Short term outlook for markets remain positive; buy JSPL, Raymond

One should be stock specific and follow the trend with trail stop loss levels till it reverses

NIFTY      

CLOSE- 11,712.25  (03.05. 2019)

Market closed marginally in negative territory on a weekly basis. It consolidated in narrow range for fourth consecutive week and made a high of 11,856.20 levels on Nifty so far in this rally. It consolidated in the range of 11,550-11,800 levels for the entire month of April after sharp surge seen in March. There is a high possibility of wave-III of 5 Extension case in short term towards revised higher levels targets. 11,300 is also another strong support on Nifty for short term. Any kind of decline or consolidation is stock specific buying opportunity till