Actionable: Buy Deepak Nitrate, MindTree, Cadila.

From Advisory Desk : Vikash Sahay

1st July 2021
 
Market outlook: Nifty closed below 20 DMA,  as Bank Nifty caused Nifty to loose intraday gains. However we see stock specific action to continue. Today being a weekly expiry, Nifty is expected to be in the range of 15600-15850 and Bank Nifty to be in the range of 34250-35250. FIIs have sold over Rs 7000 cr in last seven trading session. SGX nifty is flat, US markets were marginally in green and Asian markets have started trading slightly lower, ahead of China’s PMI data release. Today onwards, monthly Auto sales numbers would be released.

Actionable: Buy Deepak Nitrate, MindTree, Cadila.
 
Global market:
DOW:  +210
SGX NIFTY:   +1  (prev.close 15747)
NIFTY 50 : 15721
Sensex : 52482

Institution:
FII:                      -1647 Cr
DII:                     +1520 Cr

NSE:
Advances: 1655 / Declines: 1580

Currency:
Dollar: $ 74.32
Dollar Index: 92.41

Commodity:
Gold: $1771  per ounce
Crude: $74.90  per barrel

Bonds:
10 year US bond rate: 1.46
10 year Indian Bond rate: 6.05

Derivative:
PCR: 0.88
VIX:  13.04
 
Updates:
 
Cadila healthcare: Company applies to the DCGI for Emergency use approval to launch ZyCoV-D vaccine for Covid-19 which demonstrates safety and efficacy in the interim data. Company plans to manufacture 10-12 crore doses annually.

Securities in BAN: NALCO.
 
Derivative View : VIX closed at 13.04. Max Put OI is at 15700 then 15600. Max Call OI is at 15900 then 15800. Option data suggests a trading range between 15600 to 15900.

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