Stock Market Prediction for 24th July 2008

Market may open up. Market would be volatile & show significant ups and up. Market may up between 10.11 and 10.32. Market may steady or up side between 12.00 and 12.19. Market may close at up to previous closing.



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Opening Bell Call
Buy

RELIANCE - Reliance Industries Ltd
RPL - Reliance Petroleum Limited
IDEA - Idea Cellular Limited
RNRL - Reliance Natural Resources Limited
NTPC - NTPC Limited
IFCI - IFCI Limited
SBIN - State Bank of India

On 23rd July 2008 - The BSE Sensex closed at 14,942.28 (up 838 points) while the NSE Nifty closed at 4,476.80 (up 236 points).

Opening Bell Call
Sell
CAIRN - Cairn India Limited
ROLTA - Rolta India Ltd.
VOLTAS - Voltas Ltd.
FINANTECH - Financial Technologies (India) Limited


Technical Analysis for 24th July 2008

BSE-SENSEX - Major Support - 14842, 14773, 14705, 14586, 14468, 14281, 14094
BSE-SENSEX - Major Resistance - 14960, 15079, 15147, 15216, 15403, 15590, 15777

NSE-NIFTY - Major Support - 4404, 4361, 4317, 4238, 4159, 4036, 3914, 3791
NSE-NIFTY - Major Resistance - 4483, 4562, 4606, 4649, 4771, 4894, 5016, 5139

Stock Market Prediction for 23rd July 2008

Market may open up with Hugh Gap. Market would be volatile & show significant ups and up. Market may up between 09.57 and 10.19. Market may steady or up side between 11.22 and 11.50. Market may close at up to previous closing.



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Opening Bell Call
Buy

RELIANCE - Reliance Industries Ltd
RPL - Reliance Petroleum Limited
IFCI - IFCI Limited
IDEA - Idea Cellular Limited
RNRL - Reliance Natural Resources Limited
PFC - Power Finance Corporation Limited
TCS - Tata Consultancy Services Limited

On 22nd July 2008 - The BSE Sensex closed at 14,104.20 (up 254.16 points) while the NSE Nifty closed at 4,240.10 (up 80.60 points).

Opening Bell Call
Sell
DRREDDY - Dr. Reddy's Laboratories Ltd.
JPASSOCIAT - Jaiprakash Associates Limited
PARSVNATH - Parsvnath Developers Limited
CHENNPETRO - Chennai Petroleum Corporation Limited
VOLTAS - Voltas Ltd.

Technical Analysis for 23rd July 2008

BSE-SENSEX - Major Support - 14036, 13951, 13866, 13747, 13628, 13424, 13220
BSE-SENSEX - Major Resistance - 14155, 14274, 14359, 14444, 14648, 14852, 15056

NSE-NIFTY - Major Support - 4213, 4188, 4164, 4126, 4088, 4025, 3963, 3900
NSE-NIFTY - Major Resistance - 4251, 4289, 4313, 4338, 4400, 4463, 4525, 4588

UPA WINS TRUST VOTE: 275-256

The UPA won the trust vote in the Lok Sabha on 22nd July 2008. The UPA has got 275 votes polled in favour of the government and 256 against it. There were 10 abstentions as per the final tally.



Stock Market Prediction has predicted on 15th July 2008 :


The voting is likely to take place July 22, 2008 to win the trust vote in the Lok Sabha.

Prediction : The Congress led United Progressive Alliance (UPA) will get majority and trust vote on 22 July in special session of Parliament.