Nifty Outlook and top trading ideas by CapitalVia Global Research Limited

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

Nifty View:
 

Markets closed on a weaker note ahead of announcement of IIP data on Thursday. Automobiles and reality sector witnessed major profit booking which led Nifty to close at 10,982.80 losing 52.90 points. But Banknifty gave a helping hand to overall market breadth which closed at 27,789.20 gaining 42.50 points.

As per option data for the next week, handful of put writing was seen on lower strikes ranging from 10,800 to 11,000 which will act as support for the weekly expiry. We can witness resistance on higher end at 11,000 and 11,200 as highest Open Interest (OI) stand on