Actionable: Buy Jubilant foods & Tata consumer.

Insight Online News

From Advisory Desk : Vikash Sahay

25th March 2021 : Market outlook: Due to profit booking in technology stocks, NASDAQ closed lower by 2%. Asian market too are trading half a percent lower and SGX Nifty is managing to trade slightly above 14500. FIIs sold Rs 2000 cr in cash and VIX has spiked above 22. Today being a monthly expiry, we expect Nifty trading range to be 14350-14750 and Bank Nifty to be 32500-34000.

Actionable: Buy Jubilant foods & Tata consumer.
 
Global market:
DOW:  -3
SGX NIFTY:   -30  (prev.close 14560)
NIFTY 50 : 14549
Sensex : 49180

Institution:
FII:                     -1952 Cr
DII:                    +613 Cr

NSE:
Advances: 785 / Declines: 2169

Currency:
Dollar: $ 72.56
Dollar Index: 92.63

Commodity:
Gold: $1732  per ounce
Crude: $63.30  per barrel

Bonds:
10 year US bond rate: 1.63
10 year Indian Bond rate: 6.15

Derivative:
PCR: 0.96
VIX:  22.45

Updates:
 
Jubilant Foodworks: Has announced to introduce American multinational chain of fried chicken fast food restaurants ‘ Popeyes’ to india, Bangladesh, nepal and Bhutan. Company has entered into an exclusive master franchisee and development agreement with PLK APAC Pte. Ltd, a subsidiary of restaurants brands international to develop, establish, own and operate, and to license franchisees.

Securities in BAN: IDEA.
 
Derivative View : VIX closed at 22.45. Max Put OI is at 14500 then 14300. Max Call OI is at 14800 then 14700. Option data suggests a trading range between 14300 to 14800.

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