Top trading ideas for today's trade: Sell Tata Steel, Motherson Sumi

Stock calls and Outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking:

Nifty Outlook: Market entered a corrective phase, stay light

The eight weeks winning streak finally came to an end and no brainer, the major event ‘Union Budget’ became the catalyst for this pause. The inaugural day of the trading week posted fresh high at 11,171.55; but this was followed by some consolidation with a mildly negative bias ahead of the event. On the ‘Budget day’ we saw some volatility but due to tail end recovery the Nifty managed to reclaim the 11,000 mark. This