Market may open up. Market would be volatile & show significant ups and down. Market may up between 10.20 and10.45. Market may steady or up side between 13.05 and 13.25. Market may close at up to previous closing.
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Opening Bell Call
Buy
RELIANCE - Reliance Industries Ltd
RPOWER - Reliance Power Limited
TATAPOWER - Tata Power Co. Ltd.
IDEA - Idea Cellular Limited
AMBUJACEM - Ambuja Cements Ltd
BAJAJHIND - Bajaj Hindusthan Ltd
HDIL - Housing Development and Infrastructure Limited
M&M - Mahindra & Mahindra Ltd.
Opening Bell Call
Sell
ACC - ACC Limited
HEROHONDA - Hero Honda Motors Ltd.
DCB - Development Credit Bank Limited
EICHERMOT - Eicher Motors Ltd
TATACHEM - Tata Chemicals Ltd.
TRENT - Trent Ltd.
Technical Analysis for 16th May 2008
BSE-SENSEX - Major Support - 17266, 17216, 17166, 17072, 16979, 16835
BSE-SENSEX - Major Resistance - 17359, 17453, 17503, 17553, 17696, 17840
NSE-NIFTY - Major Support - 5077, 5057, 5036, 4997, 4958, 4898, 4839, 4779
NSE-NIFTY - Major Resistance - 5116, 5155, 5176, 5196, 5255, 5315, 5374
Thursday, May 15, 2008
Stock Market Predicition for 16th May 2008
Indian Rupee falls to 13-month low against dollar
The rupee fell to the lowest level since April 2007 on speculation that record crude oil prices will widen the nation's trade and current account deficits, increasing demand for foreign currencies. The rupee declined for a third day as local refiners increased dollar purchases to pay for imports of crude oil, which reached an all-time high of $126.98 a barrel in New York yesterday. The currency also weakened after data from India's capital markets regulator showed overseas investors added to sales of local equities.
The rupee weakened 0.8 per cent to 42.445 against the dollar after dropping to 42.6775. The currency is the third-worst performer among the most-traded Asian currencies outside Japan this year, losing 7.2 per cent. The currency has fallen about 8 per cent in the past six months as oil prices advanced 33 per cent. India's oil imports rose to a record $8.6 billion in March as per the government data.
This surge has been particularly seen as a huge respite for IT stocks which have underperformed the market in the last year. The YTD depreciation of INR by 7% would imply increase in the operating margins of these companies by nearly 300 basis points, thereby expected to post better quarterly results for Q1FY09.
Wednesday, May 14, 2008
Stock Market Prediction for 15th May 2008
Market may open up. Market would be volatile & show significant ups and down. Market may up between 10.35 and10.55. Market may steady or up side between 12.25 and 12.45. Market may close at up to previous closing.
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Opening Bell Call
Buy
RELIANCE - Reliance Industries Ltd
IFCI - IFCI Limited
JINDALSTEL - Jindal Steel & Power Ltd.
LUPIN - Lupin Limited
POLARIS - Polaris Software Lab Limited
REL - Reliance Energy Limited
STER - Sterlite Industries ( India ) Limited
Opening Bell Call
Sell
ACC - ACC Limited
ICICIBANK - ICICI Bank Ltd
BOMDYEING - Bombay Dyeing & Mfg Co. Ltd
IVRCLINFRA - IVRCL Infrastructures & Projects Ltd.
PSTL - Pyramid Saimira Theatre Limited
UCOBANK - UCO Bank
Technical Analysis for 15th May 2008
BSE-SENSEX - Major Support - 16872, 16802, 16731, 16608, 16484, 16290, 16096
BSE-SENSEX - Major Resistance - 16996, 17119, 17190, 17260, 17454, 17648
NSE-NIFTY - Major Support - 4989, 4971, 4953, 4924, 4895, 4848, 4801
NSE-NIFTY - Major Resistance - 5018, 5047, 5065, 5083, 5130, 5177, 5224
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