Actionable : Buy Bharti Airtel, HDFC Bank, Cholamamdalam finance

Insight Online News

From the Advisory desk : Vikash Sahay

13-Jan-2021 Market Outlook: US markets ended flat. Asian markets are up by a quarter percent and SGX Nifty is up by 40 points. As the dollar index cools down below 90, leading bond yields to recede. Crude is up to 11 month high. CPI at 4.6%, the lowest in 14 months. From here on, markets would be directed with quaterly results and upcoming union budget.

Actionable: Buy Bharti Airtel, HDFC Bank, Cholamamdalam finance

Global market:
DOW: +60
SGX NIFTY: +30 (prev.close 14600)
NIFTY 50 : 14563
Sensex : 49517

Institution:
FII: +571 Cr
DII: -1335 Cr

NSE:
Advances: 1664 / Declines: 1435

Currency:
Dollar: $ 73.26
Dollar Index: 89.92

Commodity:
Gold: $1860 per ounce
Crude: $57.15 per barrel

Bonds:
10 year US bond rate: 1.11
10 year Indian Bond rate: 5.93

Update:

CPI for the month of December at 4.59% vs 6.93% (MoM)

Bharti Airtel informs NSDL Of Receiving Govt Nod To Up FDI Limit To 100%

Stock in BAN : SAIL

Derivative: PCR: 0.85 and VIX: 22.38
On option front, minor Call writing at writing at 15000 while Put writing is seen at 14500 then 14400 strike. Option data suggests a immediate trading range in between 14300 to 14800 zones.

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