Actionable: Buy Max Financials, ICICI Bank, Bajaj Finance, Siemens & Titan

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

Global market:
DOW:  +424
SGX NIFTY:   +30  (prev.close 14994) as per extended mkt hrs closing in nifty future
NIFTY 50 : 14982
Sensex : 50781

Institution:
FII:    +28739 Cr (29460 cr. block deal Boshch  ltd.)
DII:    +230 Cr

NSE:
Advances: 1806 / Declines: 1120

Currency:
Dollar: $ 72.32
Dollar Index: 90.11

Commodity:
Gold: $1800  per ounce
Crude: $66.30  per barrel

Bonds:
10 year US bond rate: 1.40
10 year Indian Bond rate: 6.15

Derivative:
PCR: 0.81
VIX:  23.95

Updates:

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.

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