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.
SGX NIFTY: +15 (prev.close 15871)
NIFTY 50 : 15860
Sensex : 52925
FII: -679 Cr
DII: +1833 Cr
Advances: 1747 / Declines: 1468
Dollar: $ 74.20
Dollar Index: 91.86
Gold: $1773 per ounce
Crude: $75.35 per barrel
10 year US bond rate: 1.53
10 year Indian Bond rate: 6.03
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.