Nifty outlook and top stock picks by Angel Broking; Buy Colgate, UBL

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

Market reacts adversely post budget, poured water on all expectations
 

Over the weekend, we had some favourable developments with respect to US-China trade war and hence, the week started off on a cheerful note. Post this, our markets had to deal with our domestic factors as we were inching closer to the Union Budget 2019. All four sessions ahead of the event traded in a narrow range but the overall bias remained positive. On Friday, the Finance Minister presented the actual Budget post which we witnessed a massive sell off in the market to pare down all weekly gains.
 

Since