Two stocks that Sameet Chavan of Angel Broking is bullish on

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

Market lacking clear direction, wait for a breakout

It was yet another week of consolidation for our markets in the absence of major triggers. Nifty started off well with some hope of surpassing the stiff hurdle of 12,000, but once again the attempt turned unsuccessful. During the remaining part of the week, it kept vacillating around the lower band of the range to eventually conclude tad above the 11,800-mark.

Although it was a week of consolidation for our markets, the overall bias remained on the negative side and hence, any intra-week pull back was getting sold into. Now, with this price development