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Short-term outlook for market remains negative: Devang Shah

Recommends buying Dabur, JSW Steel, Tata Communications and Godjrej Industries

markets, stocks, sensex, nifty, bse, nse
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Devang Shah Mumbai
NIFTY: CLOSE- 9979.70  (06.10.17) 
 
Market closed weekly in positive territory. It retraced close to 61.8% near recent high in this pull back rally as expected last week. It made a high of 9,989.35 levels on nifty & 31873.76 levels on Sensex so far in this pull back rally. All the other indices such as Nifty Bank, Midcap and Smallcap etc also closed weekly in positive territory in this pull back rally. One should wait for further evidences or short term reversal to finally conclude end of short term correction.
 
Nifty Bank is still under performing in this pull

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