From Advisory Desk : Vikash Sahay
5th April 2021 : Market outlook: Dow futures is trading in green by 200 points. Asian markets are trading up by half a percent and SGX Nifty is down by 80 points as fresh restrictions imposed in Maharashtra due to resurgence in covid cases. Nifty is facing resistance at 15000 ahead of RBI policy meet which will conclude on 06-April.
Actionable: Buy Infosys, JSW steel & SAIL
SGX NIFTY: -70 (prev.close 14992)
NIFTY 50 : 14867
(closing gap of 125 points between Sgx nifty and Nifty 50)
Sensex : 50029
FII: +149 Cr
DII: -297 Cr
Advances: 2130 / Declines: 764
Dollar: $ 73.10
Dollar Index: 92.95
Gold: $1729 per ounce
Crude: $64.50 per barrel
10 year US bond rate: 1.71
10 year Indian Bond rate: 6.18
HDFC Ltd Q4 Business update: Strong traction seen in individual loan disbursements, individual loans sold in the last 12 months at 18,980 crore(Previous year Rs 24,127 crore). Company assigned loans worth of Rs.7503 cr to HDFC Bank vs 5479 crore in Q3.
Adani enterprises: Company signs coal mining agreement with maharashtra state power generation company for development and operation of Gare Palma sector 2 coal mine. Also, subsidiary Adani road transport ltd bags Rs.1169 crore worth of road projects from NHAI in Odisha.
Securities in BAN: SAIL.
Derivative View : VIX closed at 19.98. Max Put OI is at 14500 then 14700. Max Call OI is at 15000 then 15200. Option data suggests a trading range between 14500 to 15200.