Stock Market Predicition for 16th May 2008

Market may open up. Market would be volatile & show significant ups and down. Market may up between 10.20 and10.45. Market may steady or up side between 13.05 and 13.25. Market may close at up to previous closing.



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Opening Bell Call
Buy
RELIANCE - Reliance Industries Ltd
RPOWER - Reliance Power Limited
TATAPOWER - Tata Power Co. Ltd.
IDEA - Idea Cellular Limited
AMBUJACEM - Ambuja Cements Ltd
BAJAJHIND - Bajaj Hindusthan Ltd
HDIL - Housing Development and Infrastructure Limited
M&M - Mahindra & Mahindra Ltd.


Opening Bell Call
Sell
ACC - ACC Limited
HEROHONDA - Hero Honda Motors Ltd.
DCB - Development Credit Bank Limited
EICHERMOT - Eicher Motors Ltd
TATACHEM - Tata Chemicals Ltd.
TRENT - Trent Ltd.

Technical Analysis for 16th May 2008

BSE-SENSEX - Major Support - 17266, 17216, 17166, 17072, 16979, 16835
BSE-SENSEX - Major Resistance - 17359, 17453, 17503, 17553, 17696, 17840

NSE-NIFTY - Major Support - 5077, 5057, 5036, 4997, 4958, 4898, 4839, 4779
NSE-NIFTY - Major Resistance - 5116, 5155, 5176, 5196, 5255, 5315, 5374