Short-term outlook for the market remains positive: Devang Shah
NIFTY CLOSE- 10605.15 (25.05.2018) The market closed the week in positive territory after high volatility during the week. It made a low of 10,430.35 levels on nifty & 34,302.89 levels on sensex during week. It looks like possibility of end of wave-II correction as mentioned last week. Stock Picks: DHFL- BUY CLOSE – Rs 616.05 TARGET – Rs 645/680 DHFL closed weekly in positive territory. It looks like end of short term consolidation. It’s outperforming in short term. It’s trading above 40 DMA. Its weekly momentum indicators are in BUY. One can BUY with stop loss of 590 for the target of 645/680 levels in short term. AXIS BANK- BUY