Nifty outlook and top trading ideas by CapitalVia: Buy TVS Motors, RIL

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

Ahead of expiry, Market traded lower on Wednesday ahead of expiry; Nifty may test level of 11,700 
 

Market traded with negative sentiments throughout the day on Wednesday on weaker global cues along with a weaker currency. Nifty closed at 11,840.45 shading 73 points. Media, PSU banks traded with red mark throughout the day and were the biggest losers among indices. Nifty bank closed at 30,541.50 losing 574 points from the previous day’s closing.
 

As per weekly option data, handful of Put unwinding on strikes ranging from 11,850 to 12,000 which shows Nifty is witnessing weakening support in the zone of