Actionable: Buy Tata consumer, ICICI lombard & Reliance industries.

Insight Online News

From Advisory Desk : Vikash Sahay

27th August 2021
 
Market Outlook: Nifty gained 860 points in August series with strong rollover of 84% for September series. The triggers for September series would be revival of economy, festive season demand, Controlling wave 3, and scaling up vacination drive. Nifty IT and FMCG ruled the entire month. Large caps contributed the run. We expect Nifty to open around 16650 on back of flat global cues and ahead of Jackson Hole speech, tonight.

Actionable: Buy Tata consumer, ICICI lombard & Reliance industries.

Global market:
DOW:  -192
SGX NIFTY:   -10  (prev.close 16668)
NIFTY 50 : 16636
Sensex : 55949

Institution:
FII:                      -1974 Cr
DII:                     +1055 Cr

NSE:
Advances: 1672 / Declines: 1520

Currency:
Dollar: $ 74.22
Dollar Index: 93.11

Commodity:
Gold: $1797  per ounce
Crude: $70.45  per barrel

Bonds:
10 year US bond rate: 1.34
10 year Indian Bond rate: 6.25

Derivative:
PCR: 1.03
VIX:  13.53

Securities in BAN:  NIL.
 
Derivative View : VIX closed at 13.53. Max Put OI is at 16600 then 16500. Max Call OI is at 16700 then 16800. Option data suggests a trading range between 16500 to 16800.

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