Actionable: Buy ICICI Bank, Muthoot finance & SBI

Insight Online News

From Advisory Desk : Vikash Sahay

15th February 2021 : Market Outlook: Dow future is up by 100 points. Asian market is up by half a percent and SGX Nifty is up by 80 points. FIIs have bought Rs 19500 cr in cash so far in the month. One can look to trade in Nifty with a support of 14900. Overall in long term view, we remain bullish.

Actionable: Buy ICICI Bank, Muthoot finance & SBI.

Global market:
DOW: +27
SGX NIFTY: +65 (prev.close 15158)
NIFTY 50 : 15163
Sensex : 51544

Institution:
FII: -37 Cr
DII: -598 Cr

NSE:
Advances: 1418 / Declines: 1560

Currency:
Dollar: $ 72.75
Dollar Index: 90.43

Commodity:
Gold: $1824 per ounce
Crude: $63.60 per barrel

Bonds:
10 year US bond rate: 1.20
10 year Indian Bond rate: 5.99

Derivative:
PCR: 0.87
VIX: 22.13

Update:

ONGC & IEX: ONGC board has approved acquisition of 5% in Indian gas exchange, subsidiary of IEX as a strategic investment.

Bharti Airtel: Board meeting on Feb 17th to discuss on strategic future plans and reorganization of shareholding framework of subsidiary companies.

Results update:
Above estimates: Motherson sumi, Deepak nitrate, Voltas, Grasim, Siemens, Infoedge, Nalco, HAL, CAMS, Finolex cables
Inline estimates: Apollo hospitals, Idea, Glenmark, ONGC
Below estimates: Bharat forge, Amaraja batteries, Phoenix mills, Delta corp, Shilpa medicare

Securities in Ban: BHEL, SAIL.

Derivative View : VIX closed at 22.04. Max Put OI is at 15000 then 15100. Max Call OI is at 15200 then 15300. Option data suggests a trading range between 15000 to 15300

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