Short-term outlook for the market remains positive: Devang Shah

Expecting targets in the range of 10,850-10,900 levels in short term, says Devang Shah

NIFTY      

CLOSE- 10692.30  (27.04.2018)

Market closed 5th consecutive week in positive territory. It's slow but steady extending on upside towards higher levels targets in short term as expected last week. It made a high of 10,719.80 levels so far in this week. It closed near high at the end of the weekly trading session. It's trading in channel as per daily chart. All the other indices such as midcap, small cap etc also extended gain & closed weekly in positive territory. One can expect the market to extend further towards higher levels targets as expected below in short term.