Actionable: Buy UBL, SBI, Titan, Max Financial

From Advisory Desk : Vikash Sahay

22nd June 2021
 
Market outlook: India vaccinates record number of 85 lacs people, along with falling number of new cases. This will be a positive catalyst for markets for an upward move, towards 16000. US markets were up by 1.5-2%. Asian markets is trading in green, Nikkei up by 3% and SGX Nifty up by 75 points. Crude is trading above $ 75.

Actionable: Buy UBL, SBI, Titan, Max Financial.

Global market:
DOW:  +586
SGX NIFTY:   +80  (prev.close 15728)
NIFTY 50 : 15746
Sensex : 52574

Institution:
FII:                       -1245 Cr
DII:                       +138 Cr

NSE:
Advances: 2023 / Declines: 1289

Currency:
Dollar: $ 74.10
Dollar Index: 91.94

Commodity:
Gold: $1785  per ounce
Crude: $75.10  per barrel

Bonds:
10 year US bond rate: 1.47
10 year Indian Bond rate: 6.03

Derivative:
PCR: 0.88
VIX:  15.06

Updates:
 
Bharti airtel: Airtel and TCS, today announced a strategic partnership for implementing 5G network solutions for india and will start pilot on 5G solutions in Jan 2022.
 
PNB Housing finance: The securities appellate tribunal( SAT) has allowed the company to hold its EGMm scheduled today which would vote on the company’s Rs.4,000 crore deal. However, the tribunal said the bank results would not be declared till further orders.

United Breweries: CCI approves Heineken International B.V’s proposed acquisition of an additional equity stake in the company.

Securities in BAN: IDEA, SUNTV.
 
Derivative View : VIX closed at 15.06. Max Put OI is at 15500 then 15600. Max Call OI is at 15800 then 16000. Option data suggests a trading range between 15500 to 16000.

Leave a Reply

Your email address will not be published.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