Expect volatility to rise as key indices at crucial junction: Angel Broking

Stock calls and Outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking:
 
Nifty Outlook
 
Markets kick started on a positive note on Friday owing to decent overnight rally in the US bourses. Subsequently, index consolidated at record highs for initial couple of hours. However, a sharp decline during the midst of the session spooked intraday traders as we saw Nifty hastening towards the 10600 mark. By the time, everyone could realize how market corrected, we saw index taking a complete u-turn in the latter half to eventually close around its opening point at new