Top trading ideas by CapitalVia Global Research: Buy HCL Technologies, TCS

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

Nifty View:
 

Market somehow managed to hold the psychological check-post of 11,000 on Wednesday and closed at 11,118.00 after witnessing selling pressure from last two trading sessions. Benchmark index Nifty needs to hold the 11,000 mark for any hope for an upside recovery. Niftybank has tested its major weekly support in the zones of 28,500 -28,900 from where it bounced back and closed at 28,876.00.

As per the Option data, Nifty has witnessed Put writing at 11,000 strike which is a clear support level along with Call unwinding on a majority of out of the money strikes from which