Actionable : Buy ICICI Lombard, Infoedge, JSW steel.

From Advisory Desk : Vikash Sahay

27th November 2020 : Market Outlook ; Dow futures is down by 100 points. Asian markets are down by a quarter percent and SGX Nifty is trading flat. Yesterday FIIs have bought 2000 cr and the rally was led by metal sectors. Today MSCI index rebalancing will take place. VIX has corrected by 13% to the level of 20 which will support the bulls. GDP data would be released after the close of market hours. Ahead of the long weekend, we expect markets to remain subdued with a strong support of 12700.

Actionable: Buy ICICI Lombard, Infoedge, JSW steel.

IPO: Burger King India
Date: 2 to 4 Dec.
Price Band: ₹ 59 – ₹ 60
Lot: 250 Shares

Global market:
DOW: -173
SGX NIFTY: +10 (prev.close 13045)
NIFTY 50 : 12987
Sensex : 44259

Institution:
FII: +2027 Cr
DII: -3400 Cr

NSE:
Advances: 1732 / Declines: 1022

Currency:
Dollar: $ 73.88

Commodity:
Gold: $1807 per ounce
Crude: $47.90 per barrel

Bonds:
10 year US bond rate: 0.85
10 year Indian Bond rate: 5.87

Securities in Ban: NIL

Derivative View : VIX closed at 20.22. Max Put OI is at 12800 then 12900. Max Call OI is at 13000 then 13200. Option data suggests a trading range between 12800 to 13200.

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