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.
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
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.