Anand Rathi - The First Call (Daily Technical Note)

Nifty and Sensex have exhibited bearish candlesticks.

Technically, one may use the level of 3650 (Nifty) and 12600 (Sensex) as the stop loss level .

Nifty faces resistance at 3900 and Sensex at 13300.

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 Mphasis - Bfl & Buy Hdfc Bank & Bharti Airtel.

In the technical zone we have a Buy in ACC , Icici Bank & Grasim Ind.

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Thanks Yash