Nifty holding on to key levels despite volatility: Angel Broking

For this week, 11,500 - 11,600 has now become an important support zone

Nifty Outlook 

Last week, the global markets went through severe pain as participants started to sense Donald Trump’s defeat in the upcoming US Presidential election. To rub salt on the wound, major European countries imposed lockdown due to the rising coronavirus cases. This resulted into a massive sell-off in developed markets, which had a rub off effect on our market as well. Right from the word go, we looked nervous; but fortunately the reaction was not as brutal as it is in the global peers. In fact, a reasonable recovery in the second half on Friday lifted markets higher in the