Latest News Site

News

Actionable: Buy on Dips Bharti Airtel, ICICI Bank & Infosys for investments

Actionable: Buy on Dips Bharti Airtel, ICICI Bank & Infosys for investments
February 27
05:34 2020
Vikash Sahay
Vikash Sahay

From Advisory Desk

27th February 2020

Market Outlook: The fear of fast spreading COVID 19 outside China keeps the global markets under pressure due to fears of prolonged economic slowdown. DOW closed in red for the 3rd consecutive day. Asian markets were trading mix. SGX Nifty was down by 60 points, when reported. FIIs have sold 6000cr in last three days. Brent crude plunges to $ 52.8/ bbl. Nifty is currently hovering around its 200 DMA (11685) and trading well below its monthly VWAP of 12015. For today’s expiry, trades can sell at higher strike price call options or initiate Bear Put spread (+ 11650 PE – 11600 PE).

Option writers can sell 11550/11500 PE and 11800 CE while for Bank Nifty sell 29600 PE and 30800 CE with strict SL.

Market View: Weak and Volatile, India VIX has given a breakout above 18 levels suggesting high volatility

Actionable: Buy on Dips Bharti Airtel, ICICI Bank & Infosys for investments

RITES OFS: Government plans to sell 5% stake via OFS with an option to sell an additional 5%. The floor price has been fixed at Rs.298 which is 6.6% discount to yesterday’s closing price.

Motilal Oswal

Offer opens for Non- retail today and for retail investors tomorrow (28th Feb). For retail investors, shares will be allocated at a discount of Rs.8 per share on cut off price.

Global market:
DOW: -123
SGX NIFTY: -56 (prev.close 11725)
NIFTY 50 : 11678
Sensex : 39888

Institution:
FII: -3337 Cr
DII: +2786 Cr

NSE:
Advances: 448 / Declines: 1146

Currency:
Dollar: $ 71.66

Commodity:
Gold: $1652 per ounce
Crude: $52.09 per barrel (down 1.33%)

Bonds:
10 year US bond rate: 1.34
10 year Indian Bond rate: 6.33

Updates:

Hindustan Unilever: Chandigarh NCLT bench approved the merger of GSK Consumer Healthcare and Hindustan Unilever. The effective date of the merger is likely to be announced soon.

Derivative View : VIX closed at 18.26. Max Put OI is at 11600 then 11500 strike while Max Call OI is at 11800 then 11900 strike. Option data indicates a trading range between 11500 to 11800 zone.

Vikash Ranjan Sahay, Founder & CEO , Value Management Solution P Ltd, (Exclusive Business Partner of MotiLal Oswal)

Mr. Vikash Sahay can be contacted at +91 9471133334

Actionable: Buy Bharti Airtel, MindTree, Tata Global,
TBZ
G.E.L Shop Association
Novelty Fashion Mall
Krsna Restaurant
Motilal Oswal
Chotanagpur Handloom
Kamalia Sales
Home Essentials
Raymond

About Author

admin_news

admin_news

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Only registered users can comment.

Sponsored Ad

SPONSORED ADS SPONSORED ADS SPONSORED ADS SPONSORED ADS SPONSORED ADS

LATEST ARTICLES

    Address the grievances of migrant labourers: Govt to states

Address the grievances of migrant labourers: Govt to states

Read Full Article