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Actionable – Buy SBI, Axis Bank, ICICI Bank, Titan, Divis Lab.

Actionable – Buy SBI, Axis Bank, ICICI Bank, Titan, Divis Lab.
January 11
06:28 2019

From Advisory Desk – 11-January; Vikash Sahay

Global market & Events:

DOW: +122 (Optimism over U.S.-China Trade Negotiations)

SGX NIFTY: +26

Dollar: 70.41 vs 70.47

Gold: 1290 per ounce vs 1292 per ounce

Crude: 61.23 vs 60.84

US bond rate: 2.73 percent vs 2.68 percent
India Bond rate: 7.59 percent vs 7.53 percent

VIX: 15.35 vs 15.27

FII: -344 Cr
DII: +10 Cr

Actionable – Buy SBI, Axis Bank, ICICI Bank, Titan, Divis Lab.

Updates :-

NCLT resolutions, Strong loan growth, higher treasury income , expected lower NPA are positive for banks especially corporate banks. Continue with our Buy Recommendations on ICICI Bank, SBIN, Axis Bank.

TCS Result Update – Revenue in line with the expectation but EBITDA margin missed the expectation by 0.9% led by higher cost in US due to escalating sub-contractors cost and overall employee cost . Valuation expensive and margin pressure to continue going forward. We have natural view on stock.

Derivatives View – India VIX closed at 15.31 level. Put writing is seen at 10800 then 10900 strike whereas Call writing is seen at 11000 then 11400 strike. Option band signifies a broader trading range in between 10700 to 11000 zones Lower VIX and Option Data Suggest buy on DIP Strategy.

 

Vikash Ranjan Sahay, Founder & CEO , Value Management Solution P Ltd, (Exclusive Business Partner of MotiLal Oswal)

Mr. Vikash Sahay  can be contacted at +91 9471133334

Actionable – Buy Axis Bank, ICICI Bank, HDFC Ltd, SBI, ITC, BATA India.

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