From Advisory Desk : Vikash Sahay
Market outlook: US markets ended in mix. Asian markets started in red by half a percent and SGX Nifty is trading flat at 14650. FIIs started the month as sellers with Rs 2300 in cash. Gold and Silver advanced by 2% & 4% respectively. VIX is near to 24, which is indicating volatility in market.
Actionable: Buy ICICI PruLife, Sun Pharma, Varun beverages.
SGX NIFTY: -20 (prev.close 14682)
NIFTY 50 : 14634
Sensex : 48718
FII: -2289 Cr
DII: +553 Cr
Advances: 1779 / Declines: 1258
Dollar: $ 73.92
Dollar Index: 91.08
Gold: $1790 per ounce
Crude: $67.75 per barrel
10 year US bond rate: 1.60
10 year Indian Bond rate: 6.00
Today’s results announcement: Adani ports, Alembic pharma, APL apollo, Adani total gas, LTI, RBL Bank, Suven lifesciences.
Above estimates: SBI life insurance, Varun beverages
Inline estimates: LTTS, SIS
Below estimates: Kotak mahindra bank, Tata chemicals, Godrej properties.
Securities in BAN: SUNTV.
Derivative View : VIX closed at 23.69. Max Put OI is at 14500 then 14200. Max Call OI is at 15000 then 14800. Option data suggests a trading range between 14200 to 15000.