Stock Market Prediction for 22nd July 2008

Market may open up. Market would be volatile & show significant ups and up. Market may up between 11.05 and 11.29. Market may steady or up side between 12.59 and 13.29. Market may close at up to previous closing.



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Opening Bell Call
Buy

RELIANCE - Reliance Industries Ltd
NTPC - NTPC Limited
ICICIBANK - ICICI Bank Ltd
TATACOMM - Tata Communications Limited
PNB - Punjab National Bank
PFC - Power Finance Corporation 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 21st July 2008 - The BSE Sensex closed at 13,850.04 (up 214.64 points) while the NSE Nifty closed at 4,159.50 (up 67.25 points).

Opening Bell Call
Sell
ADLABSFILM - Adlabs Films Limited
INFOSYSTCH - Infosys Technologies Ltd.
LT - Larsen & Toubro Limited
IDFC - Infrastructure Development Finance Company Limited
SATYAMCOMP - SATYAMCOMP
JSWSTEEL - JSW Steel Limited

Technical Analysis for 22ndJuly 2008

BSE-SENSEX - Major Support - 13791, 13748, 13704, 13632, 13559, 13443, 13327
BSE-SENSEX - Major Resistance - 13864, 13936, 13980, 14023, 14139, 14255, 14371

NSE-NIFTY - Major Support - 4133, 4115, 4098, 4067, 4037, 3989, 3941, 3893
NSE-NIFTY - Major Resistance - 4163, 4194, 4211, 4229, 4277, 4325, 4373, 4421