Actionable: Buy Bharti Airtel, Axis Bank, Sun Pharma

Insight Online News

From Advisory Desk : Vikash Sahay

4th February 2021 Market Outlook: US markets ended flat. Asian markets were trading in mix. SGX Nifty is in green by 32 points. FIIs were the buyers with 2500 cr. Nifty has surged 10% in last 3 trading session. We remain bullish on Indian market with a long term view. Today being a weekly expiry, we expect Nifty to be in the range of 14650-14900  and Bank Nifty in the range of 34200-35200.

Actionable: Buy Bharti Airtel, Axis Bank, Sun Pharma 

Global market:
DOW:  +36
SGX NIFTY:   +5  (prev.close 14828)
NIFTY 50 : 14789
Sensex : 50255

Institution:
FII:                   +2521 Cr
DII:                   -400 Cr

NSE:
Advances: 1738 / Declines: 1241

Currency:
Dollar: $ 72.96
Dollar Index: 91.11

Commodity:
Gold: $1833  per ounce
Crude: $58.50  per barrel

Bonds:
10 year US bond rate: 1.14
10 year Indian Bond rate: 6.08

Derivative:
PCR: 1.00
VIX:  23.74

Today’s results announcement: SBI, NTPC, Heromotocop, Godrej properties, Container corporation, HPCL, REC, Tata power, Zee entertainment, Dalmia bharat, IPCA labs, Godrej agrovet, Avanti feeds, Adani power, Adani transmission, Arvind, Brigade enterprises, Bajaj electricals, Gillete, GNFC, Godrej Phillips, Stride pharma.

Results update:
Above estimates: Apollo tyres, Sequent scientific, Astral poly, Bharti airtel, Hindalco( Novelis), p&g hygiene, Adani green, Bajaj Consumer, V-guard
Inline estimates: Thermax, Jubilant foodworks, City union bank
Below estimates: Ujjivan small finance bank, Indian hotels, Inox leisure, Quick heal.

Updates:

HAL: The company officially received an order from government worth of Rs. 48000 cr for procuring 83 LCA Tejas aircrafts.

HCL technologies: The company has announced global strategic alliance with Alteryx to accelerate analytics automation and digital transformation for Global 2000 enterprises.

Securities in Ban: SAIL.

Derivative View : VIX closed at 23.74. Max Put OI is at 14500 then 14700. Max Call OI is at 15000 then 15100. Option data suggests a trading range between 14500 to 15100.

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