Nifty outlook and key trading ideas for Monday's trade by Devang Shah

Short-term outlook for the market remains positive till Nifty trades below 10,094 levels, says Devang Shah

NIFTY      

CLOSE- 10121.80 (01.12.17)

Market witnessed a sharp selling pressure and closed the week in a negative territory at the end of trading session. It made a low of 10,108.55 levels on Nifty and 32,797.78 levels on Sensex so far in this correction. It closed near a very crucial support/ reversal levels at the end of weekly trading session. One should watch out market behavior at these levels for short term. If Nifty holds above these levels, it will confirm further extension of rally on upside in short term or else there will be a sharp price wise correction