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Tuesday, July 03, 2007

Daily Technical Note


Nifty and Sensex have exhibited a flat candlestick.

Technically, one may use the level of 4270 (Nifty) and 14520 (Sensex) as the stop loss level.

Nifty faces resistance at 4380 and Sensex at 14850.

Nifty Range 4280 to 4380.

BSE Smallcap and BSE Midcap also exhibited bullish candlesticks.

CNX IT has closed bearish.

In the Punter's zone we have a Buy in KTK Bank, Punj Llyod and IVRCL.

In the Technical call section, we have a Buy in 3Infotech, Nagar const and Maruti.

Daily Technical Analysis Note - July 3 2007