Actionable: Buy M&M, DLF, Infosys, Voltas


From Advisory Desk : Vikash Sahay

8th October 2021
 
Market Outlook: Global markets closed in green and even futures are trading higher by a quarter percent. Asian markets have started trading in flat to positive. Yesterday, Indian markets opened gap up and continued the positive momentum with Auto, Realty , IT stocks being the top gainers. Now, Nifty has to break the crucial resistance zone of 17900-17950 for further upward journey. Today, focus would be on RBI policy announcment at 10 AM.
 
Actionable: Buy M&M, DLF, Infosys, Voltas.
 
Global market:
DOW:  +337
SGX NIFTY:   +35  (prev.close 17815)
NIFTY 50 : 17790
Sensex : 59677

Institution:
FII:                     -1764 Cr
DII:                    +2529 Cr

NSE:
Advances: 2174 / Declines: 1125

Currency:
Dollar: $ 74.78
Dollar Index: 94.20

Commodity:
Gold: $1758  per ounce
Crude: $82.60  per barrel

Bonds:
10 year US bond rate: 1.59
10 year Indian Bond rate: 6.27

Derivative:
PCR: 0.91
VIX:  16.15

Today’s results announcement: TCS.

Updates:
 
TCS: As per reports, company is vying to take part in a massive $50 billion IT procurement contract floated by US governments National institute of Health.

Oberoi realty Q2 update: Company reported that 200 units were booked vs 45 in Q2 FY21. The sales bookings at Rs. 828 crore for the quarter on improved housing demand driven by low mortgage rates.

Securities in BAN: CANBK, IBUHSGFIN, NALCO, PNB, SAIL.
 
Derivative View : VIX closed at 16.15. Max Put OI is at 17700 then 17600. Max Call OI is at 17800 then 18000. Option data suggests a trading range between 17600 to 18000.

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