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Nifty outlook and four trading ideas by Devang Shah for today's session

Short-term outlook for the market remains positive till Nifty trades above 9,685, says Devang Shah

markets, stocks, sensex, nifty, bse, nse
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Devang Shah Mumbai
NIFTY       
CLOSE- 9837.40 (19.08.17)

Market closed the week in a positive territory. It witnessed high volatility on both sides during week. It made a high of 9,947.80 levels and low of 9,783.65 levels during week. It still looks like bullish consolidation till short term reverses. We have seen sharp “V” shape recovery particularly Midcap and Small cap Index during this week after sharp fall of preceding week. It still looks like one more leg on upside is still pending in the short-term till it reverses. Alternatively, failing to sustain at higher levels will lead to a range-bpund trend between