Anand Rathi - Daily Technical Note

Nifty and Sensex have exhibited bearish candlesticks.

Technically, one may use the level of 3550 (Nifty) and 12300 (Sensex) as the stop loss level.

Nifty faces resistance at 3780 and Sensex at 13100.

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 buy in SATYAM COMP , JET AIRWAYS & sell ONGC.

In the technical zone we have a buy in HCL - TECH , AURO PHARMA & TATA MOTORS.

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