Actionable: Buy HDFC bank, JK cement, Burger King.

Insight Online News

From Advisory Desk : Vikash Sahay

7th July 2021, Market Outlook: SGX Nifty is indicating an opening of Nifty slightly below 15800. Nifty is facing resistance at 15900. Yesterday’s gains by private banks were eroded by Auto and IT counters.  FIIs continues to sell, Indian bond yields spikes to 6.18%, USIND marching towards ₹ 75, gold crossed $ 1800 per ounce and US bond yield slided to 1.34% to four months low. Dow ended half a percent lower and Asian markets have started lower upto one percent. Nifty support stand at 15400.

Actionable: Buy HDFC bank, JK cement, Burger King.
 
Global market:
DOW:  -208
SGX NIFTY:   -55  (prev.close 15841)
NIFTY 50 : 15818
Sensex : 52861

Institution:
FII:                      -543 Cr
DII:                     +521 Cr

NSE:
Advances: 1553 / Declines: 1703

Currency:
Dollar: $ 74.54
Dollar Index: 92.55

Commodity:
Gold: $1801  per ounce
Crude: $74.45  per barrel

Bonds:
10 year US bond rate: 1.35
10 year Indian Bond rate: 6.18

Derivative:
PCR: 0.88
VIX:  12.27
 
Securities in BAN: IBULHSGFIN, NALCO, NMDC, PNB.
 
Derivative View : VIX closed at 12.27. Max Put OI is at 15700 then 15600. Max Call OI is at 16000 then 15800. Option data suggests a trading range between 15600 to 16000.

Leave a Reply

Your email address will not be published. Required fields are marked *