Insight Online News
From Advisory Desk : Vikash Sahay
7th January 2021 : Market Outlook- The Georgia runoff seems to be going the Democratic way. Dow Jones ended 450 points up and Dow futures is up by another 150 points. Asian markets are up by one percent. SGX Nifty is up by 75 points. Gold and Silver plunged by 2.5% because of rising treasury yield. After a long time, FIIs were net sellers in cash with 485 cr. Yesterday we witnessed that every dip in market is been bought. Today being a weekly expiry, we expect Nifty to be in a range of 14050-14300 and Bank Nifty in the range of 31400-32300.
Actionable: Buy Godrej Properties, Havells, Ultratech cement
SGX NIFTY: +70 (prev.close 14180)
NIFTY 50 : 14146
Sensex : 48174
FII: -484 Cr
DII: -380 Cr
Advances: 1526 / Declines: 1585
Dollar: $ 73.10
Gold: $1917 per ounce
Crude: $54.50 per barrel
10 year US bond rate: 1.04
10 year Indian Bond rate: 5.90
Real estate companies: Maharashtra government yesterday slashed premiums on construction by 50% till December 31, 2021, which will boost the real estate sector immensely across the state. Premiums are usually multiple charges that are levied by the state government which accounts as much as 25-35% of the total cost.
Dixon technologies: Company and boAt have entered into agreement to manufacture twin wireless speakers. boAt planning to shift its manufacturing from china to india, even though it’s a small revenue contribution but positive development as boAt gaining significant traction in consumer tech space
Securities in Ban: SAIL.
Derivative View : VIX closed at 20.99. Max Put OI is at 14000 then 14100. Max Call OI is at 14200 then 14300. Option data suggests a trading range between 14000 to 14300.