Nifty can hit 12,000 - 12,200 in the medium term: Devang Shah

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NIFTY
CLOSE- 10085.40 (15.09.17)
 
Market finally broke out of short term Bullish Triangular consolidation range on upside as expected last week. It closed weekly in positive territory. Nifty managed to break finally above 10000 levels. One should expect market to trend towards higher levels targets as mentioned below in short term. Short term trader should be stock specific & book profit at regular intervals in this rally. All the other indices such as midcap & small cap & Nifty Bank also closed weekly in positive territory.
 
Short-term outlook for the market remains positive till Nifty trades above 9,988