Stock Market Prediction for 27th May 2008

Market may open up. Market would be volatile & show significant ups and down. Market may up between 11.25 and 11.45. Market may steady or up side between 12.18 and 12.40. Market may close at down to previous closing.



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Opening Bell Call
Buy

Exit All Long Term Positions


Opening Bell Call
Sell
JMFINANCIL - JM Financial Limited
MOSERBAER - Moser-Baer (I) Ltd
SAIL - Steel Authority of India Ltd.
ISPATIND - Ispat Industries Limited
HDIL - Housing Development and Infrastructure Limited
NETWORK18 - Network 18 Fincap Limited

Technical Analysis for 27th May 2008

BSE-SENSEX - Major Support - 16324, 16266, 16225, 16184, 16085, 15986
BSE-SENSEX - Major Resistance - 16382, 16423, 16464, 16522, 16580, 16679

NSE-NIFTY - Major Support - 4866, 4837, 4819, 4800, 4752, 4705, 4657
NSE-NIFTY - Major Resistance - 4895, 4914, 4932, 4961, 4990, 5037, 5085

Stock Market Prediction for 26th May 2008

Market may open down with hugh gap. Market would be volatile & show significant ups and down. Market may down between 09.55 and10.17. Market may steady or down side between 11.07 and 11.20. Market may close at down to previous closing.



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Opening Bell Call
Buy

Exit All Long Term Positions


Opening Bell Call
Sell
RELIANCE - Reliance Industries Ltd
JPASSOCIAT - Jaiprakash Associates Limited
HDIL - Housing Development and Infrastructure Limited
RPL - Reliance Petroleum Limited
IFCI - IFCI Limited
ICICIBANK - ICICI Bank Ltd
DIVISLAB - Divi's Laboratories Limited
SBIN - State Bank of India

Technical Analysis for 26th May 2008

BSE-SENSEX - Major Support - 16637, 16498, 16423, 16348, 16134, 15920
BSE-SENSEX - Major Resistance - 16776, 16851, 16926, 17065, 17204, 17418

NSE-NIFTY - Major Support - 4943, 4904, 4883, 4862, 4803, 4743, 4684
NSE-NIFTY - Major Resistance - 4981, 5002, 5023, 5062, 5100, 5160, 5219

Crude prices have risen by nearly US $ 65 or 92.85 % in one year

Crude prices have risen by nearly US $ 65 or 92.85 % in one year on a point-to-point basis. Crude which was selling at US $ 70 in May 2007 is now selling at US $ 135 in May 2008.

Most economies are likely to witness significantly pressures as essential commodities items like rice, wheat, dal, etc have a direct co-relation between the supply of fuel costs and selling prices. The essential items prices are likely to increase as the fuel cost for transportation increases. If transportation cost increases, then inflation rises. Other sectors like cement, steel, metals, engineering, aviation, manufacturing also are impacted directly or indirectly.

Most marketmen are of the view, that crude could touch in upwards of 170-180. If the same happens, will most economies be able to sustain the hits in terms of basic petroleum products. If not, then is this the right time to short the crude futures.