Nifty Outlook and top trading ideas by Angel Broking

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

Some breather before heading towards record highs

It was more of a week of consolidation for our markets after recent relentless run from lower levels. We started the trading for the week on a positive note and then continued our march higher towards the next psychological junction of 11,500. Since, the overall optimism was so high, the Nifty did manage to test and even surpass this level during the week. But during the latter half of the week, the index saw subdued moves with some hint of profit booking on Friday to conclude tad below 11,500 by adding negligible gains