Actionable : Buy Axis Bank, Cadilla & SAIL.

Insight Online News

From Advisory Desk : Vikash Sahay
 
Market outlook: US markets closed in mix. Asian markets are trading higher by half a percent and SGX Nifty is trading near to 14700. FIIs have sold stock amounting to Rs 5000 cr in the month so far. VIX is below 22. Today being a weekly expiry, we expect Nifty to be in the range of 14500-14800 and Bank Nifty to be in the range of 32250-33400.

Actionable: Buy Axis Bank, Cadilla & SAIL.
 
Global market:
DOW:  +97
SGX NIFTY:   +20  (prev.close 14693) (SGX nifty prev. close 76 points higher than Nifty 50 prev. close)
NIFTY 50 : 14617
Sensex : 48677

Institution:
FII:                     -1111 Cr
DII:                    -241 Cr

NSE:
Advances: 1795 / Declines: 1150

Currency:
Dollar: $ 73.91
Dollar Index: 91.27

Commodity:
Gold: $1787  per ounce
Crude: $69.05  per barrel

Bonds:
10 year US bond rate: 1.58
10 year Indian Bond rate: 5.98

Derivative:
PCR: 0.83
VIX:  21.96

Today’s results announcement: Heromotocop, Tata Consumer, Adani powers Adani transmission, Blue stars, Caplin point, Century textiles, Coforge, Credit access grameen, Praj industries, ICRA, IIFL finance,  Raymond, Solara active pharma, Hikal.

Results update:
Above estimates: Tata steel, Deepak nitrite.
Below estimates: CEAT

Updates:
 
Cipla: Roche india has received Emergency Use Authorization for its antibody cocktail in India. This EUA will how enable Rovhe to import the globally manufactured product batches to India and will be marketed as well as distributed in india through a strategic partnership with Cipla Ltd.
 
Wipro: The company has partnered with Transcell Oncologics to transform vaccine safety assessment using augmented intelligence.
 
Tata motors: CCI has ordered a detailed probe against Tata motors for alleged a use of dominant position with respect to dealership agreements.

Securities in BAN: SUNTV, TATACHEM.
 
Derivative View : VIX closed at 21.69. Max Put OI is at 14500 then 14400. Max Call OI is at 14700 then 14800. Option data suggests a trading range between 14400 to 14800.

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