Actionable: Buy ICICI Bank, Reliance Industries, SBI Life.

Insight Online News

From Advisory Desk : Vikash Sahay

24th January 2022
 
Market Outlook: US markets fell sharply on friday and now showing some recovery in futures. However, Asian markets have started on a weak note, ahead of FED meeting and geopolitical tension in Ukraine. SGX Nifty is indicating a negative opening by around 150 points. FIIs continued their selling in cash segment amounting over Rs.13,000 crore in the last week. On Friday, Nifty witnessed another weak session and recovered marginally above 17600 zone at close. Over the weekened, good set of quaterly numbers were declared by Reliance industries and ICICI Bank which will support the markets at lower end. Overall, we expect the markets to remain volatile however stock specific action will continue.
 
Actionable: Buy ICICI Bank, Reliance Industries, SBI Life.
 
Global market:
DOW:  -450
SGX NIFTY:   -150  (prev.close 17637)
NIFTY 50 : 17617
Sensex : 59037

Institution:
FII:                    – 3149 Cr
DII:                    +269 Cr

NSE:
Advances: 926 / Declines: 2466

Currency:
Dollar: $ 74.42
Dollar Index: 95.69

Commodity:
Gold: $1835  per ounce
Crude: $88.05  per barrel

Bonds:
10 year US bond rate: 1.77
10 year Indian Bond rate: 6.62

Derivative:
PCR: 0.90
VIX:  18.88

Today’s results announcement: Axis bank, HDFC AMC, Deepak nitrite, IEX, India mart, Ramco cements, SBI cards, SRT finance, Apollo pipes, Burger king, CERA, Chennai Petro, craftsman automation, IIFL securities, Mahindra EPC, Quick heal, steel strips, Sudarshan chemicals, Supreme industries, Zensar technologies.

Results update:
Above estimates: Reliance industries, ICICI Bank, SBI life, Bandhan bank, Tanla
Inline estimates: HDFC Life, Hindustan zinc, L&T finance, PVR, Idea, Inox leisure
Below estimates: JSW steel, Gland pharma, IDBI bank, Heritage foods

Securities in Ban: BHEL, ESCORTS, IBULHSGFIN, IDEA, NALCO.
 
Derivative View : VIX closed at 18.88. Immediate max Put OI is at 17600 then 17400. Max Call OI is at 17800 then 17700. Option data suggests a trading range between 17400 to 17800.

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