Nifty view & stock picks by CapitalVia: Buy Federal Bk, Jubilant FoodWorks

Nifty managed to hold 10,040; Markets ready to react to Federal Reserve meeting outcome

Market bounced sharply from intra-day low zone of 10,000 and 10,050 on mix global cues. Nifty managed to close above 10,000 ahead of weekly expiry and is likely to expire above this important level. Nifty managed to close at 10,116.20 adding 69.50 points. PSU banks, reality and private banks closed with positive note, but auto and metal stocks closed in the red mark. Nifty bank closed at 21,100.10, adding 375.20 points from the Tuesday’s closing.
 

As per weekly option data, handful of put writing on higher strikes