From Advisory Desk : Vikash Sahay
1st April 2021 : Market outlook: Dow Jones gave up the intraday gain after Biden unveiled the infrastructure package. Asian markets started on positive note by trading up by a percent. Yesterday FIIs sold Rs 1700 cr in cash. SGX Nifty is up by over 100 points.
IT companies continue to fetch good orders and are showing strong earning visibility.
Today being a weekly expiry, we expect Nifty to be in the range of 14550-14900 and Bank Nifty to be in the range of 33000-34200.
Actionable: Buy Infosys, SRT, Tata Steel.
SGX NIFTY: +100 (prev.close 14746)
NIFTY 50 : 14690
(closing gap of 56 points between Sgx nifty and Nifty 50)
Sensex : 49509
FII: -1686 Cr
DII: +2082 Cr
Advances: 1373 / Declines: 1513
Dollar: $ 73.10
Dollar Index: 93.21
Gold: $1711 per ounce
Crude: $63.10 per barrel
10 year US bond rate: 1.75
10 year Indian Bond rate: 6.18
HCL technologies: Announced an agreement with Tenneco, leading American automotive supplier and manufacturer, for a multi year, integrated application development, modernization and operations services contract.
Securities in BAN: SAIL.
Derivative View : VIX closed at 20.64. Max Put OI is at 14500 then 14600. Max Call OI is at 15000 then 14800. Option data suggests a trading range between 14500 to 15000.