From Advisory Desk : Vikash Sahay
Market outlook: Dow futures is trading a quater percent lower and Asian markets have slided over half a percent, after opening flat. SGX Nifty is trying to hold at 14750. FIIs were the buyers with Rs 809 cr. Yesterday all sectors turned red except Metals. VIX is above 23. Markets may remain volatile as the fear of lockdown arises in midst of rising covid cases.
Actionable: Buy SAIL, Dalmia bharat, Cipla.
Metal basket: Buy Hindalco, JSW steel,Tata steel, VEDL, Jindal steel, National aluminum, NMDC, SAIL. (Still there is lot of opportunity to buy at this level).
SGX NIFTY: -190 (prev.close 14931)
NIFTY 50 : 14894
Sensex : 49765
FII: +809 Cr
DII: -942 Cr
Advances: 1373 / Declines: 1574
Dollar: $ 74.04
Dollar Index: 90.61
Gold: $1768 per ounce
Crude: $67.90 per barrel
10 year US bond rate: 1.65
10 year Indian Bond rate: 6.06
Today’s results announcement: Reliance industries, Indusind bank, Marico, Yes bank, Indian hotels, Can fin homes, Ajanta pharma, Atul, RPG life sciences, Shirran city union finance, Trent.
Above estimates: Ambuja cements, HUL, Dalmia bharat, Exide industries, Persistant systems, sterlite technologies, Laurus labs
Inline estimates: Bajaj Auto, Titan, SRT finance, AU small finance bank, India Mart
Below estimates: Zensar technologies, Coromandel international
Wipro: Company revises its outlook for Q1 after the completion of recent acquisition Capco, expects revenue from IT services business to be in the range of $2324 to $ 2367 million which translates to a sequential growth of 8-10% vs 2-4% earlier. This does not include revenue from recently acquisition of Ampion.
Securities in BAN: NIL.
Derivative View : VIX closed at 23.30. Max Put OI is at 14500 then 14600. Max Call OI is at 15000 then 15200. Option data suggests a trading range between 14500 to 15200.