Nifty outlook, top stock picks by Angel Broking: Buy EIL, Sell Tata Global

Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd

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Sameet Chavan Mumbai
Sell-off continues post minor relief
Post the Budget announcements, our market looked extremely depressed as it triggered sell-off in some of the marquee outperformers as well.

Towards the fag end of the previous week, this selling somehow got arrested and our markets started attempting to give some recovery. The follow-up of this recovery mode was seen at the start of the week gone by and in the process, Nifty managed to retest the 11,700-mark. However, no relief on the Foreign Portfolio Investor (FPIs) surcharge in the midweek parliamentary session triggered yet another bout of sell-off and in last two days, the index completely took a nosedive to breach all recent crucial supports.
Recently, the index first breached its crucial

First Published: Jul 22 2019 | 07:39 AM IST

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