Weekly market outlook and two stock calls by Sameet Chavan of Angel Broking

Stock calls and market outlook by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

Eventful week on the global as well as domestic front

Last three weeks have not been so good for our markets mainly on the back of some domestic concerns. Last week, our markets started the proceedings on a sluggish note and once again the major support zone of 11,650 – 11,630 was challenged in the initial part. Fortunately, similar to recent patterns, strong buying emerged at lower levels which pushed the index significantly higher to enter a relatively safer zone. Although, the last couple of days saw some struggle around 11,800 – 11,850, the Nifty eventually managed to close a tad