In the month of May 2013 Benchmark indices ended positively. While BSE Sensex grew by 1.31% & Nifty gained 0.94%. RBI cuts interest rates by twenty five bps & Wholesale Inflation figure came down below 5 %. However GDP Data came in month of May, were in line with expectations, dampening hopes of further rate cut. Visit: - http://www.rrfinance.com/

2. MONTHLY ROUNDUP (May’13)
EQUITY COMMENTARY
Lead Indices
In the month of May 2013 Benchmark indices ended positively. While BSE Sensex grew by 1.31% & Nifty gained 0.94%. RBI
cuts interest rates by twenty five bps & Wholesale Inflation figure came down below 5 %. However GDP Data came in month
of May, were in line with expectations, dampening hopes of further rate cut.
Week
no.
% Change
Key positives Key negatives
Sensex Nifty
1 1.50 1.20
India Govt. slashed the rate of tax from 20% to
5%, levied on the interest that foreign investors
earn from their investments in local bonds, in
its latest effort to attract more foreign capital to
help finance a wide CAD.
The Reserve Bank of India cut the repo rate by
25 bps for the third time since January, but
said there is little room to ease monetary policy
further, disappointing markets.
In the week ended 26 April 2013, India’s
foreign exchange reserves increased by $1.60
billion at $ 296.37 billion. In the previous week
ended 19 April 2013, the forex reserves had
been declined by $ 485.90 million to $294.76
billion.
The Cabinet cleared the way for 839 new FM
radio channels to go on air in around 300 cities
later this year. Lok Sabha has passed the
Finance Bill for the fiscal 2013-14 with minor
amendments, even as the Principal opposition
Party BJP walked out from the house
protesting against Coalgate.
RBI pegged the GDP growth rate for the
current fiscal year at 5.7%, significantly lower
than Finance Ministry's forecast of 6.10% to
6.70%.
2 2.80 2.80
India's industrial production growth rate
bounced back to 2.5% in the month of March
2013 on better performance of power and
manufacturing sectors coupled with higher
output of capital goods. However, the factory
output measured in term of IIP grew by just 1%
in FY’2013 compared to a growth of 2.90% in
previous financial year. Meanwhile, the
industrial output growth for the month of
February has been slightly revised downwards
to 0.46% from the estimates of 0.6% released
last month.
India’s services sector for 2013-14 financial
year began on a dismal note, as the HSBC
PMI index for services sector grew at 50.70 in
April, compared to 51.40 in March. The
composite Purchasing Managers’ Index (PMI)
for India also includes manufacturing PMI was
down to 50.50 in April from 51.4 in March. As
per a monthly HSBC India survey of services
sector managers, the pace of hiring by private
sector companies was slowest in seven
months. However, the executives expressed
optimism about improving trends in coming
months.
3 1.30 1.10
India's annual CPI Index slowed for the
second straight month in April to 9.39%. In
the March month Consumer prices rose 10.39
annually. In April Food prices for consumers
rose 10.61% annually, slower than rise of
12.42% annually in March.
Indirect tax collection in April grew by a
meagre 3.30% to Rs 33,684 crore with excise
duty collection declining 14.70% y-o-y.
Customs duty collection increased by 12.8% to
Rs 13,083 crore, while service tax collection
grew 13.60% to Rs 10,712 crore in April.

3. MONTHLY ROUNDUP (May’13)
India's annual inflation as per the wholesale
price index weakened more than expectation of
economists in April. The WPI increased 4.89%
yoy in April. Economists had forecast a 5.45%
increase. Prices of food articles rose 6.08
percent annually, and costs of non-food
products advanced 7.59 percent. Fuel and
power prices recorded 8.84% increase from a
year earlier.
Excise duty collection has fallen to Rs 9,889
crore for during the month, compared to Rs
11,590 crore in previous year.
4 -2.90 -3.30
Finance Ministry has been agreed to dole out a
record Rs.100,000 crore towards cooking fuel
and diesel subsidy in Fiscal 2012-13 but wants
to change pricing formula from current year to
cut down the outgo. Finance Ministry, which
had previously given out cash subsidy of
Rs.55,000 cr, now has been agreed to give
Rs.40,000-45,000 cr more to cover unmet
revenue losses on fuel sale in the fiscal year
ending March 31, 2013.
Sectoral Performance
In the month of May all Sectoral indices ended in positive except Bankex, Capital Goods, Metal, Oil and Gas, Power, PSU
and Realty. The top three gainers of the month were IT, Technology & Consumer durable which rose by 6.23%, 3.69%, and
3.53% respectively while Top three looser indices were Realty, Capital Goods & PSU fell by 11.40%, 3.20% and 3.04%
respectively.
BSE INDICES
30 Apr
2013
31 May
2013
% Change Remarks
SENSEX 19504.20 19760.30 1.31
BSE-MIDCAP 6344.00 6389.47 -1.29
BSE-SMALLCAP 6021.20 5943.46 0.72
BANKEX 14363.70 14261.24 -0.71
Bank stocks fell on profit booking after recent gains triggered by
expectations that the RBI will cut policy rate to boost economic
growth. Interest-rate Sensitive & banks fell after the RBI said that
assessment of growth-inflation dynamics limits scope for further
easing of policy rate.
SBI reported 18.54% fall in net profit to Rs 3299.22 crore on
6.98% rise in Revenue to Rs 36330.87 crore in Q4 2013 over Q4
2012.
In Fourth quarter PNB and UBI reported a sequential
improvement in asset quality.
BSE CD INDEX 7432.50 7695.00 3.53
CAPITAL GOODS 9718.80 9407.38 -3.20
Larsen & Turbo reported 6.9% fall in net profit to Rs 1787.94
crore on 9.9% rise in Revenue to Rs 20686.93 crore in Q4 2013
over Q4 2012.
Capital goods stocks rose on renewed buying.
BSE FMCG INDEX 6548.50 6772.13 3.41
On 7 May 2013 Uttar Pradesh state government slashed VAT on
cigarette/cigar from 50% to 25%. The Centre had raised the
excise duty on cigarettes by 18% on all cigarettes except
cigarettes of length not more than 65 mm in Union Budget 2013-

4. MONTHLY ROUNDUP (May’13)
14.
BSE
HEALTHCARE
8691.20 8846.91 1.79
Japanese drugmaker Daiichi Sankyo Co, which bought control of
Ranbaxy Laboratories in 2008, said it believes unnamed former
shareholders of the company-hid information regarding US
regulatory probes into Ranbaxy. Ranbaxy pleaded guilty to felony
charges related to drug safety and agreed to pay $500 million in
civil and criminal fines under a settlement with the U.S.
Department of Justice.
BSE-100 5941.40 5991.11 0.84
BSE-200 2389.00 2409.22 0.85
BSE-500 7385.30 7441.89 0.77
BSE IT INDEX 5709.60 6065.34 6.23
IT stocks gained on positive economic data in the US. US is the
biggest outsourcing market for the Indian IT firms. Wipro's IT
services Total Income rose 0.50% to $1.585 billion in Q4 2013
over Q3 2012. On yearly basis, IT services revenues rose 3.2%
to $1.585 billion in Q4 2013 over Q4 2012. While HCL
Technologies reported strong Q3 results. As per US accounting
standards consolidated net profit rose 7.8% to Rs 1040 crore on
2.40% growth in Total Income at Rs 6425 crore in Q3 2013 over
Q2 2012.
Infosys is collaborating with SAP on development of mobile
applications for the retail industry. These efforts are focused on
giving consumer packaged goods companies anytime, anywhere
access to sales representatives and merchandisers, enabling
them to capture information from the field to make them more
competitive and agile.
BSE METAL 8651.10 8503.01 -1.71
Sterlite Industries reported 51% yoy jump in its consolidated net
profit at Rs 1,925 crore for the quarter ended Q4 2013. The
company's revenue grew at 17% yoy basis to Rs 12,674 crore
during the recently quarter driven depreciation of the Indian
Rupee.
BSE Oil & Gas 8711.00 8654.79 -0.65
In month of January 2013, the government has allowed PSU
OMCs to raise diesel prices in small measures at regular intervals
while completely deregulating diesel prices sold to institutional or
bulk buyers.
Oil market companies have increased diesel prices by Rs 1.02
per litre; it is the fourth increase in this year.
BSE PSU INDEX 6864.60 6655.84 -3.04
BSE TECK INDEX 3474.20 3602.53 3.69
BSE REALTY 1901.30 1684.92 -11.38
Realty stocks edged lower on account of profit booking after the
gains triggered by the expectations that the Reserve Bank of
India may further cut key policy rates to perk up economic growth
after the latest data showed a sharp fall in WPI in April 2013.
Unitech fell on news that the HSBC has sold 20 lakh shares of
Unitech through open market for about Rs 6 crore, resulting
reduction in its stake.
BSE POWER 1761.90 1755.12 -0.38
JSW Energy fell as one of the promoters of JSW Energy has
made an offer to sale of 2.82 cr shares through the separate
windows provided by the bourses for this purpose. Shares were
subscribed 1.75 times.
In Q4 2013 Reliance Infra reported 76.4% increase in

5. MONTHLY ROUNDUP (May’13)
consolidated net profit to Rs 725 crore on 13.29% fall in Revenue
from operations to Rs 6187 crore. Net profit increased 41.59% to
Rs 2247 crore on 7.57% fall in total operating Revenue to Rs
22382 crore in the year ended March 2013 over March 2012.
BSE Auto 10957.90 11166.34 1.90 Auto stocks edged higher on renewed buying.
Global Markets
WORLD MARKET INDICES PERFORMANCE
Index
27 April
2013
27 May
2013
Points Chg (%) Chg
US
DJIA 14712.55 15394.5 681.95 4.64
S&P 500 1582.24 1650.51 68.27 4.31
NASDAQ 3279.26 3459.41 180.15 5.49
EUROPE
Frankfurt (DAX30) 7,814.76 8,383.30 568.54 7.28
London (FTSE) 6,426.42 6,696.79 270.37 4.21
Paris (CAC 40) 3810.05 3956.79 146.74 3.85
ASIA
Hang Seng 22547.71 22686.05 138.34 0.61
Japan NIKKEI 13884.13 14142.65 258.52 1.86
Shanghai Comp 2177.91 2292.84 114.93 5.28
Fund Activity
In month of April, FIIs were the net buyers of Equity & Debt worth Rs. 17931.80 & Rs. 7579.60 crore respectively. Meanwhile
Mutual funds sold Equity worth Rs. 1320.70 crore but they were strong buyer of Debt worth Rs. 17307.90 crore
Bond Yields
FII & MF TRADING ACTIVITY IN MARCH
Foreign Institutional Investor Mutual Funds
Net Purchase/Sales in Equity Net Purchase/Sales in Debt Net Purchase/Sales in Equity Net Purchase/Sales in Debt
17931.80 7579.60 -1320.70 17307.90
In the month of April 2013, the world markets ended on
a positive note. Nikkei, Dow Jones, NASDAQ, CAC,
FTSE, Hang seng, Shanghai Composite & and
Frankfurt Dax were the gainers, rising 1.86, 4.645, 5.49,
3.85, 4.21, 0.61, 5.28 & 7.28 percent respectively.
Meanwhile BSE & NSE also edged higher with the Gain
of 3.21% & 2.82% respectively.
During the month of May 2013, Average daily volumes
on BSE rose 4.50% M-o-M. The average daily
derivatives volumes on NSE also rose 1.20% in month
of May 2013.
10 Year Government Bond Yield – Trend

6. MONTHLY ROUNDUP (May’13)
At the end of May 2013, Indian G-Sec bond yields closed lower by 48 bps at 7.24% over April 2013. The yield on the
benchmark security fell sharply on account of amid lower inflation and expectations of further interest rate cut by the RBI.
Increasing inflation has been one of the biggest factors in the sharp fall in the bond yields. While expectations of monetary
easing in the June policy led to a fall in the yields.
Commodities
In month of May 2013, the Reuters/Jefferies CRB Index of 19 raw materials ended down by 2.18% to close at 284.90
because investors might have been turned to equities markets Speculators cut their bullish bet in cotton futures and options
to a three-week low. The fall in the Reuters/Jeffries CRB Index was because of a fall witnessed in commodities like Natural
Gas (-7.40%), Live Cattle (- 7.40%), Silver (- 6.00%), Gold (- 5.40%), Coffee (- 5.30%), Cocoa (- 5.30%), Sugar (- 4.50%),
Cotton (- 4.40%), Nickel (- 3.60%), Crude Oil (- 1.60%) and Wheat (- 1.30%). Natural gas is the biggest gainer among
commodities thus far in 2013, gained 7.4 % in May.
BEHAVIOR OF COMMODITY PRICES DURING MAY 2013:
Commodity
30 May,
2013
30 April,
2013
M-o-M % Chg
Gold 1393.00 1472.10 - 5.37
Crude Oil 91.97 93.46 -1.59
Aluminum 1903.00 1886.00 0.90
Tin 20895.00 20820.00 0.36
Copper 7270.00 7105.00 2.32
Zinc 1913.00 1887.00 1.38
Nickel 14700.00 15250.00 -3.61
Lead 2186.00 2037.50 7.29
Currencies
USD to:
30 April,
2013
30 April,
2013
M-o-M %
Chg
Pakistani rupee 99.42 98.86 0.60
Hong Kong
dollar
7.76 7.76 0.00
Chinese Yuan 6.19 6.22 -0.50
Indian Rupees 56.35 54.16 4.00
Taiwan dollar 30.04 29.54 1.70
Singapore dollar 1.26 1.23 2.30
Argentine peso 5.28 5.18 2.00
Euro 0.77 0.76 0.70
Thai baht 30.21 29.31 3.10
Malaysian
ringgit
3.08 3.03 1.40
Japanese yen 101.03 97.84 3.30
Indonesian
rupiah
9832.84 9727.63 1.10
Brazilian real 2.11 2.00 5.50
Korean won 1130.07 1108.52 1.90
Behaviour of commodity prices during the month
ended May 2013 is given. The base metals pack
traded on a positive note except Nickel tracking a
stronger euro for all metal markets as volumes were
thinned by a European holiday.
In May 2013, USD was positive against other
currencies. The USD remained strong against its
several peers during the month except Chinese yuan
because speculation grew that stronger U.S.
economic data will urge the Federal Reserve to
reduce its unprecedented monetary stimulus. Report
on rebounding U.S. housing sector also strengthened
the USD.

7. MONTHLY ROUNDUP (May’13)
OUTLOOK GOING FORWARD
GLOBAL:
US Economy on the way of Recovery
It has become routine, at about this time of year, to predict that the US economy is on the mend – only for that recovery to
swiftly rot away. In the second quarter of 2010, the median forecast for US growth in 2011 was 3.1 per cent, and the Fed was
gunning for 3.9 per cent. The actual outcome was a depressing 1.8 per cent and the pattern of the next two years was
similar.
Spring turns to summer in America, and once again, the mown-grass scent of economic optimism is in the air. An 11 per cent
annual rise in house prices and a boom in the stock market does that to people. Higher asset prices are not much good by
themselves – growth in incomes, jobs and activity is plodding – but markets seem to be sustaining the economy through the
worst of tax rises and government spending cuts. Consumer confidence has not been this high for five years.
Interest rates are lower than in previous years, adding more support for the economy, and the Federal Reserve itself is less
of a risk to growth. Its new policies tie easy money to the state of the economy – low interest rates at least until
unemployment falls below 6.5 per cent and more asset purchases until there is a substantial improvement in the labour
market outlook. This reduces the chance of a premature tightening.
After a lengthy recession, stock markets in the US are starting to look healthy. The S&P Broad Index shot up 26% in the past
year to a record high. The most recent data shows the US economy is expanding at a 2.4% annual pace. Recovery in
housing has a powerful accelerator effect. Higher house prices mean that more people have enough equity in their home to
refinance at a low mortgage rate; do that and they can start spending more.
Japan – Abenomics coming to its rescue
Prime Minister Shinzo Abe is promoting policies nicknamed “Abenomics'' to help revive Japan's economy after two decades
of stagnation, raising public spending and easing monetary policy by an unprecedented extent to stimulate demand and
investment, along with reforms aimed at making Japanese business more competitive.
Supporters of Abenomics say they expect a recovery by mid-year, as the economy enters a “virtuous cycle” of rising prices,
rising wages and surging demand thanks to a recovery in corporate investment. Skeptics question whether companies will
raise wages and investment, and whether the recovery can prevail over the blows to demand from two looming sales tax
hikes, even if Abe succeeds in pushing through politically difficult deregulation and other reforms needed to improve
competitiveness and sustain growth in the long run.
Japan's economy has started picking up. Exports have stopped decreasing as overseas economies have been moving out of
the deceleration phase that had continued since last year and are gradually heading toward a pick-up. Business fixed
investment continues to show resilience in nonmanufacturing and appears to have stopped weakening on the whole. Public
investment has continued to increase, and housing investment has generally been picking up. Private consumption has seen
increased resilience, assisted by the improvement in consumer sentiment. Reflecting these developments in demand both at
home and abroad, industrial production has stopped decreasing and signs of picking up have become increasingly evident.
In recent days, however, concerns have grown about rising interest rates in the government bonds market, which could
threaten Japan’s monetary policy. Japan is vulnerable to rising borrowing because of its high public debt burden, which is
twice the size of its economy. Bonds are also the main financial asset held by banks, pension funds and insurance
companies, making a surge in debt yields perilous.
Eurozone – Recession looming again
The European Central Bank has warned that the eurozone's slumping economy and a surge in problem loans were raising
the risk of a renewed banking crisis, even as overall pressures in the region's financial markets had receded.

8. MONTHLY ROUNDUP (May’13)
In a sober assessment of the state of the zone's financial system, the central bank said that a prolonged recession had made
it harder for many borrowers to repay their loans, burdening banks that had still not finished repairing the damage caused by
the 2008 financial crisis.
While the central bank did not mention specific banks, as is customary, it said the most vulnerable were those in countries
with high unemployment or falling house prices. That list would include Italy, Spain, Greece and Portugal. But ailing banks
are also a problem in stronger countries like Germany, where Commerzbank and publicly owned state banks are struggling
with bad loans to the shipping industry.
The recovery of the Japanese economy, just as a recession in Europe digs in, is renewing pressure on European
policymakers to shift course from austerity to stimulus.
Indian Market Outlook:
Q4FY13 Review
Quarterly earnings of India Inc hit a new low in the three months between January and March this year thanks to some
severe pressure on demand, high interest costs and relatively weak bargaining power of the companies in raising prices
even though expenses rose.
An analysis of quarterly earnings of nearly 1,100 companies (excluding oil companies) showed that the aggregate net profits
of these companies fell 14.6% on a y-o-y basis to Rs.62,244 cr. For FY13 too, the combined net profits of these companies
fell 5% to about Rs.2.72 lakh cr. This is the first time since the global financial crisis year of 2008-09 that the yearly profits
showed a decline. This was also the second yearly drop in net profits in the last 10 years.
India's corporate performance, despite gloom and doom all around, wasn't very disappointing at an aggregate basis due to
impressive performance by a few sectors like oil & gas and automobiles and large caps. While broad Sensex earnings are
above expectations, they were boosted by heavyweight sectors like oil & gas and utilities. On the other hand, there is clear
case of revenue slowdown in many sectors, while margins continue to be under pressure.
Small-Cap and Mid-Cap companies have been the worst hit with their net profits for Q4FY13 reducing to one-third of level
seen in the corresponding quarter last year while largecap companies have seen relatively slower deceleration in net profits.
The better performance was led by strong performance from companies like NTPC, Coal India and Hindustan Zinc which
enjoy dominant market position in their respective sectors.
Rupee Depreciation – Cause for another trouble?
The Rupee has remained under pressure since the start of May 2013, with a depreciation of 3.5%. The currency has been
weighed down by the widening of trade deficit in April- 2013, domestic political issues and a strong Dollar amidst rising
expectations of tapering of QE by the Fed. Going by the current pace of weakening, value of 58-59 vs the USD seems
possible in the next few weeks. A section of the street however expects the currency to receive support in the medium term
and return back to the 53-55 range on improvement in current account deficit, robust capital flows and from RBI policy
measures. The trading though is likely to be choppy amidst global uncertainties like possibility of withdrawal of stimulus by
the Fed and revival of Eurozone debt concerns. With several state elections this year and the General elections next year,
domestic political dynamics will be a key input towards shaping market sentiments.
The main reason causing the rupee to fall is the immense strength of the Dollar Index, which has touched its three-year high
level of 84.30. The record setting performance of US equities and the improvement in the labor market has made Americans
more optimistic about the outlook for the US economy, thereby spurring greater hopes of QE tapering.
The US Dollar is looking like gold these days because the Federal Reserve is in a very different position versus the ECB,
BoJ and the RBA. The Federal Reserve is talking about tapering asset purchases at a time when European officials are
considering more aggressive monetary easing measures such as negative deposit rates.
The fact that the Euro zone is in a recession is just another reason why investors are snapping up dollars. The monetary
policies of the ECB and the BoJ pose a threat to the value of the EUR and JPY whereas the next move by the Fed should
support the dollar. This divergence is bringing the dollar more into the limelight as a 'safe haven'. Capital preservation is just

9. MONTHLY ROUNDUP (May’13)
as important as capital appreciation in the present times and for this reason the direction of the monetary policy and the
consequent implications for the currency has become very important.
India’s economic cycle bottomed out?
India's Q4FY13 GDP grew 4.8% y-o-y, broadly in line with expectations. This follows 4.7% y-o-y growth in Q3 and resulted in
average real GDP growth of 5.0% during FY13. Therefore, the overall momentum of the recovery remains tepid.
Indeed, the RBI has reduced policy interest rates considerably in the recent months, but transmission of those cuts into bank
lending rates has been poor. The likelihood of continued fiscal austerity, along with weakness in typically resilient segments
such as domestic services, suggests sluggish economic activity for a while yet. On a more positive note, the rainfall forecast
for the coming monsoon season is “normal”, which should help the agriculture sector to fare better in the current fiscal year
as well as possibly support an improvement in consumption spending to some extent. Likely improvement in government
spending should also help GDP growth in H2FY14.
Capital expenditure (capex) is showing signs of revival. According to experts, this would resume in the current quarter, with
the lagged effect of lower interest rates, slightly stronger exports and improved equity market performance.
Recent macroeconomic data have increased expectations for rate cuts by the RBI in 2013. The RBI has already cut the repo
rate by 75 bps this year. Inflation could remain broadly within the RBI’s comfort zone in the coming months, while the growth
recovery will remain weak.

10. MONTHLY ROUNDUP (May’13)
TECHNICAL COMMENTARY
On the daily chart of nifty we can see nifty has given almost 50 % retracement of its current rally and forming lower top and
lower bottom formation. Currently nifty is trading near its 100 days and 50 days SMA. Nifty short term trend is down and it
may continue to the level of 5750 if nifty breaks 5860 levels on closing basis. Trader with short position can liquidate there
some potion on current levels and re-enter in short after 5860 levels. Nifty has nest major support at 5780 and resistance at
6150.
Resistance 1 6050
Resistance 2 6150
Support 1 5750
Support 2 5500
CNX NIFTY

11. MONTHLY ROUNDUP (May’13)
STOCK IDEAS
BANK OF INDIA
CMP 1825
TARGET 1920
SL 1793
OUTLOOK Bullish
ENTRY RANGE Above 1840
TECHNICAL VIEW: - On the daily chart of Dr. Reddy’s Lab
we can see stock long term trend is up. Currently stock has
bounced back after making double bottom patter and trading
near its trading range upper level. Technical indicators RSI
and STOCHASTIC are showing strength in stock. Currently
stock is trading above its 8 days, 13 days and 21 days EMA.
Investor can make long position in stock above 1840 levels
with stop loss of 1793 for target price of 1920.
YES BANK
CMP 287
TARGET 260
SL 303
OUTLOOK Bearish
ENTRY RANGE Near 290
TECHNICAL VIEW: - On the daily chart of Bank of India,
we can see stock has broken its rising trend line with good
volume. Currently stock is trading bellow 8 days, 13 days
and 21 days EMA. Technical indicator RSI and MACD
Histogram are also showing weakness in stock. Stock can
touch 260 levels in lower side, investor should exit from
there long position or can make fresh short position in stock
with stop loss of 303 for target price of 260.
CMP 487
TARGET 460
SL 515
OUTLOOK Bearish
ENTRY RANGE Near 495
TECHNICAL VIEW: - On the daily chart of Yes Bank, we
can see stock has broken its support level of 500 with good
volume. Currently stock is trading bellow 8 days, 13 days
and 21 days EMA. Technical indicator RSI and MACD are
showing weakness in stock. Investors can make fresh short
position in stock near 495 levels with stop loss of 515 for
target price of 460.

12. MONTHLY ROUNDUP (May’13)
ARVIND
CMP 81.95
TARGET 86
SL 78
OUTLOOK Bullish
ENTRY RANGE Near 81
TECHNICAL VIEW: - On the daily chart of Arvind, we can
see stock has outperformed nifty in last some session.
Currently stock is trading above its 8 days, 13 days and 21
days EMA. Technical Indicator RSI is showing strength in
stock. Stock has broken its falling trend line with good
volume. Aggressive trader can make long position in stock
near 81 with stop loss of 78 for target price of 86.
POWER FINANCE CORPORATION
CMP 183
TARGET 174
SL 198
OUTLOOK Bearish
ENTRY RANGE Near 190
TECHNICAL VIEW: - On the daily chart of PFC, we can see
stock has broken its trading range of 190 to 200 in lower side.
Currently stock is trading bellow its 8 days, 13 days and 21
days EMA. Technical indicators RSI is showing weakness in
stock. Investor can make short position in stock near 190
levels with stop loss of 198 for target price of 174.
DISCLAIMER