From Advisory Desk : Vikash Sahay
Market outlook : Dow Jones ended flat and NASDAQ closed lower by 2%. Asian markets too are trading lower by a quarter percent and SGX Nifty is trading slightly below 14600. FIIs have sold stock worth Rs 4000 cr in first two trading session of the month. Yesterday all sectors were in red, except PSU Bank which was up by 3.5%. Crude prices is increasing consistently due to strong economic data. Since VIX is still above 23, volatility may continue in the market. Also, RBI Governor will address the media at 10 AM.
Actionable: BUY ICICI Pru & ONGC.
SGX NIFTY: +55 (prev.close 14532)
NIFTY 50 : 14496
Sensex : 48253
FII: -1772 Cr
DII: +987 Cr
Advances: 1328 / Declines: 1637
Dollar: $ 73.85
Dollar Index: 91.23
Gold: $1778 per ounce
Crude: $69.60 per barrel
10 year US bond rate: 1.59
10 year Indian Bond rate: 6.02
Today’s results announcement: Tata Steel, Adani enterprises, Adani green energy, Angel broking, ABB power, Blue dart Express, Ceat, Deepak nitrite, Gillette india, JM Financials, Shalby.
Above estimates: Adani ports
Inline estimates: LTI, Alembic pharma
Below estimates: RBL Bank
Securities in BAN: SUNTV.
Derivative View : VIX closed at 23.01. Max Put OI is at 14500 then 14200. Max Call OI is at 14700 then 14800. Option data suggests a trading range between 14200 to 14800.