Stock Market Prediction for 23rd January 2008

Market would be open up with hugh gap. Market May up between 09.56 and 10.27. Market may steady between 11.47 and 12.10. Market may close at up or near to previous closing. The day is beneficial for intraday traders.



Opening Bell Call
Buy
RELIANCE
ICICIBANK
REL
RPL
RNRL
L&T
BANKINDIA
SBIN

Sensex fell 875 points and Nifty down 309 points

Sensex and Nifty were highly dramatic today, Market saw their highest ever downfall. It was the worst day of trading in trading history of Sensex and Nifty. It was Sensex’s second-biggest fall after Monday’s crash of 1,408 points.

Martin Luther King Jr. Day is a federal holiday observed on the third Monday in January, so DOW JONES and other Stock Market ware closed on 21st Monday 2008 in US. but other share markets around the world sank for a second day on Tuesday.

Trading at the Dalal Street went in for an automatic one-hour halt after the Sensex fell over 2,000 points within seconds of the markets’ opening at 9.59am.

The Bombay Stock Exchange was lower by 1,917 points at noon, at one point it was 2251 points down around 12.00pm, but BSE index closed -875.41 (-4.97%) down at 16,729.94 and NSE Nifty index closed down -309.50 (-5.94%) points at 4,899.30.

Stock Market Forecast for 22nd January 2008

Market may open down with huge gap.Market would be volatile & show significant ups and down. Market may down between 09.58 and 10.22. Market may steady or down side between 11.30 and 12.25. Market may close at down or near to previous closing.



Opening Bell Call
Sell
RELIANCE
ICICIBANK
BANKINDIA
HDFC
TECHM
INFOSYSTCH
NTPC
RNRL
3IINFOTECH
PATNI

The Sensex has lost 3222 points in last six trading sessions. Investors on Dalal Street have lost over 300 billion dollar (Rs 11,85,285 crore) in six trading sessions. The total market capitalisation stood at Rs 59,53,525.87 crore at the end of Monday's trading against Rs 71,38,810 crore before bourses began business.