Actionable: Buy L&T, Balrampur Chinni, Hindalco.

Insight Online News

From Advisory Desk : Vikash Sahay

14th January 2022

Market Outlook: US markets fell sharply by upto 2.5%, with NASDAQ leading the losses as inflation fears intensify after CPI hits 39-year high which is at 7% in Dec month and also FED officals signaled their intention to combat inflation aggressively. Asian markets have started on a weak note, with SGX Nifty is trading lower by a quarter percent. Yesterday, indian markets witnessed a slightly volatile session after the recent rally and finally closed in green. Metals and pharma stocks were the top gainers while banking and financials stocks were the draggers. We remain positive on markets however profit booking may not be ruled out. Traders are advised to trail SL to 18080.

Actionable: Buy L&T, Balrampur Chinni, Hindalco.

Global market:
DOW:  -176
SGX NIFTY:   -45  (prev.close 18300)
NIFTY 50 : 18257
Sensex : 61235

Institution:
FII:                     -1391 Cr
DII:                    +1065 Cr

NSE:
Advances: 1708 / Declines: 1715

Currency:
Dollar: $ 73.88
Dollar Index: 94.77

Commodity:
Gold: $1822  per ounce
Crude: $84.15  per barrel

Bonds:
10 year US bond rate: 1.72
10 year Indian Bond rate: 6.56

Derivative:
PCR: 0.97
VIX:  16.70

Today’s results announcement: HCL technologies, Tinplate.

Results update:

Above estimates: Mindtree

Below estimates: Tata metaliks

Securities in Ban: IBULHSGFIN, IDEA, SAIL.

Derivative View : VIX closed at 16.70. Immediate max Put OI is at 18000 then 18200. Max Call OI is at 18300 then 18500. Option data suggests a trading range between 18000 to 18500.

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