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

Broader market will catch up with main indices with faster face & relatively outperform in the coming months

NIFTY      

CLOSE- 11278.35 (27.07.2018)

The market closed weekly in positive territory. It is slow & Steady extending on the upside after the breakout from range as expected last week. It made a high of 11,283.40 levels on Nifty & 37,368.49 levels so far during this week. Nifty made a fresh all-time high this week as expected after Sensex. One can expect the market to trend towards further 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.

We have seen broader market participation this week