Actionable: Buy ICICI Bank, Bajaj Finance, Dalmia Bharat.

Insight Online News

From Advisory Desk : Vikash Sahay

18th May 2021; Market outlook: Dow futures is up by 100 points. Asian markets Pharma are trading higher by one percent because of covid cases receding and SGX Nifty is up by 150 points at 15100. VIX has cooled down below 20. Yesterday Banks led Nifty to close above 14900. Nifty is showing signs of entering into a new trading range in anticipation of unlocking cities to start soon.

Actionable: Buy ICICI Bank, Bajaj Finance, Dalmia Bharat.

Investment: Buy Gland Pharma.

Unlock basket: Buy SBI, Maruti,Tata Motors, Ultratech cement, Indusind Bank,Trent, Crompton consumer, ABFRL, Orient electric
 
Global market:
DOW:  -54
SGX NIFTY:   +150  (prev.close 14946)
NIFTY 50 : 14923
Sensex : 49580

Institution:
FII:                      -2256 Cr
DII:                     +1948 Cr

NSE:
Advances: 2075 / Declines: 1095

Currency:
Dollar: $ 73.21
Dollar Index: 90.13

Commodity:
Gold: $1872  per ounce
Crude: $69.70  per barrel

Bonds:
10 year US bond rate: 1.65
10 year Indian Bond rate: 5.97

Derivative:
PCR: 0.83
VIX:  19.60

Today’s results announcement: Tata motors, PI industries, Route mobile, Canara bank, Aarti industries, Abbott india, Torrent pharma, Ujjivan small finance bank, Brigade enterprises, GSK pharma, Astral, Jyothy labs, Minda corporation.

Results update:
Above estimates: Gland pharma, Trident
Inline estimates: Bharti airtel, Federal bank, Colgate
 
Securities in BAN: BHEL, CADILAHC, CANBK, PNB, SAIL, SUNTV.
 
Derivative View : VIX closed at 19.60. Max Put OI is at 14700 then 14500. Max Call OI is at 15000 then 15200. Option data suggests a trading range between 14500 to 15200.

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