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Friday, June 22, 2007

Anand Rathi - Daily Technical Note


Nifty and Sensex have exhibited a bullish candlestick.

Technically, one may use the level of 4215 (Nifty) and 14350 (Sensex) as the stop loss level.

Nifty faces resistance at 4335 and Sensex at 14700.

Nifty Range 4225 to 4335.

BSE Smallcap and BSE Midcap also exhibited bullish candlesticks.

CNX IT has closed flat.

In the Punter's zone we have a Buy in Biocon, Auropharma and indiaglyco.

In the Technical call section, we have a Buy in NDTV, NagarConst and BajajAuto

Anand Rathi - Daily Technicals - Jun 22 2007