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.
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
Today’s results announcement: Chambel fertilisers, Intellect design arena, JMC project, Venky’s india, zydus wellness.
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.
Securities in BAN: BHEL, NALCO, SUNTV, TATACHEM.
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.