Stock Market Prediction for 17th July 2008

Market may open up with hugh gap. Market would be volatile & show significant ups and up. Market may up between 10.00 and 10.30. Market may steady or up side between 12.09 and 12.32. Market may close at up to previous closing.



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Opening Bell Call
Buy

RELIANCE - Reliance Industries Ltd
NTPC - NTPC Limited
IFCI - IFCI Limited
RNRL - Reliance Natural Resources Limited
SBIN - State Bank of India
RPL - Reliance Petroleum Limited
IDEA - Idea Cellular Limited

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 16th July 2008 - The BSE Sensex closed at 12,575.80 (down 100.39 points) while the NSE Nifty closed at 3,816.70 (down 44.40 points).

Opening Bell Call
Sell
ISPATIND - Ispat Industries Limited
JINDALSTEL - Jindal Steel & Power Ltd.
M&M - Mahindra & Mahindra Ltd.
NATIONALUM - National Aluminium Company Limited
SESAGOA - Sesa Goa Ltd
SIEMENS - Siemens Ltd
MCDOWELL-N - United Spirits Limited
WALCHANNAG - Walchandnagar Industries Ltd

Technical Analysis for 17th July 2008

BSE-SENSEX - Major Support - 12674, 12544, 12414, 12334, 12253, 12043, 11832, 11622
BSE-SENSEX - Major Resistance - 12674, 12755, 12835, 12965, 13095, 13306, 13516, 13727

NSE-NIFTY - Major Support - 3803, 3764, 3738, 3712, 3647, 3582, 3517, 3452
NSE-NIFTY - Major Resistance - 3842, 3868, 3894, 3933, 3972, 4037, 4102, 4167