Two stock ideas by Vinay Rajani: Buy Happiest Minds, Godrej Industries

Support for the Nifty is seen at 14,500 and with that as a stop loss, traders should remain bullish

Nifty in a choppy trend; markets expected to remain stock specific
 
Nifty has been consolidating for the last 6 weeks in the weekly closing range of 14,550-15,200. On March 19, Nifty found support in the gap zone of 14,336-14,469 and registered a sharp recovery. On the same day, Nifty formed a bullish Piercing Line candlestick pattern on the daily chart, indicating a short-term bullish reversal. This week started with a narrow move, and Nifty has been gradually moving up since.
 
It is wise to remain conservative at higher levels. Indices are in a choppy trend and many whipsaws are