Wednesday, February 18, 2009

Market Voices - 18th Feb 09

18 February 

3:55 PM - Buy Indiabulls Real Estate with a target of Rs 109-112 and stop loss of Rs 89, says Jatindar Sharma of Equity Strategist on CNBC Awaaz. The stock is currently trading at Rs 96, up 2.8% on the BSE.


3:50 PM - Buy ITC with a target of Rs 192 and stop loss of Rs 174, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 179, down 0.47% on the BSE.  


3:45 PM - Buy United Spirits with a target of Rs 660 and stop loss of Rs 590, says Jatindar Sharma of Equity Strategist on CNBC Awaaz. The stock is currently trading at Rs 592, down 4.5% on the BSE.  


3:40 PM - Buy Syndicate Bank around Rs 60 with a target of Rs 67 and stop loss of Rs 60, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 62, down 0.32% on the BSE.  


3:36 PM - It was a dull day and the market closed flat today. Sensex closed at 9019, down 15 points (provisional) and Nifty at 2775, up 5 points (provisional) from the previous close. CNX Midcap index was down 0.82% and BSE Smallcap index was down 0.62%. The market breadth was negative with advances at 455 against declines of 723 on the NSE.  


3:28 PM - Initiate short on Nifty below 2750 with a target of Rs 2710-2720 and stop loss of Rs 2785, says Vijay Bhambwani, technical analyst, on CNBC TV18, as closing market strategy.  


3:26 PM - Square off all positions, take fresh positions tomorrow, says Rajat Bose, technical analyst, on CNBC TV18, as closing market strategy.  


3:25 PM - Hold Reliance Industries with a target of Rs 1400, its downside is limited, says Hemang Jani of Sharekhan on NDTV Profit. The stock is currently trading at Rs 1301, up 2.7% on the BSE.  


3:25 PM - Hold GMR Infra with a target of Rs 90 and it has support at Rs 60, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 86, up 2.8% on the BSE. 


3:20 PM - Nifty has support at 2720 and then 2670, Neppolian Pillai of Modern Shares & Stock Brokers, on CNBC TV18. But eventually the market is likely to collapse below the October lows, he adds.  


3:14 PM - If Dow breaks down below 7449 then there could be more weakness in our market, says Ashwani Gujral, technical analyst, on CNBC-TV18. Unless there is significant bad global news, Nifty is likely to hold 2500-2600, he says. This is the second phase of the bear market which will now spend time and stay ranged for some time, he feels. 


3:10 PM - The market does not seem to have the steam to go beyond 3000-3100 on Nifty, says Sajeev Dhavan of JV Capital Services, on CNBC TV18. The market has a maximum upside of 5% from here, he feels. The lack of news will see the market watch global cues, he adds.  


3:06 PM - The market continues to look weak unless Nifty closes above 3000, says Rajesh Jain of SMC Global Securities on Zee Business. Stay away from the market for the long term, he says. Use any rally to book profits, he adds.  


3:00 PM - The market is in a tight range but able to stay in the positive. Sensex is trading at 9053, up 18 points and Nifty is at 2787, up 19 points from the previous close. CNX Midcap index is down 0.44% and BSE Smallcap index is down 0.36%. The market breadth is negative with advances at 499 against declines of 659 on the NSE.  


2:54 PM - The government moves Company Law Board (CLB) to remove Maytas Infra management, says Porus Kaka, corporate lawyer, on NDTV Profit. While the fundamentals of the company and order book are good, this move is to restrain Maytas directors, he adds. The stock is currently trading at Rs 55, up 2.68% on the BSE. 


2:44 PM - Buy Hero Honda around Rs 915 with a target of Rs 970 and stop loss of Rs 905, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 935, down 1.19% on the BSE.  


2:37 PM - SMC Global Securities maintains a buy call on Renuka Sugar with a target of Rs 120 and stop loss of Rs 70, reports CNBC Awaaz. The stock is currently trading at Rs 88, up 4.42% on the BSE. 


2:30 PM - Buy Dabur India around Rs 90 with a target of Rs 100 and stop loss of Rs 85, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 91, down 0.27% on the BSE.  


2:23 PM - Karvy Stock Broking maintains a buy call on PNB with a target of Rs 627, reports Zee Business. The stock is currently trading at Rs 370, up 0.04% on the BSE.  


2:16 PM - Buy Colgate around Rs 430 with a target of Rs 460 and stop loss of Rs 420, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 448, up 1.71% on the BSE.  


2:08 PM - This is not the time to invest into the market, says Upendra Kulkarni of Fortess Financial, on CNBC Awaaz. It is best to book profits if one is invested and making gains, he advises.  


2:00 PM - The European markets have opened weak. Our market is trading volatile but able to hold on to its gains. Sensex is trading at 9077, up 42 points and Nifty is at 2796, up 26 points from the previous close. CNX Midcap index is down 0.11% and BSE Smallcap index is down 0.36%. The market breadth is negative with advances at 544 against declines of 601 on the NSE.  


1:54 PM - Hold Reliance Communications with a stop loss of Rs 147, says Simi Bhaumik, technical analyst, on Zee Business. The stock will continue to be rangebound with the upper level being Rs 180, she adds. The stock is currently trading at Rs 164, up 0.55% on the BSE.  


1:46 PM - HEM Securities maintains a sell call on Titan Industries with a target of Rs 730 and stop loss of Rs 810, reports CNBC Awaaz. The stock is currently trading at Rs 784, down 0.98% on the BSE.  


1:38 PM - Areva T&D India has bagged orders worth Rs 101 crore for the Tamil Nadu power project, reports CNBCTV18. The stock is currently trading at Rs 186, up 2.34% on the BSE.  


1:29 PM - Hold Voltamp Transformers with a stop loss of Rs 310 as the downside is limited, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 341, up 1.49% on the BSE.  


1:23 PM - KEC International has bagged an order worth Rs 365 crore, reports CNBC TV18. The stock is currently trading at Rs 140, up 1.89% on the BSE.  


1:15 PM - The downside in the Indian market is limited, says Edward Pulling of JP Morgan AMC, on CNBC TV18. But the Indian market is not cheap compared with the world, he says. There is more earnings pain going ahead, he adds. It is best to invest in this market in a staggered way, he feels. 


1:08 PM - The Asian markets are trading weak after a selloff in the US market. The Indian market is showing resilience and is trading in the positive. Sensex is trading at 9060, up 25 points and Nifty is at 2794, up 24 points from the previous close. CNX Midcap index is down 0.58% and BSE Smallcap index is down 0.53%. The market breadth is negative with advances at 492 against declines of 632


1:00 PM - Buy ITC at Rs 170, says V Sundar Raja, technical analyst, on NDTV Profit. Keep stop loss of Rs 155, he adds. The stock is currently trading at Rs 181.25, up 0.4% on the BSE.  


12:53 PM - Cover short positions in SAIL at either Rs 77 or certainly between Rs 71-75, says E Mathew, technical analyst, on CNBC TV18. For short positions, keep stop loss of Rs 88 and for traders, stop loss is Rs 93, he adds. The stock is in a downtrend, he says. The stock is currently trading at Rs 83.25, up 0.4% on the BSE.  


12:48 PM - ICICI Securities maintains a sell call on Hindalco with target of Rs 41, reports CNBC Awaaz. It is expected to fall 4% from the current levels, it adds. The stock is currently trading at Rs 41.90, down 0.7% on the BSE.  


12:41 PM - Buy Hindustan Construction at Rs 33, says V Sundar Raja, technical analyst, on NDTV Profit. Keep stop loss of Rs 25, he adds. The stock is currently trading at Rs 40.80, down 0.4% on the BSE.  


12:33 PM - Ambit Capital maintains a buy call on GSPL with target of Rs 45, reports CNBC Awaaz. It is expected to give returns of 38% from the current levels, it adds. The stock is currently trading at Rs 33, up 1.4% on the BSE. 


12:27 PM - Buy Jain Irrigation at Rs 350, says V Sundar Raja, technical analyst, on NDTV Profit. Keep stop loss of Rs 310, he adds. The stock is currently trading at Rs 374.65, down 1.1% on the BSE.  


12:20 PM - Sell-off seen in the last two days may have been driven due to the disappointment from Pranab Mukherjee not announcing anything significant in the interim budget, says PN Vijay, portfolio manager, on CNBC TV18. It was not based on any deterioration of macros, he adds. He doesn't see the markets touching the October lows as there has been an improvement in the production of cement, steel, etc.  


12:16 PM - Buy Bharti Airtel for long term on any correction in the market, says Ashu Madan of Religare Securities on CNBC Awaaz. The stock is currently trading at Rs 639.50, up 1.1% on the BSE.  


12:11 PM - The market at noon continues to gain in strength with the Nifty hovering around the green mark. Power stocks are doing well. Sensex is trading at 8984, down 50 points from its previous close, and Nifty is at 2771 down 0.5 points. CNX Midcap index is down 0.9% and BSE Smallcap index is down 0.6%. 


12:00 PM - Sell United Spirits on any trading rally, says Neppolian Pillai of Modern Shares & Stock Brokers on CNBC TV18. The maximum it can rally is about Rs 770 and it may slip to Rs 510 or even Rs 410, he adds. The stock is currently trading at Rs 604.50, down 2.6% on the BSE.  


11:53 AM - Exit from Adlabs on any upmove, says Gaurang Shah of Geojit Financials, on CNBC Awaaz. Fundamentally, it is a weak stock, he adds. The stock is currently trading at Rs 159.40, down 0.03% on the BSE. 


11:46 AM - Buy Spice Communications on dips around Rs 60, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Keep stop loss of Rs 50, he adds. It has resistance at Rs 85-90, he says. The stock is currently trading at Rs 67.75, down 6.3% on the BSE. 


11:38 AM - Buy Reliance Power at Rs 90, says Rajesh Tambe of Sunchan Securities, on Zee Business. It has good fundamentals, he adds. The stock is currently trading at Rs 101, up 0.3% on the BSE.  


11:32 AM - Buy Hexaware when it is around Rs 28, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Keep stop loss of Rs 25, he adds. The stock is currently trading at Rs 29.75, down 5.1% on the BSE.  


11:25 AM - Buy HUL with target of Rs 270, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 242, he adds. The stock is currently trading at Rs 247.40, down 1.7% on the BSE.  


11:18 AM - Buy Bharti Airtel at around Rs 620-630, says Rahul Mohindar, technical analyst, on CNBC TV18. Keep stop loss of Rs 600, he adds. It has resistance at Rs 670-675, he says. The stock is currently trading at Rs 637, up 0.7% on the BSE.  


11:11 AM - Sell DLF when it is around Rs 160, says Anil Singhvi, market expert on CNBC Awaaz. Keep stop loss of Rs 165, he adds. The stock is currently trading at Rs 145.75, down 1.4% on the BSE.  


11:05 AM - An hour into opening, the market is gaining grounds, showing more strength than its global peers. Sensex is trading at 9010, down 24 points from its previous close, and Nifty is at 2774, down 3 points. CNX Midcap index is down 0.8% and BSE Smallcap index is down 0.4%. The market breadth is negative with advances at 400 against declines of 627 on the NSE.  


10:56 AM - Buy Suzlon Energy only when it crosses Rs 43.50, says Rajat Bose, technical analyst, on CNBC Awaaz. It has support at Rs 39, he adds. The stock is currently trading at Rs 41.80, up 1.1% on the BSE. 


10:48 AM - The market is heading towards October lows in the near-term as global economic conditions fail to improve, says Vibhav Kapoor of IL&FS on CNBC TV18. He expects commodity, technology and oil and gas stocks to drag indices lower. He finds that bank stocks are showing first signs of weakness.  


10:42 AM - Buy GSS America Infotech at around Rs 100, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Keep stop loss of Rs 95, he adds. It has resistance at Rs 140-150, he says. The stock is currently trading at Rs 119.50, up 4.6% on the BSE.  


10:35 AM - Exit from Maytas Infra at current levels, says SP Tulsian, investment advisor, on CNBC Awaaz. There is no good news in this stock, he adds. The stock is currently trading at Rs 56.85, up 5% on the BSE.  


10:27 AM - Buy United Spirits at around Rs 550, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Keep stop loss of Rs 525, he adds. One will have selling opportunity at Rs 650, he says. The stock is currently trading at Rs 624, up 0.6% on the BSE.  


10:20 AM - Hold Reliance Capital with stop loss of Rs 340, says Pradeep Surekha, technical analyst, on Zee Business. It can go up to Rs 410-420 at which level one can book profit, he adds. The stock is currently trading at Rs 383.15, up 0.6% on the BSE.


10:13 AM - Buy SAIL with stop loss of Rs 75, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. The stock is currently trading at Rs 84.10, up 1.5% on the BSE.  


10:06 AM - Aggressive traders can sell Siemens for small profits, says Anil Singhvi, market expert on CNBC Awaaz. Keep stop loss of Rs 235, he adds. The stock is currently trading at Rs 222.70, up 1.5% on the BSE.  


9:59 AM - The market has an okay start today despite poor Asian cues. However, pressure is seen on metal and bank stocks. Sensex is trading at 9009, down 28 points from its previous close, and Nifty is at 2766, down 4 points. CNX Midcap index is down 0.9% and BSE Smallcap index is down 0.4%. The market breadth is negative with advances at 108 against declines of 372 on the NSE.  


9:53 AM - Crucial level of Nifty is 2730, says Rajat Bose, technical analyst, on CNBC Awaaz. If it goes above this level then it will move up to 2770-2780 and then 2820, he adds. Sell on higher levels, he advises. He sees weakness in realty stocks.  


9:46 AM - Sell SAIL at Rs 82 with target of Rs 80, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 84, she adds. The stock is at Rs 82.90, down 4.3% on the BSE.  


9:39 AM - The bullish pivot for the session will be at the 2810 level and bearish pivot at the 2790 level, says Vijay Bhambwani, technical analyst, on CNBC TV18. The outlook for the markets today is that of caution as the bulls are at a serious disadvantage and should the overseas cues remain negative, the domestic markets may see fresh declines, he adds.  


9:32 AM - Market will have a gap down opening on account of weak global cues, says Ashwani Gujral, technical analyst, on CNBC TV18. He sees supports at 2670-2700 and resistances at 2800-2860. Market may trade near the lower band of the broad range of 2700-2950 and as long as 2600 is intact there will be some bounce back, he adds. He advises traders to wait for the market to stabilize and then go long at 2650-2670.  

No comments:

Post a Comment