Top stock picks by CapitalVia: Buy Bandhan Bank, Motherson Sumi

Breakout from 240 would lead Bandhan Bank's stock to witness more upward movement

Market witnessed sharp short covering move, Nifty likely face resistance at 9,000
 

The market traded with positive sentiments and witnessed short covering move on Friday; volatility index came lower by 7.30 per cent. Nifty managed to close at 8745.45, adding 482 points. Rupee remained weak and closed at 75.1525. Technology, FMCG and metal sector traded with positive sentiments and no sector closed in red mark. Nifty bank closed at 20,317.60 adding 234.10 points to the previous day’s closing.
 

As per the weekly option data, handful of put writing on lower strikes, ranging from 8,000 to 8,500, is seen which shows