Steady move towards 12,200 likely once Nifty conquers 12k : Angel Broking

Banking stocks' gain on Friday may provide impetus for the extended rally going forward

Nifty Outlook

We have seen a spectacular comeback by the bulls after the recent hiccup towards 10,800. From the next day onwards, the market just took off with the help of a few heavyweight themes. Initially, it was the IT space that took the charge and lifted markets higher from the critical levels along with some participation from the banking space. In fact, the momentum kept accelerating in the week gone by; courtesy to some excellent news flow in the IT giant, TCS to lift the overall sentiments for other peers as well. In addition to this, HDFC twins joined the