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Actionable: ICICI Bank, HDFC bank , Ultratech

Actionable: ICICI Bank, HDFC bank , Ultratech
July 11
05:12 2019
Vikash Sahay

Vikash Sahay

From Advisory Desk : Vikash Sahay

11 – July : Market Outlook : Global markets are trading positive after US fed Chairman indicated rate cut in the next policy meet. Yesterday Crude prices rallied due to decrease in the US inventory .

Motilal Oswal

Domestic markets likely to open positive on the back of global cues however follow up buying is missing at higher levels which is evident from continuous FII selling . Market range continue to be 11400 to 11700. Outlook for today remains flattish with stock specific action .

Actionable: ICICI Bank, HDFC bank , Ultratech

Government is coming out with CPSE ETF FFO of 10500 crores on 19th July for Non Anchor segment.

Global market:
DOW: +76
SGX NIFTY: +49
NIFTY 50: 11499
Sensex : 38557

Institution:
FII: -605 Cr
DII: +667 Cr

Currency:
Dollar: 68.57

Commodity:
Gold: $ 1424 per ounce
Crude: $ 67.03 per barrel

Bonds:
10 year US bond rate: 2.06 percent
10 year Indian Bond rate: 6.54 percent

Updates :

Apollo Hospitals-Promoters Pledge 7.19% Equity to Catalyst Trusteeship Ltd. Earlier promoters indicated that they were looking to reduce the pledge. Negative for the stock.

Piramal Realty – ICRA cut rating of one of the bond issue to A+ from AA-. Negative for the stock.

Axis bank appoints Banks for its $ 1.3 billion share sales

Derivative View – VIX closed at 13.63. Put writing at 11200 then 11300 strike while Call writing is at 11600 then 11800 strike. Option data suggests a trading range in between 11400 to 11650 zone.

 

Vikash Ranjan Sahay, Founder & CEO , Value Management Solution P Ltd, (Exclusive Business Partner of MotiLal Oswal)

Mr. Vikash Sahay can be contacted at +91 9471133334

Actionable: Buy LIc Housing, Bharti Airtel,ICICI Bank, Ultratech and Birla Corp.

TBZ
Annie’s Closet
G.E.L Shop Association
kallu
Novelty Fashion Mall
Fly Kitchen
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Akash
Swastik Tiles
Reshika Boutique
Paul Opticals
Metro Glass
Krsna Restaurant
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Chotanagpur Handloom
Kamalia Sales
Home Essentials
Raymond

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