Actionable: Buy ICICI bank, Amaraja Batterries.

Insight Online News

From Advisory Desk : Vikash Sahay

28th September 2021

Market Outlook: US markets ended in mix due to rise in US bond yields which is at 1.48%. Asian markets too have started in mix, with SGX Nifty is indicating a flat opening . Yesterday, the Indian markets started higher, but couldn’t hold on the gains in the second half of the day. Auto stocks were the top gainers due to sectorial rotation and easing out of chip shortage concerns. VIX continue to increase from past few days and trading above 18, indicating volatility to continue in markets.

Actionable: Buy ICICI bank, Amaraja Batterries.

Tactical bet for 3-6 months : Buy Maruti

For High risk traders : Buy United breweries

Global market:
DOW:  +71
SGX NIFTY:  +15  (prev.close 17855)
NIFTY 50 : 17855
Sensex : 60077

Institution:
FII:                     -595 Cr
DII:                    +1398 Cr

NSE:
Advances: 1562 / Declines: 1792

Currency:
Dollar: $ 73.84
Dollar Index: 93.47

Commodity:
Gold: $1754  per ounce
Crude: $78.80  per barrel

Bonds:
10 year US bond rate: 1.48
10 year Indian Bond rate: 6.21

Derivative:
PCR: 0.85
VIX:  18.05

Updates:

Maruti: The company has informed its component suppliers to be ready for the production of 1.6-1.8 lakhs cars and SUVs in October, as it is making arrangements to secure supply of chipsets through multiple channel’s, as per the reports.

ONGC: US natural gas futures continue to rise to record highs amid concerns around tight winter supplies and massive supply shortage in Europe leading to significant jump in gas prices across the world. Also, gas prices in India may increase significantly from Oct month onwards.

Securities in BAN: ESCORTS, CANBK, IDEA, SAIL, ZEEL.

Derivative View : VIX closed at 18.05. Max Put OI is at 17800 then 17700. Max Call OI is at 18000 then 17900. Option data suggests a trading range between 17700 to 18000.

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