Nifty outlook & trading ideas by Gaurav Garg of CapitalVia Global Research

Nifty index can witness profit booking only if it breaks level of 14,800

Market traded higher on firm global cues; 15,000 is make or break level to watch for

Market traded with bullish sentiments on firm global cues and managed to close with more than 1.20 per cent gains after benchmark indices closed higher amid bullish global cues on Thursday. Nifty closed 14,867.40 with a gain of 176.70-points. Metal, PSU banksand media stocks traded with positive sentiments whereas none of the stocks closed with a red mark. The Nifty Bank index closed at 33,858 adding 554.10 points from the previous day’s closing.
 

As per monthly option data, significant put writing on lower strikes