Actionable: Buy Maruti, Tata motors, Infosys, Trent.

Insight Online News

From Advisory Desk : Vikash Sahay

17th November 2021

Market Outlook: US Markets closed higher after strong retail sales data in Oct month and better than expected results. Asian markets have started in mix, with SGX Nifty is trading lower by 70 points. Yesterday, Nifty opened positive but failed to hold initial gains and then witnessed sharp selling in the second half of the day, majorly dragged by Banking, Metals and Energy stocks. Auto and IT stocks were top gainers. Most of the global Auto OEM manufacturers are indicating that worst of Semi-Conductor crisis is behind us and hence we can expect further upmove in Auto stocks. One can expect stock specific action will be in momentum.

Actionable: Buy Maruti, Tata motors, Infosys, Trent.

Global market:
DOW:  +54
SGX NIFTY:   -65  (prev.close 18005)
NIFTY 50 : 17999
Sensex : 60322

Institution:
FII:                    -561 Cr
DII:                   +577 Cr

NSE:
Advances: 1568 / Declines: 1765

Currency:
Dollar: $ 74.37
Dollar Index: 95.92

Commodity:
Gold: $1856  per ounce
Crude: $81.70  per barrel

Bonds:
10 year US bond rate: 1.63
10 year Indian Bond rate: 6.36

Derivative:
PCR: 0.88
VIX:  15.19

Updates:

Biocon: Company along with partner Viatris announces the launch of interchangeable biosimilar insulin glargine in the US. Insulin glargine used for diabetes control high blood sugar in adult and pediatric patients with type 1 diabetes and adults with type 2 diabetes.

Securities in Ban: BHEL, IBULHSGFIN, IRCTC, NALCO, PNB, SAIL, SUNTV.

Derivative View : VIX closed at 15.20. Max Put OI is at 17800 then 17900. Max Call OI is at 18200 then 18100. Option data suggests a trading range between 17800 to 18200.

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