From Advisory Desk : Vikash Sahay
15th September 2020 : Market Outlook: US markets closed with a gain of more than a 1% ahead of FED policy announcement, which is scheduled later this week. However, Asian markets are trading in mix, including SGX Nifty which was trading in green with a mere 15 points. Yesterday Nifty gave up the early gains contributed by IT stocks as the Banking stocks saw sell-off in the last hour of trade. Markets on the higher level have been witnessing selling pressure and hence one should remain stock specific.
Actionable: Buy Escorts, SRF & Lauras Lab
SGX NIFTY: +15 (prev.close 11454)
NIFTY 50 : 11440
Sensex : 38756
FII: +298 Cr
DII: -120 Cr
Advances: 1832 / Declines: 926
Dollar: $ 73.47
Gold: $1973 per ounce
Crude: $39.65 per barrel
10 year US bond rate: 0.67
10 year Indian Bond rate: 6.03
Security in Ban : ADANIENT, ESCORTS, IBULHSGFIN, CANBK, BHEL, JINDALSTEL, BANKBARODA, VEDL.
Derivative View: VIX closed at 21.19. Max Put OI is at 11400 then 11300. Max Call OI is at 11600 then 11700. Option data suggests a wider trading range between 11300 to 11700.