From Advisory Desk : vikash Sahay
24th November 2020 ; Market Outlook, Dow Jones closed up by 300 points and Dow futures is up by another 160 points as Trump administration has started the transition process. Asian markets is up by a quarter percent except Nikkei which is up by 2%. SGX Nifty is flat. FIIs have bought INR 51,000 cr so far in November. Gold is at four months low. After consolidation, we saw buying momentum built in IT and Pharma sector.
Actionable: Buy Infosys & MindTree.
SGX NIFTY: +5 (prev.close 12953)
NIFTY 50 : 12926
Sensex : 44077
FII: +4738 Cr
DII: -2944 Cr
Advances: 1667 / Declines: 1170
Dollar: $ 74.10
Gold: $1828 per ounce
Crude: $46.10 per barrel
10 year US bond rate: 0.87
10 year Indian Bond rate: 5.90
Diagnostic companies: Maharashtra govt imposes stringent restrictions on people coming from New Delhi, Rajasthan, Gujarat and Goa. RT-PCR covid test reports mandatory for those coming from these states by Air & Train.
BPCL: As per media reports, Apollo Global Management has submitted an expression of interest to buy the government’s 53% stake in BPCL.
Securities in Ban: ADANIENT, BANK OF BARODA, FEDERAL BANK, IBULHSGFIN, NALCO, SAIL.
Derivative View : VIX closed at 20.79. Max Put OI is at 12800 then 12700. Max Call OI is at 13000 then 13200. Option data suggests a trading range between 12700 to 13200