Actionable: Buy Tata Power, HCL Tech & Biocon.

From Advisory Desk : Vikash Sahay

9th June 2021
 
Market outlook: US markets closed flat as bond yields drops to 1.53%. Asian market are trading flat to negative and SGX Nifty is trading flat. VIX is hovering around the level of 15, lowest since March 2020. FIIs have bought stock amounting to Rs 4300 cr so far in this month. After Nifty IT sector touching new high, now Nifty Pharma is attempting to make new high. Nifty’s broader range is expected to be 15200-16000.

Actionable: Buy Tata Power, HCL Tech &  Biocon.
 
Global market:
DOW:  -30
SGX NIFTY:   +2  (prev.close 15763)
NIFTY 50 : 15740
Sensex : 52275

Institution:
FII:                      +1423 Cr
DII:                     -1627 Cr

NSE:
Advances: 1802 / Declines: 1407

Currency:
Dollar: $ 72.89
Dollar Index: 90.07

Commodity:
Gold: $1895  per ounce
Crude: $72.40  per barrel

Bonds:
10 year US bond rate: 1.53
10 year Indian Bond rate: 6.01

Derivative:
PCR: 0.86
VIX:  15.22

Updates:
 
Crompton Consumer Electricals: PE firm Advent international is planning to sell 2.9 % stake in the company today via block deal at a floor price of Rs.398.5 per share.

Securities in BAN: IBULHSGFIN, NALCO, PNB, SAIL, SUNTV.
 
Derivative View : VIX closed at 15.25. Max Put OI is at 15700 then 15600. Max Call OI is at 16000 then 15800. Option data suggests a trading range between 15500 to 16000.

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