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

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.