Business Standard
Web Exclusive

Nifty outlook and stock recommendations by CapitalVia: Buy RBL Bank, ONGC

As per monthly option data, a handful of put writing on higher strikes ranging from 9,900 to 10,200 is seen which shows Nifty might witness support in subzone of 10,000

Topics
Stock calls | Markets | Nifty Outlook

Gaurav Garg  |  Mumbai 

The stock of RBL Bank has taken support at its key moving average and has formed a bullish flag pattern
The stock of RBL Bank has taken support at its key moving average and has formed a bullish flag pattern

Nifty continue to mount on strong global sentiments; Nifty witnessed highest weekly closing in 15 weeks

Market traded with positive sentiments on Friday, advancing on firm global cues and short covering move. Nifty closed above 10,000 on weekly basis, which shows confidence in bulls for the next week due to monthly expiry for June series. Nifty managed to close at 10,244.40 adding 152.70 points. Reality, PSU banks and Media stocks closed with positive note, but technology and metal stocks closed in red mark. Nifty bank closed at 21,338.10 adding 381.80 points from the previous day’s closing.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, June 22 2020. 08:22 IST
RECOMMENDED FOR YOU
.