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Sunday, June 22, 2008

Stock Market Prediction for 23rd June 2008


Market may open down with hugh gap. Market would be volatile & show significant ups and down. Market may down between 09.57 and 10.10. Market may steady or down side between 11.32 and 12.00. Market may close at down to previous closing.



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Opening Bell Call

Buy

Do not buy anything

Exit All Long Term Positions

On 20th June 2008 - The BSE Sensex closed at 14,571.29 (down 516.70 points) while the NSE Nifty closed at 4,347.55 (down 156.70 points).

Opening Bell Call
Sell
RELIANCE - Reliance Industries Ltd
RPL - Reliance Petroleum Limited
DIVISLAB - Divi's Laboratories Limited
DRREDDY - Dr. Reddy's Laboratories Ltd.
RPOWER - Reliance Power Limited
RNRL - Reliance Natural Resources Limited
IFCI - IFCI Limited

Technical Analysis for 23rd June 2008

BSE-SENSEX - Major Support - 14087, 13750, 13413, 13076, 12739
BSE-SENSEX - Major Resistance - 14329, 14545, 14761, 14882, 15003, 15219

NSE-NIFTY - Major Support - 4276, 4240, 4205, 4105, 4006, 3906, 3807
NSE-NIFTY - Major Resistance - 4340, 4404, 4439, 4475, 4539, 4603, 4702

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