Nifty Outlook & top trading ideas by CapitalVia: Buy Apollo Hospitals, M&M

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

Markets showed spectacular performance after 6-day losing streak ; PSU and private banks shines, Nifty regained its 200-EMA 
 

Markets recovered from lows smartly and traded with positive bias throughout the session despite weaker global cues, SBI’s slashing of interest rates on CASA and FD’s added flavor in today’s action. Nifty bounced from the critical levels of 11,080 and managed to close at 11,313.30 adding 186.90 points. Banks, finance stocks traded with positive sentiments throughout the day, and gained most among indices. IT stocks were weak as dollar slipped. Nifty bank outperformed and gave closed at 28,785.80 gaining 1018.25 points higher