Actionable : Buy HCL Tech, Cholamandalam

From Advisory Desk : Vikash Sahay

16th December 2020 : Market Outlook ; US markets ended higher by a percent, after Congressmen inch closer to agree on stimulus package. Asian markets too are trading up by half a percent. SGX Nifty is up by 50 points. FIIs continued their buying streak with another 2500 cr on previous session. Yesterday Metal and Auto kept the markets to end in green.

Actionable: Buy HCL Tech, Cholamandalam

Global market:
DOW: +337
SGX NIFTY: +60 (prev.close 13578)
NIFTY 50 : 13567
Sensex : 46263

Institution:
FII: +2484 Cr
DII: -2667 Cr

NSE:
Advances: 1542 / Declines: 1438

Currency:
Dollar: $ 73.64

Commodity:
Gold: $1860 per ounce
Crude: $50.75 per barrel

Bonds:
10 year US bond rate: 0.91
10 year Indian Bond rate: 5.94

Updates:

M&M: Company will increase the price of its range of Passenger and Commercial Vehicles, across models effective from January 1, 2021.This has been necessitated due to the increase in commodity prices and various other input costs.

Securities in Ban: CANBK

Derivative View : VIX closed at 19.34. Max Put OI is at 13500 then 13400. Max Call OI is at 13600 then 13800. Option data suggests a trading range between 13300 to 13800.

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