From Advisory Desk : Vikash Sahay
22nd October 2020 : Market Outlook: Dow Futures are trading lower by 200 points as investors weighed on the latest developments in reaching stimulus agreement before US elections. This kept Asian markets also to trade lower by half a percent. SGX Nifty is trading flat. Nifty should face resistence at 12025 levels and market to remain in range, however stocks specifc action is advised.Today being a weekly expiry, we expect Nifty to be in the range of 11750-12050 and Bank Nifty to be in range of 24000-25200.
SGX NIFTY: -35 (prev.close 11917)
NIFTY 50 : 11937
Sensex : 40707
FII: +2108 Cr
DII: -1634 Cr
Advances: 1327 / Declines: 1332
Dollar: $ 73.58
Gold: $1915 per ounce
Crude: $41.50 per barrel
10 year US bond rate: 0.81
10 year Indian Bond rate: 5.91
Aditya Birla Fashion: As per media Reports, Flipkart and Amazon race to acquire a minority stake in the company.
Today’s results announcement: Asian Paints, Bajaj auto, Biocon, Bharti Infratel, ambuja cements, Hdfc AMC, SBI Cards, Mphasis, L&T Fin , sterlite technologies, Alembic pharma, indian bank.
Securities in Ban: IDEA, BHEL, CANBK, IBULHSGFIN, PNB, MINDTREE, NALCO.repy
Derivative View : VIX closed at 22.91. Max Put OI is at 11800 then 11700. Max Call OI is at 12000 then 12100. Option data suggests a trading range between 11800 to 12100