Top trading ideas by Devang Shah: Buy TCS, PowerGrid and Granules India
NIFTY CLOSE- 11429.50 (10.08.2018) Market closed 3rd concecutive week in positive terriotry. It has achieved my short term targets levels on nifty near recent high as expected last week. It made a high of 11,495.20 levels on nifty & 38,076.23 levels on sensex so far in this rally. Its slow & steady extending on upsdie with high volatality. One can expect market to extend futher towards higher levels targets as mendtioend below in short to medium term. Any kind of short term consolidation or correction is stock specific buying opportunity till short term reverses. Stock Picks: GRANULES - BUY CLOSE – Rs- 104.30 TARGET – Rs- 112-115 GRANULES closed the weekly in negative territory. It has wave-V up pending on daily chart. Its weekly momentum indicators are in BUY. Its trading above 20DMA. One can BUY with a stop loss of Rs-93.90 for the target of Rs 112-115 levels in shortterm.