Actionable: Buy Cipla, Tata Power & JK paper

From Advisory Desk : Vikash Sahay

11th June 2021
 
Market outlook: US markets closed flat despite US inflation spiked to 5%, which is highest in past 13 years and also higher than street estimate. However the bond yields receded to 1.46% as the street expects the inflation to shrink in next one quater. Asian markets started in mix, with SGX Nifty trading flat. Nifty is expected to remain in the current range of 15200-16000.

Actionable: Buy Cipla, Tata Power & JK paper

Global market:
DOW:  +19
SGX NIFTY:   +10  (prev.close 15775)
NIFTY 50 : 15737
Sensex : 52300

Institution:
FII:                      +1330 Cr
DII:                     -575 Cr

NSE:
Advances: 2427 / Declines: 770

Currency:
Dollar: $ 73.05
Dollar Index: 90.02

Commodity:
Gold: $1902  per ounce
Crude: $72.30  per barrel

Bonds:
10 year US bond rate: 1.44
10 year Indian Bond rate: 6.02

Derivative:
PCR: 0.92
VIX:  15.00
 
Securities in BAN: BHEL, CANBK, IBUHSGFIN, NALCO, SUNTV.
 
Derivative View : VIX closed at 15. Max Put OI is at 15700 then 15600. Max Call OI is at 16000 then 15800. Option data suggests a trading range between 15600 to 16000.

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