Major Indian equity indices remain range bound with the Nifty 50 index unable to break out above 9,000. The Nifty 9,000 call which has the most accumulation in open interest continues to offer stiff resistance. The India Volatility Index (VIX) continues to trade near 7 month lows. But with with big political and economic events in India this week, will indices break out of their respective ranges? On Bloomberg Quint's ‘Surf's Up', which tracks weekly trends in equity derivatives, Sameet Chavan of Angel Broking tells Agam Vakil he expects the Nifty to hit life time highs quite soon. He is bullish on certain two-wheeler manufacturers and public sector banks. For more on what levels to bear in mind and stocks to watch, listen in.
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