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Actionable: Buy TATA Global , HUL, Ramco Cement,

Actionable: Buy TATA Global , HUL, Ramco Cement,
January 13
05:04 2020

From Advisory Desk ; Vikash Sahay

13th December 2020 : Market Outlook: Ahead of Chinese delegate visiting US for signing the first phase of trade agreement, DOW was down by mere quarter percent, However Asian markets are trading half a percent higher and Japan market are closed for the day. SGX Nifty is quoting up by 43 points and We expect Nifty to continue to be in the trading range of 12100-12400.

Actionable: Buy TATA Global , HUL, Ramco Cement, , JK Cement, HDFC Bank, ICICI bank.

Update:
Insurance data for December 2019. Individual APE grew by 16%. HDFC life grew 46%, SBI Life grew 17% & ICICI Pru grew by 11%.
South based Cement companies will be taking a price hike in this week.

Result Monitor:
DMART – Above estimates
Infosys : In line with Estimate & Guidance has been raised

Global market:
DOW: -133
SGX NIFTY: +39 (prev.close 12291)
NIFTY 50 : 12256
Sensex : 41599

Institution:
FII: +578 Cr
DII: -252 Cr

Currency:
Dollar: $ 70.94

Commodity:
Gold: $1557 per ounce
Crude: $64.95 per barrel

Bonds:
10 year US bond rate: 1.82
10 year Indian Bond rate: 6.58

Derivative View – VIX closed at 14.07. Max Put OI is at 12200 then 12100 strike, while Max Call OI is at 12300 then 12500 strike. Option data indicate a wider 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 ICICI Bank, Ultratech Cement, Axis Bank, Voltas, Tata Global, Cummins, Indigo & Maruti.
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