Anand Rathi - Daily Technical - May 11 2007

Nifty and Sensex have exhibited a candlestick with a longer upper shadow.

Technically, one may use the level of 4030 (Nifty) and 13600 (Sensex) as the stop loss level.

Nifty faces resistance at 4150 and Sensex at 14000.

BSE Smallcap and BSE Midcap have exhibited a grave stone doji.

CNX IT has lost ground.

In the Punter's zone we have a Sell in Polaris , Infosys Tech & Reliance Ind.

In the Technical call section, we have a Buy in Bharat Forge & Sell in ONGC and Bajaj Hindustan.

Anand Rathi - Daily Technical - May 11 2007