Nifty outlook and stock recommendations by Sameet Chavan of Angel Broking

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,