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Friday, July 06, 2007

Daily Technical Analysis


Nifty and Sensex have exhibited Doji candlestick.

Technically, one may use the level of 4300 (Nifty) and 14700 (Sensex) as the stop loss level.

Nifty faces resistance at 4390 and Sensex at 15050.

Nifty Range 4300 to 4390.

BSE Smallcap and BSE Midcap also exhibited bearish candlestick following reversal candlesticks the day before.

CNX IT has closed Negative.

In the Punter's zone we have a Sell in Peninland, Parsvath and Ansal infra.

In the Technical call section, we have a Buy in RCOM, Sail and Voltas.

Daily Technical Analysis