Actionable: Buy Dr Reddy, Whirpool, Persistent system

From Advisory Desk : Vikash Sahay

25th November 2020 : Market Outlook: Biden’s transition and Vaccine development led Dow Jones to close at life high, above 30,000 mark. Asian markets are up by half a percent. SGX Nifty up by 60 points. FIIs have bought INR 56,000 cr, with 3 days left in the month. Gold at $ 1800. The only index which is 8% away from life high is Bank Nifty.

Actionable: Buy Dr Reddy, Whirpool, Persistent system

Global market:
DOW: +454
SGX NIFTY: +60 (prev.close 13083)
NIFTY 50 : 13055
Sensex : 44523

Institution:
FII: +4563 Cr
DII: -2522 Cr

NSE:
Advances: 1604 / Declines: 1200

Currency:
Dollar: $ 74.00

Commodity:
Gold: $1808 per ounce
Crude: $48.30 per barrel

Bonds:
10 year US bond rate: 0.90
10 year Indian Bond rate: 5.88

Updates:

Ingersoll OFS: OFS opens for retail investors today after oversubscribed by 2.7 times by non- retail investors. For retail investors, additional 12% discount to the cut -off price. Cut-off price determined for non retail category is Rs.603.

Securities in Ban: ADANIENT, FEDERAL BANK, NALCO, SAIL, TATAMOTORS

Derivative View : VIX closed at 21.05. Max Put OI is at 12800 then 13000. Max Call OI is at 13200 then 13300. Option data suggests a trading range between 12800 to 13300

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