Latest News Site

News

Actionable: Buy ICICI Bank, Bharti Airtel, MGL, Dabur,

Actionable: Buy ICICI Bank, Bharti Airtel, MGL, Dabur,
January 27
05:06 2020

From Advisory Desk : Vikash Sahay

27th January 2020

Market Outlook: US markets ended lower on Friday. Most of the Asian markets were closed (Lunar New Year Holidays) or trading lower due to rising fears of deadly virus after the death toll rises in China. SGX Nifty was trading down by 110 points, when reported. However, China extended the Lunar New Year Holidays to Feb 2nd from Jan 30th to curb the spreading Coronavirus. We suggest buy on dips strategy to benefit from any sharp fall in market due to global issues. We expect Nifty to trade in the range of 12100-12350 for the current series.

Actionable: Buy ICICI Bank, Bharti Airtel, MGL, Dabur,

Results Update :
Above Estimates : ICICI Bank
Inline Estimates : UltraTech
Below Estimates : JSW Steel, DCB Bank, Bank of Baroda

Announcement of Results Today :HDFC Ltd, Dr Reddy’s Labs, InterGlobe Aviation, United spirits
Global market:
DOW: -170
SGX NIFTY: -112 (prev.close 12272)
NIFTY 50 : 12248
Sensex : 41613

Institution:
FII: +659 Cr
DII: +418 Cr

Currency:
Dollar: $ 71.33

Commodity:
Gold: $1580 per ounce
Crude: $59.40 per barrel (down 2%)

Bonds:
10 year US bond rate: 1.68
10 year Indian Bond rate: 6.58

Update :

Cipla: USFDA issued 483 form with 4 observations for its Bommasandra API Plant in Bangalore. Negative for Cipla

Siemens: To acquire 99.2% stake in C&S electric for a cash consideration of Rs.2120cr. C&S acquisition not the best use of cash. Downgraded to Neutral

Derivative View : VIX closed at 15.56. Max Put OI is at 12200 then 12000 strike, while Max Call OI is at 12300 then 12500 strike. Option data indicate a trading range between 12000 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 Reliance Industries, Nestle, ICICI Bank
TBZ
G.E.L Shop Association
Novelty Fashion Mall
Status
Akash
Swastik Tiles
Reshika Boutique
Paul Opticals
Metro Glass
Krsna Restaurant
Motilal Oswal
Chotanagpur Handloom
Kamalia Sales
Home Essentials
Raymond

About Author

Fayim Md

Fayim Md

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Only registered users can comment.

Sponsored Ad

SPONSORED ADS SPONSORED ADS SPONSORED ADS SPONSORED ADS SPONSORED ADS

LATEST ARTICLES

    Rajnath strongly rebukes politics of communalism

Rajnath strongly rebukes politics of communalism

Read Full Article