Nifty outlook & top stock recommendations by CapitalVia: Buy IGL, Siemens

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

Market rallied as broader indices gain; Nifty regained 12,000 mark
 

Market opened with gap-up and managed to trade higher due to strong global cues as Donald Trump ensured a big trade deal with India. Nifty closed at 12,125.90 gaining 133.40 points. All sectoral indices closed with green mark and witnessed broad based buying. Nifty bank closed at 30,838.20 adding 275.70 points to the previous day’s closing.
 

As per weekly option data, handful of put writing on lower strikes ranging from 12,000 to 12,200 is seen which shows Nifty is witnessing firm support in sub -12,100 zone. Traders should try to