From Advisory Desk : Vikash Sahay
11th February 2021 : Market Outlook: US markets closed flat. Asian markets are trading flat to negative, except Japan & South Korean market as they are shut for the day. FIIs bought Rs 1800 cr yesterday in cash which takes their monthly net total to Rs 19000 cr. Yesterday Banking sectors dragged nifty to close flat. Today being a weekly expiry, we expect the Nifty to be in the range of 14950-15250 and Bank Nifty to be in the range of 35200- 36300
Actionable: Buy JK Cement and Voltas.
SGX NIFTY: -75 (prev.close 15138)
NIFTY 50 : 15106
Sensex : 51309
FII: +1787 Cr
DII: -2076 Cr
Advances: 1406 / Declines: 1558
Dollar: $ 72.84
Dollar Index: 90.47
Gold: $1838 per ounce
Crude: $60.95 per barrel
10 year US bond rate: 1.14
10 year Indian Bond rate: 6.01
Today’s results announcement: ITC, Coal india, Power grid, ACC, Ashok leyland, MRF, PFC, Petronet lng, Piramal enterprises, Presitage estates, Repco home, Atul auto, Bayer crop, Bosch, BSE, KNR constructions, Natco pharma, NCC, Allcargo logistics, Crisil, Dishman, Hudco, Tasty bites, Wabag.
Above estimates: Page industries,Titan, Hindalco, JB chemicals, SH kelkar, Metropolis
Inline estimates: Aurobindo pharma, Eicher motors, GAIL, IGL, P&G Hygiene, Happiest mind
Below estimates: MAS financials, Bata india
Magma Fincorp ltd: Adar Poonwalla led company Rising star holdings will be buying controlling stake in the company. The transaction will take place via a fresh capital issue of Rs.3,456 through preferential allotment. Post issuance, Rising star holdings would hold 60% stake in the company and networth of the company will increase to over Rs.6300 crore
Securities in Ban: BHEL, SAIL, SUNTV.
Derivative View : VIX closed at 23.95. Max Put OI is at 15000 then 14800. Max Call OI is at 15300 then 15200. Option data suggests a trading range between 14800 to 15300.