Actionable: Buy Tata elxsi, Cipla, AU bank, M&M.

From Advisory Desk : Vikash Sahay

30th June 2021
 
Market outlook: Nifty failed again to cross 16000 and continued to face resistance at 15900. To make an upward move, it has to cross  psychological level of 16000, until than, we may see stock specific action. SGX Nifty is up by mere 25 points. Gold has come down sharply in one month, as dollar index surged beyond 92. US markets closed flat and Asian markets are trading flat to positive, ahead of China’s PMI data release.

Actionable: Buy Tata elxsi, Cipla, AU bank, M&M.

Global market:
DOW:  +9
SGX NIFTY:   +35  (prev.close 15787)
NIFTY 50 : 15748
Sensex : 52549

Institution:
FII:                      +117 Cr
DII:                     +1810 Cr

NSE:
Advances: 1587 / Declines: 1639

Currency:
Dollar: $ 74.22
Dollar Index: 92.02

Commodity:
Gold: $1764  per ounce
Crude: $74.75  per barrel

Bonds:
10 year US bond rate: 1.48
10 year Indian Bond rate: 6.04

Derivative:
PCR: 0.83
VIX:  13.00

Updates:
 
Metals: Govt has extended Anti dumping duty on Hot- rolled & Cold- rolled alloy or non alloy steel products coming from china, Korea, japan, Russia and Brazil till December, 2021.
 
Reliance industries: Reliance and Abu Dhabi national oil company sign strategic partnership for world- scale chemical projects in Ruwais, plants to produce chlor-alkali, ethylene dichloride and polyvinyl chloride.
 
NTPC: Planning to bring IPO of its subsidiary NTPC Renewable energy to raise funds for achieving its ambitious target of 60 GW installed renewable energy capacity by 2032.
 
FMCG Companies: Govt has reduced import duty on crude palm oil to 10% from 15% earlier till September 30, 2021 to cool down edible oil prices in domestic markets. Positive for companies like Marico, HUL, Godrej agrovet  etc.

Securities in BAN: NALCO.
 
Derivative View : VIX closed at 13. Max Put OI is at 15700 then 15600. Max Call OI is at 15900 then 15800. Option data suggests a trading range between 15600 to 15900.

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