Actionable: Buy TVS motors, Jubilant Foods.

From Advisory Desk : Vikash Sahay

September 2020

Market Outlook: US lawmakers are most likely to announce additional stimulus package ahead of US elections, thus leading US markets to close with a gain of 2%. Asian markets too were trading in green with a quarter percent. SGX Nifty is trading flat. RBI MPC policy announcement is postponed to 6th October. We have witnessed a strong pullback of more than 400 points on nifty over the last two trading sessions and hence one can expect some profit booking at these levels.

Actionable: Buy TVS motors, Jubilant Foods.

Global market:
DOW: +410
SGX NIFTY: +20 (prev.close 11247)
NIFTY 50 : 11227
Sensex : 37981

Institution:
FII: -27 Cr
DII: +542 Cr

NSE:
Advances: 1933 / Declines: 748

Currency:
Dollar: $ 73.78

Commodity:
Gold: $1891 per ounce
Crude: $42.57 per barrel

Bonds:
10 year US bond rate: 0.66
10 year Indian Bond rate: 6.06

Update:

SRF: DGTR initiates anti- dumping probe on HFC component R32 which is used in AC’s. SRF is the sole manufacturer in india.

Securities in Ban: Nil

Derivative View : VIX closed at 19.57. Max Put OI is at 11100 then 11000. Max Call OI is at 11300 then 11500. Option data suggests a trading range between 11000 to 11500.

Leave a Reply

Your email address will not be published. Required fields are marked *