From Advisory Desk : Vikash Sahay
Market outlook: Dow Jones closed on life high. Asian markets too are up half a percent and SGX Nifty is trading slightly below 14900. VIX is above level 22. Gold and silver advanced by 2%. FIIs have resumed buying. However the rising covid cases shall limit the market on higher level, ahead of the weekend.
Actionable: Buy SAIL, Hindalco & Balrampur chini.
SGX NIFTY: +75 (prev.close 14797) (SGX nifty prev. close 73 points higher than Nifty 50 prev. close)
NIFTY 50 : 14724
Sensex : 48949
FII: +1223 Cr
DII: -633 Cr
Advances: 1622 / Declines: 1371
Dollar: $ 73.76
Dollar Index: 90.90
Gold: $1815 per ounce
Crude: $68.10 per barrel
10 year US bond rate: 1.57
10 year Indian Bond rate: 5.97
Today’s results announcement: HDFC, Ultratech cement, Dabur, Kansai nerolac paints, Navin Flourine, Cholamandalam investments, Godrej agrovet.
Above estimates: Heromotocorp,Coforge
Below estimates: Tata Consumer
SBI life insurance: Carlyle to sell 3.5% stake in SBI Life for about Rs.3,300 crore through block deals today at a floor price of Rs.945 per share, which implies a discount of 2.5% to previous closing price.
Dr reddy’s and Gland pharma: Russia has authorizes use of Sputnik Light, a one shot coronavirus vaccine after it demonstrated 79.4% efficiency.
Metal Companies: China steel prices hit record high, iron ore and aluminimu are trading at record high in shanghai due to high demand prospects.
Securities in BAN: BHEL, SUNTV, TATACHEM.
Derivative View : VIX closed at 22.03. Max Put OI is at 14500 then 14700. Max Call OI is at 15000 then 14900. Option data suggests a trading range between 14500 to 15000.