Insight Online News
From Advisory Desk : Vikash Sahay
14th May 2021 Market outlook: Albeit US bond yield surged to 1.66% but Dow Jones managed to close over one percent. Asian markets too are up by half a percent and SGX Nifty is trading around 14700. VIX is slightly above the level of 20. Nifty is facing resistance at higher level of 14900-15000.
Actionable: Buy SBI, Tata Motors, Cadilla.
SGX NIFTY: +170 (prev.close 14507) (SGX Nifty close price 189 points lower than Nifty 50 close price)
NIFTY 50 : 14696
Sensex : 48690
FII: -1261 Cr
DII: -704 Cr
Advances: 1542 / Declines: 1537
Dollar: $ 73.42
Dollar Index: 90.73
Gold: $1823 per ounce
Crude: $66.70 per barrel
10 year US bond rate: 1.66
10 year Indian Bond rate: 6.01
Today’s results announcement: L&T, Dr reddy’s, Cipla, AB Capital, Balkrishna industries, Escorts, HIL, Indigo paints, Just dial, Mindspace business park’s REIT, Oberoi realty, Rossari Biotech.
Above estimates: UPL, Tata power, Orient electric, Hindalco( Novelis), Apollo tyres, IEX, BSE, Polycab
Inline estimates: Asian paints, Pidilite industries, Birla corporation, Vedanta, KEC international, JSPL, Voltas
Below estimates: Lupin
Securities in BAN: BHEL, CADILAHC, CANBK, PNB, SUNTV.
Derivative View : VIX closed at 20.08. Max Put OI is at 14500 then 14700. Max Call OI is at 15000 then 14800. Option data suggests a trading range between 14500 to 15000.