Free Investment Guide

Today I bought Tech Mahindra again 20 shares @ 876 and 866/- Hope it will rise tomorrow.

3:54 PM - A negative start, but a flattish close, that’s how the day was for the market today! Mixed cues from the Asian markets kept the market in the negative terrain, but a fairly good trade in European markets revived the market back home, to an extent. Sensex closed at 17,243, up 12 points from the previous close. Nifty shut shop at 5117, also up 12 points. CNX Midcap index ended up 0.8% and BSE smallcap index, up 1.5%. Oil & gas and metal stocks were the favourites, while banking stocks were dumped. Top Sensex gainers include Tata Steel, Mahindra & Mahindra and RIL, while losers are HDFC, HDFC Bank and HUL, among others.

3:49 PM - There’s another Rs 15-20 upside from the current levels in McLeod Russel, says Rahul Mohindar, technical analyst, on CNBC-TV18.

3:45 PM - Videocon Industries can go up to Rs 450, where one should look to book profits, says Sachin Chauhan, technical analyst, on NDTV Profit. It is a good momentum stock and not so good for the long term, he adds. It is at Rs 410.50 on the BSE.

3:39 PM - One can look at buying Gujarat NRE Coke on dips or even at current levels, says Rahul Mohindar, technical analyst, on CNBC-TV18. The stock can move up by another Rs 40-50 in the next 6-8 months, he says. It is at Rs 160.10, up over 7% on the BSE.

3:33 PM - The market opened in the negative terrain and traded there for most of the day, but managed to close in the green. Sensex ended at 17,241, up 11 points (provisional) from the previous close. Nifty shut shop at 5118, up 13 points (provisional).

3:28 PM - Reliance Industries has a target of Rs 2,750-2,780 now, says Rahul Mohindar, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 2,670, up 2.6% on the BSE.

3:21 PM - Hold Nifty long positions for the target of 5173, with a stoploss of 5070, says Anil Maghnani, technical analyst, as a closing market strategy, on CNBC-TV18. Buy Lanco Infra for a target of Rs 607/645, he adds.

3:17 PM - ICICI Bank will face resistance at Rs 1,000, but above this, it would target Rs 1,155, says Daryl Guppy, Director of Guppytraders.com, on CNBC-TV18. The stock is currently trading at Rs 911, down 1.8% on the BSE.

3:10 PM - One can buy IT stocks in a staggered way with 4-6 months view, says Manas Jaiswal of Emkay, on CNBC Awaaz. In the midcap IT space, once Polaris moves above Rs 115-116, it can go up to Rs 130 or so, he adds. The stock is currently trading at Rs 108.25, up 0.14% on the BSE.

3:03 PM - The market is trading in the positive terrain now, thanks to good cues from European markets. Sensex is at 17,266, up 36 points from the previous close. Nifty is at 5126, up 21 points. CNX Midcap index is up 0.7% and BSE Smallcap index, up 1.6%. Buying is seen in almost all sectors, but banking stocks are still facing selling pressure.

2:57 PM - If Bartronics can close above Rs 245 today, then it can go up to Rs 294, says Manas Jaiswal of Emkay, on CNBC Awaaz. Above that, it has a target price of Rs 335, he adds. The stock is currently trading at Rs 247.45, up 4.2% on the BSE.

2:50 PM - If Hindustan Oil Exploration Company closes above Rs 155-156 today, then it is possible that it touches its earlier highs in the coming days, says Manas Jaiswal of Emkay, on CNBC Awaaz. The stock is currently trading at Rs 154.35, up 6.9% on the BSE.

2:42 PM - Angel Broking has a ‘buy’ rating on HT Media, with a target price of Rs 193, reports CNBC-TV18. The stock is currently trading at Rs 142.50, up 0.6% on the BSE.

2:33 PM - Sensex has support at 16,800, but can fall slightly below that too, says Daryl Guppy, Director of Guppytraders.com, on CNBC-TV18. On the upside, it will face resistance at 18,325, he adds. And Nifty has support at 4950 and will face resistance at 5300, he says. Once 5300 is crossed, it can target 5700, he adds.

2:26 PM - India and China are in a ’serious’ bear market, says Shankar Sharma of First Global, on NDTV Profit. The downside risk remains, as the bear market is driven by negative news, he says. High crude price is the biggest problem for India and the Indian bull market will return if crude falls to $75 per barrel and stays close to that, he adds.

2:16 PM - HDFC Securities maintains a ‘buy’ rating on Zuari Industries with a price target of Rs 520, reports CNBC-TV18. The stock is currently trading at Rs 257, up 1.4% on the BSE.

2:16 PM - One can buy Jay Shree Tea at current levels, for a medium term target of Rs 180-210, says Rajat Bose, technical analyst, on CNBC-TV18. The stock has support at Rs 138-133, so keep a stoploss below Rs 133, he says. He is bullish on the entire tea sector. The stock is currently trading at Rs 158.50, up 13.8% on the BSE.

2:09 PM - Educomp Solutions is a good stock and only a bad market can bring it down, says Rajesh Jain of SMC Global, on NDTV Profit. The stock has support at Rs 3,800-3,900 and will face some resistance at Rs 4,500-4,600, he adds. It is currently trading at Rs 4,044, up 0.3% on the BSE.

2:01 PM - European markets are trading flat or slightly higher and so is the market back home. Sensex is at 17,223, down 6 points from the previous close. Nifty is at 5110, up 5 points. Oil & gas stocks are attracting buying interest, while banking stocks are being dumped.

1:56 PM - Crude oil price could move higher, but it will face some resistance at $137-138 per barrel and above that, at $147-148 per barrel, says Daryl Guppy, Director of Guppytraders.com, on CNBC-TV18.

1:50 PM - Not much upside can be seen in GV Films in the short term, says Ashok Agarwal, market analyst, on Zee Business. Exit the counter whenever the stock rallies to Rs 7-8, he suggests. It is currently trading at Rs 4.88, up 0.2% on the BSE.

1:43 PM - Reliance Industries has to move and stay above Rs 2,645 for the trend to continue, says Daryl Guppy, Director of Guppytraders.com, on CNBC-TV18. The stock is currently trading at Rs 2,669, up 2.6% on the BSE.

1:36 PM - Adlabs has support at Rs 600-650 and resistance at Rs 780-800, says Rajesh Jain of SMC Global, on NDTV Profit. One can expect a decent rally in the stock, once it closes decisively above the resistance level, he says. It is currently trading at Rs 728.60, up 0.9% on the BSE.

1:29 PM - JSW Steel may face resistances at Rs 1,160-1,190-1,200, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. A good level to buy the stock would be 900-950, he adds. It is currently trading at Rs 1,133, down 1.2% on the BSE.

1:21 PM - One can go long in Mundra Port on dips, says Rajesh Jain of SMC Global, on NDTV Profit. The stock has a target of Rs 1,000-1,050 and support at Rs 725-775, he adds. It is currently trading at Rs 904.50, up 2.2% on the BSE.

1:12 PM - MIC Electronics has a target of Rs 1,025-1,087, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 965, down 4% on the BSE.

1:04 PM - The market has recovered and is now trading flat. Sensex is flat at 17,230, and Nifty, at 5109, up 4 points from the previous close.

1:02 PM - CLSA has maintained underperformer rating on Suzlon; with a target of Rs 235, reports CNBC-TV18. The stock is currently trading at Rs 312/60, down 1.8% on the BSE.

12:55 PM - The BSE has suspended trading in KGN Industries for the day, say dealers, reports CNBC-TV18. The stock hit an intra-day high of Rs 55,000 today. is at Rs 15,001 on the BSE.

12:50 PM - Infosys has support at Rs 1,650-1,750 and resistance at Rs 2,000-2,100, says Rajesh Jain of SMC Global, on NDTV Profit. The stock is currently trading at Rs 1,875, down 0.7% on the BSE.

12:41 PM - Gujarat NRE Coke is a good stock and has support at Rs 130-135, says Rajesh Jain of SMC Global, on NDTV Profit. The stock will face resistance at Rs 170-175, he adds. Continue to hold the stock with a stoploss at Rs 135, he suggests. It is currently trading at Rs 155.20, up 3.7% on the BSE.

12:34 PM - Cement stocks look weak on the charts for now, says Rajesh Jain of SMC Global, on NDTV Profit. ACC will face resistance at Rs 740-760, where one can look to exit the counter, he suggests. It is currently trading at Rs 687.90, up 0.8% on the BSE.

12:24 PM - Suzlon has support at Rs 280 and target of Rs 345-400, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 315, down over 2% on the BSE.

12:17 PM - McLeod Russel has a good support base at Rs 98-90 and has the potential to go up to Rs 125-130, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. So continue to hold the stock for now, he suggests. It is currently trading at Rs 107.90, up over 5% on the BSE.

12:09 PM - Firstsource has bagged a 3-year outsourcing contract from Bharti Airtel, reports NDTV Profit. Firstsource stock is currently trading at Rs 44.25, up 8.2% on the BSE.

12:02 PM - The market is till trading lower, though off the day’s lows. Sensex is currently at 17,123, down 106 points from the previous close. Nifty is at 5073, down 31 points. CNX Midcap index is flat, while BSE Smallcap index is up 0.5%. Market is still weak, but improved slightly, with 564 advances against 608 declines on the NSE.

11:54 AM - SCI has support at Rs 250-270, where it can be a good buy too, says Rajesh Jain of SMC Global, on NDTV Profit. It might face resistances at Rs 310-320, but continue to hold the stock, he adds. It is currently trading at Rs 285.75, down 1.6% on the BSE.

11:47 AM - Gujarat State Petronet is a buy at current levels for a target price of Rs 85, says Mandar Jamsandekar, Director, Precision Technicals, on NDTV Profit. Keep a stoploss of Rs 69, he suggests. The stock is currently trading at Rs 72.65, down 0.1% on the BSE.

11:40 AM - As long as the support of 4950-4900 on the Nifty remains intact, one can buy on declines, says Ashwani Gujral, technical analyst, on CNBC-TV18. Inflation should go down going ahead and therefore, after consolidating at lower levels, the market will move up, he adds.

11:33 AM - If the Nifty falls below 5010, then one can say it is the end of the short term rally in the market, says Sudhanshu Pandey of LKP Shares, on NDTV Profit. The NSE 50-share index will then start testing support levels of 4950 or so, he adds.

11:26 AM - Steel looks better than cement for now, says says Ashwani Gujral, technical analyst, on CNBC-TV18. Tata Steel looks good for Rs 950 and Sterlite for Rs 1,000-1,050, he adds.

11:18 AM - One can look at buying Shree Renuka Sugars with a stoploss at Rs 130, for a month’s target of Rs 168, says Mandar Jamsandekar, Director, Precision Technicals, on NDTV Profit. The stock is currently trading at Rs 134.70, down 0.7% on the BSE.

11:10 AM - HUL has support at Rs 236 and may face resistance at Rs 255, says Mandar Jamsandekar, Director, Precision Technicals, on NDTV Profit. The stock will see some major action only after it crosses this resistance level, he adds. It is currently trading at Rs 237, down almost 2% on the BSE.

11:03 AM - The market is still pinned down by negative Asian cues. Sensex is at 17,093, down 136 points from the previous close. Nifty is at 5062, down 42 points. CNX Midcap index is down 0.4% and BSE Smallcap index, is falttish. All sectoral indices, but that for oil & gas and consumer durable, are trading lower. Market breadth is weak, with 422 advances against 704 declines on the NSE.

10:55 AM - Tata Power has support at around Rs 1,400 and has the potential to go up to Rs 1,625-1,650, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 1,479, down 0.8% on the BSE.

10:47 AM - In the IT sector, Wipro can move up by 10-15% from the current levels, says Mandar Jamsandekar, Director, Precision Technicals, on NDTV Profit. The stock is currently trading at Rs 493.30, down 0.5% on the BSE.

10:40 AM - Mundra Port has a target of Rs 1,013 and above that, Rs 1,100, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 911.40, up over 3% on the BSE.

10:34 AM - Cairn India now has a target of Rs 360, says Ashwani Gujral, technical analyst, on CNBC-TV18. Keep riding the trend for now, the stock looks strong, he suggests. But if you wish to buy, wait for lower levels like Rs 311 or so, he adds. The stock is currently trading at Rs 333.50, up 1.7% on the BSE.

10:27 AM - Videocon Industries has support at Rs 360 and can head towards Rs 448 and possibly even to Rs 495, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 427, up over 4% on the BSE.

10:20 AM - Do not expect anything spectacular in Rolta in the short term, says Mandar Jamsandekar, Director, Precision Technicals, on NDTV Profit. The stock has support at Rs 300-290 and resistance at Rs 325, he says. One will see some action in the stock only when it moves beyond the resistance level, he adds. Continue to hold the stock, but with a trailing stoploss, he suggests. It is currently trading at Rs 311, up 0.1% on the BSE.

10:12 AM - Religare Securities maintains a ‘buy’ rating on Rohit Ferro, GSPL and HDIL, reports NDTV Profit. Rohit Ferro is at Rs 144.40 (down 2.2%), GSPL at Rs 73.65 (up 1.2%) and HDIL at Rs 856.55 (up 1.7%), on the BSE.

10:05 AM - Cairn India seems to be heading towards the fag end now, says Sudhanshu Pandey, technical analyst, LKP Shares, on NDTV Profit. The stock may move up to Rs 340-350, but will face very strong resistance there int he short term, he adds. Long term charts still look fine, he says. The stock is currently trading at Rs 339.70, up 3.6% on the BSE.

9:59 AM - The market has opened lower on Wednesday. Sensex is currently at 17,044, down 185 points from the previous close. Nifty is at 5060, down 44 points. CNX Midcap and the BSE Smallcap indices have also opened lower.

9:54 AM - Negative opening is expected for the market today, says an NDTV Profit Opinion Poll. Nifty range for the day is expected to be 5040-5118. One needs to watch if the Nifty breaks 5010. Stocks to watch today are TRF, Orchid Chemicals, Cairn India and Ranbaxy.

9:51 AM - Essar Shipping is moving in a band of Rs 150 (support) and Rs 188 (resistance), says Mandar Jamsandekar, Director, Precision Technicals, on NDTV Profit. So it may not be the best time to buy the stock now, wait for it to breakout of its resistance first, he suggests. The stock is at Rs 166.45 on the BSE.

9:44 AM - HDIL is in a short term uptrend, but it might face some resistance at Rs 880, says Mandar Jamsandekar, Director, Precision Technicals, on NDTV Profit. Once this hurdle is crossed, the stock can move up to Rs 1,000-1,100, he adds. It is now at Rs 842.40 on the BSE.

9:38 AM - The immediate target for Cairn India is Rs 338 now, says Mandar Jamsandekar, Director, Precision Technicals, on NDTV Profit. The stock is in a good uptrend, so continue to hold it with a trailing stoploss, he suggests. It is at Rs 327.85 on the BSE.

9:32 AM - Yesterday’s lows will act as supports for today; 5072 for the Nifty and 17,136 for the Sensex, says Mandar Jamsandekar, Director, Precision Technicals, on NDTV Profit. If these supports break, then expect 2-3% downside, he adds. For the medium term, 16,500 for the Sensex and 4900 for the Nifty, are the levels to watch out for, he says.

ninad avasare
Stock Trading