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Top trading ideas by Angel Broking: Bullish on MCX, bearish on Tata Steel

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

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Sameet Chavan New Delhi
Stock calls and outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking.
 
Nifty Outlook:
 
In the week gone by, our markets had swings on both sides and in fact, benchmarks seemed to have decoupled as there were totally different directions seen from the global bourses in the latter half of the week. Eventually, this heavy sell off on Friday resulted into a decent cut from weekly highs to conclude proceedings below the 10200 mark (on weekly basis) for the first time after December 01, 2017.
 
As chartist, if we look at the daily

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