From Advisory Desk : Vikash Sahay
14th October 2020 : Market Outlook, The delay in passage of additional stimulus by Democrat’s and Republican’s kept the US markets to closed in red by half a percent. Asian markets too was trading lower by half a percent. SGX Nifty is down by 50 points. QGold slides below Rs 50,000/-. Yesterday pharma gave up the gains in the last hour of trade. Nifty below 11850 will reverse the trend. Hence we remain cautious at this level.
Actionble: Buy Ambuja Cement, Info edge, HCL tech.
SGX NIFTY: -45 (prev.close 11941)
NIFTY 50 : 11934
Sensex : 40625
FII: +832 Cr
DII: -1674 Cr
Advances: 1137 / Declines: 1513
Dollar: $ 73.36
Gold: $1896 per ounce
Crude: $42.30 per barrel
10 year US bond rate: 0.73
10 year Indian Bond rate: 5.90
Today’s results announcement: Infosys, Tata Elxsi
Derivative View : VIX closed at 20.71. Max Put OI is at 11600 then 11800. Max Call OI is at 12000 then 12200. Option data suggests a trading range between 11600 to 12200