Actionable: Buy Sun pharma, Metropolis, Radico khaitan.

Insight Online News

From Advisory Desk : Vikash Sahay

30th December 2021

Market Outlook: US markets closed at record highs on thin volumes. However, futures are trading in slightly negative. Asian markets have started on mixed note, with SGX Nifty is indicating a flat opening on concern of resurgence in covid cases. Yesterday, indian markets moved in tight range bound and closed in red due to some profit booking. Today being monthly expiry, we expect volatility to be higher with Nifty’s range to be 17100-17300 and Bank nifty’s range to be 34750-35350.

Actionable: Buy Sun pharma, Metropolis, Radico khaitan.

Global market:
DOW:  +90
SGX NIFTY:   +25  (prev.close 17213)
NIFTY 50 : 17213
Sensex : 57806

Institution:
FII:                    -975 Cr
DII:                   +1007 Cr

NSE:
Advances: 2053 / Declines: 1334

Currency:
Dollar: $ 74.74
Dollar Index: 95.90

Commodity:
Gold: $1803  per ounce
Crude: $79.35  per barrel

Bonds:
10 year US bond rate: 1.55
10 year Indian Bond rate: 6.46

Derivative:
PCR: 0.99
VIX:  16.24

Securities in Ban: IDEA, IBULHSGFIN, RBL Bank.

Derivative View : VIX closed at 16.24. Immediate max Put OI is at 17000 then 17100. Max Call OI is at 17300 then 17400. Option data suggests a trading range between 17000 to 17400.

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