Nifty outlook and stock recommendations by Sameet Chavan of Angel Broking

If Nifty again slide below 13,626, we may see some corrective move in the concluding week of the current calendar year

Nifty Outlook
 

Despite being a truncated week, it was certainly an action packed as well as the volatile one for our markets, unlike recent weeks. On the inaugural day, Nifty marked a fresh record high of 13777.50 in the initial hours. However, post this, it just turned out to be a nightmare for the Bulls. The entire market just collapsed in a matter of a few hours on some global jitters to register the biggest intraday loss in the last few months. In the process, Nifty had a massive cut of more than 600 points to enter sub-13,200 levels. But,