From Advisory Desk : Vikash Sahay
24th March 2021 : Market outlook: Albiet 10 years US bond slipped to 1.60% but US markets ended lower by a percent. Asian markets too are trading lower by over a percent and SGX Nifty is down by 75 points. Crude slipped 5% overnight below $ 62 as countries across the world imposes stricter restrictions due to rise in covid case. Also, the Nifty seems to be in the range of 14600-15000.
Actionable: Buy Ultratech.
IPO Listing: Anupam Rasayan shares to start trading in exchanges today after oversubscribed by 45 times.
SGX NIFTY: -40 (prev.close 14825)
NIFTY 50 : 14814
Sensex : 50051
FII: -108 Cr
DII: -530 Cr
Advances: 1663 / Declines: 1319
Dollar: $ 72.42
Dollar Index: 92.38
Gold: $1728 per ounce
Crude: $60.90 per barrel
10 year US bond rate: 1.61
10 year Indian Bond rate: 6.14
Securities in BAN: IDEA, SAIL.
Derivative View : VIX closed at 20.66. Max Put OI is at 14500 then 14700. Max Call OI is at 15000 then 14900. Option data suggests a trading range between 14500 to 15000.