From Advisory Desk : Vikash Sahay
21st September 2020 : Market Outlook: US markets ended lower by a percent as there could be further delay in passing of additional stimulus. Asian markets are trading in mix ahead of China new interest rates declaration today. SGX Nifty is trading lower by 30 points. Nifty Pharma emerged strongly in the last week of trading and thus holding Nifty at current levels. In this week, Three new IPO launch and one listing of IPO will keep the Primary market active. However we expect profit booking in Nifty at 11600.
Actionable: Buy Lupin, Grasim and HCL Tech
IPO Listing : Route mobile shares to start trading in exchanges today after oversubscribed by 73 times.
CAMS( Subscribe): IPO will open today for subscription and closes on 23rd Sep 2020 at a price band of Rs.1229- 1230 per share.
Chemcon Specility Chemicals Ltd( Subscribe): IPO will open today for subscription and closes on 23rd Sep 2020 at a price band of Rs.338- 340 per share.
SGX NIFTY: -40 (prev.close 11519)
NIFTY 50 : 11504
Sensex : 38845
FII: +205 Cr
DII: -101 Cr
Advances: 1267 / Declines: 1471
Dollar: $ 73.44
Gold: $1959 per ounce
Crude: $43.10 per barrel
10 year US bond rate: 0.70
10 year Indian Bond rate: 6.01
Dixon Technologies: Govt to reimpose a 5% import duty on open cell panels which constitutes 65% of the total production cost of televisions, will attract duty from 1st October.
STOCKS IN BAN : ADANIENT, BHEL, CANBK, GLENMARK, IDEA, JINDALSTEL, L&TFH, SAIL, TATACHEM, VEDL
Derivative View : VIX closed at 20.05. Max Put OI is at 11500 then 11400. Max Call OI is at 11500 then 11600. Option data suggests a wider trading range between 11400 to 11600