Actionable: Buy ICICI Bank, Tata Steel & Infoedge.

From Advisory Desk : Vikash Sahay

28th June 2021; Market outlook: VIX cooled off by 11% to the level of 13. Nifty is well poised to cross 16000, with a strong support at 15400 as Dow futures have started the week on flat note. Asian markets are trading lower by a quarter percent, except Hang Sang which is up by over one percent. SGX Nifty is up by 25 points.

Actionable: Buy ICICI Bank, Tata Steel & Infoedge.

Global market:
DOW:  +237
SGX NIFTY:   +15  (prev.close 15871)
NIFTY 50 : 15860
Sensex : 52925

Institution:
FII:                       -679 Cr
DII:                      +1833 Cr

NSE:
Advances: 1747 / Declines: 1468

Currency:
Dollar: $ 74.20
Dollar Index: 91.86

Commodity:
Gold: $1773  per ounce
Crude: $75.35  per barrel

Bonds:
10 year US bond rate: 1.53
10 year Indian Bond rate: 6.03

Derivative:
PCR: 0.84
VIX:  13.36

Updates:

Thyrocare technologies: Online medical platform Pharmeasy will acquire a 66.1% equity stake in Thyrocare from promoters and its affiliates for Rs. 4,546 crore at a price of Rs. 1300 per share which is a 10% discount to current market price. Also, made an open offer for acquisition of an additional 26% stake in thyrocare at a price of Rs. 1300 per share.

Granules India: USFDA has completed pre-approval inspection of the facility at Chantilly, Virginia, USA on 25th June with 2 minor observations.

Securities in BAN: NIL.

Derivative View : VIX closed at 13.36. 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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