Actionable : Buy SBI Life, Kotak bank, Titan.

Insight Online News

From Advisory Desk : Vikash Sahay

29th December 2020 : Market Outlook: Dow futures up by another 100 points after US markets ended at record highs. Asian markets are trading flat to positive, SGX Nifty is trading higher by 50 points. Gold again back to near $1900 levels. According to FICCI’s latest survey findings, India could benefit from the likely shift in supply chains to other economies as a result of the Covid-19 pandemic. Overall market structure is very strong and thus maintain buy on dips strategy.

Actionable: Buy SBI Life, Kotak bank, Titan.

Global market:
DOW: +204
SGX NIFTY: +50 (prev. close 13888)
NIFTY 50 : 13873
Sensex : 47353

FII: +1589 Cr
DII: -1387 Cr

Advances: 1972 / Declines: 1046

Dollar: $ 73.50

Gold: $1880 per ounce
Crude: $51.20 per barrel

10 year US bond rate: 0.94
10 year Indian Bond rate: 5.93


AU Small Finance Bank: Announced strategic partnership with ICICI Prudential Life Insurance to offer personalised insurance solutions. The bank aims to deliver paperless, secure, and hassle-free life insurance solutions to more than 18 lakh customers through digital platform with ICICI Prudential Life. Further over 700 banking touchpoints of AU Small Finance Bank across 13 states and 2 union territories will receive the entire suite of customer-centric protection and long-term savings products of ICICI Prudential Life for retirement and critical illnesses.

Biocon: Announced the launch of Tacrolimus capsules in the US. Tacrolimus, a calcineurin inhibitor, is an immunosuppressant used in the treatment of organ transplant patients, which reduces the body’s ability to reject a transplanted organ. It has been particularly effective in treating patients of renal transplant for more than two decades.

Securities in Ban: PNB, CANBK, SAIL.

Derivative View – VIX closed at 20.42. Max Put OI is at 13700 then 13800. Max Call OI is at 14000 then 14100. Option data suggests a trading range between 13700 to 14100.

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