Key benchmark indices saw divergent trend in the week ended Friday, 4 April 2014. BSE Sensex logged small gains after scaling a record high on 3 April 2014. CNX Nifty also settled a tad lower after scaling record high on the same day. The market gained in three out of five trading sessions in the week just gone by. The BSE Mid-Cap and Small-Cap indices logged strong gains to outperform the Sensex during the week. Going ahead, India's foreign trade data for March 2014 and industrial production data for February 2014 will dictate trend on the bourses during truncated trading week.
Techno- Funda Recommendation
Buy Dena Bank between 59 – CMP (61) with close below stop loss of 53 for the target of 80 ( Time Horizon :- 1-2 Months).