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Thursday, June 21, 2007

Anand Rathi - Daily Technicals - Jun 21 2007


Nifty and Sensex have exhibited a bullish candlestick.

Technically, one may use the level of 4180 (Nifty) and 14270 (Sensex) as the stop loss level.

Nifty faces resistance at 4280 and Sensex at 14550.

Nifty Range 4190 to 4280.


BSE Smallcap and BSE Midcap also exhibited bullish candlesticks.


CNX IT has closed flat.


In the Punter's zone we have a Sell in Ranbaxy, BPCL and Cummins.

In the Technical call section, we have a Buy in REL, Patel Engg and Amtekauto.

Anand Rathi - Daily Technicals - Jun 21 2007