Short-term outlook for market remains positive: Devang Shah

Any kind of such short term correction or consolidation is a stock specific buying opportunity for medium-to-long term investment perspectives till medium term reverses

NIFTY      

CLOSE- 11665.95 (05.04.2019)

The market closed in positive territory for the seventh consecutive week. It has achieved my short term targets levels, as expected, last week. It has made a high of 11,761 levels on the Nifty & 39,270.14 levels on the Sensex so far in this rally. In the short term, wave-III of 5 Extension case towards revised higher levels targets looks like a high possibility. On the other hand, any failure to extend from here will open up the possibility of consolidation range on the Nifty between 11,300-11,700 levels in short term but any kind of