Nifty outlook and stock recommendations by CapitalVia Global Research

Markets traded with volatility on Wednesday, but failed to climb the psychological 10,000-level. Nifty closed below 10,000 which might act as stiff resistance ahead of weekly expiry. Nifty managed to close at 9,881.15, down 32.45 points from previous day close. Media, auto and reality stocks closed on a positive note, but financial services and metal stocks closed in the red zone. Nifty bank closed at 20,201.80, slashing 94.90 points from the previous day’s closing.
 

As per weekly option data, handful of put writing on higher strikes ranging from 9,700 to 9,900 is seen, which shows Nifty might witness support in