Stock Market Prediction for 28th May 2008

Market may open up. Market would be volatile & show significant ups and down. Market may up between 10.15 and 10.35. Market may steady or up side between 12.10 and 12.37. Market may close at down to previous closing.



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Opening Bell Call
Buy

Exit All Long Term Positions

Hold
CAIRN - Cairn India Limited
RPL - Reliance Petroleum Limited
INFOSYSTCH - Infosys Technologies Ltd.
RNRL - Reliance Natural Resources Limited
IFCI - IFCI Limited

Opening Bell Call
Sell
RAJESHEXPO - Rajesh Exports Ltd.
HOTELEELA - Hotel Leela Venture Ltd.
TVSMOTOR - TVS Motor Company Limited
GSPL - Gujarat State Petronet Limited
SUZLON - Suzlon Energy Limited
ISPATIND - Ispat Industries Limited

Technical Analysis for 28th May 2008

BSE-SENSEX - Major Support - 16256, 16172, 16121, 16070, 15935, 15801
BSE-SENSEX - Major Resistance - 16339, 16390, 16441, 16525, 16608, 16742

NSE-NIFTY - Major Support - 4852, 4826, 4809, 4793, 4750, 4707, 4664
NSE-NIFTY - Major Resistance - 4879, 4895, 4912, 4938, 4965, 5008, 5051