Stock Market Prediction for 23rd May 2008

Market may open down. Market would be volatile & show significant ups and down. Market may up between 12.35 and12.55. Market may steady or up side between 13.38 and 13.52. Market may close at down to previous closing.



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Opening Bell Call
Buy
RELIANCE - Reliance Industries Ltd
DIVISLAB - Divi's Laboratories Limited
SBIN - State Bank of India
RPOWER - Reliance Power Limited
CENTURYTEX - Century Textiles & Industries Ltd
RPL - Reliance Petroleum Limited
ICICIBANK - ICICI Bank Ltd
RNRL - Reliance Natural Resources Limited


Opening Bell Call
Sell
SAIL - Steel Authority of India Ltd.
INDIANB - Indian Bank
VIJAYABANK - Vijaya Bank
PFC - Power Finance Corporation Limited
TTML - Tata Teleservices (Maharashtra) Limited
HCLTECH - HCL Technologies Ltd

Technical Analysis for 23rd May 2008

BSE-SENSEX - Major Support - 16885, 16812, 16764, 16717, 16596, 16476
BSE-SENSEX - Major Resistance - 16858, 17005, 17053, 17126, 17199, 17319

NSE-NIFTY - Major Support - 5017, 4984, 4963, 4943, 4889, 4835, 4781
NSE-NIFTY - Major Resistance - 5051, 5071, 5092, 5125, 5159, 5213, 5267