Stock calls by Sameet Chavan of Angel Broking: Sell Tata Motors, Biocon

One can see a formation of 'Bearish Engulfing' pattern on Tata Motors' daily chart

Nifty Outlook 

This week, our markets started off higher owing to favorable cues from their global peers. Subsequently, Nifty slipped into a consolidation mode as the real focus shifts to the mid and small cap universe. For the first four straight sessions, Nifty gyrated in a very slender range around 11,300-11,350. The similar price behavior was witnessed on Friday as well during the first half. However, all of a sudden, major global markets started correcting sharply which had a rub-off effect on our markets as well. Nifty, which was merely vacillating in a range of 80-100 points throughout the week, finally