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Nifty outlook and stock picks by Sameet Chavan: Buy Petronet, sell UBL

In the last couple of sessions, Petronet's stock prices witnessed a good traction and, importantly, it's backed by the more than average daily volumes

Markets, Buy, Sell, Stocks
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Sameet Chavan Mumbai
Nifty Outlook

After a brief pause in the week starting February 8, our markets resumed their upward momentum on the first trading day of the last week on the back of global optimism and encouraging macro numbers. The upward move continued on the following day as well to clock fresh record high of 15,431.75. However, at higher levels, most of the heavyweight counters started experiencing some profit-booking, which extended as the week progressed. In this process, the Nifty eventually sneaked below the psychological mark of 15,000 on Friday to snap the weekly winning streak. 

For the major part of the week, the

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