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Actionable: Buy ICICI Bank, Pidilite, Dabur India, JK Cement

Actionable: Buy ICICI Bank, Pidilite, Dabur India, JK Cement
February 13
06:02 2020

From Advisory Desk 13th February 2020

13th February 2020

Market Outlook: Globally, markets have discounted the Corona Virus effect and hence we have witnessed US markets closing on life time high and Asian markets were trading a quarter percent higher. SGX Nifty was trading flat in early trades. We expect the Nifty to be in the trading range of 12000-12400 and Bank Nifty weekly expiry range is expected to be between 31100-31900.

Actionable: Buy ICICI Bank, Pidilite, Dabur India, JK Cement

Tactical play: Buy BPCL as valuations look attractive, ahead of Government disinvestment for 2-3 months.

Result Update
Above Estimates: IRCTC (Results were above estimates and we expect the stock to rally upside), PI industries.
Inline Estimates: Hindalco
Below Estimate : Ashok Leyland, ABB India

Results Today: BPCL, Nestle, Apollo Hospitals, Vodafone Idea , Page Industries

Global market:
DOW: +275
SGX NIFTY: -4 (prev.close 12229)
NIFTY 50 : 12201
Sensex : 41565

Institution:
FII: +49 Cr
DII: +339 Cr

Currency:
Dollar: $ 71.33

Commodity:
Gold: $1573 per ounce
Crude: $55.97 per barrel

Bonds:
10 year US bond rate: 1.61
10 year Indian Bond rate: 6.47

Derivative View : VIX closed at 13.62. Max Put OI is at 12200 then 12100 strike, while Max Call OI is at 12200 then 12300 strike. Option data indicate a trading range between 12100 to 12300 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 Bharti Airtel, Pidillite, VIP and Mcdowell.

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Tarannum Naaz

Tarannum Naaz

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