Top stock picks by CapitalVia Global Research: Buy HDFC Bank, UPL

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

Market traded higher; Nifty facing stiff resistance at 10,500

Market traded with positive sentiments but failed to hold 10,500 on a closing basis. With mixed global markets, Indian markets managed to close on a flat note. Global markets traded higher as Bank of England slashed rates by half a per cent. Nifty closed at 10,548.40, adding 6.90 points. Media and private bank stocks traded with positive sentiments whereas public sector banks and realty stocks traded in the red. Nifty Bank closed at 26,487.80, adding 25.20 points from the previous day’s closing.

As per weekly option data, there is a handful