Actionable : Buy Ultratech, JK cement

From Advisory Desk : Vikash Sahay

13th October 2020 : Market Outlook, US markets climbed and closed above 1℅ led by Apple and Amazon. However Dow future and Asian markets are trading half a percent lower. FIIs have bougt Rs 5600 cr so far in the month. SGX Nifty is trading flat. After a quick run in last two weeks, markets can enter into consolidation.

Actionble: Buy Ultratech, JK cement

Global market:
DOW: +250
SGX NIFTY: -40 (prev.close 11968)
NIFTY 50 : 11930
Sensex : 40593
Institution:
FII: +615 Cr
DII: -1029 Cr
NSE:
Advances: 926 / Declines: 1776
Currency:
Dollar: $ 73.27
Commodity:
Gold: $1917 per ounce
Crude: $41.70 per barrel
Bonds:
10 year US bond rate: 0.76
10 year Indian Bond rate: 5.90

Today’s results announcement: Wipro, Karnataka bank

Update
SRF: Company launches QIP on monday, at a floor price of Rs.4168.7 per share, which is a discount of 4.58% to yesterday’s closing price.

Lupin: Associate company Avenue Therapeutics Gets US FDA Response Letter for IV Tramadol. Letter says application cannot be accepted in its present form and drug is not safe for the intended patient population.

Telecom companies: As per TRAI’s data for the month of july, Reliance Jio and Bharti Airtel added 3.55 & 3.26 million subscribers in july vs 4.5 & – 1.1 million subscribers in june while Vodafone idea lost 3.73 million mobile subscribers vs 4.8 in June.

Securities in Ban: IDEA, ADANI ENT, BHEL, JINDALSTEL, CANBK, SAIL.

Derivative View : VIX closed at 21.12. Max Put OI is at 11500 then 11600. Max Call OI is at 12000 then 12200. Option data suggests a trading range between 11600 to 12200

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