Nifty has been consolidating for the last four trading sessions. On Tuesday, while Nifty ended with minor gains, it managed to register all-time high close. Nifty50 has been finding support at its 8-day EMA, which is currently placed at 13,438. Longs should be held with the stop loss of 13,438 for Nifty. The positional target for Nifty is seen at 14,300-odd levels. Here are a few stock recommendations: SHRIRAM TRANSPORT FINANCE | CMP: Rs 1090 Target Price: Rs 1,170 Stop loss Rs 1,050 The stock price has broken out from the pennant pattern on the daily chart. 'Pennantis' a continuation pattern, which indicates pause after a sharp rally. On December 15, the stock took out the crucial resistance of Rs 1,080 with healthy volumes. The stock is placed above all important moving averages.