Actionable: Buy ICICI Bank, DLF, Tata steel.

Insight Online News

From Advisory Desk : Vikash Sahay

25th August 2021
Market Outlook: Asian market including SGX Nifty has started in green with a quater percent higher. We expect Nifty to open slightly higher at 16650. Large caps are the main contributors of this ongoing run. IT & FMCG stocks are seeing good demand. One should remain very stock selective at this level. Yesterday, we saw good pull back into broader market with advance decline ratio of 2:1

Actionable: Buy ICICI Bank, DLF, Tata steel.

Global market:
DOW:  +30
SGX NIFTY:   +50  (prev.close 16619)
NIFTY 50 : 16624
Sensex : 55958

FII:                      -1645 Cr
DII:                     +2380 Cr

Advances: 2115 / Declines: 1073

Dollar: $ 74.19
Dollar Index: 93.03

Gold: $1795  per ounce
Crude: $69.95  per barrel

10 year US bond rate: 1.26
10 year Indian Bond rate: 6.25

PCR: 0.84
VIX:  13.18


Wipro: Announced that it has been awarded a strategic multi year contract to partner with E.ON, one of Europe’s largest energy company, to accelerate their digital transformation journey.

Securities in BAN:  CANBK, IDEA, NMDC, SUNTV.

Derivative View : VIX closed at 13.18. Max Put OI is at 16500 then 16400. Max Call OI is at 16700 then 16800. Option data suggests a trading range between 16400 to 16800.

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