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Actionable – Buy Infosys, Mind tree, Hdfc Bank. Participate in Axis Bank through OFS.

Actionable – Buy Infosys, Mind tree, Hdfc Bank. Participate in Axis Bank through OFS.
February 12
05:26 2019
Vikash Sahay

Vikash Sahay

From Advisory Desk; Vikash Sahay

12-February

Global market & Events:

DOW: – 53

SGX NIFTY: 10912 (-18). However NIFTY 50 closed at 10888

Dollar: 71.17 vs 71.31

Gold: 1308 per ounce vs 1313 per ounce

Crude: 61.16 vs 61.39

US bond rate: 2.67 percent vs 2.63 percent

India Bond rate: 7.35 percent vs 7.33 percent

VIX: 15.84 vs 15.57

FII: -125

DII: -232

Twitter: Trump confirms his 2nd meeting with Kim on 27 & 28 February in Vietnam.

Market Outlook –  Expect market to be in a small range with no major action either side.

Actionable – Buy Infosys, Mind tree, Hdfc Bank. Participate in Axis Bank through OFS.

Updates : –

Axis Bank: Specified Undertaking of Unit Trust of India (SUUTI) plans to sell 1.98 % stake on Feb.12, with an option to sell additional 1.02 % stake in the Bank. Floor price of the offer is set at Rs689.52 per share (3% discount of CMP), with total aggregate consideration of Rs 3500 crore.

Eicher posted in line numbers during challenging times. Can see up move in the stock.

Derivatives View – VIX Closed at 15.84. Put unwinding is seen at all the immediate strikes from 11100 to 10700 strikes while Call writing is seen at 10900 to 11100 strikes. Option band signifies a lower shift in the trading range in between 10800 to 11000 zone.

Vikash Ranjan Sahay, Founder & CEO , Value Management Solution P Ltd, (Exclusive Business Partner of MotiLal Oswal)

Mr. Vikash Sahay  can be contacted at +91 9471133334

Actionable – Buy Bajaj Finance, UPL, Bata India. Amara Raja Batteries for investment.

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