Stay light as Nifty nearing crucial hurdles: Sameet Chavan of Angel Broking

On the downside, a move below 11,100 would lead to immediate correction towards 10,950 - 10,880 levels

Nifty Outlook

We inaugurated the week on Monday on a flat note; however, right from the word go, markets looked a bit depressed and as a result, we witnessed sustained selling throughout the day. Eventually, the Nifty marked the weakest session in the recent past. However, the ‘200-SMA’ level of 10,870 acted as a sheet anchor for the bulls and despite the strong selling momentum there, Nifty managed to hold this sacrosanct support. The optimist traders somehow managed to sail through this difficult session and hence, with the help of positivity across the globe, our markets, too, started rebounding sharply. Post