TRADING RECOMMENDATIONS Infrastructure Development Finance Company Ltd.

Infrastructure Development Finance Company Ltd. CMP - Rs 141.20
Technical Outlook & Trading Strategy:-

The share price of IDFC has registered a break-out from its Inverted Head & Shoulders pattern. The measuring implication suggests towards a strong possibility of the share price heading to the targets of Rs 147 / Rs 150 in the near future. The momentum indicators remain in the rising trajectory and indicate strength in the current up-move.

We recommend a buy at current price and on pullback to the level of Rs 139- Rs 140 with stop loss placed below `
Rs 136.40 for the aforementioned targets.

TRADING RECOMMENDATIONS ICICI Bank Ltd.

ICICI Bank Ltd. CMP—Rs 1054.00
Technical Outlook & Trading Strategy:-

The share price of ICICI Bank appears to be forming an inverted Head & Shoulder pattern (Intraday Chart).This is a bullish formation and the measuring implication of the pattern suggests that the price can advance to levels of Rs 1074
/Rs 1090levels.

TRADING RECOMMENDATIONS Arvind Ltd.

Arvind Ltd. CMP - Rs 85.75
Technical Outlook & Trading Strategy:-

The share price of Arvind has registered a breakout from its declining trendline placed at Rs 83.50 levels with an increase in trading volumes. The overall technical set up remains positive. As a result of this breakout we expect the stock price to advance towards the level of Rs 89 / Rs 91 in the near future.

Long positions are recommended at current levels and again on dips to the levels of Rs 84.80 - Rs 84.30 with a stop placed below Rs 82.80 levels.