Top Trading Ideas by CapitalVia: Buy Godrej Prop, sell Hindustan Unilever

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

Nifty View
 

The markets continued to bleed on Wednesday in response to the not-so-market friendly Union budget that was announced last week. The bears continue to be powerful and Nifty50 showed subdued activity with the span of trading being roughly 120 points. We find the support level to be in the zone of 11,400 to 11,500 and major resistance at 12,000.
 

BankNifty was seen to be stronger in comparison to Nifty 50. The bearish trend, however, with the maximum volatility was witnessed in the Realty Sector. We expect the market to continue absorbing the after-effects of the budget announcement with