Actionable: Buy Tata Motors, Jindal Steel

Insight Online News

From Advisory Desk : Vikash Sahay

22nd January 2021 ; Market Outlook – Dow Jones ended flat and Asian markets are trading half a percent lower, including SGX Nifty which is down by 50 points. Yesterday PSU Bank was the most hit segment. FIIs bought 1600 cr worth of stock. RBI’s monthly economy report hinted about space of rate cut. Quaterly results are driving the market.

Actionable: Buy Tata Motors, Jindal Steel

Home First Finance Ltd( Subscribe): IPO opened yesterday for subscription and closes on Jan 25, 2021. Issued at a price band of Rs.517-518 per share.

Global market:
DOW: -12
SGX NIFTY: -20 (prev.close 14643)
NIFTY 50 : 14590
Sensex : 49624

Institution:
FII: +1615 Cr
DII: -1039 Cr

NSE:
Advances: 1036 / Declines: 1983

Currency:
Dollar: $ 72.99
Dollar Index: 90.10

Commodity:
Gold: $1864 per ounce
Crude: $55.50 per barrel

Bonds:
10 year US bond rate: 1.11
10 year Indian Bond rate: 5.96

Derivative:
PCR: 1.01
VIX: 22.18

Today’s results announcement: Reliance industries, HDFC Life, JSW Steel, SBI Life, Century textiles, Crompton Consumer, Gland pharma, Indian bank, Symphony, V- Mart, Yes bank Oberoi realty.

Results update:
Above estimates: Asian Paints, Bajaj auto, JSPL, Kajaria ceramics, Aavas financiers, Cyient, IEX, MCX
Inline estimates: Zensar technologies, Westlife, Mphasis, SRF
Below estimates: Biocon, Bandhan bank

Securities in Ban: IDEA, SAIL, SUNTV.

Derivative View : VIX closed at 22.18. Max Put OI is at 14600 then 14500. Max Call OI is at 14700 then 14800. Option data suggests a trading range between 14500 to 14800.

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