Stock Market Prediction for 13th August 2008

Market may open down. Market may up between 11.22 and 11.38. Market may steady or up side between 14.00 and 14.27. Market may close at up to previous closing.




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Opening Bell Call
Buy

RELIANCE - Reliance Industries Ltd
CAIRN - Cairn India Limited
DLF - DLF Limited
NAGARCONST - Nagarjuna Construction Co. Ltd
HINDUNILVR - Hindustan Unilever Limited

On 12th August 2008 - The BSE Sensex closed at 15,212 (down 291 points) while the NSE Nifty closed at 4,552 (down 68 points).

Opening Bell Call
Sell

NDTV - New Delhi Television Limited
MTNL - Mahanagar Telephone Nigam Ltd.
3MINDIA - 3M India Limited
RNRL - Reliance Natural Resources Limited
IFCI - IFCI Limited
ISPATIND - Ispat Industries Limited

Technical Analysis for 13th August 2008

BSE-SENSEX - Major Support - 15168, 15031, 14940, 14850, 14622, 14395, 14167
BSE-SENSEX - Major Resistance - 15305, 15395, 15486, 15623, 15760, 15987, 16215

NSE-NIFTY - Major Support - 4538, 4501, 4476, 4451, 4389, 4327, 4265, 4203
NSE-NIFTY - Major Resistance - 4575, 4600, 4625, 4662, 4699, 4761, 4823, 4885

Stock Market Prediction for 12th August 2008

Market may open down. Market may up between 10.32 and 10.55. Market may steady or up side between 12.00 and 12.32. Market may close at up to previous closing.




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Opening Bell Call
Buy

RELIANCE - Reliance Industries Ltd
NTPC - NTPC Limited
ASIANELEC - Asian Electronics Ltd
HCC - Hindustan Construction Co. Ltd
DRREDDY - Dr. Reddy's Laboratories Ltd.
IDFC - Infrastructure Development Finance Company Limited
RNRL - Reliance Natural Resources Limited


On 11th August 2008 - The BSE Sensex closed at 15,503 (up 336 points) while the NSE Nifty closed at 4,620 (up 90 points).

Opening Bell Call
Sell

GTLINFRA - GTL Infrastructure Limited
SELMCL - SEL Manufacturing Company Limited
BHARTIARTL - Bharti Airtel Limited
CENTURYTEX - Century Textiles & Industries Ltd

Technical Analysis for 12th August 2008

BSE-SENSEX - Major Support - 15463, 15435, 15406, 15358, 15310, 15233, 15157, 15080
BSE-SENSEX - Major Resistance - 15511, 15559, 15588, 15616, 15692, 15769, 15845, 15922

NSE-NIFTY - Major Support - 4591, 4574, 4557, 4526, 4495, 4447, 4399, 4351
NSE-NIFTY - Major Resistance - 4622, 4653, 4670, 4687, 4735, 4783, 4831, 4879

Nifty seen moving to 4700 soon

The Nifty has consolidated in a range of 4460 and 4550 in the last three days and fresh long positions have been created in index futures. The index could thus see a sharp upswing on Monday and close above 4600. The NSE data shows that foreign institutional investors (FIIs) net bought index futures on 8th August 2008. But there was no corresponding rise in the open interest. Thursday was an exception, as over 50 per cent of the day’s index futures purchases were carried forward as open interest, indicating the build-up of long positions.

The FII derivative positions for on Friday are not known. But the Nifty’s recovery from the day’s low of 4464 indicates that FIIs covered their shorts at lower levels and increased long positions. The Nifty August futures added open interest of 14,437 contracts out of the total trading volumes of 650,665 contracts and the premium doubled from nine points to 18 points, indicating build-up in long positions.