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Stock calls and outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking:
Traders keenly awaiting breakout from recent congestion
Last Friday’s sharp recovery was followed by a gap up opening on Monday, citing positive cues from the global peers. However, the kind of follow up buying was needed after such head start, was clearly missing. Hence, we saw restricted moves on the same day and in fact, throughout the remaining part of the week. There were a couple of attempts made to break this range on either side, but index failed to do so and eventually closed at
