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Nifty outlook, top stock picks by CapitalVia: Buy Dabur, United Breweries

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

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Gaurav Garg Mumbai
Nifty View
 
The market traded in a range on Friday with recovery from the lower levels. Some sort of recovery was also seen in Auto, Banking and NBFC space. Benchmark index Nifty closed at 11,284.30 but below its 200-day EMA for the second straight session. However, Nifty Bank managed to hold its 200-day EMA at 28,900 levels and closed at 29,325.30. As per Option data, Nifty has witnessed call writing at 11,300 strike which is a clear resistance level and fresh put writing at 11,200 which will act as a support. In the coming week, we can see a big

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First Published: Jul 29 2019 | 7:55 AM IST

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