21st January 2021, Market Outlook: Bulls welcome Biden as he sworns in for President, taking all wall street indices to close on life high. Asian markets too responded positively as they trade up by half a percent, including SGX Nifty too which is up by 60 points. FIIs are back with buying spree with 2300 cr in cash. Today Indian capital markets may create history, as Sensex is just 208 points away from 50,000 mark. Today being an weekly expiry, Nifty range is expected to be 14550-14750 and Bank Nifty to be 32000-33000.
Actionable: Buy Havells, Reliance & Cholamandalam
SGX NIFTY: +55 (prev.close 14644)
NIFTY 50 : 14644
Sensex : 49792
FII: +2289 Cr
DII: -865 Cr
Advances: 1541 / Declines: 1473
Dollar: $ 73.03
Dollar Index: 90.34
Gold: $1868 per ounce
Crude: $55.75 per barrel
10 year US bond rate: 1.09
10 year Indian Bond rate: 5.94
Today’s results announcement: Asian paints, Bajaj auto, Aavas financiers, Bandhan bank, Biocon, Cyient, IEX, JSPL, JK tyre, Kajaria ceramics, MCX, Mphasis, SBI Cards, SRF, Westlife development, Zensar technologies.
Above estimates: Havells india, Federal bank, Syngene, Hindustan zinc, sterlite technologies
Inline estimates: HDFC AMC
Below estimates: Bajaj finance
Reliance industries: SEBI on wednesday grants conditional approval to the future group and reliance retail deal with “no adverse observations” remark.
Siemens: Ola had tied up with Siemens to build its upcoming electric vehicles manufacturing facility in Tamilnadu. The mobility firm will have access to Siemens integrated digital twin design and manufacturing solutions
Securities in Ban: BHEL, IDEA, SAIL
Derivative View : VIX closed at 21.55. Max Put OI is at 14500 then 14600. Max Call OI is at 14700 then 14800. Option data suggests a trading range between 14500 to 14800.