 "markets")
Nifty outlook and stock calls by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking:
Nifty Outlook:
This week, our market experienced a good roller-coaster ride and has provided trading opportunities for both counterparties. Clearly, bulls had the last laugh as we saw a smart recovery in last couple of sessions to reclaim the 10,300 mark; courtesy to Moody’s upgrade on India’s sovereign rating for the first time in 14 years. The notable outperformer in this move was the entire banking pack as we saw Bank Nifty outperforming by a fair margin and clocking record highs on Friday.
Nifty Outlook:
This week, our market experienced a good roller-coaster ride and has provided trading opportunities for both counterparties. Clearly, bulls had the last laugh as we saw a smart recovery in last couple of sessions to reclaim the 10,300 mark; courtesy to Moody’s upgrade on India’s sovereign rating for the first time in 14 years. The notable outperformer in this move was the entire banking pack as we saw Bank Nifty outperforming by a fair margin and clocking record highs on Friday.
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