Expecting target of 9,850 levels for Nifty in short term: Devang Shah

Recommends buying ACC, HDFC, Pidilite, Tech Mahindra and OFSS

NIFTY - CLOSE-9588.05 (17.06.17)
 
Market is consolidating in narrow range from last three weeks. It’s consolidating in narrow range of 9,550-9,700 levels on Nifty. It made a high of 9,709.30 levels on Nifty and 31,430.32 levels on Sensex. It looks like rime-wise bullish consolidation or in other words time wise correction in market. Nifty closed first time weekly in negative territory after rally of preceding five weeks. One can expect market to trend towards higher levels targets as mentioned below in short to medium term till it reverses.
 
Although from wave count perspectives, it looks like clearly extended