Actionable : Buy HCL Tech & BEL

From Advisory Desk : Vikash Sahay

18th December 2020 : Market Outlook ; US markets ended in green with 150 points. However Dow futures is trading in red with 60 points. Asian markets are trading flat to negative. SGX Nifty is flat. Gold and silver rallied 2% and 4% respectively. Dollar index slipped below 90 level. FIIs have bought over Rs 1 lac crore in cash market, the highest ever.

Actionable: Buy HCL Tech & BEL

Global market:
DOW: +148
SGX NIFTY: +25 (prev.close 13744)
NIFTY 50 : 13740
Sensex : 46890

Institution:
FII: +2355 Cr
DII: -2494 Cr

NSE:
Advances: 1376 / Declines: 1605

Currency:
Dollar: $ 73.60

Commodity:
Gold: $1885 per ounce
Crude: $51.35 per barrel

Bonds:
10 year US bond rate: 0.93
10 year Indian Bond rate: 5.95

Updates:

IT Companies: Accenture reported strong Q1 results led by Healthcare, outsourcing and Financial services business, New bookings up by 25 % yoy, also revised revenue guidance for full year FY21 to 4-6% from 2-5%.

Defense stocks: The defence acquisition council has approved proposals to procure equipment worth Rs.28,000 crore.

New F&O additions: HDFC AMC, Aarti industries and Dr lal parhlabs to be added in F&O contracts effective from 1st Jan 2021.

Hindalco and Nalco: Aluminum prices are up post reports of US may reimpose sanctions on Rusal in breach of agreement.

Securities in Ban: PNB,CANBK, SUNTV

Derivative View : VIX closed at 19.15. Max Put OI is at 13500 then 13700. Max Call OI is at 14000 then 13800. Option data suggests a trading range between 13500 to 14000.

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