Market may open down. Market would be volatile & show significant ups and down. Market may up between 11.08 and 11.25. Market may steady or up side between 12.17 and 12.40. Market may close at down to previous closing.
If Nifty today manages to close above 5050 (Nifty last closing price 4958), then market might go up to 5300 in coming days . Support for Nifty remains at 4819.
Opening Bell Call
Buy
RELIANCE - Reliance Industries Ltd Target - 3200
RANBAXY - Ranbaxy Laboratories Ltd
TATASTEEL - Tata Steel Limited
TCS - Tata Consultancy Services Limited
NTPC - NTPC Limited
RPL - Reliance Petroleum Limited
SATYAMCOMP - Satyam Computer Services Ltd
Opening Bell Call
Sell
BHEL - Bharat Heavy Electricals Ltd
ICICIBANK - ICICI Bank Ltd
HINDUNILVR - Hindustan Unilever Limited
GAIL - GAIL (India) Limited
RAJESHEXPO - Rajesh Exports Ltd.
VGUARD - V-Guard Industries Limited
Technical Analysis for 22th April 2008
BSE-SENSEX - Major Support - 16709, 16675, 16640, 16591, 16542, 16458
BSE-SENSEX - Major Resistance - 16758, 16807, 16842, 16876, 16959, 17043, 17126
NSE-NIFTY - Major Support - 5015, 4996, 4977, 4947, 4917, 4868, 4819, 4770
NSE-NIFTY - Major Resistance - 5045, 5075, 5094, 5113, 5162, 5211, 5260
Monday, April 21, 2008
Stock Market Prediction for 22nd April 2008
BSE, ADAG, BBA tie up for bullion trading platform- Bullion Spot Market
Anil Ambani group firm Reliance Money on Monday joined hands with the Bombay Stock Exchange and the Bombay Bullion Association to launch the country's first organised bullion trading platform.
The over-the-counter 'Bullion Spot Market' would be the first of its kind and would be operationalised within a month, the Anil Dhirubhai Ambani Group announced.
This would help India -- already the world's largest gold consumer -- to move from being a 'price taker' to a 'price maker' in the global gold market, Reliance Money CEO Sudip Bandyopadhyay said.
Currently, gold prices are governed by London Bullion market as a reference point.
While noting that BSM trading platform would be in line with London Bullion Market, Bandyopadhyay said that it would help jewellers monitor international price movements on real time basis and facilitate retail investors in purchase of gold coins and bars.
BSE, with its 25 per cent stake in NMCE, is already present in the commodity market and would provide domain expertise for the initiative. BBA, the country's largest bullion trading association that controls 75 per cent of domestic bullion trade, would help in setting the prices.
Sunday, April 20, 2008
Stock Market Prediction for 21st April 2008
Market may open up. Market would be volatile & show significant ups and down. Market may up between 11.15 and 11.37. Market may steady or up side between 12.10 and 12.33. Market may close at up to previous closing.
Opening Bell Call
Buy
RELIANCE - Reliance Industries Ltd Target - 3200
RANBAXY - Ranbaxy Laboratories Ltd
HDIL - Housing Development and Infrastructure Limited
Grasim - Grasim Industries Ltd. Target - 3600
ADLABSFILM - Adlabs Films Limited
INDIAINFO - India Infoline Limited
RPL - Reliance Petroleum Limited
Opening Bell Call
Sell
DIVISLAB - Divi's Laboratories Limited
IOC - Indian Oil Corporation Ltd
TECHM - Tech Mahindra Limited
ACC - ACC Limited
Technical Analysis for 21th April 2008
BSE-SENSEX - Major Support - 16439, 16395, 16352, 16309, 16223, 16136
BSE-SENSEX - Major Resistance - 16482, 16525, 16568, 16612, 16655, 16742
NSE-NIFTY - Major Support - 4923, 4903, 4876, 4848, 4801, 4753, 4706
NSE-NIFTY - Major Resistance - 4943, 4971, 4998, 5018, 5038, 5086, 5133
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