 "Nifty outlook and top trading ideas by Devang Shah")
NIFTY
CLOSE- 10558.85 (05.01.2018)
Market closed 5th consecutive week in positive territory. Its slow & steady extending towards short term targets levels as expected last week. Broader market is out performing compare to nifty at current levels. All the other indices such as midcap & small cap also closed weekly in positive territory. One should expect market to trend towards short term targets levels till it reverses. Typically, we have seen 5 positive weekly rallies in recent times. Since we have closed 5th positive weekly close, one can’t rule out profit booking from higher levels. Trader should be
CLOSE- 10558.85 (05.01.2018)
Market closed 5th consecutive week in positive territory. Its slow & steady extending towards short term targets levels as expected last week. Broader market is out performing compare to nifty at current levels. All the other indices such as midcap & small cap also closed weekly in positive territory. One should expect market to trend towards short term targets levels till it reverses. Typically, we have seen 5 positive weekly rallies in recent times. Since we have closed 5th positive weekly close, one can’t rule out profit booking from higher levels. Trader should be
