Nifty outlook and key trading ideas by Devang Shah

Short-term outlook for the market remains positive till Nifty trades above 10,270 levels, says Devang Shah

NIFTY      

CLOSE- 10493 (22.12.17)

Market consolidated in a range after state election results. As expected it head towards higher levels in spite of high volatility at the beginning of week ahead of election results. It closed third consecutive week in a positive territory. It closed at an all-time high levels at the end of weekly trading session. One should expect market to trend towards higher levels targets till it reverses. Traders should stay stock specific & book profit regularly in this last phase of extended rally.

Short-term outlook for the market remains positive till Nifty trades above 10,270