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Actionable: Buy ICICI Securities, Bharti Airtel

July 14
09:34 2020

From the Advisory : VIkash Sahay

Desk 14th July 2020

Market Outlook: Dow Jones closed flat after losing 600 points from intraday high. Asian markets too were trading flat to negative. SGX Nifty is trading down by 40 points. We expect the markets to consolidate at current level before taking the next move. The next move of the markets will be decided by the cases getting reported of COVID 19, resuming of economy and quarterly results. 

Actionable: Buy ICICI Securities, Bharti Airtel 

Today’s results announcement: Wipro, Mindtree, Delta Corp, Oberoi realty.

Global market:

DOW:  +10

SGX NIFTY:  -50  (prev.close 10811)

NIFTY 50 : 10802

Sensex : 36693

Institution:

FII:            +222 Cr

DII:            -1486 Cr

NSE:

Advances: 1085 / Declines: 1624

Currency:

Dollar: $ 75.19

Commodity:

Gold: $1800  per ounce

Crude: $41.92  per barrel (down 1.87%)

Bonds:

10 year US bond rate: 0.62

10 year Indian Bond rate: 5.79

Update:

Reliance industries: Govt imposes import duty of 10% on Polybutadiene Rubber from Korea as a provisional(200days) bilateral safeguard measure. Finance Ministry issues notification. The application has been filled by Reliance industries and is the sole manufacturer of PBR in India.

Derivative View – VIX closed at 25.19. Max Put OI is at 10600 then 10500. Max Call OI is at 11000 then 11200. Option data suggests a wider trading range between 10500 to 11000.

Vikash Ranjan Sahay, Founder & CEO , Value Management Solution P Ltd, (Exclusive Business Partner of MotiLal Oswal)

Mr. Vikash Sahay can be contacted at +91 9471133334

Actionable: Buy Reliance Industries, HUL

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Fayim Md

Fayim Md

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