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Tuesday, July 22, 2008

Stock Market Prediction for 23rd 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 10.19. Market may steady or up side between 11.22 and 11.50. Market may close at up to previous closing.



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Opening Bell Call
Buy

RELIANCE - Reliance Industries Ltd
RPL - Reliance Petroleum Limited
IFCI - IFCI Limited
IDEA - Idea Cellular Limited
RNRL - Reliance Natural Resources Limited
PFC - Power Finance Corporation Limited
TCS - Tata Consultancy Services Limited

On 22nd July 2008 - The BSE Sensex closed at 14,104.20 (up 254.16 points) while the NSE Nifty closed at 4,240.10 (up 80.60 points).

Opening Bell Call
Sell
DRREDDY - Dr. Reddy's Laboratories Ltd.
JPASSOCIAT - Jaiprakash Associates Limited
PARSVNATH - Parsvnath Developers Limited
CHENNPETRO - Chennai Petroleum Corporation Limited
VOLTAS - Voltas Ltd.

Technical Analysis for 23rd July 2008

BSE-SENSEX - Major Support - 14036, 13951, 13866, 13747, 13628, 13424, 13220
BSE-SENSEX -
Major Resistance - 14155, 14274, 14359, 14444, 14648, 14852, 15056

NSE-NIFTY -
Major Support - 4213, 4188, 4164, 4126, 4088, 4025, 3963, 3900
NSE-NIFTY -
Major Resistance - 4251, 4289, 4313, 4338, 4400, 4463, 4525, 4588

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