Actionable: Buy ICICI Bank, Jindal Steel & Power, DLF

From Advisory Desk : Vikash Sahay

26th July 2021

Market Outlook: Asian markets have started the week in red, due to change in China’s EduTech policies. SGX Nifty is trading 100 points lower, at 15750. Over the weekend, a lot of companies posted result, better than street expectations. Hence every fall, we would see buying. Broadly, Nifty is facing resistance at 15950 and support at 15600.

Actionable: Buy ICICI Bank, Jindal Steel & Power, DLF

Investment: Buy SBI Card

Global market:
DOW:  +238
SGX NIFTY:   -90  (prev.close 15854)
NIFTY 50 : 15856
Sensex : 52975

Institution:
FII:                      -163 Cr
DII:                     +2188 Cr

NSE:
Advances: 1541 / Declines: 1711

Currency:
Dollar: $ 74.40
Dollar Index: 92.90

Commodity:
Gold: $1805  per ounce
Crude: $73.35  per barrel

Bonds:
10 year US bond rate: 1.27
10 year Indian Bond rate: 6.17

Derivative:
PCR: 0.84
VIX:  11.76

Today’s results announcement: Axis bank, L&T, Tata motors, Kotak mahindra bank, SBI Life, Vedanta, Alembic pharma, Apollo pipes, Coromandal international, DLF, SPARC, GlaxoSmithKline pharma, KPIT, M&M financial services, Navin Flourine, Zensar technologies.

Results update:
Above estimates: ICICI Bank, United spirits, Jubilant pharma, Ambuja cements, JSW steel, Reliance industries, SBI cards
Inline estimates: ITC, Atul
Below estimates: MCX, Crompton Consumer

Securities in BAN: CANBK, CADILAHC, IDEA, NALCO, SUNTV.

Derivative View : VIX closed at 11.76. Max Put OI is at 15800 then 15700. Max Call OI is at 16000 then 15900. Option data suggests a trading range between 15700 to 16000.

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