Actionable: Buy Infosys, Cummins, IBReal, Tata Chemicals

Insight Online News

From Advisory Desk : Vikash Sahay

12th August 2021

Market Outlook: Dow Jones closed on life high on second straight day, after better than expetated consumer data being released and $ 3.2 trillion economic package announced. Asian markets have started in mix, with SGX Nifty up by mere 30 points. Yesterday, mid caps and small caps made an intraday low and pulled back strongly, showing fresh buying at lower level. Today being weekly expiry, we expect Nifty to open around 16300 and it’s range to be 16200-16400 and Bank’s Nifty range to be 35500-36250.

Actionable: Buy Infosys, Cummins, IBReal, Tata Chemicals.

Global market:
DOW:  +220
SGX NIFTY:   +25  (prev.close 16294)
NIFTY 50 : 16282
Sensex : 54525

Institution:
FII:                        +238 Cr
DII:                       +206 Cr

NSE:
Advances: 1028 / Declines: 2184

Currency:
Dollar: $ 74.43
Dollar Index: 92.92

Commodity:
Gold: $1751  per ounce
Crude: $71.55  per barrel

Bonds:
10 year US bond rate: 1.34
10 year Indian Bond rate: 6.24

Derivative:
PCR: 0.96
VIX:  12.71

Today’s results announcement: Tata steel, BPCL, Hero motocorp, Ashok Leyland, Eicher motors, Aurobindo pharma, Bharat forge, IRCTC, page industries, PFC, NMDC, oil india, Avanti feeds, Dish TV, EID parry, Engineers india, Finolex cables, GNFC, Goodyear india, Gulf oil lubricants, HCC, Hester Biosciences, Indostar capital finance, INEOS styrolution, IRCON international, JB chemicals, KNR constructions, Matrimony, Mazagon ship builders, Mishra dhatu nigam, Rites, Rail vikas nigam, Sundaram fasteners, Trident, Thyrocare technologies, Ujjivan financials.

Results update:
Above estimates: Cadila healthcare, Pidilite industries, Cummins india, Endurance technologies
Inline estimates: Bata india, MAS Financials
Below estimates: India cements, Lemon tree

Securities in BAN: CANBK, IBULHSGFIN, NALCO, PNB, RBL BANK, SUNTV.

Derivative View : VIX closed at 12.71. Max Put OI is at 16200 then 16100. Max Call OI is at 16300 then 16400. Option data suggests a trading range between 16100 to 16400.

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