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Wednesday, June 27, 2007

Daily Technical Note - June 27 2007


Nifty and Sensex have exhibited a bullish candlestick.

Technically, one may use the level of 4250 (Nifty) and 14400 (Sensex) as the stop loss level.

Nifty faces resistance at 4380 and Sensex at 14800.

BSE Smallcap and BSE Midcap exhibited a bullish candlestick.

CNX IT has lost ground.

In the Punter's zone we have a BUY in Praj Industries , Reliance Capital & Suzlon.

In the Technical call section, we have a BUY in Infosys Technologies , Reliance Industries & Tata Steel.

Daily Technical Analysis Report - June 27 2007