Short-term outlook for market remains positive: Devang Shah

NIFTY      

CLOSE- 11456.90  (22.03.2019)

The market closed in positive territory for the fifth consecutive time during the last week. Nifty made a high of 11,572.80 levels during the week. It witnessed profit booking from higher levels at the end of the weekly trading session. One can expect the market to move towards higher level targets as mentioned below until it reverses. Any kind of decline or consolidation is buying opportunity till short term trend reverses.

We have seen a sharp rally on Bank Nifty and Nifty in the short term, while midcap and small-cap indices remained in consolidation zone. I expect