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Nifty outlook and top trading ideas by CapitalVia Global Research

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

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2 min read Last Updated : Jan 30 2020 | 8:01 AM IST

Markets traded with positive sentiments on Wednesday as bulls took charge; Nifty settled above 12,100

The markets opened with gap-up and traded with positive note and remained range bound throughout the session on Wednesday with higher volatility which pushed Nifty above 12,100. The index closed above its 50-day EMA at 12,129.50, adding 73.70 points. FMCG, Metal and Auto stocks traded with positive sentiments through the day whereas, pharma stocks witnessed some pressure. Nifty bank closed at 30,877, adding 115.60 points from the previous day’s closing.

As per weekly option data, handful of put writing on lower strikes ranging from

Topics : Nifty Outlook Markets Sensex Nifty50 stocks technical analysis technical analysis Asian Paints

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