Weekly market outlook and top two trading ideas by Angel Broking

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

Some reality check post the event, bias still remains positive

The eventful week was followed by a head start on Monday as we once again started our march towards the 12,000 mark. During the week, we did manage to reclaim this milestone but somehow were unable to sustain at higher levels. In fact, on Friday, everything looked hunky dory and we were all set to hit fresh record highs. But suddenly from nowhere, top index heavyweights took a complete nosedive and within a blink of an eye, we were nearly 200 points off in Nifty. 

Fortunately, this selling was absorbed by buyers