Midcap & Small-cap indices to hit all-time high levels soon: Devang Shah

The short-term outlook for the market remains positive till Nifty trades above 10,929 levels, says Devang Shah

NIFTY      

CLOSE- 11360.80 (03.08.2018)

The market closed the 2nd consecutive week in positive territory. It has extended on the upside as expected last week. It made a high of 11,390.55 levels on Nifty & 37,711.87 levels on Sensex so far in the rally during this week. One can expect the market to trend towards further higher levels targets as mentioned below in short to medium term. Any kind of short-term consolidation or correction is stock specific buying opportunity till short-term reverses.

Midcap & Small cap indices also closed weekly in positive territory. We have seen outperformance in broader market