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Actionable – Buy ICICI Bank, HDFCB Bank, Dabur, LT

Actionable – Buy ICICI Bank, HDFCB Bank, Dabur, LT
January 22
06:04 2019
Vikash Sahay

Vikash Sahay

From Advisory Desk ; Vikash Sahay

22-January:

Global market & Events:

DOW: Closed

SGX NIFTY: 10959 (-3), However NIFTY 50 closed at 10961

Dollar: 71.28 vs 71.19

Gold: 1278 per ounce vs 1283 per ounce

Crude: 62.53 vs 62.42

US bond rate: 2.76 percent vs 2.78 percent
India Bond rate: 7.31 percent unchanged

VIX: 18.15 vs 16.62 (+9%)

FII: -300
DII: +520

DAVOS 2019:

IMF expects India’s economy to grow 7.3% in 2018, which is 10 basis points higher than the government’s own estimate.

IMF: Cuts 2019 World Growth Outlook By 0.2 Percentage Points To 3.5%

Euro Area 2019 GDP Cut 0.3 Percentage Points To 1.6%

Euro Area 2020 GDP Forecast Unchanged At 1.7%

Germany Growth For 2019 Cut 0.6 Percentage Points To 1.3%

China GDP @ 28 year low

Actionable – Buy ICICI Bank, HDFCB Bank, Dabur, LT (On correction).

Kotak bank – Numbers above estimates. Loan growth strong, margin improvement, NNPA falling. Stake sale of promoter will be overhang. No Actionable. `

L&T Finance- Operational numbers above expectation. Have 1800 crore ILFS SPV exposure where management is confident of nil credit loss.

Derivatives View – VIX Closed at 18.06. On the option front, maximum Put OI is at 10700 followed by 10800 strike while maximum Call OI is at 11000 followed by 11200 strike. Option band signifies a higher shift in trading range in between 10750 to 11100 zones.

Vikash Ranjan Sahay, Founder & CEO , Value Management Solution P Ltd, (Exclusive Business Partner of MotiLal Oswal)

Mr. Vikash Sahay  can be contacted at +91 9471133334

 

Actionable – Buy ICICI Bank, HDFCB Bank, Shilpa Medicare, Dabur, LT (On correction). Reduce Steel Stocks.

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