From Advisory Desk : Vikash Sahay
Market outlook: Nifty is expected to open flat as Nifty has been facing resistance at 15900. The crucial support stands at 15400. VIX is at 13. FIIs have sold over Rs 5000 cr in cash over the last 3 trading session. Crude is trading lower ahead of OPEC meet and rising covid cases. US markets ends in mix and Asian markets are trading lower by half a percent.
Actionable: Buy ICICI Bank, Gland Pharma, Tech Mahindra, Tata Steel.
SGX NIFTY: -15 (prev.close 15874)
NIFTY 50 : 15814
Sensex : 52735
FII: -1659 Cr
DII: +1277 Cr
Advances: 1821 / Declines: 1504
Dollar: $ 74.19
Dollar Index: 91.93
Gold: $1775 per ounce
Crude: $73.90 per barrel
10 year US bond rate: 1.48
10 year Indian Bond rate: 6.06
HDFC Life: UK’s Standard Life to sell 3.46% stake in HDFC Life via block deals today to raise up to 3,000 crore at a price range of Rs.658-678 per share, which implies a discount of 5.4%-2.5% to yesterday’s closing price.
AB Capital: As per reports, SEBI has kept proposed Aditya Birla Sun Life AMC IPO on hold. Earlier, AMc had filed preliminary papers with SEBI in April to raise funds through an IPO.
Securities in BAN: NALCO.
Derivative View : VIX closed at 13.40. Max Put OI is at 15800 then 15600. Max Call OI is at 16000 then 15900. Option data suggests a trading range between 15600 to 16000.