Short-term target for Nifty to remain between 10,900-11,000: Devang Shah

Short-term outlook for the market remains positive till Nifty trades above 10,417 levels, says Devang Shah

NIFTY      

CLOSE- 10821.85 (22.06.2018)

Market closed 5th concecuitve week in positive territory. It slow but steady extending on upside as expecting. Its trading in channel as per daily chart attached. It has broken out of consolidation on upside at the end of weekly trading as expected. One should expect market to trend till upper end of channel towards higher levels targets as mentioned in short term. Any kind of decline or short term consolidation is stock specific buying opportunity till short term reverses.

BSE 500 index looks completed Bullish Tringular kind of strucutre in wave-4 as per chart attached. Its also