Nifty outlook and top trading ideas by Devang Shah for today

The short-term outlook for the market remains positive till Nifty trades above 10,929 levels, says Devang Shah

NIFTY      

CLOSE- 11557.10 (24.08.2018)

The market closed the 5th consecutive week in positive territory. It has achieved my short term targets levels near recent high as expected. It made a high of 11,620.70 levels on Nifty & 38,487.63 levels on Sensex during the week. It looks like extension case further as per short-term wave count chart. Any kind of short-term consolidation or correction is stock specific buying opportunity till short-term reverses.

The broader market such as midcap & small cap indices remained outperformer & closed weekly in positive territory. It is slow & steady extending on the upside as expected. Broader