Nifty outlook and stock picks by Sameet Chavan of Angel Broking

Till the time we are holding 9,000, the bulls should remain hopeful.

Stimulus fails to excite, 9,000 a key support to watch

It was clearly a week of consolidation despite PM Modi announcing a gargantuan stimulus package of Rs 20 lakh crore. There was initial reaction seen at the opening on Wednesday; but did not have enough strength to buck the global trend. We kept sliding gradually throughout the remaining part of the week to eventually close with a cut of a per cent as compared to the previous weekly close.

It was disappointing to see our markets failing at higher levels despite such a massive trigger. Hence, it is clear now