The Key benchmark indices closed negative this week, after previous week of strong rally. Metal, realty PSU and power stocks were the major loser for the week. Going ahead, Corporate advance tax data for the first installment of 15 June, the progress of the monsoon rains, data on inflation based on the wholesale price index for April 2014 and the outcome of a meeting of the US Federal Reserve would determine the trend on the bourses in the near term.
Techno- Funda Recommendation
Buy Emami Limited between 490– CMP (505.20) with close below stop loss of 450 for the target of 630 ( Time Horizon :- 1-2 Months).