Actionable: Buy TCS, Tata motors, Metropolis Healthcare.

Insight Online News

From Advisory Desk : Vikash Sahay

2nd December 2021

Market Outlook: US markets gave up initial gains and closed at day’s low after confirmation of first omicron case. However, US futures are trading higher by half percent. Asian markets have started in mix, with SGX Nifty is trading lower by 80 points. Yesterday, Indian markets recovered sharply on account of global rally and strong macro-economic data. Domestic economic growth momentum continues to improve with GST collections, manufacturing PMI and Q2 GDP reporting better than expectations. Today, being weekly expiry, we expect volatility to be higher with Nifty’s range to be 16900-17350 and Bank nifty’s range to be 35750-37000. LIC in an advertisement invites its 25cr policyholders to become shareholders ahead of mega IPO which opens in Q4.

Actionable: Buy TCS, Tata motors, Metropolis Healthcare.

Global market:
DOW:  -461
SGX NIFTY:   -80  (prev.close 17245)
NIFTY 50 : 17166
Sensex : 57684

Institution:
FII:                    -2766 Cr
DII:                   +3467 Cr

NSE:
Advances: 1827 / Declines: 1431

Currency:
Dollar: $ 74.90
Dollar Index: 96.02

Commodity:
Gold: $1781  per ounce
Crude: $69.45  per barrel

Bonds:
10 year US bond rate: 1.42
10 year Indian Bond rate: 6.35

Derivative:
PCR: 0.92
VIX:  19.44

Updates:

Bharti airtel: As per reports, Company is in early talks to acquire majority stake in Dish TV India. Both bharti airtel and Dish TV have a combined market share of more than 50% in DTH space in india.

Securities in Ban:  IBULHSGFIN.

Derivative View : VIX closed at 19.44. Max Put OI is at 17000 then 16900. Max Call OI is at 17300 then 17200. Option data suggests a trading range between 16900 to 17300.

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