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
Web Exclusive Premium

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 market has been experiencing some pressure at higher levels and this is what we have been alluding to in our

Also Read

12790 - 12730 a sacrosanct support zone for Nifty: Angel Broking

Nifty can scale new peak once 12,050 is taken out: HDFC Securities

Nifty needs to hold 11,600 for further up-move: CapitalVia Global Research

Nifty outlook and stock recommendations by Sameet Chavan of Angel Broking

Midcaps, smallcaps set to outperform benchmarks in near-term: HDFC Sec

Trading strategies for lead and crude oil by Tradebulls Securities

Hold Nifty longs with stoploss at 15,200: Vinay Rajani of HDFC Securities

Stock picks by Sameet Chavan: Buy Muthoot Finance, sell Bharti Airtel

Dhani Services, Relaxo: Two stocks that Gaurav Garg is bullish on

Bull Spread strategy on Britannia by Nandish Shah of HDFC Securities

First Published: Feb 22 2021 | 8:27 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to