Market outlook and stock picks by Angel Broking: Buy Maruti, Tata Steel

Stock calls and market outlook by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

Hope of relief rally remains intact 
 

Although the week gone by was a truncated one, it was not at all short of action. Despite some signs of relief rally from the previous week and with a smart move by Index heavyweight Reliance of 10 per cent, the market started with deep cuts on August 13th, losing more than one and a half percent. In the rest two sessions, in spite of global turmoil, Nifty managed to avoid further slip and amidst a stock-specific bounce back it eventually ended around 11050, registering a with loss of around half a percent against