Actionable: Buy ICICI Bank, Tata motors, DLF.

Insight Online News

From Advisory Desk : Vikash Sahay

9th December 2021

Market Outlook: US markets closed in green. Asian markets have started on a positive note, with SGX Nifty is trading higher by 80 points. US 10-year bond yields climbed above 1.5% following rebound in this week. Yesterday, Indian markets opened gap up and continued the positive momentum boosted by RBI’s accommodative stance and concerns around the Omicron variant getting eased off. Today being weekly expiry, we expect the volatility to be higher with Nifty’s range to be 17300-17650 and Bank nifty’s range to be 36500-37750.

Actionable: Buy ICICI Bank, Tata motors, DLF.

C.E Info systems ltd ( Map my india) – Subscribe for listing gains : IPO opens today for subscription and closes on 13the Dec, 2021. IPO issued at a price band of Rs.1000-1033 per share

Global market:
DOW:  +35
SGX NIFTY:   +75  (prev.close 17485)
NIFTY 50 : 17469
Sensex : 58649

FII:                    -579 Cr
DII:                   +1736 Cr

Advances: 2313 / Declines: 980

Dollar: $ 75.45
Dollar Index: 96.02

Gold: $1784  per ounce
Crude: $76.05  per barrel

10 year US bond rate: 1.53
10 year Indian Bond rate: 6.35

PCR: 0.90
VIX:  17.26

Securities in Ban: IBULHSGFIN.

Derivative View : VIX closed at 17.26. Immediate max Put OI is at 17400 then 17300. Max Call OI is at 17600 then 17500. Option data suggests a trading range between 17300 to 17600.

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