Nifty outlook and top stock picks by Angel Broking for today's trade

Few trading ideas by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking:

Nifty Outlook:

Short-term tide turned lower

           

Last Friday was probably a beginning of some pain in the market and this is what we witnessed in three subsequent sessions. The relentless fall kept on breaking hopes for the bulls as most of the intermediate supports got violated in this course of action. Now, there is last ray of hope for the short-term buyers as recent swing low of 9,685.55 remains intact.

We started anticipating such kind of development couple of months back; but, strong momentum kept pushing