Actionable: Buy Divis Lab, Infosys, Ultratech.

From Advisory Desk : Vikash Sahay

07th October 2020

Market Outlook: US markets gave up the intraday gains in the last hour of trade and closed 1.5℅ lower after President Trump cited to end talks of stimulus until after the election. This kept Asian markets to trade in mix. SGX Nifty is trading up marginally by 30 points and at the level of 11700. We expect markets to see some profit booking after a run of 900 points in last seven sessions.

Actionable: Buy Divis Lab, Infosys, Ultratech.

Today’s results announcement: TCS

Global market:

DOW: -375
SGX NIFTY: +30 (prev.close 11675)
NIFTY 50 : 11662
Sensex : 39574

Institution:
FII: +1102 Cr
DII: -935 Cr

NSE:
Advances: 1512 / Declines: 1196

Currency:
Dollar: $ 73.45

Commodity:
Gold: $1883 per ounce (down 1.35%)
Crude: $41.95 per barrel ( down 1.65%)

Bonds:
10 year US bond rate: 0.74
10 year Indian Bond rate: 6.03

Update:

Dixon technologies: Govt had approved 16 eligible applicants under PLI scheme for large scale electronics manufacturing. Dixon’s subsidiary arm padget electronics selected under domestic category.

Reliance Industries: Abu Dhabi Investment Authority (ADIA) to invest Rs 5,512.5 crore in Reliance Retail for 1.20% equity stake.

Securities in Ban: VEDL, IDEA

Derivative View : VIX closed at 19.64 Max Put OI is at 11500 then 11000. Max Call OI is at 11800 then 12000. Option data suggests a trading range between 11400 to 11800.

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