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Nifty outlook and top trading ideas by Angel Broking

Stock calls and outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking.

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Sameet Chavan Mumbai
11,549 becomes a sheet anchor for Nifty

Last week, our benchmark index clocked new record high of 11,856.15. However, it turned out to be a formality as there was no follow-up momentum seen to extend the rally. Last Friday, the markets gave a hint of profit booking and similar sort of decline was seen on the first day of the week gone by as well. Some macro factors like, Brent crude rising beyond its key levels of $73-74 weighed down heavily on traders’ sentiments. Fortunately for us, the damage was not as severe as it looked like once. Due to

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First Published: Apr 30 2019 | 6:30 AM IST

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