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Wednesday, May 21, 2008

Stock Market Prediction for 22nd May 2008


Market may open down with hugh gap. Market would be volatile & show significant ups and down. Market may down between 12.00 and12.28. Market may steady or down side between 13.00 and 13.22. Market may close at down to previous closing.



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Opening Bell Call

Buy
RELIANCE - Reliance Industries Ltd
GMRINFRA - GMR Infrastructure Limited
BPCL - Bharat Petroleum Corpn. Ltd
IFCI - IFCI Limited
RANBAXY - Ranbaxy Laboratories Ltd
INFOSYSTCH - Infosys Technologies Ltd.
RELCAPITAL - Reliance Capital Limited


Opening Bell Call
Sell
NTPC - NTPC Limited
WIPRO - Wipro Ltd
HDFC - Housing Development Finance Corporation Ltd.
SESAGOA - Sesa Goa Ltd.
AMBUJACEM - Ambuja Cements Ltd

Technical Analysis for 22nd May 2008

BSE-SENSEX - Major Support - 17192, 17142, 17091, 17016, 16940, 16814, 16688
BSE-SENSEX - Major Resistance - 17268, 17343, 17394, 17444, 17570, 17696

NSE-NIFTY - Major Support - 5100, 5082, 5065, 5039, 5013, 4969, 4926, 4882
NSE-NIFTY - Major Resistance - 5126, 5152, 5169, 5187, 5230, 5274, 5317

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