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 3820 and Sensex at 12825.

BSE Smallcap and BSE Midcap Indices have exhibited a bearish candlestick.

CNX IT has lost ground.

In the Punter's zone we have a sell in A.C.C. & buy in IDEA and TATA MOTORS.

In the technical zone we have a sell in INFOSYS TECHNOLOGY & buy in PRAJ INDUSTRIES and TITAN INDUSTRIES.

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