Stock Market Prediction for 1st September 2008

Market may open up. Market may up between 10.19 and 10.40 Market may steady or up side between 12.35 and 12.50. Market may close at down to previous closing.




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Opening Bell Call
Buy

ONGC - Oil & Natural Gas Corpn Ltd
POWERGRID - Power Grid Corporation of India Limited
PNB - Punjab National Bank
GTOFFSHORE - Great Offshore Limited
TATAMOTORS - Tata Motors Limited

On 29th August 2008 - The BSE Sensex closed at 14,564 (Up 516 points) while the NSE Nifty closed at 4360 (Up 146 points).

Opening Bell Call
Sell

DRREDDY - Dr. Reddy's Laboratories Ltd.
HINDALCO - Hindalco Industries Ltd.
SELMCL - SEL Manufacturing Company Limited
MAXWELL - Maxwell Industries Limited
IFCI - IFCI Limited

Technical Analysis for 1st September 2008

BSE-SENSEX - Major Support - 14476, 14421, 14366, 14268, 14169, 14015, 13862, 13708
BSE-SENSEX - Major Resistance - 14575, 14673, 14728, 14783, 14936, 15090, 15243, 15397

NSE-NIFTY - Major Support - 4319, 4295, 4270, 4226, 4181, 4112, 4043, 3974
NSE-NIFTY - Major Resistance - 4364, 4408, 4433, 4457, 4526, 4595, 4664, 4733