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Actionable : Buy Maruti, Kotak Bank, Dr.Reddy & Infosys.

December 09
05:40 2019

From Advisory desk : Vikash Sahay

9th December 2019
Market Outlook: Dow Jones ended up by 1.3% due to strong job data and positive tweet by US diplomats about trade with China. European markets were also up by 1% on back of upcoming election and central bank policy, scheduled on Thursday.

Motilal Oswal

Asian markets including SGX Nifty were trading in green. We expect positive moves in Auto sector as the market leader “Maruti” has increased its production by 4.5% after an year. Domestic pharma sales was up by 14.5%, after a spam of 32 months. We expect Nifty to be in the range of 11850 -12200.

Actionable : Buy Maruti, Kotak Bank, Dr.Reddy & Infosys.

Global market:
DOW: +337
SGX NIFTY: -2 (prev.close 11954)
NIFTY 50 : 11921
Sensex : 40445

Institution:
FII: -868 Cr
DII: +211 Cr

Currency:
Dollar: $ 71.28

Commodity:
Gold: $1464 per ounce
Crude: $64.20 per barrel

Bonds:
10 year US bond rate: 1.84
10 year Indian Bond rate: 6.65

Updates :

Indian Pharma industry: After a dismal October, Indian Pharma records a growth of 14.5% in November 2019. One of the best growth rates in more than 32 months.

Dmart : As per media reports, Promoters of Avenue supermarts are in discussions with investment banks to sell 5.2% stake in company by Mar’20 to meet the minimum public shareholding of 25% as per SEBI requirement.

Maruti Suzuki: Maruti raises production by 4% in Nov at 1.41lacs after straight 9 months output cuts due to lower demand.

Derivative View: VIX closed at 13.64. Max Put OI is at 11900 then 11800 strike, while Max Call OI is at 12000 then 12100 strike. Option data suggests a trading range in between 11800 to 12100 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, Bharti Airtel & Kotak Bank.

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