Actionable: Buy Infosys, Jubilant food, Greaves cotton & LTTS.

From the Advisory desk : Vikash Sahay

15-July-2021:

Market Outlook: SGX Nifty is trading flat. Nifty is expected to open slightly below 15900, which is also it’s resistance level for quite sometime. Today being a weekly expiry, we expect Nifty’s range to be 15750-16000 and Bank Nifty’s range to be 35350-36000. Gold is at four week high. Asian market are trading in mix.

Actionable: Buy Infosys, Jubilant food, Greaves cotton & LTTS.

Global market:
DOW: +44
SGX NIFTY: +15 (prev.close 15863)
NIFTY 50 : 15853
Sensex : 52904

Institution:
FII: -1304 Cr
DII: +1336 Cr

NSE:
Advances: 1763 / Declines: 1483

Currency:
Dollar: $ 74.58
Dollar Index: 92.40

Commodity:
Gold: $1829 per ounce
Crude: $73.90 per barrel

Bonds:
10 year US bond rate: 1.33
10 year Indian Bond rate: 6.11

Derivative:
PCR: 0.92
VIX: 12.59

Update:

Textile: Government has extended rebate timeline on export of apparels till March 2024

Securities in ban: GRANUES, NATIONALUM, NMDC, IBULHSGFIN, IDEA, PNB, SAIL, SUN TV

Derivative View: India VIX fell down by 0.24% from 12.62 to 12.59 levels. Maximum Put OI is at 15500 followed by 15000 strike while maximum Call OI is at 16000 followed by 15800 strike. Option data suggests an immediate trading range in between 15700 to 16000 zones.

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