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Wednesday, May 7, 2008

Stock Market Prediction for 8th May 2008


Market may open down with hugh gap. Market would be volatile & show significant ups and down. Market may up between 10.50 and 11.15. Market may steady or up side between 13.30 and 13.50. Market may close at down to previous closing.


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Opening Bell Call

Buy
RELIANCE - Reliance Industries Ltd
INFOSYSTCH - Infosys Technologies Ltd.
BAJAJHIND - Bajaj Hindusthan Ltd
HINDOILEXP - Hindustan Oil Exploration Co. Ltd
JPASSOCIAT - Jaiprakash Associates Limited
LITL - Lanco Infratech Limited
TATAPOWER - Tata Power Co. Ltd.

Opening Bell Call
Sell
BEL - Bharat Electronics Ltd
AXISBANK - Axis Bank Limited
GUJNRECOKE - Gujarat NRE Coke Ltd.
I-FLEX - I-Flex Solutions Limited
LT - Larsen & Toubro Limited
ORCHIDCHEM - Orchid Chemicals & Pharmaceuticals Ltd
SESAGOA - Sesa Goa Ltd.
UNITECH - Unitech Ltd

Technical Analysis for 8th May 2008

BSE-SENSEX - Major Support - 17305, 17239, 17172, 17105, 16973, 16840, 16708
BSE-SENSEX - Major Resistance - 17370, 17437, 17504, 17570, 17635, 17768, 17900

NSE-NIFTY - Major Support - 5131, 5118, 5104, 5089, 5073, 5044, 5015, 5986
NSE-NIFTY - Major Resistance - 5147, 5162, 5176, 5189, 5212, 5247, 5276

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