Insight Online News
From Advisory Desk 25th February 2021
Market Outlook: US drug regulator announced Johnson & Johnson drug to be safe and effective for use. This led US markets to surge upto 2%. Asian markets too are up by 1.5%. Yesterday Nifty managed to close near about 2% higher, led by Banks and financials. Today being a monthly expiry, we expect Nifty to be in the range of 14900-15200 & Bank Nifty to be in the range of 36000-37250
Actionable: Buy Max Financials, ICICI Bank, Bajaj Finance, Siemens & Titan
SGX NIFTY: +30 (prev.close 14994) as per extended mkt hrs closing in nifty future
NIFTY 50 : 14982
Sensex : 50781
FII: +28739 Cr (29460 cr. block deal Boshch ltd.)
DII: +230 Cr
Advances: 1806 / Declines: 1120
Dollar: $ 72.32
Dollar Index: 90.11
Gold: $1800 per ounce
Crude: $66.30 per barrel
10 year US bond rate: 1.40
10 year Indian Bond rate: 6.15
Axis bank and Max financials: IRDA has given its approval for the acquisition of upto 12% in Max life insurance by Axis bank and its subsidiaries.
Hospitals: Government in talks with Private Hospitals for next phase of COVID vaccination drive.
Securities in BAN: PNB, SAIL
Derivative View : VIX closed at 24.16. Max Put OI is at 14900 then 14800. Max Call OI is at 15200 then 15100. Option data suggests a trading range between 14800 to 15200.