Nifty outlook and stock picks by Sameet Chavan: Buy NTPC, Sell ICICI Bank

The PSU stocks are on a roll since the last couple of months and the way they are shaped up, they appear to perform well throughout this year

Nifty outlook

Markets had a nervous start to the last week as we saw the Nifty sliding below the key support of 14,900 on Monday to even test sub-14,700 levels. However, at the midst of the week, we witnessed a V-shaped recovery in the market, post some dramatic events. Everything looked hunky dory as the February series ended convincingly above the 15,000 mark. But, the market was not done with its twists yet as we saw a huge gap-down on Friday on the back of weak global cues. The selling augmented as the day progressed to eventually mark the biggest single-day