Anand Rathi - Daily Technical Note

Nifty and Sensex have exhibited bearish candlesticks.

Technically, one may use the level of 3680 (Nifty) and 12665 (Sensex) as the stop loss level.

Nifty faces resistance at 3900 and Sensex at 13500.

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 Reliance Industries , Larsen & Toubro and Tata Steel.

In the technical zone we have a sell in S.B.I. , Sesa Goa and Divi's Laboratories.

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