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Nifty base shifts higher at 10,000: Sameet Chavan of Angel Broking

If there is no escalation in geopolitical concerns and Covid-19 cases, the Indian markets are likely to continue their northward trajectory

Trading Strategy
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Looking at the broader market participation last week, traders need to keep focusing on individual stocks

Sameet Chavan Mumbai
Nifty Outlook 

Base shifts higher at 10,000 in the midst of uncertainty 

Trading for the last week started with a downside gap on Monday as the second wave of coronavirus started haunting market participants across the globe. The sell-off extended to test the sub-9,750 levels. Somehow, we stabilized from this global negativity, but all of a sudden, on Tuesday, the news came out of a clash at the India-China border. Within no time, markets took a nosedive and remained under pressure for some time. Fortunately, once again we managed to defend key levels in the midst of all this uncertainty.

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First Published: Jun 22 2020 | 8:02 AM IST

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