WEEKLY TECHNICAL ANALYSIS OF HDFC AND WEEKLY CHART

LAST WEEKLY RECOMMENDATION:
M&M ROCKSSS…!!!!!!!!!!!!
ALMOST HIT FIRST TGT 1170 MADE LOW OF 1174.25 SELL AT 1220

LOT SIZE: 400

WEEKLY TOTAL PROFIT: 36600 IN JUST TWO LOT

FUTURE :

 “SELL HDFC BELOW 1155 TGT 1100/1060”

WEEKLY CHART FOR HDFC:

A new private equity fund of Indian mortgage lender Housing Development Finance Corp (HDFC.NS) will target raising $500 million from offshore investors for domestic property projects, including in warehousing and logistics, Asset manager HDFC Property Fund has mainly invested in housing projects through earlier funds but, for the first time, plans to invest in logistics and warehousing with the new fund, becoming the latest investor seeking to cash in on India's e-commerce boom.

With more consumers shopping online, India's $110 billion logistics and warehousing sector is stretched. Fuelled by online retailers, supply of modern warehouses in India is set to more than double by 2020 to 200 million square feet, property consultancy JLL estimates. HDFC expects to generate net returns of up to 20 percent from the new rupee-denominated fund which it will start raising in mid-2016, Krishnamurthy said. The fund will have a life of nine to 10 years. Investors from Asia, including those in Singapore, Japan and China, and the Middle East have shown interest to invest in the fund, Krishnamurthy said. He did not give specific names.