Anand Rathi - Daily Technical - May 18 2007

Nifty and Sensex have exhibited another bullish candlestick.

Technically, one may use the level of 4170 (Nifty) and 14200 (Sensex) as the stop loss level.

Nifty faces resistance at 4250 and Sensex at 14400.

BSE Smallcap exhibited a narrow candlestick and BSE Midcap exhibited a bullish candlestick.

CNX IT has gained ground.

In the Punter's zone we have a BUY in IFCI , A.C.C. & Corp Bank.

In the Technical call section, we have a BUY in Zensar Tech , India Cement & Hcl - Tech..

Anand Rathi - Daily Technical - May 18 2007