Actionable: Buy Tata Steel, Torrent Pharma, Tata Elxsi & LIC housing.

From Advisory Desk : Vikash Sahay

15th June 2021
 
Market outlook: US markets closed in mix, ahead of FED policy meet. Asian markets are trading in green. SGX Nifty is trading lower by mere 20 points. Yesterday FMCG, IT counters and Reliance rescued Nifty after loosing 200 points in intraday and to close flat in the end. CPI inflation at 6.3% was in line with street estimate. We expect Nifty to face resistance at 16000-16200 levels.

Actionable: Buy Tata Steel, Torrent Pharma, Tata Elxsi & LIC housing.

Global market:
DOW:  -85
SGX NIFTY:   +20  (prev.close 15836)
NIFTY 50 : 15811
Sensex : 52551

Institution:
FII:                      -504 Cr
DII:                     +544 Cr

NSE:
Advances: 1611 / Declines: 1711

Currency:
Dollar: $ 73.27
Dollar Index: 90.51

Commodity:
Gold: $1862  per ounce
Crude: $73.25  per barrel

Bonds:
10 year US bond rate: 1.49
10 year Indian Bond rate: 6.00

Derivative:
PCR: 0.86
VIX:  14.66
 
Securities in BAN: CANBK, IBUHSGFIN, NALCO, PNB, SUNTV.
 
Derivative View : VIX closed at 14.71. Max Put OI is at 15700 then 15500. Max Call OI is at 16000 then 15800. Option data suggests a trading range between 15500 to 16000.

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