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Tuesday, March 20, 2007

Anand Rathi - Daily Technical Note


Nifty and Sensex have exhibited a bullish candlestick.

Technically, one may use the level of 3600 (Nifty) and 12400 (Sensex) as the stop loss level.

Nifty faces resistance at 3780 and Sensex at 13100.

BSE Smallcap and BSE Midcap exhibited bullish candlesticks.

CNX IT has gained ground.

In the Punter's zone we have a BUY in Praj Ind & Titan Industries and SELL in HDFC Ltd.

In the Technical call section, we have a BUY in Aban & Punj Lloyd.& SELL in Bhel.

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