Technical calls: Buy HDFC, Sun TV, LIC Housing, Colgate and more

Short-term outlook for the market remains positive till Nifty trades above 9,955 levels and is expecting targets in the range of 10,350-10,400, says Devang Shah

NIFTY      

CLOSE- 10,167.45  (13.10.2017)

Market has finally concluded short-term reversal and it is extending further in wave-(V) of 3 from wave counts perspective. It also closed second consecutive week in a positive territory. It was looking like an end of wave-3 from wave count perspectives earlier, but market is in no mood for price-wise correction in short-term. We can expect market to trend towards higher targets as mentioned below conservatively in this rally in short-term. Any kind of decline or consolidation is a buying opportunity for short-term trader till trend reverses.

It appears euphoric move will continue further in this