The Nifty is all set to scale the crucial 10,000 mark in the coming week aided by optimism from a strong set of results. The Nifty has managed to hold on to all its important moving averages, which signify buying comfort in the short term. We advise buying stocks if Nifty corrects in the nearshort term to 9,730-9,650 as this is a strong support zone. The short-term target therefore comes to 10,000 levels and above that, at 10,340. Among PSU counters, one can add CONCOR, GAIL NTPC for short-term targets of Rs 1,252, Rs 412 and Rs 175, respectively.

Source: Economic Times July 17, 2017 03:11 UTC