From Advisory Desk : Vikash Sahay
10th June 2021
Market outlook: US markets closed in red, ahead of inflation data and falling bond yields. Asian markets are trading in green by half a percent, including SGX Nifty which is up by 40 points. VIX has come down below 15, lowest since March 2020. FIIs and DIIs combined sold over Rs 1100 cr. Yesterday, FIIs sold Rs 7700 cr in F&O. Today being a weekly expiry, we expect Nifty to be in range of 15450-15800 and Bank Nifty to be 34250-35500.
Actionable: Buy SAIL (Buy only in cash as its banned in F&O), Aarti Industries and Tata Power.
SGX NIFTY: +35 (prev.close 15672)
NIFTY 50 : 15635
Sensex : 51941
FII: -846 Cr
DII: -272 Cr
Advances: 1387 / Declines: 1808
Dollar: $ 72.98
Dollar Index: 90.18
Gold: $1887 per ounce
Crude: $71.55 per barrel
10 year US bond rate: 1.49
10 year Indian Bond rate: 6.02
Adani enterprises: Company is planning to list airport business mostly by this year ending as per reports and is targeting a valuation of Rs. 25,000-29,000 crores for the business. Also, expected to raise Rs. 3,500 crore through a private placement of shares in Adani Airports Holdings before an IPO for Capex.
GAIL: Company will monetize some of its pipelines by selling a minority stake through InvIT as per management. InvIT will replace earlier plan to spin off its pipeline business into a separate unit.
Securities in BAN: BHEL, CANBK, NALCO, SAIL, SUNTV.
Derivative View : VIX closed at 14.75. Max Put OI is at 15600 then 15700. Max Call OI is at 15700 then 15800. Option data suggests a trading range between 15500 to 15800.