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Tuesday, June 26, 2007

Technical Note - June 26 2007


Nifty and Sensex have exhibited a bullish candlestick.

Technically, one may use the level of 4220 (Nifty) and 14350 (Sensex) as the stop loss level.

Nifty faces resistance at 4335 and Sensex at 14700.

Nifty Range 4220 to 4280.

BSE Smallcap and BSE Midcap also exhibited bullish candlesticks.

CNX IT has closed negative.

In the Punter's zone we have a Buy in Reliance industries, A.C.C and Kesoram ind.

In the Technical call section, we have a Buy in Rcom, Lupin and ONGC.

Technical Note - June 26 2007