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.
SGX NIFTY: -200 (prev.close 14988) (SGX nifty prev. close 46 points higher than Nifty 50 prev. close)
NIFTY 50 : 14942
Sensex : 49502
FII: +584 Cr
DII: -476 Cr
Advances: 2041 / Declines: 1073
Dollar: $ 73.35
Dollar Index: 90.30
Gold: $1837 per ounce
Crude: $67.95 per barrel
10 year US bond rate: 1.59
10 year Indian Bond rate: 6.01
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.