From Advisory Desk : Vikash Sahay
27th May 2021 Market outlook: Asian market are down by half a percent and SGX Nifty is flat. BPCL delivered a stellar results with an attractive divided payout, thus making BPCL and other OMCs attractive for positional perspective. The unlocking themed stocks are also playing out in market as the covid cases are on a decline. Today being a monthly expiry, we expect Nifty’s range to be 15200-15400 and Bank Nifty’s range to be 34000-35250.
Actionable: Buy IOC, MindTree, Jubilant foods.
Global market:DOW: +10SGX NIFTY: +5 (prev.close 15301)NIFTY 50 : 15301Sensex : 51017Institution:FII: +242 CrDII: -439 CrNSE:Advances: 1904 / Declines: 1231Currency:Dollar: $ 72.77Dollar Index: 90.11Commodity:Gold: $1894 per ounceCrude: $68.45 per barrelBonds:10 year US bond rate: 1.5810 year Indian Bond rate: 5.97Derivative:PCR: 0.84VIX: 20.87Today’s results announcement: Sun pharma, Eicher motors, Cadila healthcare, Page industries, Dixon, Aegis logistics, HEG, Alkyl amines, Metropolis, IRB infra, Goodyear, kalyan jewellers, strides pharma, wockhardt pharma. Securities in BAN: AMARAJABAT, CANBK. Derivative View : VIX closed at 20.87. Max Put OI is at 15200 then 15100. Max Call OI is at 15500 then 15400. Option data suggests a trading range between 15100 to 15500.