The key benchmark indices closed positive in a volatile trading week due to buying support witnessed in frontline stocks. The sentiment was positive on firm Asian Markets. The Sensex was able to close above the psychological 22,000 level. CNX Nifty also scaled record high. Metal, PSU and Capital goods stocks were the major gainer for the week. Trend in investment by FIIs, trend in global markets, the movement of rupee against the dollar and crude oil price movement hold key for the next week.
Techno- Funda Recommendation
Buy Grasim Industries Limited between 2775 – CMP (2859.75) with close below stop loss of 2680 for the target of 3300 ( Time Horizon :- 1-2 Months).