of Rs 280 and stop loss of Rs 300, says Anil Singhvi, market expert, on CNBC Awaaz. The stock is currently trading at Rs 284, down 3% on the BSE. » Send to friends
9:58 AM - The market opens on a flat note. Earlier, the US markets closed soft while Asia is looking weak and trading in the negative. Sensex is trading at 16735, down 53 points from its previous close, and Nifty is at 4972, down 16 points. CNX Midcap index is down 0.03% and BSE Smallcap index is down 0.1%. The market breadth is negative with advances at 306 against declines of 468 on the NSE. » Send to friends
9:52 AM - Buy Welspun Gujarat at Rs 292 with intra-day target of Rs 300 and stop loss of Rs 288, says Hemen Kapadia, technical analyst, on CNBC TV18. The stock last traded at Rs 292.20, up 2.1% on the BSE. » Send to friends
9:49 AM - Sell IVRCL at Rs 369 with intra-day target of Rs 360 and stop loss of Rs 370, says Simi Bhaumik, technical analyst, on Zee Business. The stock last traded at Rs 369.10, down 4.2% on the BSE. » Send to friends
9:46 AM - Sell Pantaloon with intra-day target of Rs 315 and stop loss of Rs 333, says Anil Singhvi, market expert, on CNBC Awaaz. The stock last traded at Rs 329.45, down 3.6% on the BSE. » Send to friends
9:42 AM - Sell Patel Engineering with intra-day target of Rs 450 and stop loss of Rs 462, says Hemen Kapadia, technical analyst, on CNBC TV18. The stock last traded at Rs 456.65, down 3.2% on the BSE. » Send to friends
9:38 AM - Buy 4900 Put at Rs 30 with intra-day target of Rs 40 and stop loss of Rs 25, says Hemen Kapadia, technical analyst, on CNBC TV18. » Send to friends
9:34 AM - Sell SBI at Rs 2281 with intra-day target of Rs 2250 and stop loss of Rs 2300, says Simi Bhaumik, technical analyst, on Zee Business. The stock last traded at Rs 2280.45, down 2.6% on the BSE. » Send to friends
9:30 AM - The Nifty may open slightly weak and will trade in the range of 4920-5040, says Salil Sharma, technical analyst, on CNBC TV18. He advises selling Suzlon Energy with intra-day target of Rs 70 and stop loss of Rs 78. The stock last traded at Rs 75.20, up 2.5% on the BSE. » Send to friends