Short-term outlook for the market remains positive: Buy Axis Bank, Grasim

The short-term outlook for the market remains positive till Nifty trades above 10534 levels and expecting targets in the range of 11000-11300 levels

NIFTY      

CLOSE- 10906.95 (18.01.2019)

The market closed weekly in positive territory. It further consolidated in a narrow range for the anther week. It’s still trading in a broad range of 10500-11000 levels from one month. One should watch out market behavior near these 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 varying but overall medium-term wave counts is indicating an ongoing correction is buying opportunity from medium to long term perspectives.