Actionable: Buy Tata Steel, Deepak Nitrate, ICICI Bank.


From Advisory Desk : Vikash Sahay

Market outlook: US markets have closed one percent lower as Biden government proposes an increase in capital tax to 39% above $ 10 mn earning. Asian markets were trading in mix. SGX Nifty is holding above 14300. FIIs continued their selling for third consecutive day, amounting to Rs 910 cr. USDINR has crossed 75.

Actionable: Buy Tata Steel, Deepak Nitrate, ICICI Bank.

Global market:
DOW:  -321
SGX NIFTY:   -85  (prev.close 14402)
NIFTY 50 : 14406
Sensex : 48080

Institution:
FII:                     -910 Cr
DII:                    +850 Cr

NSE:
Advances: 1724 / Declines: 1203

Currency:
Dollar: $ 74.95
Dollar Index: 91.22

Commodity:
Gold: $1787  per ounce
Crude: $65.60  per barrel

Bonds:
10 year US bond rate: 1.55
10 year Indian Bond rate: 6.05

Derivative:
PCR: 0.98
VIX:  23.02

Today’s results announcement: HCL technologies, Indiabulls real estate, M&M Financial services

Results Update:

Above estimates: Tata Elxsi, Cyient, Rallis india
Inline estimates: Indus towers,

Securities in BAN: IBULHSGFIN, SAIL, SUN TV.

Derivative View : VIX closed at 23.02. Max Put OI is at 14000 then 14200. Max Call OI is at 14500 then 14700. Option data suggests a trading range between 14000 to 14700.

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