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

Any kind of such short term correction or consolidation is a stock specific buying opportunity for medium to long term investment perspectives till medium term reverses

NIFTY      

CLOSE- 11752.80  (18.04.2019)

The market closed last week in the positive territory. It consolidated in a narrow range for the truncated week and has made a high of 11,856.20 levels on Nifty so far in this rally. There's a high possibility of wave-III of 5 Extension case in short term towards revised higher levels targets. On the other hand, the failure to extend from here will open up the possibilty of consolidation range on Nifty between 11,300-11,800 levels in short term but any kind of decline or consolidation is buying opportunity till short term reverses.

Short-term outlook