Actionable: Buy Tata Steel, DLF and Max financial.

From Advisory Desk : Vikash Sahay

28th July 2021

Market Outlook: The change in China’s tech policy send jitters to tech companies across the world. NASDAQ plunged over one percent. Asian markets have started lower upto 2%. Yesterday Pharma sector dragged Nifty, after the companies who declared results showed immense pricing pressure in US business. China is expected to put additional export duties on steel, which will keep the global prices higher.

Actionable: Buy Tata Steel, DLF and Max financial.

Global market:
DOW:  -85
SGX NIFTY:   -10  (prev.close 15742)
NIFTY 50 : 15746
Sensex : 52578

Institution:
FII:                      -1459 Cr
DII:                      +730 Cr

NSE:
Advances: 1541 / Declines: 1733

Currency:
Dollar: $ 74.46
Dollar Index: 92.47

Commodity:
Gold: $1801  per ounce
Crude: $73.80  per barrel

Bonds:
10 year US bond rate: 1.24
10 year Indian Bond rate: 6.18

Derivative:
PCR: 0.94
VIX:  13.23

Today’s results announcement: Maruti suzuki, Nestle india, MGL, ABB india, Century textiles, Coforge, Embassy office parks REIT, Gateway distriparks, Happiest minds, Intellect design, Mahindra lifespace, Pfizer, Radico khaitan, Ramco systems, Route mobile, RPG life sciences, Sagar cements, SRF, Tata coffee, Teamlease, United Breweries, UTI AMC, Welspun india.

Results update:
Above estimates: Granules
Inline estimates: Indusind bank, Torrent pharma
Below estimates: Dr reddy’s, Dalmia bharat, Ramco cements, Indigo, Dixon

Securities in BAN: IDEA, SAIL.

Derivative View : VIX closed at 13.23. Max Put OI is at 15700 then 15600. Max Call OI is at 15900 then 15800. Option data suggests a trading range between 15600 to 15900.

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