Actionable: Buy JSW steel, Ultratech cement, Glenmark.

Insight Online News

Advisory Desk : Vikash Sahay

10th May 2021 Market outlook: Dow futures is trading in green by 100 points. Asian markets too are up by half a percent and SGX Nifty is trading above 15000. India VIX cooled by 6%, slightly below 21. Nifty likely to open in green in line with global market, wherein metals and commodities will continue to remain in focus. Gold at 3 month high and Asian Iron ore future is trading up by 10%.

Actionable: Buy JSW steel, Ultratech cement, Glenmark.

Global market:
DOW:  +229
SGX NIFTY:   +120  (prev.close 14868) (SGX nifty prev. close 45 points higher than Nifty 50 prev. close)
NIFTY 50 : 14823
Sensex : 49206

FII:                      -1143 Cr
DII:                     +1468 Cr

Advances: 1687 / Declines: 1321

Dollar: $ 73.51
Dollar Index: 90.25

Gold: $1833  per ounce
Crude: $69.05  per barrel

10 year US bond rate: 1.60
10 year Indian Bond rate: 6.02

PCR: 0.83
VIX:  20.82
Today’s results announcement: Chambel fertilisers, Intellect design arena, JMC project, Venky’s india, zydus wellness.

Results update:
Above estimates: Ultratech cement
Inline estimates: Dmart, HDFC, Cholamandalam investments, Godrej Agrovet, Navin Flourine
Below estimates: Bandhan bank, Dabur, IDFC first bank, DCB bank.
NMDC: Asia’s Iron ore futures have surged by 10% in early trading on monday due to strong chinese demand and overall surge in commodity prices as the global economy recovers.

Derivative View : VIX closed at 20.82. Max Put OI is at 14500 then 14600. Max Call OI is at 15200 then 15000. Option data suggests a trading range between 14500 to 15200.

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