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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