Short-term outlook for market remains positive: Devang Shah

Short-term outlook for the market remains positive till Nifty trades above 10,940 levels and expecting targets in the range of 11,700 levels in short term

NIFTY      

CLOSE- 11,426.85  (15.03.2019)

The market closed in positive territory for the fourth consecutive week last time. It extended gain on the upside, as expected. It achieved my first short term targets levels near recent high as expected. The market has made a high of 11,487 levels on the Nifty so far in this rally. One can expect the market to extend towards higher levels targets as mentioned below till it reverses. Any kind of decline or consolidation is a buying opportunity until short term reverses.

We have seen a sharp rally on bank nifty & Nifty during this