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Short-term outlook for the market remains positive: Devang Shah

Nifty outlook and top trading ideas by Devang Shah

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Devang Shah New Delhi
NIFTY      
CLOSE- 10,817.70 (15.06.2018)

Market closed 4th concecutive week in positive territory. It further consolidated in narrow range during the week. Nifty is still consolidating in narow range of 10,400-10,900 levels in short term & we are trading near upper end of range. Able to break this range on upside will fianlly confirm rally towards short term targets levels as mentioned below.Any kind of decline or short term consolidation is stock specific buying opportunity till short term reverses. One can expect higher levels targets as mentioend below in short to medium term.

It looks like wave-II Consolidation as per daily chart.

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