Top trading ideas by CapitalVia: Buy Indiabulls Housing Finance, BPCL

Indiabulls Housing Finance's stock is witnessing a reversal pattern on daily charts

Indices moved sharply on Thursday; Nifty closed at month high above 9,800-mark
 

Market traded with positive sentiments throughout Thursday's session and rallied up to 9,900, led by sharp short covering along with strong global markets cues. Nifty managed to close at 9,859.90, adding 306.55 points. Auto, technology sector traded with positive sentiments whereas Pharma and media sector closed in the red. Nifty bank closed at 21,534.50, adding 444.30 points from the previous day’s closing.

As per weekly option data, handful of put writing on lower strikes ranging from 9,500 to 9,800 is seen which shows Nifty would witness firm support