From Advisory Desk 7th April 2021
Market outlook: US markets ended a quater percent lower, ahead of result season. Asian markets trading flat to negative and SGX Nifty is trading flat. FIIs sold Rs 1100 cr in cash. Today RBI will announce policy at 10 am, thus it will keep markets volatile.
Actionable: Buy Sun Pharma, Tata Consumer, Tata Elxsi.
SGX NIFTY: +20 (prev.close 14745)
NIFTY 50 : 14683
(closing gap of 62 points between Sgx nifty and Nifty 50)
Sensex : 49201
FII: -1093 Cr
DII: +417 Cr
Advances: 1646 / Declines: 1241
Dollar: $ 73.43
Dollar Index: 92.28
Gold: $1739 per ounce
Crude: $62.85 per barrel
10 year US bond rate: 1.66
10 year Indian Bond rate: 6.12
Tata steel Q4 update: Tata steel india achieved highest ever production of 4.75 in tons with a 3% QoQ growth and sales increased by 16% YoY to 4.67 mn tons in Q4. During the quarter, Tata steel europe production increased to 2.65 mn tons and sales volumes rose by 18% QoQ and 4% YoY.
Securities in BAN: SAIL.
Derivative View : VIX closed at 20.84. Max Put OI is at 14500 then 14400. Max Call OI is at 15000 then 14800. Option data suggests a trading range between 14400 to 15000.