From Advisory Desk ; Vikash Sahay
31st May 2021 Market outlook: Asian markets are trading in red by half a percent and SGX Nifty is down by 50 points. Nifty is at all time high, but bank nifty is still 2500 points away from that life high. Over the weekend, government announced an additional stimulus to covid hit sectors and also indicated the production of vaccine to be risen to 12 cr in June. Thus it will have a positive impact on markets.
Actionable: Buy Divis Lab, M&M, Grasim.
Global market:DOW: +64SGX NIFTY: -70 (prev.close 15492)NIFTY 50 : 15435Sensex : 51422Institution:FII: +914 CrDII: +1275 CrNSE:Advances: 1377 / Declines: 1756Currency:Dollar: $ 72.44Dollar Index: 90.02Commodity:Gold: $1909 per ounceCrude: $68.95 per barrelBonds:10 year US bond rate: 1.5910 year Indian Bond rate: 6.00Derivative:PCR: 0.85VIX: 17.36Today’s results announcement: Aurobindo pharma, Chemcon chemicals, Honeywell Automation, Ingersoll, Kolte patil developers, Magma fincorp, Man industries, Narayana hrudayalaya, Shilpa medicare.Results update:Above estimates: M&M, V-Mart retailInline estimates: Divis labs, Bank of Baroda, GlenmarkBelow estimates: IPCA labs, Indian bank.Securities in BAN: SUNTV. Derivative View : VIX closed at 17.40. Max Put OI is at 15300 then 15000. Max Call OI is at 15500 then 15800. Option data suggests a trading range between 15000 to 15800.