Anand Rathi - Daily Technical - May 24 2007

Nifty and Sensex have exhibited a downward bar reversal.

Technically, one may use the level of 4200 (Nifty) and 14300 (Sensex) as the stop loss level.

Nifty faces resistance at 4300 and Sensex at 14500.

BSE Smallcap and BSE Midcap exhibited a bearish candlestick.

CNX IT has lost ground.

In the Punter's zone we have a BUY in IDEA , Reliance Energy & SELL in Tata Steel.

In the Technical call section, we have a BUY in IDFC & Sell in Titan and DCB.

Anand Rathi - Daily Technical - May 24 2007