Actionable: Buy Max financial, DLF and SBI card.

From the Advisory desk : Vikash Sahay

27-July-2021

Market Outlook: Asian market have started in green by a quarter percent. SGX Nifty is up by 35 points. Albiet FIIs having sold close to Rs 15000 crore in cash in the month so far, Nifty is holding the level of 15750 on back of strong recovery in economy and good quarterly results. Nifty is likely to face resistance at 15900 and support at 15600.

Actionable: Buy Max financial, DLF and SBI card.

Global market:
DOW: +82
SGX NIFTY: +45 (prev.close 15821)
NIFTY 50 : 15824
Sensex : 52852

Institution:
FII: -2377 Cr
DII: +1551 Cr

NSE:
Advances: 1777 / Declines: 1573

Currency:
Dollar: $ 74.40
Dollar Index: 92.59

Commodity:
Gold: $1797 per ounce
Crude: $73.90 per barrel

Bonds:
10 year US bond rate: 1.28
10 year Indian Bond rate: 6.17

Derivative:
PCR: 0.93
VIX: 12.45

Securities in Ban: CANBK, IDEA, NALCO, SAIL

Derivatives view: On option front, Maximum Put OI is at 15800 followed by 15000 strike while maximum Call OI is at 16000 followed by 15900 strike. Call writing is seen at 15900 then 15800 strike while Put writing is seen at 15800 then 15700 strike. Option data suggests a broader trading range in between 15700 to 16000 zones

Leave a Reply

Your email address will not be published. Required fields are marked *