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Friday, February 23, 2007

Anand Rathi - Daily Technical Note


Nifty and Sensex have exhibited bearish candlesticks.

Technically, one may use the level of 3965 (Nifty) and 13800 (Sensex) as the stop loss level.

Nifty faces resistance at 4187 and Sensex at 14530.

BSE Smallcap and BSE Midcap Indices have exhibited a bearish candlestick.

CNX IT has exhibited a bearish candlestick.

In the Punter's zone we have a SELL in INFOSYS & BUYon TITAN and MOSER BAER.

In the Technical call section, we have a Sell in SATYAM COMP & BUY in BEML and NAVNEET PUBLICATIONS.

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Thanks Yash