Short-term outlook for market positive, be stock specific: Devang Shah

One needs to see broader market behavior next week to get further clue of overall market. It has to outperform and catch up with main indcies with faster pace in rally ahead.

NIFTY      

CLOSE- 11515.20 (14.09.2018)

Market closed the second concecutive week in negative territory. It remained highly volatile in this time-wise consolidation or corrective phase during the week as expected. It made a low of 11,250.20 levels on Nifty and 37,342 levels on Sensex during the week. It managed to hold lower end channel support levels on Nifty and Sensex as per daily chart. It looks like the end of short term correction/consolidation at these lower levels and market is likely extend further towards higher levels targets as mentioned below in short to medium term. Any kind of short term