| Anand Rathi Sec: Trend remains bullish |
| Our Markets Bureau / Mumbai August 11, 2006 |
| Anand Rathi Securities, in its technical note, says Nifty and Sensex have exhibited a narrow candlestick pattern with a slight longer lower shadow. The brokerage said: "This candlestick indicates that there was buying interest at lower levels, but at the end of the day, the bulls and bears were almost evenly matched. The trend is still bullish. On the average , the indices are trading above the short-term averages and this again indicates that the bias at present is bullish. "Based on the chart pattern developed to date, one may hold long positions for the time being with a stop loss of 3150 (Nifty) and 10,800 (Sensex)." In the punter |
