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

Market traded higher on Friday for the straight eighth session; Nifty closed at a record high
 

Market traded with positive sentiments on strong global cues and strong inflows from FIIs. Nifty closed at 12,271.80, adding 12.10 points. PSU banks, media and metal stocks traded with positive sentiments throughout the day and gained the most among  indices. Nifty bank closed at 32,385, adding 143.50 points from the previous day’s closing.
 

As per weekly option data, handful of Put writing was done on lower strikes ranging from 12,200 to 12,250 which shows Nifty is witnessing good support in sub-12,200 zones. Call writing