Nifty placed at a crucial juncture: Sameet Chavan of Angel Broking

If these levels are taken out, this will certainly negate the bearish stance and then the indies can head higher.

Nifty Outlook 

It has been a roller coaster ride for our markets in the last couple of weeks. First, the September expiry panned out at the lowest point of the series and from the next session, immediately, the markets started rebounding sharply. The same momentum carried over to last week to head towards 11,300 first. In the midst, Nifty looked a bit tentative around it, but, on Thursday, it just blew out to reclaim 11,400 convincingly. 

In the last five sessions, markets almost had a V-shaped recovery, and, within no time, we are off last Thursday’s lows more than 600 points, which