From Advisory Desk : Vikash Sahay
22nd March 2021 : Market Outlook: The spike in US bond yields led the US markets to close flat. Asian market too is trading in mix and SGX Nifty is trading flat. VIX is below 20. Due to resurgence in covid cases in India, we may see strong resistance on Nifty at upper level.
Actionable: Buy Tata power & Cholamandalam finance.
SGX NIFTY: +3 (prev.close 14747)
NIFTY 50 : 14744
Sensex : 49858
FII: +1418 Cr
DII: +560 Cr
Advances: 1423 / Declines: 1522
Dollar: $ 72.51
Dollar Index: 92.10
Gold: $1735 per ounce
Crude: $64.20 per barrel
10 year US bond rate: 1.69
10 year Indian Bond rate: 6.19
Bharat Dynamics: BDL has signed a contract with ministry of Defense for production and supply of Milan-2T Anti- Tank Guided Missiles to indian army at the cost of Rs.1,188 crore.
Securities in BAN: IDEA, SUN TV.
Derivative View : VIX closed at 19.98. Max Put OI is at 14500 then 14600. Max Call OI is at 15000 then 14800. Option data suggests a trading range between 14500 to 15000.