Stock Market Prediction for 12th March 2009

Market may open up. Market may up between 11.06 and 11.31 Market may steady or up side between 13.21 and 13.44. Market may close at down or near to previous closing.


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Opening Bell Call
Buy
Exit all long term position.

On 9th March 2009 - The BSE Sensex closed at 8,160 (down165 points) while the NSE Nifty closed at 2,573 (down 47 points).

Opening Bell Call
Sell
JPASSOCIAT - Jaiprakash Associates Limited
RPOWER - Reliance Power Limited
UNITECH - Unitech Ltd
NEYVELILIG - Neyveli Lignite Corporation Limited
SBIN - State Bank of India

Technical Analysis for 12th March 2009

BSE-SENSEX - Major Support - 8176, 8210, 8243, 8284, 8325, 8359, 8392, 8425
BSE-SENSEX - Major Resistance - 8135, 8094, 8061, 8027, 7986, 7945, 7903, 7862

NSE-NIFTY - Major Support - 2583, 2597, 2611, 2630, 2649, 2663, 2677, 2691
NSE-NIFTY - Major Resistance - 2564, 2545, 2531, 2517, 2498, 2479, 2460, 2441

Nikki - Japanese stocks tumbled on 9th March 2009 with relentless fears about the global economy and financial sector sending the benchmark index to a 26-year closing low at 7,086.

The Dow Jones Industrial Average - US stock markets on 9th March 2009 tumbled to 12-year lows at 6,547.