Actionable: Buy Infosys and Tata Consumer.

From Advisory Desk : Vikash Sahay

17th June 2021

 
Market Outlook: Dow futures is trading lower by half a percent as FED kept rates unchanged but signalled two hikes by the end of 2023 and raises inflation expectations. Asian markets too was trading lower by half a percent. Bond yields moved higher by 10 basis points to 1.58% and dollar index is at 91.34. SGX Nifty has started with a dip of 100 points. We remain cautious on market and advice one to remain very selective on stock picking. Today being a weekly expiry, we expect Nifty to be in range of 15600-15900 and Bank Nifty to be 34400-35500.

Actionable: Buy Infosys and Tata Consumer.

Global market:
DOW:  -265
SGX NIFTY:   -100  (prev.close 15775)
NIFTY 50 : 15767
Sensex : 52501

Institution:
FII:                      -870 Cr
DII:                      -874 Cr

NSE:
Advances: 1394 / Declines: 1837

Currency:
Dollar: $ 73.32
Dollar Index: 91.40

Commodity:
Gold: $1822  per ounce
Crude: $73.60  per barrel

Bonds:
10 year US bond rate: 1.58
10 year Indian Bond rate: 6.05

Derivative:
PCR: 0.95
VIX:  14.86

Securities in BAN: ADANIPORTS, BHEL, CANBK, ESCORTS, NALCO, PNB.

Derivative View : VIX closed at 14.86. Max Put OI is at 15600 then 15700. Max Call OI is at 15800 then 15900. Option data suggests a trading range between 15600 to 15900.

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