Nifty outlook and stock recos for today's trade by Devang Shah

Recommends buying Godrej Industries, Ajanta Pharma, Tata Power, Tata Chemicals, Bharat Financial and Sun TV

NIFTY     
CLOSE- 10389.70 (24.11.17)
 
Nifty closed 2nd consecutive week in positive territory. It’s slow but steady heading towards higher levels with some consolidation in short term. It made a high of 10404.50 levels during week & closed nearer to it at the end of weekly trading session. It looks like extension case further towards upper end of channel as anticipating from wave count perspectives  till lower end support holds. One can expect market to rally towards higher levels targets as mentioned below till short term reverses. Trader should BUY stock specific & book profit at regular intervals.