Top trading ideas by Devang Shah: Buy L&T Finance, Tata Global, Cummins

The short-term outlook for the market remains positive till Nifty trades above 10940 levels.

NIFTY   

   

CLOSE- 11,922.80  (31.05. 2019)

Market closed third consecutive week in the positive territory. It has consolidated in a narrow range for the week with high volatility, as expected. It made a high of 12,039.30 levels during the week.  One needs to watch out market behavior at these crucial levels till these recent high gets surpassed. Close and sustenance above these levels will finally confirm trend towards further higher targets as mentioned below in short-to-medium term.

Short-term wave count structure is still not conclusive but we may see some time or price wise consolidation for short term that may provide some