Top stock picks by CapitalVia Global Research: Buy Sun Pharma, Lupin

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

Indices traded in a close range on Friday; Nifty defends 9,200

Market traded with sideways sentiments through-out Friday but banking and financial stocks slipped in the second half. Nifty managed to close at 9,251.50, adding 52.45 points. FMCG, Pharma and technology stocks traded with positive sentiments whereas auto, PSU banks, metal sector closed in the red. Nifty bank closed at 19,352.90, slashing 138.90 points from the previous day’s closing.
 

As per the weekly option data, handful of put writing on lower strikes ranging from 8,800 to 9,100 is seen which shows Nifty would witness firm support in sub 9,000 zone.