From Advisory Desk : Vikash Sahay
23rd June 2021; Market outlook: US markets closed higher upto half a percent, after FED chairman stated that, the inflation may rise in short term but mayn’t stay higher for long. Asian markets too started higher by half a percent and SGX Nifty is up by 60 points. Nifty is well poised to cross 16000 mark.
Actionable: Buy Titan, UBL, Navin Fluorine, JK Lakshmi.
India Pesticides Ltd ( Subscribe): IPO opens today for subscription and closes on June 25, 2021. Issued at a price band of Rs.290-296 per share.
SGX NIFTY: +60 (prev.close 15770)
NIFTY 50 : 15772
Sensex : 52588
FII: -1028 Cr
DII: +302 Cr
Advances: 1996 / Declines: 1254
Dollar: $ 74.36
Dollar Index: 91.85
Gold: $1780 per ounce
Crude: $75.25 per barrel
10 year US bond rate: 1.46
10 year Indian Bond rate: 6.03
UBL: SEBI exempts Heineken from making an open offer obligation for share buy in the company. Heineken to acquire 15% stake in the company from Debt recovery tribunal and the transaction is expected to happen today via block deal.
Securities in BAN: IDEA, SUNTV.
Derivative View : VIX closed at 14.73. Max Put OI is at 15500 then 15600. Max Call OI is at 16000 then 15900. Option data suggests a trading range between 15500 to 16000.