Actionable: Buy Real estate basket, ISEC, Hindalco & Birla Corp.

From Advisory Desk : Vikash Sahay

16th July 2021
 
Market Outlook: SGX Nifty is indicating Nifty’s opening around 15950. Nifty reality index continues to be in strong uptrend and trading at 10 year high level. US markets ended in mix and Asian markets are trading lower by half a percent. FIIs have been continues seller on cash market, however they have been the buyers in Index futures for the entire week. Going forward, we feel that the markets will be driven by quarterly results of the company.

Actionable: Buy Real estate basket, ISEC, Hindalco & Birla Corp.
 
Tatva Chintan Pharma Chem Ltd ( Subscribe): IPO opens today for subscription and closes on 20th July, 2021. IPO issued at a price band of Rs.1073-1083 per share.

Global market:
DOW:  +53
SGX NIFTY:   +30  (prev.close 15921)
NIFTY 50 : 15924
Sensex : 53158

Institution:
FII:                      -265 Cr
DII:                     +439 Cr

NSE:
Advances: 1645 / Declines: 1587

Currency:
Dollar: $ 74.54
Dollar Index: 92.61

Commodity:
Gold: $1827  per ounce
Crude: $73.45  per barrel

Bonds:
10 year US bond rate: 1.31
10 year Indian Bond rate: 6.12

Derivative:
PCR: 0.95
VIX:  12.27

Today’s results announcement: HDFC AMC, L&TFH, Just dial, Den networks.

Results update
Above estimates: Wipro, Angel broking
Inline estimates: Cyient, LTI, Tata Elxsi

Securities in BAN: GRANULES, IBULHSGFIN, IDEA, NALCO, NMDC, PNB, SUNTV, SAIL.
 
Derivative View : VIX closed at 12.27. Max Put OI is at 15800 then 15700. Max Call OI is at 16200 then 16000. Option data suggests a trading range between 15700 to 16200.

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