Nifty outlook and top trading ideas by CapitalVia: Buy Eicher Motors, ITC

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

1550652323-778
Market news:

Nifty managed to hold 11,300 level amid weekly expiry and weaker global scenario; all eyes on Friday as RBI to announce monetary policy

Markets traded with higher volatility on Thursday, weaker global cues made adverse impact on the market but somehow the index managed to hold 11,250 and managed to close at 11,314.00 shading 45.90 points. Media and realty stocks traded with positive sentiments throughout the day, but metal and banks especially private banks showed weakness which dragged markets down. Niftybank closed at 28,414.10 that is 311.40 points lower from the previous day’s closing.

As per monthly option data, Put writing was seen on strikes ranging from 11,000 to 11,400 which shows Nifty is likely to take support in sub-11,200 zone. Call writing on higher strikes shows there will be congestion above 11,400, where Nifty may face resistance. Traders should continue keeping positive bias as...read more

Comments

Post a Comment

Popular posts from this blog

Brazil govt open to foreign aid for fighting Amazon fires: Spokesman

Image
The essential point is that this money, on entering Brazil, will be under the control of the Brazilian people An aerial view shows smoke rising over a deforested plot of the Amazon jungle in Porto Velho, Rondonia State, Brazil, in this August 24, 2019 picture taken with a drone.   Amazon rainforest : Brazil will accept foreign aid to help fight fires in the Amazon rainforest on the condition that the Latin American country controls the money, the president's spokesman said Tuesday. "The Brazilian government through President (Jair) Bolsonaro is open to receiving financial support from organizations and even countries," Otavio Rego Barros told reporters. "The essential point is that this money, on entering Brazil, will be under the control of the Brazilian people.
Read more

Will have a good time with Modi, says Trump before leaving for Houston

Image
The 90-minute music, dance, and multimedia show features close to 400 artists and community members from Texas and across the nation Howdy Modi : Looking forward to address 'Howdy, Modi' rally in Houston, US President Donald Trump said on Sunday that he and Prime Minister Narendra Modi will have a good time at the mega event. "We'll be going to Houston and we'll be at a very nice big stadium packed full of people with Prime Minister Modi," Trump told reporters on the South Lawns of the White House before he left for Houston, where he and Modi would address over 50,000 Indian-Americans. "He (Modi) asked if I would go with him and I've accepted and We're going to have a good time," Trump said minutes before he boarded Marine One from the White House lawns... read more
Read more

300 sixes and counting: Gayle achieves another swashbuckling feat in IPL

Image
South Africa's AB de Villiers (192 sixes) is the second batsman on the list of most number of sixes Sports News :  Chris Gayle, the West Indies left-handed batsman on Saturday became the first player in the Indian Premier League (IPL) to smash over 300 sixes in the tournament as he scored a quickfire knock of 40 runs for his team Kings XI Punjab against the Mumbai Indians. Gayle struck four sixes during his 24-ball knock to set up a successful run chase for Punjab who were able to defeat Mumbai Indians by eight wickets. The left-hander as a result of his four sixes took his sixes count to 302 in 114 innings in the IPL. Gayle hit two back-to-back sixes against Mumbai Indians pacer Mitchell McClenaghan to achieve this feat at Mohali. → Read our full coverage on  IPL 2019  ← South Africa's AB de Villiers is the second batsman on the list of most number of sixes. He has a total of 192 sixes in 131 IPL innings whereas Chennai Super Kings skipper MS Dhoni is on the...
Read more