Anand Rathi - Daily Technical Note

Nifty and Sensex have exhibited a sideways bias.

Technically, one may use the level of 3700 (Nifty) and 12800 (Sensex) as the stop loss level.

Nifty faces resistance at 3800 and Sensex at 13150.

BSE Smallcap and BSE Midcap exhibited bullish candlesticks.

CNX IT has gained ground.

In the Punter's zone we have a BUY in P.N.B , IVRCL & SELL in J.P.Associates.

In the Technical call section, we have a BUY in IDEA .& SELL in Satyam Computers & Jet Airways.

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