Actionable: Buy Sun Pharma & Cipla.

Insight Online News

From Advisory Desk : Vikash Sahay

19th April 2021 Market outlook: Dow futures have started the week with marginally in red. Asian markets have started in green, however SGX Nifty is indicating Nifty opening below 14500 as the rising covid cases and lack of medical facilities to address the one’s who are infected.

Actionable: Buy Sun Pharma & Cipla.

Global market:
DOW:  +164
SGX NIFTY:   -190  (prev.close 14641)
NIFTY 50 : 14617
Sensex : 48832

Institution:
FII:                     +438 Cr
DII:                     +658 Cr

NSE:
Advances: 1654 / Declines: 1240

Currency:
Dollar: $ 74.35
Dollar Index: 91.72

Commodity:
Gold: $1777  per ounce
Crude: $66.40  per barrel

Bonds:
10 year US bond rate: 1.57
10 year Indian Bond rate: 6.09

Derivative:
PCR: 0.88
VIX:  20.40

Today’s results announcement: ACC, Bajaj Consumer, Crisil, ICICIPRU.

Results Update:

Above estimates: Mindtree, ICICI Lombard
Inline estimates: HDFC Bank

Updates:

Glenmark pharma: The company’s subsidiary Glenmark Life sciences has filed preliminary papers with SEBI to start the process for it IPO.

Securities in BAN: SAIL, SUN TV.

Derivative View : VIX closed at 20.40. Max Put OI is at 14500 then 14300. Max Call OI is at 14700 then 14800. Option data suggests a trading range between 14300 to 14800.

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