Business Standard

Nifty outlook and top trading ideas by CapitalVia: Buy TCS, HCL Tech

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

markets
Web Exclusive Premium

markets

Gaurav Garg Mumbai
Market recovered from lower level; Nifty needs to hold 11,500 for further upside
 
Markets traded with volatility on October 24 but recovered smartly from day’s low of 11,490.75 and Nifty managed to hold 11,500 and this will act as crucial support for the Diwali truncated week. Surprisingly, SBI Q2 results impacted market which in turn helped market to close in the positive territory.
 
As per monthly option data, handful of Put writing on strikes can be seen ranging from 11,450 and 11,600 which shows Nifty likely to take support in this zone. But call writers were active on higher strikes

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 29 2019 | 7:53 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com