Nifty outlook and stock ideas by Sameet Chavan: Buy Marico, Sell Bajaj Fin

As of now, clearly bulls are having a firm grip on the market but as we have been mentioning since a week or so, they would find a bit difficult now going ahead

Markets had a positive start last Monday and without wasting much of a time, Nifty continued with its streak of achieving new milestones. During the first couple of sessions, Nifty clocked back to back fresh highs beyond 17400; but failed to close beyond it on both the occasions. In the latter half of the week, we saw some hint of profit booking but mighty bulls came back strongly not only to defend key supports but also to lift the benchmark index beyond 17,350 comfortably to mark highest ever weekly close.  

The price action in key indices this week was extremely