Short-term outlook for the market remains positive: Devang Shah

Medium term outlook for the market remains positive till Nifty trades above 8,968 levels and expecting targets in the range of 12000-12200 levels in the medium term, says Devang Shah

NIFTY      

CLOSE- 10806.50 (11.05.2018)

The market closed weekly in positive territory after the end of short term time wise consolidation. It ended the weekly trading session on stronger note ahead of Karnataka election results next week. It made a high of 10,812.05 levels on nifty & 35,596.15 levels on Sensex so far in this rally. It looks like the possibility of extension of the rally from here on towards Lifetime high levels after end of time wise short term consolidation phase as expected earlier. One can expect higher levels targets as mentioned below in short to medium term. Any kind