Nifty outlook and top trading ideas by CapitalVia: Buy Canara Bank, BoB

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

Market traded in range ahead of weekly expiry; Buy every dip keeping keen eye at 11,500
 

Markets traded higher on Wednesday on firm global cues. Markets traded in the narrow range of 11,600 to 11,700 ahead of expiry. Nifty managed to hold 11,600 which will act as crucial support for the next trading session. Nifty closed at 11,604.10 adding 15.70 points. Automobiles, PSU banks and IT stocks traded with positive sentiments throughout the day and gained most among indices. Nifty bank closed at 29,459.60 adding 48.40 points positive from the previous day’s closing.
 

As per monthly option data, handful of