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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

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.



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First Published: Mon, June 22 2020. 08:22 IST