Actionable: Buy Bharti Airtel, ICICI Bank, Tech Mahindra.

Insight Online News

From Advisory Desk : Vikash Sahay

24th November 2021

Market Outlook: Dow Jones ended higher by a half percent on back of gains in cyclical sectors while NASDAQ100 continue to fall due to rising bond yields. Asian markets have started in mix, with SGX Nifty is trading higher by 50 points. On account of Thanks giving day, US markets will be closed tomorrow. US 10-year bond yields spiked to one month high which is trading at 1.66%. Yesterday, we saw a good pullback into broader market in the second half of the day, with strong advance decline ratio of 5:1 at close. Overall, markets may remain volatile for short term however stock specific action will continue.  

Actionable: Buy Bharti Airtel, ICICI Bank, Tech Mahindra.

Global market:
DOW:  +194
SGX NIFTY:   +50  (prev.close 17509)
NIFTY 50 : 17503
Sensex : 58664

Institution:
FII:                    -4477 Cr
DII:                   +1412 Cr

NSE:
Advances: 2396 / Declines: 865

Currency:
Dollar: $ 74.42
Dollar Index: 96.54

Commodity:
Gold: $1794  per ounce
Crude: $82.45  per barrel

Bonds:
10 year US bond rate: 1.65
10 year Indian Bond rate: 6.36

Derivative:
PCR: 0.86
VIX:  18.01

Securities in Ban:  ESCORTS, IDEA.

Derivative View : VIX closed at 17.52. Max Put OI is at 17500 then 17300. Max Call OI is at 17800 then 17600. Option data suggests a trading range between 17300 to 17800.

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