Nifty outlook and top trading ideas by Devang Shah for today

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

NIFTY      

CLOSE- 11470.75 (17.08.2018)

The market extended gain further & closed the 4th consecutive week in positive territory. It consolidated in a narrow range during the week. It made a high of 11,495.20 levels on Nifty & 38,076.23 levels on Sensex so far in this rally. It is slow & steady extending on the upside with high volatility. One can expect the market to extend further towards 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 closed weekly in