Actionable: Buy HCL Tech, Axis Bank, Grasim
From the Advisory desk : Vikash Sahay
14-Jan-2021 Market Outlook: US markets ended flat and Asian markets are trading in mix, including SGX Nifty which is trading flat. FIIs bought Rs 1850 cr worth of stocks. Yesterday PSU Banks kept Nifty to close in green. After TCS; Infy and Wipro numbers announced stellar numbers. Today being a weekly expiry, we expect Nifty to be in the range of 14450-14650 and Bank Nifty in the range of 32000-33000
Actionable: Buy HCL Tech, Axis Bank, Grasim
Global market:
DOW: -8
SGX NIFTY: +15 (prev.close 14572)
NIFTY 50 : 14564
Sensex : 49492
Institution:
FII: +1879 Cr
DII: -2370 Cr
NSE:
Advances: 1209 / Declines: 1863
Currency:
Dollar: $ 73.14
Dollar Index: 90.43
Commodity:
Gold: $1835 per ounce
Crude: $55.90 per barrel
Bonds:
10 year US bond rate: 1.08
10 year Indian Bond rate: 5.95
Update:
Govt plans to sell up to 20.65cr shares, or 5% equity, in state-run SAIL through OFS today and tomorrow at a price at Rs64 a share (10% discount of CMP 74)
Indian Railway Finance sets IPO price band at Rs25-26 a share, IPO to be open on Jan 18 and close on Jan 20 worth Rs4600cr
Stock in BAN : SAIL and BHEL
Derivative: PCR: 1.01 and VIX: 23.29
On option front, minor Call writing at 14600 strike while Put writing is seen at 14100 then 14000 strike. Option data suggests an immediate trading range in between 14300 to 14800 zones
