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

The short-term outlook for the market remains positive till Nifty trades above 10534 levels and expecting targets in the range of 11170-11450 levels

NIFTY      

CLOSE- 10727.35  (04.01.2018)

The market closed weekly in marginally negative territory. It consolidated in a narrow range for the week. It made a low of around 10677 levels during the week. It’s still trading ina 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 confirmthe 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 oan ngoing correction is