Top trading ideas by CapitalVia : Buy BPCL, Sell Britannia Futures

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

Nifty View:
 

Markets started this week with a massive sell-off due to weaker automobile sales along with weak GDP data. On Wednesday, however, market saw smart recovery from lows and managed to close with marginal gains of 46.80 points at 10,844.70. Niftybank showed more strength with gains of 1.12 percent at 27,123.80. As per option data, huge put writing was witnessed on lower strikes ranging from 10,700 to 10,800 which will act as support for the this truncated weekly expiry. We can witness resistance on higher end at 10,900 and 11,000 as highest OI stand on these strikes. We should