Actionable : Buy Glenmark, Solara Active, Tata Power.

Insight Online News

From Advisory Desk : Vikash Sahay

Market outlook: Dow futures is trading lower by a quater percent. Asian markets are trading in red by over one percent and SGX Nifty is trading 225 points lower at 14750. Domestic pharma sales is up 51% YoY which makes pharma stocks more attractive. Also, metals globally have seen demand picked up. Hence metals and pharma stocks will continue to see demand.

Actionable: Buy Glenmark, Solara Active, Tata Power.

Global market:
DOW:  -34
SGX NIFTY:   -200  (prev.close 14988) (SGX nifty prev. close 46 points higher than Nifty 50 prev. close)
NIFTY 50 : 14942
Sensex : 49502

Institution:
FII:                      +584 Cr
DII:                      -476 Cr

NSE:
Advances: 2041 / Declines: 1073

Currency:
Dollar: $ 73.35
Dollar Index: 90.30

Commodity:
Gold: $1837  per ounce
Crude: $67.95  per barrel

Bonds:
10 year US bond rate: 1.59
10 year Indian Bond rate: 6.01

Derivative:
PCR: 0.90
VIX:  20.22

Today’s results announcement: Godrej Consumer, Siemens, Alembic, BASF india, Dishman Carbogen, Granules india, Kalpataru power transmission, KEC international, Linde india, Mahindra EPC.

Securities in BAN: NALCO, PNB, SUNTV.
 
Derivative View : VIX closed at 20.22. Max Put OI is at 14500 then 14800. Max Call OI is at 15200 then 15000. Option data suggests a trading range between 14500 to 15200.

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