Stock Market Prediction for 22nd August 2008

Market may open down. Market may up between 11.00 and 11.20 Market may steady or up side between 12.00 and 12.30. Market may close at up to previous closing.




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Opening Bell Call
Buy

RELIANCE - Reliance Industries Ltd
CAIRN - Cairn India Limited
DISHTV - Dish TV India Limited
ROLTA - Rolta India Ltd.
INFOSYSTCH - Infosys Technologies Ltd.

On 21st August 2008 - The BSE Sensex closed at 14,243 (down 434 points) while the NSE Nifty closed at 4,283 (down 131 points).

Opening Bell Call
Sell

TECHM - Tech Mahindra Limited
RPL - Reliance Petroleum Limited
IFCI - IFCI Limited
RNRL - Reliance Natural Resources Limited
MTNL - Mahanagar Telephone Nigam Ltd.

Technical Analysis for 22nd August 2008

BSE-SENSEX - Major Support - 14363, 14222, 14080, 13999, 13918, 13695, 14373, 13250
BSE-SENSEX - Major Resistance - 14444, 14525, 14667, 14808, 15030, 15253, 15475, 15698

NSE-NIFTY - Major Support - 4324, 4277, 4230, 4203, 4177, 4103, 4030, 3956
NSE-NIFTY - Major Resistance - 4350, 4377, 4424, 4471, 4544, 4618, 4691, 4765