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Actionable: Buy Kotak Bank, HDFC life, ACC ltd , KEC .

Actionable: Buy Kotak Bank, HDFC life, ACC ltd , KEC .
July 16
05:42 2019
Vikash Sahay

Vikash Sahay

 From Advisory Desk : Vikash Sahay

16 – July : Market Outlook : Global markets are trading flat after the China’s GDP growth slowed to 6.2% for June quarter, which were In-line with expectation. Markets are expecting a rate-cut in next US Fed policy meet on 31st July. On the domestic front, markets are likely to trade in the range of 11400 to 11700. Outlook for today remains range-bound with stock specific action.

Actionable: Buy Kotak Bank, HDFC life, ACC ltd , KEC .

Investment Idea : Buy ICICI Pru Life

Government is coming with CPSE ETF FFO on 19th July for Non Anchor segment. Government to give discount of 3 % to retail investors.

Results today : DCB Bank, Federal bank, HDFC AMC, MCX

Global market:
DOW: +27
SGX NIFTY: -10
NIFTY 50: 11588
Sensex : 38897

Institution:
FII: -216 Cr
DII: +591 Cr

Currency:
Dollar: 68.55

Commodity:
Gold: $ 1414 per ounce
Crude: $ 66.38 per barrel

Bonds:
10 year US bond rate: 2.09%
10 year Indian Bond rate: 6.43%

Updates :

HDFC Bank may announce a special interim dividend in the board meeting on 20th July

Motilal Oswal

As per the data released by IRDA , there is a significant rise in the net premium collection by State as well as private sector Insurance companies. Positive for the sector.

Derivative View – VIX closed at 12.02.Max Put writing is at 11500 and 11400 strike while Call writing is at 11600 then 11700 strikes. Option data suggests a trading range in between 11450 to 11650 zone.

 CPSE ETF FFO consists of 11 PSU companies coming on 19th July; Issue Size 12000 crore & investment amount Rs 5000-2 lac ! GOI is giving 3% discount to all the retail investor.Pls contact your branch to participate in ETF FFO Or Call@ 0651-2331900 for more details;
Regards
Value Management Sol P Ltd (MotiLal Oswal Group).

Vikash Ranjan Sahay, Founder & CEO , Value Management Solution P Ltd, (Exclusive Business Partner of MotiLal Oswal)

Mr. Vikash Sahay can be contacted at +91 9471133334

Actionable: Buy Infosys, United Spirits, KEC International, ICICI Bank

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