Nifty view and trading ideas by CapitalVia: Buy Asian Paints, Berger Paints

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

Market gained for second straight session; Nifty likely to hold 11,800 ahead of expiry
 

Markets traded with positive sentiments throughout the day on Wednesday and one should hold 11,800 which will act as an important level ahead of monthly expiry. Nifty closed at 11,844.10 adding 57.20 points. FMCG and IT stocks traded with positive sentiments throughout the day and gained most among indices. Nifty bank closed at 29,987.50 adding 220.03 points positive from the previous day’s closing.
 

As per monthly option data, handful of Put writing on strikes ranging from 11,800 and 11,850 which shows Nifty likely to take support