Top trading ideas by Angel Broking: Buy BEML, Heidelberg Cement

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

Watch out 11,260 – 11,200 levels

We had a gap-down opening on Monday by a fair margin on the back of mounting concerns over the trade war between two largest economies, the US and the China. During the entire week, the uncertainty on this development kept looming over on the entire globe and hence, along with global peers, we kept grinding lower to trim nearly four per cent from the previous weekly close, posting biggest drop after October 2018.

Since last few weeks, market is trading in a consolidation mode and was struggling to overcome the 11,800 level, convincingly. May be it