Stock Market Prediction for 16th July 2008

Market may open down with hugh gap. Market would be volatile & show significant ups and up. Market may up between 11.25 and 11.50. Market may steady or up side between 13.15 and 13.29. Market may close at down to previous closing.



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Opening Bell Call
Buy

Do not buy anything.

The voting is likely to take place July 22, 2008 to win the trust vote in the Lok Sabha.

Prediction : The Congress led United Progressive Alliance (UPA) will get majority and trust vote on 22 July in special session of Parliament.

On 15th July 2008 - The BSE Sensex closed at 12,676.19 (down 654.32 points) while the NSE Nifty closed at 3,861.10 (down 178.60 points).

Opening Bell Call
Sell
RELIANCE - Reliance Industries Ltd
ASHOKLEY - Ashok Leyland Ltd
IFCI - IFCI Limited
RNRL - Reliance Natural Resources Limited
INFOSYSTCH - Infosys Technologies Ltd.
ONGC - Oil & Natural Gas Corpn Ltd
ACC - ACC Limited
BHARTIARTL - Bharti Airtel Limited

Technical Analysis for 16th July 2008

BSE-SENSEX - Major Support - 12641, 12499, 12411, 12323, 12093, 11863, 11633
BSE-SENSEX - Major Resistance - 12783, 12871, 12959, 13101, 13243, 13473, 13703

NSE-NIFTY - Major Support - 3912, 3848, 3784, 3745, 3707, 3604, 3502, 3399
NSE-NIFTY - Major Resistance - 3950, 3989, 4053, 4117, 4219, 4322, 4424, 4527