Nifty outlook & stock picks by Sameet Chavan: Buy Aarti Inds, sell Escorts

For Nifty, the immediate resistance zone can be seen around 14,575-14,650, where a sustainable move beyond 14,650 would negate the possibility of further correction

Nifty Outlook

Last week, the markets once again surprised everyone with a huge downside gap on Monday. It seemed as if we were completely decoupled with global peers as the weak opening had nothing to do with global cues. Since we are battling with the mounting concerns over Covid-19 cases in our country, the markets are having a knee-jerk reaction to this development. In the initial trades, the selling augmented to challenge the 14,200-mark. Fortunately, the market saw some buying interest at lower levels as we did not spend much time below this key support. A similar sort of resilience was