Actionable: Buy Happiest mind, HCL tech, SAIL & Tata power.

From Advisory Desk : Vikash Sahay

9th August 2021

Market Outlook: Global markets have opened marginally negative and so is the indication of SGX Nifty due to the concern of rising covid cases. Gold and silver corrected by 3% on back of good economic data from US, the precious metals have corrected. Last week, Nifty broke the earlier resistance of 15900 and entered in new bullish zone. One can expect stock specific action to continue in the market.

Actionable: Buy Happiest mind, HCL tech, SAIL & Tata power.

Nuvoco Vistas Corp ltd (Subscribe for long term): IPO opens today for subscription and closes on 11th August, 2021. IPO issued at a price band of Rs.560-570 per share.

IPO Listing: Rolex Rings shares to start trading in exchanges today after oversubscribed by 130 times.

Global market:
DOW:  +144
SGX NIFTY:   -40  (prev.close 16268)
NIFTY 50 : 16238
Sensex : 54277

Institution:
FII:                       -69 Cr
DII:                      -631 Cr

NSE:
Advances: 1763 / Declines: 1453

Currency:
Dollar: $ 74.16
Dollar Index: 92.81

Commodity:
Gold: $1738  per ounce
Crude: $69.20  per barrel

Bonds:
10 year US bond rate: 1.31
10 year Indian Bond rate: 6.23

Derivative:
PCR: 0.93
VIX:  12.60

Today’s results announcement: Shree cement, Indian hotels, MRF, Balrampur chinni, AstraZeneca, Bombey dyeing, Chemcon speciality, Ckean science and technology, Gati, Gujarat state Petronet, Laxmi organics, Nilkamal, Shalby, Suven lifesciences, Subex, Shankara building, Venky’s.

Results update:
Above estimates: Tata power, Hindalco, M&M, Balkrishna industries, Bank of Baroda, Alkem, AU small finance bank,
Inline estimates: Divis labs, Muthoot finance, SAIL
Below estimates: DCB bank, Voltas, BEL, Torrent power, Zee entertainment, Nalco, Strides pharma

Securities in BAN: CANBK, IBULHSGFIN, NALCO, RBL BANK, SUNTV, SAIL.

Derivative View : VIX closed at 12.60. Max Put OI is at 16000 then 16200. Max Call OI is at 16300 then 16400. Option data suggests a trading range between 16000 to 16400.

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