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Stock calls and outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking:
Nifty Outlook
Inaugural week at record highs; but real interest remains outside index
Although, initial couple of days of the new calendar year was not so encouraging for our markets, we saw tremendous resilience at lower levels and the Nifty managed to clock record highs towards the fag end of the inaugural week. This wouldn’t have been possible without the participation of heavyweight ‘Banking’ basket, which finally woke up to propel the benchmarks at record highs.
It’s been a good start
Nifty Outlook
Inaugural week at record highs; but real interest remains outside index
Although, initial couple of days of the new calendar year was not so encouraging for our markets, we saw tremendous resilience at lower levels and the Nifty managed to clock record highs towards the fag end of the inaugural week. This wouldn’t have been possible without the participation of heavyweight ‘Banking’ basket, which finally woke up to propel the benchmarks at record highs.
It’s been a good start
