Nifty outlook and top trading ideas by CapitalVia Global Research

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

NIFTY VIEW

The RBI slashed repo rates by 35 basis points in its third bimonthly credit policy, announced yesterday. This, however, was not enough to drive markets higher and we witnessed sell-off in the second half. Weaker global cues along with gold prices surging to $1,500 in Comex proved to weigh stronger on the markets today. The market witnessed strong resistance at 11,000 and closed at 10,855.50 shading 92.80 points. The FIIs' selling spree continued with the figure reaching more than Rs 16,870 crores. The market is trying to hold on to its weekly 100-day EMA at 10,780. As per