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Nifty outlook and trading ideas by CapitalVia: Buy Adani Power, Adani Ports

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

Image: iSTOCK
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Image: iSTOCK

Gaurav Garg Mumbai
Markets traded volatile as Nifty managed to hold 11,200: Nifty likely to taste 11,500 soon
 
Markets traded with volatility on October 11, Friday, backed by the announcement of quarterly results for IT majors. Nifty is trading near its 200-day EMA which stands at 11,242 and has managed to hold this critical level. The index closed at 11,305 adding 70.50 points. IT, metal and reality stocks traded with positive sentiments throughout the day and gained the most among the indices.
Nifty bank remained flat and gave a close at 28,042.50 gaining 29.05 points positive from the previous day’s closing.
 
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