Actionable: Buy SBI, Tata Motors, Cadilla.

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.
 
Global market:
DOW:  +433
SGX NIFTY:   +170  (prev.close 14507) (SGX Nifty close price 189 points lower than Nifty 50 close price)
NIFTY 50 : 14696
Sensex : 48690

Institution:
FII:                      -1261 Cr
DII:                      -704 Cr

NSE:
Advances: 1542 / Declines: 1537

Currency:
Dollar: $ 73.42
Dollar Index: 90.73

Commodity:
Gold: $1823  per ounce
Crude: $66.70  per barrel

Bonds:
10 year US bond rate: 1.66
10 year Indian Bond rate: 6.01

Derivative:
PCR: 0.91
VIX:  20.08

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.

Results update:
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.

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