Actionable: Buy Asian Paints, ICICI Bank, Godrej properties

From Advisory Desk : Vikash Sahay

21st October 2020 : Market Outlook US markets closed with a gain of half a percent. Asian markets too are trading up by half a percent and SGX Nifty is up by 35 points. FIIs have bought stocks amounting to Rs 3100 cr in last two trading sessions. Going forward, Indian markets will look closely for quaterly result and US elections.

Actionble: Buy Asian Paints, ICICI Bank, Godrej properties

Cement sector: We have released a basket of stocks with their allocations.

Global market:
DOW: +113
SGX NIFTY: +40 (prev.close 11907)
NIFTY 50 : 11896
Sensex : 40544

Institution:
FII: +1585 Cr
DII: -1633 Cr

NSE:
Advances: 1326 / Declines: 1355

Currency:
Dollar: $ 73.46

Commodity:
Gold: $1924 per ounce
Crude: $42.90 per barrel

Bonds:
10 year US bond rate: 0.81
10 year Indian Bond rate: 5.93

Today’s results announcement: Ultratech, Bajaj Finance, Bajaj Finserve, Colpol, syngene, GMM Pfaulder, Chennai Petroleum, DB Corp, JK Tyres & Industries, KPIT
Technologies,Tejas Networks, VST Inds.

Results update:

Above estimates: Granules india, L&T Infotech, Hindustan Zinc
Inline estimates: HUL, IEX
Below estimates: Mahindra CIE

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

Derivative View : VIX closed at 22.69. Max Put OI is at 11800 then 11700. Max Call OI is at 12000 then 11900. Option data suggests a trading range between 11700 to 12000

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