Stock Market Prediction for 7th May 2008

Market may open down. Market would be volatile & show significant ups and down. Market may up between 10.15 and 10.40. Market may steady or up side between 13.40 and 14.10. Market may close at up to previous closing.


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Opening Bell Call
Buy
DLF - DLF Limited
INDUSINDBK - IndusInd Bank Limited
RECLTD - Rural Electrification Corporation Limited
M&M - Mahindra & Mahindra Ltd.
CHENNPETRO - Chennai Petroleum Corporation Limited
JPHYDRO - Jaiprakash Hydro-Power Limited
PATELENG - Patel Engineering Limited

Opening Bell Call
Sell
RPOWER - Reliance Power Limited
RNRL - Reliance Natural Resources Limited
ABB - ABB Limited
UCOBANK - UCO Bank

Technical Analysis for 7th May 2008

BSE-SENSEX - Major Support - 17305, 17239 , 17172, 17105, 16973, 16840
BSE-SENSEX - Major Resistance - 17370, 17437, 17504, 17570, 17635, 17768

NSE-NIFTY - Major Support - 5127, 5100, 5079, 5057, 5009, 4951, 4913
NSE-NIFTY - Major Resistance - 5153, 5175, 5196, 5223, 5249, 5297, 5345