Stock calls and outlook on Nifty by Angel Broking for today's trade

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

Nifty Outlook

The merry days continues for our market after undergoing some stressful period of nearly five months. Unlike the previous week, the intra-week action was not as smooth as it was; but as we generally say all is well that ends well. The index managed to reclaim the 11350 mark with an authority; bringing the smile back on a lot of retail investors.

With a technical point of view, the rally began after breaking out from a ‘Bullish Diamond’ pattern on the weekly chart during the