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Actionable – Buy HUL, Tata Steel, NIIT Tech & L&T Fin

January 14
03:43 2020

From Advisory Desk; Vuikash Sahay

As US-China move closer to ink the phase one of trade agreement and the tension in Middle East recedes DOW Was up by a quarter percent higher, Asian markets are trading up by half a percent and SGX Nifty is trading up by 30 points. We expect Nifty to be in the new trading zone of 12200-12500. As always We have been first to recommend cement stocks which continues to perform.

We have Buy on Ultratech Cement, Ramco cement and JK Cement for investment at this level too. As a technical play one can Buy Birla Corp at cmp of 700 with a stop of 670 and target of 775

Motilal Oswal

Actionable – Buy HUL, Tata Steel, NIIT Tech & L&T Fin
Results Update:

Tata Elxsi- Numbers inline with expectation.
Delta Corp- Numbers lower than expectation.

Quarterly results for today – MindTree, Wipro, IndusInd Bank, Bandhan Bank.

CPI Inflation jumped for the month of December at 7.35% due to Food inflation at 14.2%.

Global market:
DOW: +83
SGX NIFTY: +24 (prev.close 12358)
NIFTY 50 : 12329
Sensex : 41859

Institution:
FII: +68 Cr
DII: +47 Cr

Currency:
Dollar: $ 70.85

Commodity:
Gold: $1539 per ounce (dwn 0.75%)
Crude: $64.40 per barrel

Bonds:
10 year US bond rate: 1.84
10 year Indian Bond rate: 6.59

Derivative View – VIX closed at 14.27. Max Put OI is at 12300 then 12200 strike, while Max Call OI is at 12400 then 12500 strike. Option data indicate a trading range between 12200 to 12500 zone.

Vikash Ranjan Sahay, Founder & CEO , Value Management Solution P Ltd, (Exclusive Business Partner of MotiLal Oswal)

Mr. Vikash Sahay can be contacted at +91 9471133334

Actionable: Buy TATA Global , HUL, Ramco Cement,
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Fayim Md

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