Anand Rathi - Daily Technical Note - May 10 2007

Nifty and Sensex have exhibited a hammer like candlestick.

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

Nifty faces resistance at 4185 and Sensex at 14225.

BSE Smallcap has exhibited a doji like candle and BSE Midcap also exhibited bullish candlesticks.

CNX IT has lost ground.



In the Punter's zone we have a Buy in RCOM , UNITECH & FEDERAL BANK.

In the Technical call section, we have a Buy in MPHASIS , PNB & SUZLON.

Anand Rathi - Daily Technical - May 10 2007