Expect targets of 10,300-10,700 levels in Nifty, says Devang Shah

Nifty outlook and stock pics from Devang Shah for Monday

NIFTY          
CLOSE- 9,119.40 (21.04.17)
 
Market consolidated in narrow range for the entire week. It failed to sustain at higher levels but still managed to hold lower end support/ reversal levels as mentioned below as per Dow Theory indicating time wise correction phase of market till its proven otherwise. Main indices Nifty/Sensex closed 2nd consecutive week in negative territory, indicating possibility of Wave-II Time wise correction phase as per wave counts on daily chart. It made a high of 9,217.90 & low of 9,075.15 levels during the week. One should expect market to trend towards higher levels targets till