Anand Rathi - Daily Technical Note

Nifty and Sensex have exhibited bearish candlesticks.

Technically, one may use the level of 3450 (Nifty) and 12000 (Sensex) as the stop loss level.

Nifty faces resistance at 3750 and Sensex at 12800.

BSE Smallcap and BSE Midcap Indices have exhibited a bearish candlestick.

CNX IT has exhibited a bearish candlestick.

In the Punter's zone we have a sell in Century Textiles & buy in Bharti Airtel and Tata Motors.

In the technical zone we have a sell in Siemens & buy in Reliance Comm and L&T.

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