Black Monday ???? - Stock Market Prediction for 12th May 2008

Market may open down with hugh gap. Market would be volatile & show significant ups and down. Market may up between 09.57 and10.20. Market may steady or up side between 13.00 and 13.25. Market may close at down to previous closing.



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Opening Bell Call
Buy

Do not Buy any thing for 3 to 4 Days, exit all long positions.


Opening Bell Call
Sell
RELIANCE - Reliance Industries Ltd
RPL - Reliance Petroleum Limited
ICICIBANK - ICICI Bank Ltd
RNRL - Reliance Natural Resources Limited
APOLLOTYRE - Apollo Tyres Ltd
DRREDDY - Dr. Reddy's Laboratories Ltd.
MARUTI - Maruti Suzuki India Limited
PFC - Power Finance Corporation Limited
RAJESHEXPO - Rajesh Exports Ltd.
SATYAMCOMP - Satyam Computer Services Ltd

Technical Analysis for 12th May 2008

BSE-SENSEX - Major Support - 16707, 16568, 16484, 16399, 16176, 15952, 15729
BSE-SENSEX - Major Resistance - 16846, 16931, 17015, 17154, 17293, 17517, 17740

NSE-NIFTY - Major Support - 4975, 4938, 4916, 4894, 4835, 4776, 4717
NSE-NIFTY - Major Resistance - 5012, 5034, 5056, 5093, 5130, 5189, 5248