Nifty outlook & stock picks by Sameet Chavan: Buy Piramal Entp, Jamna Auto

Looking at the broad-based participation on Friday, especially the way banking space is poised, we will not be surprised to see the index heading towards record its high in the first half of this week

Nifty Outlook

The market continues with its recent trend where the opening on Monday happens either with an upside or a downside gap. For the second straight week, the market started on a pleasant note, owing to some recovery in the global markets. On the same day, Nifty managed to move beyond 14,900 first and the following day, the sturdy wall of 15,000 was thrashed convincingly. Everything looked hunky-dory but all of a sudden the global markets again became nervous and due to this, we witnessed a decent correction, with Nifty sneaking below the psychosocially important level. But the market was