From Advisory Desk 28th : Vikash Sahay
May 2021 Market outlook: US markets ended positive. Asian markets are up by half a percent and SGX Nifty has started up by 60 points. Nifty is mere 100 points away from life high. June rollover stood at 77% vs an average of 75%. FIIs long-short ratio in Index future at 89% is multi year high of last 5 years. Covid cases are on decline and unlocking themed stocks would be in focus.
Actionable: Buy SBI, SAIL, Infosys, Ultratech.
Global market:DOW: +141SGX NIFTY: +60 (prev.close 15414) (Sgx Nifty close price 77 points higher than Nifty 50 close price)NIFTY 50 : 15337Sensex : 51115Institution:FII: -661 CrDII: +112 CrNSE:Advances: 1705 / Declines: 1422Currency:Dollar: $ 72.59Dollar Index: 90.09Commodity:Gold: $1894 per ounceCrude: $69.35 per barrelBonds:10 year US bond rate: 1.6110 year Indian Bond rate: 5.99Derivative:PCR: 0.92VIX: 19.91Today’s results announcement: M&M, Glenmark pharma, IPCA labs, ABFRL, REC, NCC, GMM Pfaulder, Heidelberg cement, Indian bank, ITD cementation, Dilip buildcon, Max health, deepak fertilisers, force motors, VMART. Results update:Above estimates: Alkyl amines,Inline estimates: Sun pharma, Eicher motors, Cadila healthcare, page industriesBelow estimates: Strides pharma, Aegis logistics Updates: Metals: HRC prices continued to increase and hits new high in US, also prices up in across EU market and china due to low supply and strong demand.Securities in BAN: NIL. Derivative View : VIX closed at 19.91. Max Put OI is at 15200 then 15000. Max Call OI is at 15700 then 15500. Option data suggests a trading range between 15000 to 15700.