Stock Market Prediction for 20th May 2008

Market may open down. Market would be volatile & show significant ups and down. Market may up between 11.40 and12.10. Market may steady or up side between 13.40 and 14.05. Market may close at up to previous closing.



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Opening Bell Call
Buy
RELIANCE - Reliance Industries Ltd
EDUCOMP - Educomp Solutions Limited
HINDPETRO - Hindustan Petroleum Corporation Ltd.
GMRINFRA - GMR Infrastructure Limited
DLF - DLF Limited
BLUECHIP - Blue Chip India Ltd
HCC - Hindustan Construction Co. Ltd


Opening Bell Call
Sell
ACC - ACC Limited
MRPL - Mangalore Refinery and Petrochemicals Ltd.
ADLABSFILM - Adlabs Films Limited
PARSVNATH - Parsvnath Developers Limited
ABB - ABB Limited
POWERGRID - Power Grid Corporation of India Limited

Technical Analysis for 20th May 2008

BSE-SENSEX - Major Support - 17415, 17374, 17333, 17283, 17233, 17142
BSE-SENSEX - Major Resistance - 17465, 17515, 17556, 17597, 17688, 17779

NSE-NIFTY - Major Support - 5143, 5131, 5119, 5101, 5082, 5051, 5021
NSE-NIFTY - Major Resistance - 5162, 5180, 5192, 5204, 5234, 5265, 5295