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Stock calls and outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking:
Mostly, in a strong uptrend, if the market has to undergo some kind of correction, we see that pain coming out in the first half of the week and the latter part tries to make up for the damage. A similar thing was witnessed during the week, the index first took a nosedive from Monday’s high and then remained under pressure; courtesy of relentless appreciation in US Dollar against the Indian Rupee. Until last week, our markets could handle up to the 71-mark; but the
