Short-term outlook for market looks positive; Buy Axis Bank, Granules India

The short-term outlook for the market remains positive till Nifty trades above 9950 levels and expecting targets in the range of 11100-11400 levels in short-term

NIFTY      

CLOSE- 10553 (02.11.2018)

The market closed weekly in positive territory & as expected we got sharp pullback rally from the recent bottom near from medium-term reversal levels. It made a low of 10004.55 levels on nifty & 33,291.58 levels on Sensex in recent correction. We have seen the impulsive advance structure from this bottom finally indicating end of wave-IV short-term correction. One can expect market to trend towards higher levels targets as mentioned below in short to medium term till it reverses. 

We have seen sharp pullback rally from medium-term support levels. It looks like high possibility of