Nifty outlook, top stock picks by Angel Broking: Buy Motherson Sumi, HDFC

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

11,000 defended on weekly basis, further relief likely 

In the midst of global uncertainty, our markets opened lower with a decent margin last Monday. However, Nifty managed to recover some lost ground on the same day to reclaim the 10,800 mark. On the subsequent day, the index followed similar kind of pattern and showed first signs of revival. Despite Wednesday’s weak session, it took off at the stroke of the penultimate hour on Thursday and we saw complete gush in the market to see some sharp short covering moves. This lead was extended on Friday to eventually conclude the week with