Actionable: Buy SAIL, SBI, United spirits, ACC.

Insight Online News

From Advisory Desk : Vikash Sahay

1st November 2021

Market Outlook:  After a week of correction and profit booking we are starting the Diwali week on a positive note, with SGX nifty is trading higher by 40 points. Over next couple of days, markets would be closely monitering outcome of FOMC meet, Auto sales number and Q2 results. One has to be very stock selective in this market and immediate support for Nifty at 17,450-17,500 level.

Actionable: Buy SAIL, SBI, United spirits, ACC.

Global market:
DOW:  +89
SGX NIFTY:   +40  (prev.close 17750)
NIFTY 50 : 17671
Sensex : 59306

Institution:
FII:                     -5143 Cr
DII:                    +4343 Cr

NSE:
Advances: 1347 / Declines: 1902

Currency:
Dollar: $ 74.88
Dollar Index: 94.18

Commodity:
Gold: $1786  per ounce
Crude: $83.80  per barrel

Bonds:
10 year US bond rate: 1.57
10 year Indian Bond rate: 6.39

Derivative:
PCR: 0.91
VIX:  17.42

Today’s results announcement: HDFC, Tata motors, IRCTC, Chambal fertilizers, Whirlpool, AB Capital, Allcargo, Bajaj Consumer, Bayer crop science, Devyani international, Dollar industries, Graphite india, Lux industries, Nilkamal, Parag milk, Phoenix mills, Relaxo footwear, Rolex rings Rupa, SCI, SPARC, Venky’s, VIP clothing.

Results update:
Above estimates: BPCL, Dr reddy’s, GSK pharma, Ajanta pharma, TCI, Shree cements, GAIL, Varun beverages, Escorts, Exide industries, BEL, SRT finance, Voltas, Oberoi realty, SAIL, CDSL
Inline estimates: UPL, Cadila healthcare, Emami
Below estimates: Bandhan bank

Updates:

Reliance industries: Company announces to launch Jiophone Next on  Diwali at a price of Rs.6.499, with initial payment of Rs.1999 and remaining through EMI option.

Mumbai based Realty stocks: As per reports, Property registrations in mumbai have maintained a record setting spree. October has recorded 8,307 registrations which is a decadal high due to low interest rates, festive sentiment and offers by developers are prompting home buyers.

Securities in BAN: PNB.

Derivative View : VIX closed at 17.42. Max Put OI is at 17500 then 17600. Max Call OI is at 17800 then 17900. Option data suggests a trading range between 17500 to 17900.

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