Short-term outlook for the market remains positive: Buy IOC, Granules India

The short-term outlook for the market remains positive till Nifty trades above 10692 levels and expecting targets in the range of 11000-11300 levels

NIFTY      

CLOSE- 10780.55 (25.01.2019)

The market closed weekly in negative territory. It’s consolidating in a narrow range for another week. It made a high of 10987.45 levels during the week. It’s still trading in a narrow range of 10500-11000 levels from one month. It has shown weakness across the board at the end of weekly trading session. But I will wait for further confirmation to finally conclude the end of the short term trend reversal. 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