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Top stock picks by Angel Broking: Buy TATA Elxsi, Bharat Electronics

Stock calls and market outlook by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

Markets, Buy, Sell, Stocks, Shares
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Sameet Chavan Mumbai
Nifty Outlook
 
Some respite on last day to reclaim 10,800

Last week, we closed with some hopes of a relief rally and on Monday, the proceedings began on expected lines. But at higher levels, market faced a sturdy wall around 11,150, which resulted into a moderate decline for the next couple of days. However, on Wednesday, things became worse as we witnessed a relentless sell-off and the Nifty slid below the recent swing low of 10,782.60. On Friday, th eindex continued its selling streak and gave a sharp correction to sneak below the 10,650-mark.

Fortunately, a strong buying emerged

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