From Advisory Desk : Vikash Sahay
18th June 2021
Market Outlook: Dow Jones ended lower by half a percent and NASDAQ closed at all time high. Asian markets are trading in mix. SGX Nifty is up by 60 points. Gold trades below $1800 on strong dollar. USDINR surged to six week high at 74.20, leading to strong buying in IT stocks. In the current market scenario, defensives should do well like IT and FMCG.
Actionable: Buy Infosys, Asian paints and JK Lakshmi cement.
SGX NIFTY: +70 (prev.close 15692)
NIFTY 50 : 15691
Sensex : 52323
FII: -880 Cr
DII: +45 Cr
Advances: 1358 / Declines: 1861
Dollar: $ 74.08
Dollar Index: 91.85
Gold: $1785 per ounce
Crude: $72.60 per barrel
10 year US bond rate: 1.52
10 year Indian Bond rate: 6.02
SBI Cards : Carlyle investments to sell nearly 5% stake in the company for about Rs.5,000 crore through block deals today at a price range of Rs.1,002-1041 per share, which implies a discount of 4.7%-1% to previous closing price.
Securities in BAN: ADANIPORTS, BHEL, CANBK, ESCORTS, PNB.
Derivative View : VIX closed at 15.28. Max Put OI is at 15500 then 15700. Max Call OI is at 15800 then 16000. Option data suggests a trading range between 15500 to 16000.