Stock Market Predictions

Market may open up. Market may up between 10.00 and 10.31 Market may steady or up side between 13.01 and 13.24. Market may close at up or near to previous closing.


SHARE YOUR THOUGHTS! LEAVE A COMMENTS


Opening Bell Call
Buy

CIPLA - Cipla Ltd
IDEA - Idea Cellular Limited
ONGC - Oil & Natural Gas Corpn Ltd
TATAPOWER - Tata Power Co. Ltd.
BALRAMCHIN - Balrampur Chini Mills Ltd

On 4th March 2009 - The BSE Sensex closed at 8,446 (Up 19 points) while the NSE Nifty closed at 2,645 (Up 22 points).

Opening Bell Call
Sell

AXISBANK - Axis Bank Limited
BANKINDIA - Bank of India
ABIRLANUVO - Aditya Birla Nuvo Limited
HDFC - Housing Development Finance Corporation Ltd.
IDBI - IDBI Bank Limited

Technical Analysis for 5th March 09

BSE-SENSEX - Major Support - 8440, 8474, 8507, 8538, 8568, 8602, 8635, 8669
BSE-SENSEX - Major Resistance - 8410, 8379, 8346, 8312, 8282, 8251, 8221, 8190

NSE-NIFTY - Major Support - 2637, 2650, 2663, 2672, 2681, 2694, 2707, 2720
NSE-NIFTY - Major Resistance - 2628, 2619, 2606, 2593, 2584, 2575, 2566, 2557

Mukesh Ambani-controlled Reliance Industries Limited (RIL) and Reliance Petroleum Limited (RPL) have been merged into one entity. According to a release issued by Reliance to the BSE, the company's board approved a Scheme of Amalgamation("the Scheme") of Reliance Petroleum Ltd (RPL) (the "Transferor Company") with the company under the provisions of Sections 391 to 394 of the Companies Act, 1956.

The merger ratio is slightly in favour of RPL, and RIL said the merger will be effective from April 1, 2008. The boards have decided the swap ratio at 1:16, which implies that RPL shareholders will get one RIL share for every 16 shares held in RPL. RIL has decided to extinguish its treasury stock.

The merged company, Agarwal added, will be able to use cash flow in a better manner. He said the company sees significant cash flow from RPL in the first year of operations. He also doesn’t see additional depreciation benefits from RPL. Back in 2002, when RPL was merged with RIL, the swap ratio was fixed at 1:11, that is for every one share of RIL, 11 RPL shares.

Market may open down. Market may up between 10.55 and 11.15. Market may steady or down side between 13.25 and 13.47. Market may close at down to previous closing.


SHARE YOUR THOUGHTS! LEAVE A COMMENTS

Opening Bell Call
Buy

Exit all long term Position Major support of Nifty 2660 was broke on 2nd March 2009

On 3rd March 2009 - The BSE Sensex closed at 8427 (Down 179 points) while the NSE Nifty closed at 2,620 ( down 52 points).

Opening Bell Call
Sell

DRREDDY - Dr. Reddy's Laboratories Ltd.
GMRINFRA - GMR Infrastructure Limited
HEROHONDA - Hero Honda Motors Ltd.
RNRL - Reliance Natural Resources Limited
NAGARFERT - Nagarjuna Fertilizer & Chemicals Ltd.

Technical Analysis for 4th March 2009

BSE-SENSEX - Major Resistance - 8485, 8531, 8577, 8652, 8727, 8773, 8819, 8865
BSE-SENSEX - Major Support - 8410, 8335, 8289, 8243, 8168, 8093, 8018, 7943

NSE-NIFTY - Major Resistance - 2640, 2655, 2670, 2694, 2717, 2732, 2747, 2761
NSE-NIFTY - Major Support - 2617, 2593, 2578, 2563, 2540, 2516, 2492, 2468

Market may open down with hugh gap. Market may down between 9.55 and 10.17. Market may steady or down side between 11.27 and 11.47. Market may close at down to previous closing.



SHARE YOUR THOUGHTS! LEAVE A COMMENTS

Opening Bell Call
Buy

Exit all long term Position Major support of Nifty 2660 was broke on 2nd March 2009

On 2nd March 2009 - The BSE Sensex closed at 8607 (Down 284 points) while the NSE Nifty closed at 2,674 ( down 89 points).

Opening Bell Call
Sell

RPOWER - Reliance Power Limited
BANKINDIA - Bank of India
HINDUNILVR - Hindustan Unilever Limited
ICICIBANK - ICICI Bank Ltd
MARUTI - Maruti Suzuki India Limited
POWERGRID - Power Grid Corporation of India Limited
CAIRN - Cairn India Limited
INFOSYSTCH - Infosys Technologies Ltd.
ONGC - Oil & Natural Gas Corpn Ltd
TCS - Tata Consultancy Services Limited

Technical Analysis for 3rd March 2009

BSE-SENSEX - Major Resistance - 8644, 8685, 8725, 8784, 8843, 8884, 8924, 8965
BSE-SENSEX - Major Support - 8585, 8526, 8486, 8445, 8386, 8327, 8268, 8209

NSE-NIFTY - Major Resistance - 2699, 2719, 2739, 2772, 2804, 2824, 2844, 2864
NSE-NIFTY - Major Support - 2667, 2634, 2614, 2594, 2562, 2529, 2497, 2464

Market may open down with hugh gap. Market may down between 9.59 and 10.20. Market may steady or up side between 12.20 and 12.47. Market may close at down to previous closing.




SHARE YOUR THOUGHTS! LEAVE A COMMENTS


Opening Bell Call
Buy

RELIANCE - Reliance Industries Ltd
RELCAPITAL - Reliance Capital Limited
NDTV - New Delhi Television Limited
IDEA - Idea Cellular Limited
RNRL - Reliance Natural Resources Limited
IFCI - IFCI Limited
RPOWER - Reliance Power Limited
SBIN - State Bank of India

On 27th February 2009 - The BSE Sensex closed at 8891 (Down 63 points) while the NSE Nifty closed at 2763 ( down 22 points).

Opening Bell Call
Sell

HDFCBANK - HDFC Bank Ltd
PARSVNATH - Parsvnath Developers Limited
NAGARCONST - Nagarjuna Construction Co. Ltd
APTECHT - Aptech Limited
DCB - Development Credit Bank Limited
BANKINDIA - Bank of India


Technical Analysis for 2nd March 2009

BSE-SENSEX - Major Resistance - 8854, 8918, 8981, 9026, 9070, 9134, 9197, 9260
BSE-SENSEX - Major Support - 8810, 8765, 8702, 8638, 8594, 8549, 8504, 8459

NSE-NIFTY - Major Resistance - 2753, 2775, 2797, 2815, 2832, 2854, 2876, 2899
NSE-NIFTY - Major Support - 2736, 2718, 2696, 2674, 2657, 2639, 2622, 2605