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Thursday, July 05, 2007

Daily Technical Note


Nifty and Sensex have exhibited Doji candlestick.

Technically, one may use the level of 4300 (Nifty) and 14700 (Sensex) as the stop loss level.

Nifty faces resistance at 4410 and Sensex at 15050.

Nifty Range 4320 to 4410.

BSE Smallcap and BSE Midcap also exhibited reversal candlesticks.

CNX IT has closed Negative.

In the Punter's zone we have a Sell in Tata power, Sulzon and PNB.

In the Technical call section, we have a Buy in Wockhard, Hind lever and Tatasteel.