Daily Technical Note - Jun 7 2007

Nifty and Sensex have exhibited a bearish candlestick.

Technically, one may use the level of 4180 (Nifty) and 14150 (Sensex) as the stop loss level.

Nifty faces resistance at 4250 and Sensex at 14450.

BSE Smallcap and BSE Midcap also exhibited bearish candlesticks.

CNX IT has lost ground.

In the Punter's zone we have a Sell in Century Textiles , Tata Power & Reliance Capital.

In the Technical call section, we have a Sell in SBI , IBRealest & Renuka Sugar.

Daily Technical Note - Jun 7 2007