Nifty outlook and top stock picks by CapitalVia: Buy Indian Oil Corp, HPCL

As per weekly option data, handful of call unwinding on higher strikes ranging from 10,000 to 10,300 can be seen which shows Nifty is losing its resistance in sub 10,200 zone.

Market bounced from its lower circuit; likely to face sharp volatility ahead
 

Market traded with volatility on Friday as it opened with negative sentiments and hit 10 percent lower circuit within a few minutes after opening, but it also recovered quite smartly from the lows of 8,555 and closed on a positive note. Rupee further weakened and closed at 74.0250. With volatile global markets, Indian indices too faced sharp recovery from intraday low. Nifty closed at 9,955.20 adding 365 points. PSU banks, metal stocks traded with positive sentiments whereas media stocks traded with red mark. Nifty bank closed at 25,166.45