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

The short-term outlook for the market remains positive till Nifty trades above 10333 levels and expecting targets in the range of 11000-11300 levels.

NIFTY      

CLOSE- 10805.45  (14.12.2018)

The market closed weekly in positive territory after high volatility ahead of state election results during the week. It managed to hold short-term support levels as mentioned last week after knee-jerk reaction below its intraday at the beginning of the week. It made a low of 10333 levels on nifty & 34426 levels on Sensex during the week. One can expect the market to trend towards higher levels targets as mentioned below in short to medium term till it reverses. 

It looks like the beginning of wave-iii of 5 from shortwave count perspectives. We have seen broader