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

Short-term outlook for the market remains positive till Nifty trades above 10557 levels and expecting targets in the range of 11500-11600 levels in short term, says Devang Shah.

NIFTY      

CLOSE- 11,010.20 (20.07.2018)

Market closed the week marginally in negative territory. It consolidated in narrow range throughout the week. It looks like bullish consolidation for the week & market is likely to break these consolidation range on upside in coming trading session.It made a high of 11,076.20 levels so far in this rally. One can expect market to extend further on upside towards higher levels targets as mentioned below in short to medium term. Any kind of short term consolidation or correction is stock specific buying opportunity till short term reverses.

Short-term outlook for the market remains positive till