Home / Markets / Market Technicals / Weekly Technical / Nifty outlook and four stocks picks by Devang Shah for today's trade

Nifty outlook and four stocks picks by Devang Shah for today's trade

Short-term outlook for the market remains positive till Nifty trades above 9075 levels

Sensex,Nifty,investor,market,shares,stock,bull

Premium

<b> Photo: shutterstock <b/>

Devang Shah Mumbai

Last Updated : May 08 2017 | 8:30 AM IST

NIFTY

CLOSE- 9285.30 (05.05.17)

Nifty closed the week in a negative territory. It consolidated in narrow range for the entire week. It made a high of 9377.10 levels during week. It witnessed profit booking at the end of week and closed below 9300 levels at the end of the week. All the other indices closed the week in positive territory.

Short term wave counts are differing but Dow Theory is working well to ride this kind of extended rally as mentioned many times earlier in my weekly updates. One should trail this rally till Dow supports holds. It can be

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in