Nifty outlook and top trading ideas by CapitalVia: Buy Eicher Motors, ITC

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

Nifty managed to hold 11,300 level amid weekly expiry and weaker global scenario; all eyes on Friday as RBI to announce monetary policy 
 

Markets traded with higher volatility on Thursday, weaker global cues made adverse impact on the market but somehow the index managed to hold 11,250 and managed to close at 11,314.00 shading 45.90 points. Media and realty stocks traded with positive sentiments throughout the day, but metal and banks especially private banks showed weakness which dragged markets down. Niftybank closed at 28,414.10 that is 311.40 points lower from the previous day’s closing.
 

As per monthly option data, Put