Nifty expected to trade in 9,300-9,465 zone in short-term, says Devang Shah

All the other indices such as Nifty Bank, Midcap & Smallcap Indices are out-performing in short-term

NIFTY
 

CLOSE- 9150.80 (13.04.17)

Nifty failed to extend further and consolidated in a narrow range for the entire week. It traded in channel as per hourly chart for the entire week. Main indices Sensex/Nifty closed the week in a negative territory. All the other indices such as Nifty Bank, Midcap & Smallcap Indices are still out performing in the short-term. Although main indices are showing loss of momentum on daily chart but one needs to watch out price reversal to finally conclude short term reversal until one expects higher levels targets as mentioned below in the short-term. 

All the