Stock Market Prediction for 18th July 2008

Market may open up with hugh gap. Market would be volatile & show significant ups and up. Market may up between 09.57 and 10.22. Market may steady or up side between 11.15 and 11.38. Market may close at up to previous closing.



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Opening Bell Call
Buy

RELIANCE - Reliance Industries Ltd
NTPC - NTPC Limited
BANKINDIA - Bank of India
SBIN - State Bank of India
DLF - DLF Limited
ACC - ACC 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 17th 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
RELCAPITAL - Reliance Capital Limited
M&M - Mahindra & Mahindra Ltd.
HDFCBANK - HDFC Bank Ltd
SUZLON - Suzlon Energy Limited
TCS - Tata Consultancy Services Limited
ORCHIDCHEM - Orchid Chemicals & Pharmaceuticals Ltd

Technical Analysis for 18th July 2008

BSE-SENSEX - Major Support - 13034, 12977, 12919, 12823, 12727, 12574, 12420, 12267
BSE-SENSEX - Major Resistance - 13130, 13226, 13284, 13341, 14395, 13648, 13802

NSE-NIFTY - Major Support - 3912, 3885, 3885, 3857, 3812, 3767, 3695, 3622
NSE-NIFTY - Major Resistance - 3957, 4002, 4030, 4057, 4130, 4202, 4275, 4347