Actionable: Buy Deepak Nitrate, Route Mobile, Mphasis,

From Advisory Desk : Vikash Sahay

2nd July 2021
 
Market outlook: Over the last few trading session, Nifty is trading in very close range of 15700-15900, with stock specific actions. Nifty Auto has come to light after strong June auto sales number. However, FIIs still remain sellers over the last seven trading session, amounting to Rs 8500 cr. US markets closed on record high and Asian markets are up by half a percent, with SGX Nifty up by mere 20 points.

Actionable: Buy Deepak Nitrate, Route Mobile, Mphasis,

Global market:
DOW:  +131
SGX NIFTY:   +15  (prev.close 15727)
NIFTY 50 : 15680
Sensex : 52318

Institution:
FII:                      -1245 Cr
DII:                     +881 Cr

NSE:
Advances: 1594 / Declines: 1616

Currency:
Dollar: $ 74.56
Dollar Index: 92.59

Commodity:
Gold: $1778  per ounce
Crude: $75.90  per barrel

Bonds:
10 year US bond rate: 1.46
10 year Indian Bond rate: 6.04

Derivative:
PCR: 0.85
VIX:  12.84
 
Securities in BAN: NALCO.
 
Derivative View : VIX closed at 12.84. Max Put OI is at 15700 then 15500. Max Call OI is at 15900 then 16000. Option data suggests a trading range between 15500 to 16000.

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