Todays Market News....(Asian Box) (Keep Updating)

Capital goods stocks can fall another 10-15% from the current levels, says Gautam Shah, technical analyst with JM Financial Services, on NDTV Profit. But the brokerage is bullish on the banking sector, which can give 30-35% returns,

Aban Offshore has bagged an order from ONGC for deployment of Drillship - Aban Ice for a period of 3 years. The total value of the contract is approximately Rs 657 crore. Aban Offshore is currently trading at Rs 3,710, down 1.5% on the BSE

Trade is expected to be choppy for the next few trading sessions, says Deven Shah, technical analyst, on NDTV Profit. So don't book losses yet, he sugests. One can expect an uptick in the market soon, he adds. And if you must trade now, then put only about 10% of your money, he suggests. Be patient and have atleast 3-4 days' view, he adds

Every rally should be sold and weakness close to 16,500 should be bought, says Gautam Shah, technical analyst with JM Financial Services, on NDTV Profit. The brokerage maintains the short term target for the Sensex at 17,300, he adds. Worst for the US markets is yet to come and the brokerage has a target of 11,300 for the Dow, he says. So the downtrend may spill over to February too, on weak US cues, he explains

Bharti should be avoided at current levels, as it looks exhausted and overbought on the monthly as well as weekly charts, says Deven Shah, technical analyst, on NDTV Profit. The stock is currently trading at Rs 851.30, down 6.9% on the BSE. » Send to friends

If Unitech does not fall much lower from the current levels, then it can provide a buying opportunity, says Rajat Bose, techncial analyst, on CNBC-TV18. If the market moves up, then it can go to Rs 450-480, he adds. The stock is currently trading at Rs 405.80, down 7.6% on the BSE. » Send to friends

RPL will be a good buy for the long term at Rs 135-140, says Deven Shah, technical analyst, on NDTV Profit. The stock is currently trading at Rs 162.10, down 6.3% ont the BSE.