12790 - 12730 a sacrosanct support zone for Nifty: Angel Broking

Although the overall trend has been strongly up, traders should still avoid aggressive bets

Nifty Outlook

Last week was yet another week of consolidation for our market after a relentless rally in the first half of the November month. Nifty registered a fresh record high of 13,145.85, but saw some profit-booking at higher levels. However, it didn’t correct much; because the undertone still remains strongly bullish. In fact, we saw modest recovery towards the fag end to conclude the week with nearly a per cent gain around the 13,000-mark.  

The November month has been the historical one for our markets as we saw two key indices, Nifty and Bank Nifty clocking sizable gains over 11 per