Stock calls by Sameet Chavan of Angel Broking: Buy Tata Steel, Bharat Forge

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

Despite early hiccups, markets defended key levels
 

After an extended weekend, index opened with a big gap down on SEptember 3rd, mainly on the back of escalated trade war between the US and China over the weekend. This development was fuelled by our weak gross domestic product (GDP) numbers and hence, after some consolidation, the selling momentum accelerated at the stroke of the penultimate hour which lasted till the closing point of the day. Eventually Nifty ended with a mammoth cut over 200 points. On the following day, the selling resumed but fortunately things cooled off at a global front,