Stock picks by Sameet Chavan: Buy Asian Paints, JSW Energy

Asian Paints seems to have completed its corrective move and are poised for a resumption of the uptrend

Nifty Outlook

The sharp recovery on March 19 was followed by a flat to positive start on Monday, owing to favourable global cues. The lead extended on the following session after the Supreme Court’s verdict on Loan Moratorium. However, as we alluded to in the intra-week commentary, the conviction was clearly lacking in the up move, which eventually resulted in a sharp decline thereafter. Due to mid-week sell off, the Nifty went on to enter sub-14,300 territory for the first time after the Budget session. However, this Friday, too, brought some positivity back in to the market as we witnessed a