Stock Market Prediction for 29th May 2008

Market may open up. Market would be volatile & show significant ups and down. Market may up between 10.40 and 10.59. Market may steady or up side between 13.03 and 13.27. Market may close at down to previous closing.



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Opening Bell Call
Buy
RELIANCE - Reliance Industries Ltd
RPL - Reliance Petroleum Limited
INFOSYSTCH - Infosys Technologies Ltd.
RNRL - Reliance Natural Resources Limited
IFCI - IFCI Limited
CHAMBLFERT - Chambal Fertilizers & Chemicals Ltd
NAGARFERT - Nagarjuna Fertiliser & Chemicals Ltd.

Opening Bell Call
Sell
GMRINFRA - GMR Infrastructure Limited
POLARIS - Polaris Software Lab Limited
IDBI - IDBI Bank Limited
DENABANK - Dena Bank
CAIRN - Cairn India Limited
SBIN - State Bank of India

Technical Analysis for 29th May 2008

BSE-SENSEX - Major Support - 16435, 16371, 16307, 16198, 16089, 15916
BSE-SENSEX - Major Resistance - 16544, 16653, 16717, 16781, 16954, 17127

NSE-NIFTY - Major Support - 4893, 4876, 4860, 4831, 4802, 4756, 4711
NSE-NIFTY - Major Resistance - 4922, 4951, 4967, 4984, 5029, 5075