Actionable: Buy Ambuja cement, ICICI Bank, Colpal

From Advisory Desk : Vikash Sahay

20th October 2020 : Market Outlook: Dow Jones ended 400 points in red as the Senate has only one day left to announce the additional stimulus, or else it would only happen after US election. However Dow future is up by 100 points. Asian markets are trading lower by half a percent. SGX Nifty is down by 40 points. We expect Indian markets to channelise as per announcement of corporate quarterly results and outcome of US elections.

Actionble: Buy Ambuja cement, ICICI Bank, Colpal

Global market:
DOW: -410
SGX NIFTY: -25 (prev.close 11909)
NIFTY 50 : 11873
Sensex : 40431

Institution:
FII: +1657 Cr
DII: -1622 Cr

NSE:
Advances: 1454 / Declines: 1192

Currency:
Dollar: $ 73.37

Commodity:
Gold: $1901 per ounce
Crude: $42.30 per barrel

Bonds:
10 year US bond rate: 0.77
10 year Indian Bond rate: 5.94

Today’s results announcement: HUL, Hindustan Zinc, L&T Infotech, CCL products, Granules india, Kajaria ceramics, Mahindra CIE.

Results update:
Above estimates: HDFC Life, ACC
Inline estimates: Britannia

Securities in Ban: IDEA, BHEL, JINDALSTEL, CANBK, SAIL, IBULHSGFIN, PNB, PVR, ESCORTS, TATA MOTORS, MINDTREE, NALCO.

Derivative View : VIX closed at 21.64. Max Put OI is at 11800 then 11700. Max Call OI is at 11200 then 12200. Option data suggests a trading range between 11700 to 12000

Leave a Reply

Your email address will not be published. Required fields are marked *