Stock Market Prediction for 18th August 2008

Market may open up. Market may up between 11.10 and 11.35. Market may steady or up side between 12.22 and 12.55. Market may close at up to previous closing.




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Opening Bell Call
Buy

ABB - ABB Limited
ORCHIDCHEM - Orchid Chemicals & Pharmaceuticals Ltd
SATYAMCOMP - Satyam Computer Services Ltd
GLENMARK - Glenmark Pharmaceuticals Ltd.
M&M - Mahindra & Mahindra Ltd.

On 14th August 2008 - The BSE Sensex closed at 14,724 (down 368points) while the NSE Nifty closed at 4,430 (down 98 points).

Opening Bell Call
Sell

RELIANCE - Reliance Industries Ltd
NTPC - NTPC Limited
SUZLON - Suzlon Energy Limited
RECLTD - Rural Electrification Corporation Limited
RELCAPITAL - Reliance Capital Limited

Technical Analysis for 18th August 2008

BSE-SENSEX - Major Support - 14814, 14705, 14595, 14531, 14467, 14293, 14120, 13946
BSE-SENSEX - Major Resistance - 14878, 14942, 15052, 15161, 15334, 15508, 15681, 15855

NSE-NIFTY - Major Support - 4460, 4425, 4391, 4371, 4352, 4298, 4244, 4190, 4136
NSE-NIFTY - Major Resistance - 4479, 4499, 4533, 4568, 4622, 4676, 4730, 4784