Short-term outlook for the market remains positive; Buy Cummins, Powergrid

Short-term outlook for the market remains positive till Nifty trades above 10138 levels and expecting targets in the range of 10800-11100 levels in short term

NIFTY     

CLOSE- 10303.55 (19.10.2018)

Market closed weekly in negative territory. It made a high of 10710.50 levels during the week. It witnessed profit booking from these levels & made a low of 10249.60 levels at the end of weekly trading session. It still looks like pull back rally to continue further towards higher levels targets till short term reverses. It may also trade in broad range of 10000-10500 levels before further trend established ahead of expiry next week.

It looks like high possibility of end of wave-IV (ABC) medium Correction. One should also watch out other evidences for further