According to Bharat Thakur, assistant manager, Karvy Stock Broking the stock market is likely to lift up further on coming Monday (July 16).

Technical Analyst, Ashwani Gujral is of the opinion that Housing Development Finance Corporation (HDFC) has aim of Rs 2200.

Gujral stated, “I think definitely financial space has a lot of strength, the PSU sector was lagging but now with inflation coming down, I think PSU banks will also catch up.”

One will see Rs 1350 shortly on HDFC Bank as it has made a fresh breakout, and HDFC is now hovering to attain a target of 2200.

The stock market (BSE) has followed the same volatile pattern once more. It remains strong throughout the week, and analysts have suggested a strong resistance level at 14595.
The support for the Sensex is at 14425, and the resistance to the up move at 14526-14540-14584-14594. On the other hand, the support for the Nifty is at 4236 and resistance to the up move at 4286-4290-4322.
According to Ashwani Gujral the Nifty would trade in a higher place at 4,300, before any major rectification kicks in.

Grindwell Norton Ltd has declared that the Company has formed a Joint Venture group in Bhutan in

Technical Analyst, Ashwani Gujral is of the opinion that beyond Rs 120, Development Credit Bank (DCB) will surely touch Rs 150.

Mr. Ashwani Gujral stated that UTI Bank and Kotak Mahindra Bank have been favorite stocks for a long time. Now Kotak Mahindra Bank is set for levels of around Rs 650. UTI Bank is plausibly headed in the direction of Rs 800.

The Nifty June 2007 futures settled at 4242, a discount of 6.65 as against spot closing of 4248.65