The key benchmark indices closed almost unchanged in a volatile trading week as pressure of profit booking emerges at higher level. Realty and Capital goods stocks were the major loser during the week. However, buying support was seen in FMCG stocks. Going ahead, the next batch of Q4 and year ended 31 March 2014 (FY 2014) results will dictate near term trend on the bourses. Macroeconomic data, trend in investment by foreign institutional investors, trend in global markets, trend in other global emerging markets, the movement of rupee against the dollar and crude oil price movement hold key.
Techno- Funda Recommendation
Buy Tata Communications Limited between 304 – CMP (310.75) with close below stop loss of 290 for the target of 355 ( Time Horizon :- 1-2 Months).