Actionable: Buy Titan, United spirits, Indusind Bank, Tata motors.

Insight Online News

From Advisory Desk : Vikash Sahay

28th October 2021

Market Outlook: Dow Jones ended lower by 250 points due to profit booking at higher levels, ahead of Q3 GDP data release on tomorrow. However, Dow futures is trading in positive and Asian markets have started trading in mix, with SGX Nifty is indicating a flat opening. US bond yields continue to fall from peak which is trading at 1.55%, as investors wait for FED’s next move. Crude oil prices has fallen more than 2 % after rise in weekly US crude inventories. Today being a monthly expiry, we expect volatility to be higher with Nifty’s range to be 18050-18350 and Bank Nifty’s range to be 40250-41500.

Actionable: Buy Titan, United spirits, Indusind Bank, Tata motors.

Diwali Muhurat Picks – Samvat 2078 : Buy SBI, Infosys, Tata motors, United spirits, Ultratech, SBI Life, Jubliant food, Indian Hotels, Macrotech, VIP, APL Apollo, Orient electric, Tata power, Varun beverages, Trident.

NYKAA ( Subscribe): IPO will open today for subscription and closes on 1st Nov, 2021. IPO issued at a price band of Rs.1085-1125 per share.

Global market:
DOW:  -266
SGX NIFTY:   +25  (prev.close 18212)
NIFTY 50 : 18210
Sensex : 61143

Institution:
FII:                     -1913 Cr
DII:                    +472 Cr

NSE:
Advances: 1755 / Declines: 1491

Currency:
Dollar: $ 75.02
Dollar Index: 93.95

Commodity:
Gold: $1797  per ounce
Crude: $82.75  per barrel

Bonds:
10 year US bond rate: 1.55
10 year Indian Bond rate: 6.34

Derivative:
PCR: 0.90
VIX:  16.82

Today’s results announcement: Bajaj finserve, NTPC, AU small finance bank, Coromandal international, DLF, Gujarat gas, Indigo, Laurus labs, M&M financial, Marico RBL bank, SBI cards, Tata power, Aavas, Adani green, Cartrade, CCL, Chemcon, DB corp, Dishman carbogen, Easytrip, GNFC, GSFC, Hester, HSIL, Indian bank, Ion exchange, Jk tyres, JM financial, UTI AMC, V-Guard, Westlife development.

Results update:
Above estimates: Titan, United spirits, L&T, SBI Life, Arvind, JK paper, Bajaj auto
Inline estimates: Indusind bank, ITC, Deepak nitrite,
Below estimates: Maruti

Securities in BAN: CANBK, IBULHSGFIN, NMDC, SUNTV.

Derivative View : VIX closed at 16.82. Max Put OI is at 18000 then 18200. Max Call OI is at 18300 then 18400. Option data suggests a trading range between 18000 to 18400.

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