Actionable: Buy CDSL & Power Grid.

Insight Online News

From the Advisory desk : Vikash Sahay

17-May-2021 Market outlook: Dow futures and Asian market are trading in red by half a percent and SGX nifty is trading 50 points higher as their is fall in covid cases. VIX has also corrected from the high to the level of 20 and we see limited downside on nifty, but stock specific action would be there.

Actionable: Buy CDSL & Power Grid.

Global market:
DOW: +360
SGX NIFTY: +50 (prev.close 14710)
NIFTY 50 : 14677
Sensex : 48732
 
Institution:
FII: -2608 Cr
DII: +613 Cr

NSE:
Advances: 1371 / Declines: 1724

Currency:
Dollar: $ 73.28
Dollar Index: 90.37
 
Commodity:
Gold: $1852 per ounce
Crude: $68.95 per barrel
 
Bonds:
10 year US bond rate: 1.63
10 year Indian Bond rate: 5.99

Derivative:
PCR: 0.86
VIX: 20.26

Results to be announced– Bharti Airtel, Colgate, Federal Bank, Gland Pharma, GNFC, IndoCount, MRPL, Orient Cement, Shakti Pumps, Sun Pharma Advance and Wabco India

Update:

Dr Reddy – Company started a soft launch of Russia’s Sputnik V Covid-19 vaccine in India as part of a limited pilot. It received regulatory clearance from India’s Central Drugs Laboratory on May 13.

Derivative View : VIX closed at 20.26. Max Put OI is at 14500 then 14600. Max Call OI is at 15000 then 14900. Option data suggests a trading range between 14500 to 15000.

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