Business Standard

Nifty outlook & stock recommendations by Sameet Chavan of Angel Broking

Once Nifty surpasses 12,160, we may see Nifty retesting of 12,220 - 12,250 levels

Equity fund managers buy Infosys, sell Reliance Industries in October
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Sameet Chavan Mumbai
Nifty Outlook
 
Despite some uncertainty, 12,000 defended successfully

We had a shaky start to the week as some overhang continued of what we saw previous Friday with respect to the AGR case. In addition to this, things related to coronavirus aggravated which had a rub off effect on all global peers. Thus, the market looked nervous in the first half of the week to retest 11,900 levels. Fortunately, bulls pounced on this opportunity quite aggressively and as a result, we witnessed a V-shaped recovery thereafter to reclaim the 12,000 mark on a weekly closing basis.
 
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