Actionable: Buy Tata Steel, Muthoot, Cipla

From Advisory Desk Vikash Sahay

01st June 2021 Market outlook: Asian markets are trading in green except Nikkei which is down by half a percent. SGX Nifty is up by 60 points. Gold is trading above $ 1900 oz on concern of inflation and softening of dollar. The decline in covid cases, VIX at 15 months low, good GDP numbers and rise in FIIs buying will cheer up the markets. Also, leveraging would be reduced as the trades would require 75% margin, effective from today.

Actionable: Buy Tata Steel, Muthoot, Cipla 

Global market:DOW:  +64  (unchanged)SGX NIFTY:   +55  (prev.close 15580)NIFTY 50 : 15582Sensex : 51937Institution:FII:                     +2412 CrDII:                     +180 CrNSE:Advances: 1699 / Declines: 1541Currency:Dollar: $ 72.61Dollar Index: 89.76Commodity:Gold: $1914  per ounceCrude: $70.10  per barrelBonds:10 year US bond rate: 1.6210 year Indian Bond rate: 6.02Derivative:PCR: 0.79VIX:  16.88Today’s results announcement: ITC, Balramphur Chinni, Gujarat Gas, Radico Khiatan.Results update:Inline estimates: Aurobindo pharmaBelow estimates: Shilpa medicareSecurities in BAN: BANKBARODA, PNB, SUNTV. Derivative View : VIX closed at 16.88. Max Put OI is at 15400 then 15500. Max Call OI is at 15700 then 15800. Option data suggests a trading range between 15400 to 15800

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