Nifty outlook and top trading calls by Angel Broking

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

No major movement in the truncated week, 11700 defended successfully
 

After an extended weekend, our markets had a sluggish opening on Tuesday as there was no major trigger on the domestic as well as global front. Brent crude cooled off a bit but our markets had already discounted it while closing on previous Friday.

During the initial hour, all of a sudden, index took a nosedive and in the process, we once again slipped below the key support of 11,700. Fortunately for us, quite similar to earlier session, we had a good upsurge during the penultimate hour, which pulled