Actionable : Buy SAIL & ICICI Bank.

From Advisory Desk : Vikash Sahay

26th March 2021 : Market outlook: US markets closed higher by half a percent. Asian markets too are trading in green with SGX Nifty trading above 14500. FIIs have sold Rs 6500 cr in cash in this week so far. VIX is slightly below 23. In short term view, markets are experiencing selling pressure on every rise due to concern of rising covid cases in various parts of our country. However for a longer view, we remain optimistic on market.

Actionable: Buy SAIL & ICICI Bank.

Global market:
DOW:  +199
SGX NIFTY:   +85  (prev.close 14431)
NIFTY 50 : 14324
(closing gap of 107 points between Sgx nifty and Nifty 50)
Sensex : 48440

Institution:
FII:                     -3384 Cr
DII:                    +2268 Cr

NSE:
Advances: 706 / Declines: 2247

Currency:
Dollar: $ 72.62
Dollar Index: 92.76

Commodity:
Gold: $1726  per ounce
Crude: $62.45  per barrel

Bonds:
10 year US bond rate: 1.63
10 year Indian Bond rate: 6.13

Derivative:
PCR: 0.89
VIX:  22.69

Securities in BAN: NIL.

Derivative View : VIX closed at 22.69. Max Put OI is at 14000 then 14300. Max Call OI is at 14700 then 14500. Option data suggests a trading range between 14000 to 14700.

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