Nifty and Sensex have exhibited a bearish candlestick.
Technically, one may use the level of 4120 (Nifty) and 14000 (Sensex) as the stop loss level.
Range Nifty 4185-4080 Sensex range 14300-13900
Nifty faces resistance at 4185 and Sensex at 14250.
BSE Smallcap and BSE Midcap also exhibited bearish candlesticks.
CNX IT has lost ground.
In the Punter's zone we have a Buy in Rolta & BEML India and Sell in Reliance.
In the Technical call section, we have a Buy in IGL and Sell in Rcom & Tata Tea.
Daily Technical Note - Jun 19 2007