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.
SGX NIFTY: -85 (prev.close 14402)
NIFTY 50 : 14406
Sensex : 48080
FII: -910 Cr
DII: +850 Cr
Advances: 1724 / Declines: 1203
Dollar: $ 74.95
Dollar Index: 91.22
Gold: $1787 per ounce
Crude: $65.60 per barrel
10 year US bond rate: 1.55
10 year Indian Bond rate: 6.05
Today’s results announcement: HCL technologies, Indiabulls real estate, M&M Financial services
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.