Stock Market Prediction for 14th May 2008

Market may open down. Market would be volatile & show significant ups and down. Market may up between 10.30 and10.45. Market may steady or up side between 13.10 and 13.35. Market may close at down to previous closing.



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Opening Bell Call
Buy

Do not buy anything. Exit all long position.

Opening Bell Call
Sell
RELIANCE - Reliance Industries Ltd
BHEL - Bharat Heavy Electricals Ltd
HDFC - Housing Development Finance Corporation Ltd.
DENABANK - Dena Bank
PANTALOONR - Pantaloon Retail (India) Ltd.
RENUKA - Shree Renuka Sugars Limited
RPL - Reliance Petroleum Limited
DRREDDY - Dr. Reddy's Laboratories Ltd.

Technical Analysis for 14th May 2008

BSE-SENSEX - Major Support - 16724, 16604, 16530, 16456, 16262, 16068, 15874
BSE-SENSEX - Major Resistance - 16918, 16992, 17112, 17232, 17426, 17620, 17814

NSE-NIFTY - Major Support - 4950, 4911, 4888, 4865, 4804, 4742, 4681
NSE-NIFTY - Major Resistance - 4988, 5011, 5034, 5073, 5111, 5173, 5234