Short-term outlook for market remains positive; Buy Cummins, IOC, Sun TV

Short-term outlook for the market remains positive till Nifty trades above 10333 levels and expecting targets in the range of 11170-11450 levels in short-term, says Devang Shah.

NIFTY

CLOSE - 10,859.90 (28.12.2018)

The market closed weekly in positive territory. It managed to hold lower end support levels & sharply recovered from these levels. It made a low of 10534.55 levels & 35010.82 levels on Sensex during the week. Its once again closed near the upper end of the range at the end of weekly trading session. One should watch out market behavior near this crucial levels. Able to break this range on the upside will finally confirm the trend towards higher levels targets as mentioned below in short term. 

Short term wave count is still not conclusive or keep on