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Thursday, June 28, 2007

Daily Technical Analysis Note - June 28 2007


Nifty and Sensex have exhibited a bearish candlestick.

Technically, one may use the level of 4235 (Nifty) and 14350 (Sensex) as the stop loss level.

Nifty faces resistance at 4380 and Sensex at 14800.

BSE Smallcap and BSE Midcap also exhibited bullish candlesticks.

CNX IT has gained ground.

In the Punter's zone we have a Buy in Infosys Tech , IVRCL Infra & Punj Lloyd.

In the Technical call section, we have a Buy in Grasim Industries , Hcl - Tech & Satyam Computers.

Daily Technical Analysis Note - June 28 2007