Actionable: Buy Max Health, Tata motors, Tata Communications.

Insight Online News

From Advisory Desk : Vikash Sahay

3rd January 2022

Market Outlook: Globally, the markets have started the week on a flat to positive note, with SGX Nifty is indicating a flat opening. GST collections remained strong in Dec month, signifying robust economic recovery. Last week, Nifty ended the last day of the year on high note by surpassing immediate resistance zone. Going forward, markets to take a direction based on Covid cases and Q3 results. Auto sales numbers have been a mixed bag however, Tata motor numbers showed a strong growth.

Actionable: Buy Max Health, Tata motors, Tata Communications.

Global market:
DOW:  -59
SGX NIFTY:   +20  (prev.close 17439)
NIFTY 50 : 17354
Sensex : 58253

Institution:
FII:                    +575 Cr
DII:                   +1166 Cr

NSE:
Advances: 2413 / Declines: 975

Currency:
Dollar: $ 74.33
Dollar Index: 95.77

Commodity:
Gold: $1829  per ounce
Crude: $78.09  per barrel

Bonds:
10 year US bond rate: 1.51
10 year Indian Bond rate: 6.45

Derivative:
PCR: 0.88
VIX:  16.22

Update:

Dmart Q3 biz update: Company has posted highest quarterly revenue ever which is at Rs.9065 cr, grew by 22% yoy and 16% qoq. Co added 17 stores in Q3 and total no of stores stood at 263.

Securities in Ban: Nil.

Derivative View : VIX closed at 16.22. Immediate max Put OI is at 17300 then 17200. Max Call OI is at 17500 then 17400. Option data suggests a trading range between 17200 to 17500.

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