gopalakrishna

Crude oil has hit a new high and European markets are trading down. Back home, Sensex is currently trading at 13,129, down 535 points from the previous close. Nifty is at 3928, down 164 points. CNX Midcap and BSE Smallcap indices are down 3.5% and 2.8% respectively. Market breadth is weak, with just 206 advances against 1,027 declines on the BSE. » Send to friends

1:59 PM - Nymex crude has hit yet another all-time high and is now at $145.09 per barrel, reports NDTV Profit. » Send to friends

1:53 PM - The downside in Brigade Enerprises seems to be limited, says MB Singh, technical analyst, on Zee Business. It has support at Rs 96, so one can now have a stoploss below that, he says. If the market moves up, then expect this stock to move up too, he adds. It is currently trading at Rs 101.90, down 5.4% on the BSE. » Send to friends

1:45 PM - Enam has downgraded ONGC to 'underperformer' and has a target price of Rs 907 on it, reports CNBC-TV18. The stock is currently trading at Rs 831.10, down 2.7% on the BSE. » Send to friends

1:38 PM - JP Hydro has support at Rs 35, so one can buy the stock close to this price and have a stoploss below it, says MB Singh, technical analyst, on Zee Business. If the market rallies, then expect it to go up to Rs 60-65, he adds. It is currently trading at Rs 40.60, down 7.8% on the BSE. » Send to friends

1:30 PM - Maruti Suzuki can fall to Rs 490-480 in the coming 2-3 months, says Shishir Kedia of Religare Securities, on NDTV Profit. On the upside, it if goes above Rs 590, then Rs 650-660 is possible, he adds. Short term investors can exit the stock on rallies, he suggests. It is currently trading at Rs 555.60, down 3.8% on the BSE. » Send to friends

1:23 PM - Nagarjuna Fertilisers has strong support at Rs 25, says MB Singh, technical analyst, on Zee Business. So one can invest in thsi counter, with a stoploss below Rs 25, he suggests. It is currently trading at Rs 30.50, down 7.7% on the BSE. » Send to friends

1:16 PM - Omaxe can fall to Rs 102-100, says Shishir Kedia of Religare Securities, on NDTV Profit. On the upside, if it goes above Rs 130, then Rs 144-145 is possible, he says. Sell the stock on rallies, he suggests. It is currently trading at Rs 119, down 9.2% on the BSE. » Send to friends

1:05 PM - On the upside, DLF can go up to Rs 440-450 maximum, says Shishir Kedia of Religare Securities, on NDTV Profit. On the downside, expect it to slip to Rs 280-290, he says. If you have a short term view on the stock, then sell on rallies, he suggests. It is currently trading at Rs 387.85, down 8.5% on the BSE. » Send to friends

12:59 PM - UCO Bank looks weak on charts and there seems to be more pain in this counter, says Shishir Kedia of Religare Securities, on NDTV Profit.It can fall to Rs 22-20 in the coming months, where one can buy it for the long term, he adds. For now it can go up to Rs 33-34 utmost, he says. The stock is currently trading at Rs 27.20, down 4.4% on the BSE. » Send to friends

12:47 PM - Yes Bank can possibly fall to Rs 85-90 in the coming months, says Shishir Kedia of Religare Securities, on NDTV Profit. On the upside, above Rs 112, it may see a small pullback rally to Rs 125, he adds. Sell the stock on rallies and re-enter at lower levels, he suggests. It is currently trading at Rs 104.90, down 7.4% on the BSE. » Send to friends

12:38 PM - ITC has an 8-10 month target of Rs 225-230, says Shishir Kedia of Religare Securities, on NDTV Profit. It has good support at Rs 175-180, he adds. The stock is currently trading at Rs 174.20, down over 3% on the BSE. » Send to friends

12:31 PM - In the next 2-3 months, Tata Motors can fall to Rs 320-325, says Shishir Kedia of Religare Securities, on NDTV Profit. On the upside, if it can stay above Rs 425, then it can go to Rs 450-460, he adds. It is currently trading at Rs 389.95, down 5.7% on the BSE. » Send to friends

12:23 PM - The fall has got bigger. Sensex is now at 13,040, down 624 points from the previous close. Nifty is at 3908, down 184 points. CNX Midcap index is down 3.6% and BSE Smallcap index, down 2.4%. » Send to friends

12:17 PM - If SBI falls below Rs 1,020, then expect to see it fall to Rs 880-850 levels, says Shishir Kedia of Religare Securities, on NDTV Profit. On the upsie, if it moves above Rs 1,090, then it can go up to Rs 1,200-1,220, where it will face resistance, he says. The stock is currently trading at Rs 1,073, down 0.5% on the BSE. » Send to friends

12:09 PM - Sharekhan has a 'buy' rating on Madras Cement, with a target of Rs 4,000, reports CNBC-TV18. The stock is currently trading at Rs 2,650, down 2.3% on the BSE. » Send to friends

12:03 PM - In the banking sector, one can buy HDFC Bank, ICICI Bank and Axis Bank with a view of a year or more for good returns, says Phani Sekhar of Angel Broking, on NDTV Profit. » Send to friends

11:56 AM - Tata Motors does not have much downside left, and can fall to Rs 350-340 at the most, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. The stock is currently trading at Rs 393, down 4.9% on the BSE. » Send to friends

11:49 AM - In the energy space, Reliance Industries and Cairn India look good, says Suresh Mahadevan of UBS Securities, on CNBC-TV18. But the brokerage is negative on PSU oil companies, he adds. » Send to friends

11:41 AM - If one invests at current levels with 2 year perspective, then can expect 18-20% returns per annum, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. But since lower levels are expected, invest in a staggered manner, he suggests. » Send to friends

11:35 AM - This is a good time to get into stocks with 12-18 months perspective, says Suresh Mahadevan of UBS Securities, on CNBC-TV18. The Indian market is nowhere near a severe crisis, he says. The brokerage expects inflation to be contained by year-end, he says. » Send to friends

11:27 AM - The market is in a bear phase and the Nifty may fall to its strong support levels of 3800 and 3600, says Hardik Jain, technical analyst, ISJ Securities, on NDTV Profit. So use any rise in the market to exit and wait for lower levels to re-enter, he suggests. » Send to friends

11:17 AM - Expect the market to remain volatile ahead, says Devesh Kumar, MD, Centrum Broking, on NDTV Profit. He sees 10% drop in earnings from earlier expectations. » Send to friends

11:08 AM - Wipro may still take 1.5 months or so to bottom out and start moving up again, says Rajkishore Bang, technical analyst, on NDTV Profit. The stock is currently trading at Rs 431, down over 2% on the BSE. » Send to friends

11:01 AM - The market has fallen even more. Sensex is at 13,193, down 471 points from the previous close. Nifty is at 3955, down 138 points. CNX Midcap index is down 2.5% and BSE Smallcap index, down 2.2%. All BSE sectoral indices are trading lower, with that for metal, realty, power and banks beaten down the most. » Send to friends

10:55 AM - In the IT space, Tech Mahindra seems to have bottomed out and may see an upmove in it now, says Rajkishore Bang, technical analyst, on NDTV Profit. It is currently trading at Rs 693, down 2.7% on the BSE. » Send to friends

10:49 AM - Reliance Infrastructure has become a volatile stock and will face resistance at Rs 880-900, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. It is currently trading at Rs 746, down 5.6% on the BSE. » Send to friends

10:41 AM - All seems to be well with BHEL and the worst over, says Rajkishore Bang, technical analyst, on NDTV Profit. The stock now has a short term target of Rs 1,550-1,625, he adds. It is currently trading at Rs 1,400, down 1.8% on the BSE. » Send to friends

10:34 AM - HSBC is overweight on Idea Cellular and has a target price of Rs 160 on the stock, reports NDTV Profit. The stock is currently trading at Rs 89.55, down 4.5% on the BSE. » Send to friends

10:27 AM - The painful days for IT seem to be over, says Rajkishore Bang, technical analyst, on NDTV Profit. Infosys has more upside headroom left; it has an immediate target of Rs 1,950 and a slightly longer term target of Rs 2,100, he adds. The stock is currently trading at Rs 1,781.40, down 2.2% on the BSE. » Send to friends

10:20 AM - IFCI has the potential to go up to Rs 44-45, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. But on the downside, if it falls below Rs 32, then the structure will be destroyed and the stock can fall to Rs 20, he adds. It is currently trading at Rs 34, down 6.6% on the BSE. » Send to friends

10:14 AM - Nifty will face strong resistance at 4150, says Hardik Jain, technical analyst, ISJ Securities, on NDTV Profit. The trend is still weak and it can go down to 3800 this week, he adds. » Send to friends

10:05 AM - Long term charts of Praj Industries look good, says Rajkishore Bang, technical analyst, on NDTV Profit. Continue to hold the stock as it is expected to bounce back with the market, he says. It is currently trading at Rs 168.10, down 1.1% on the BSE. » Send to friends

9:57 AM - The market has opened lower on Thursday. Sensex is at 13,406, down 258 points from the previous close. Nifty is at 4027, down 65 points. » Send to friends

9:54 AM - The market may see a two-sided movement, says an NDTV Profit Opinion Poll. One may see a sell-off if the opening is strong. Next Nifty targets are 4165 and 4325. Stocks to watch are Pyramid Saimira, DLF, Maruti and other auto stocks. » Send to friends

9:47 AM - Archies will face a strong resistance at Rs 120, where one is advised to exit the counter, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. It is at Rs 89 on the BSE. » Send to friends

9:41 AM - Jet Airways has broken all important support levels, but it may bounce back with the market, says Rajkishore Bang, technical analyst, on NDTV Profit. It is best to exit the stock on a rally, as thre isn't much here in the short to medium term, he suggests. The stock is at Rs 347.55 on the BSE. » Send to friends

9:35 AM - DLF can go up to Rs 500 now, but it will see a lot of profit booking there and may come down again, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. It is at Rs 423.95 on the BSE.