Actionable: Buy DLF, Hindalco, Tata chemicals.

Insight Online News

From Advisory Desk : Vikash Sahay

12th January 2021

Market Outlook: US markets recovered from initial hour lows and closed in positive led by tech shares after bond yields fell following as investors absorbed testimony from Fed chairman. Asian markets have started in positive, with SGX Nifty is trading higher by 110 points. On domestic front, Nifty sustaining well above 18000 mark which shows strength in the markets. We remain positive on markets and expects the ongoing momentum to continue. Today, CPI numbers would be released after market hours. IT stocks will be in focus ahead of quarterly results from major companies today. Govt aiming to file LIC IPO prospects in the last week of this month.

Actionable: Buy DLF, Hindalco, Tata chemicals.

Global market:
DOW:  +183
SGX NIFTY:   +110  (prev.close 18091)
NIFTY 50 : 18055
Sensex : 60616

Institution:
FII:                     +112 Cr
DII:                    +379 Cr

NSE:
Advances: 1914 / Declines: 1531

Currency:
Dollar: $ 73.90
Dollar Index: 95.60

Commodity:
Gold: $1819  per ounce
Crude: $83.80  per barrel

Bonds:
10 year US bond rate: 1.74
10 year Indian Bond rate: 6.57

Derivative:
PCR: 0.94
VIX:  17.75

Today’s results announcement: TCS, Infosys, Wipro.

Updates:

DLF: Company has clocked sales worth approx 1500 crores for towers in the first phase of the newly launched luxury residential project, ONE Midtown, in New delhi.

Securities in Ban: Delta Corp, IBULHSGFIN, IDEA, RBL Bank .

Derivative View : VIX closed at 17.75. Immediate max Put OI is at 17900 then 18000. Max Call OI is at 18200 then 18100. Option data suggests a trading range between 17900 to 18200.

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