Nifty outlook and key trading ideas by Devang Shah

Short-term outlook for the market remains positive till Nifty trades above 10,490 levels and expecting target of 10,950-11,000 levels in short term, says Devang Shah

NIFTY CLOSE: 10,894.70 (19.01.2018)

Market closed 7th consecutive week in positive territory. It has reached & surpassed upper end of parallel channel & achieved my all short term targets levels as expected earlier. It made a high of 10,906.20 levels on Nifty & 35,540.47 levels on Sensex so far in this rally. It closed at very crucial levels at the end of weekly trading session. One should watch out market behaviour at this crucial levels, sustain above these levels will only confirm further higher levels targets till 11,300-11,500 levels on Nifty &