Actionable: Buy Tata Steel, Tata consumer.

Insight Online News

From Advisory Desk : Vikash Sahay

30th March 2021 : Market outlook: US markets ended in mix due to rise in 10 year US bond yields to 1.72%. Asian markets too are trading in mix. SGX Nifty is indicating 150+ points for Nifty. VIX has fallen sharply by 9% to the level of 20. Metal has been doing well, especially steel.

Actionable: Buy Tata Steel, Tata consumer.
 
IPO Listing: Nazara technologies shares to start trading in exchanges today after oversubscribed by 175 times.
 
Global market:
DOW:  +98
SGX NIFTY:   +5  (prev.close 14750 on 29 March)
NIFTY 50 : 14507 (close on 26 March)
(closing gap of 243 points between Sgx nifty and Nifty 50)
Sensex : 49008

Institution:
FII:                     -50 Cr
DII:                    +1703 Cr

NSE:
Advances: 1620 / Declines: 1340

Currency:
Dollar: $ 72.51
Dollar Index: 92.92

Commodity:
Gold: $1710  per ounce
Crude: $64.70  per barrel

Bonds:
10 year US bond rate: 1.72
10 year Indian Bond rate: 6.12

Derivative:
PCR: 0.90
VIX:  20.65

Securities in BAN: NIL.
 
Derivative View : VIX closed at 20.65. Max Put OI is at 14500 then 14300. Max Call OI is at 14700 then 14800. Option data suggests a trading range between 14300 to 14800.

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