Nifty Bank to maintain uptrend till it trades above 22,649: Devang Shah

Short-term outlook for the market remains negative till Nifty trades below 10,095 levels

NIFTY       

CLOSE-9788.60 (29.07.17)

Market corrected during the week and achieved short-term target levels on the lower side as expected last week. It made a low of 9,687.55 on Nifty and 31,081.83 on Sensex. It managed to find support around these levels. A pull back rally is possible till these support levels holds or any kind of further short-term reversal evidence is visible. One can expect 9,880-9,950 targets in this pull back rally. Break of lower end support levels will lead a sharp fall further towards revised short-term lower levels targets in this correction. Short-term trader should stay stock-specific and