Nifty Bank to lead in ongoing rally in short term: Devang Shah

One should buy selected stocks form banking sector to take advantage of this rally, says Devang Shah

NIFTY      

CLOSE- 10283.60 (17.11.17)

Nifty closed the week marginally in negative territory. Market managed to hold short-term support/reversal levels of 10,124 as mentioned last week and we have seen sharp recovery around from these levels. It made a low of 10,094 levels on Nifty and 32,683.59 levels on Sensex in this period of time-wise correction/consolidation. It looks like extension case further towards upper end of channel as anticipating from wave count perspectives till these support holds. One can expect market to rally towards higher levels targets as mentioned below till short term reverses. Traders should buy stock-specific and book