Nifty outlook and four trading ideas by Devang Shah

Nifty is expecting targets in the range of 10,300-10,700 levels in the medium-term

NIFTY
 

CLOSE- 9173.75 (31.03.17)

Nifty closed the week in a positive territory. It traded in a narrow range for the entire week, and has consolidated in this range after achieving short term targets levels as expected so far in this rally. It witnessed profit-booking from higher levels after achieving short-term target levels. It made a high of 9218.40 levels on Nifty and 29,824.62 levels in Sensex. It managed to hold above 9,000 levels on Nifty. There is a strong possibility of extension case towards upper-end of channel as per daily chart in short-term. All the other indices also closed the