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Actionable : Buy Reliance Industries, Nestle, ICICI Bank

Actionable : Buy Reliance Industries, Nestle, ICICI Bank
January 20
05:31 2020

From Advisory desk

20th January 2020

Market Outlook : Dow Jones closed an quarter percent higher. Ahead of People bank of China’s monetary policy announcement, Asian markets were trading mix in early trades.

Motilal Oswal

SGX Nifty was up by 27 points. We expect Nifty to be in the trading range of 12200 -12500.

Actionable : Buy Reliance Industries, Nestle, ICICI Bank, Manappuram & Dr Reddy.

Results Update :
Above Estimates : HCL Technologies, Jindal Steel.
Inline Estimates : HDFC Bank, Reliance Industries, TCS.
Below Estimates : ICICI Lombard, L&T Fin, LTTS.

Results Today: Kotak Mahindra Bank, Can Fin Homes, Just Dial, KEI Industries, Federal Bank, Hindustan Zinc & ICICI Securities.

Global market:
DOW: +50
SGX NIFTY: +15 (prev.close 12382)
NIFTY 50 : 12352
Sensex : 41945

Institution:
FII: +264 Cr
DII: -500 Cr

Currency:
Dollar: $ 71.08

Commodity:
Gold: $1557 per ounce
Crude: $65.61 per barrel (up 0.75%)

Bonds:
10 year US bond rate: 1.83
10 year Indian Bond rate: 6.62

Updates :

Lupin : US FDA completed inspection at Lupin’s API plant in Vizag with five observations.

NMDC : NMDC has increased iron ore product prices for the second time in January 2020 and effective from Jan 26th. It has hiked prices of lumps by Rs.400/ton and fine ore by Rs.350/ton.

Derivative View : VIX closed at 14.12. Max Put OI is at 12300 then 12200 strike, while Max Call OI is at 12400 then 12500 strike. Option data indicate a trading range between 12200 to 12500 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, PVR, Berger Paints & IGL.

TBZ
G.E.L Shop Association
Novelty Fashion Mall
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Akash
Swastik Tiles
Reshika Boutique
Paul Opticals
Metro Glass
Krsna Restaurant
Motilal Oswal
Chotanagpur Handloom
Kamalia Sales
Home Essentials
Raymond

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Fayim Md

Fayim Md

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