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Actionable : Infosys, ICICI Bank & Dabur.

Actionable : Infosys, ICICI Bank & Dabur.
September 16
05:36 2019
Vikash Sahay

Vikash Sahay

From Advisory Desk ; Vikash Sahay

16th September 2019: Globally, geopolitical tension increased after a drone attack on Saudi Aramco plant leading to 5% global supply cut on daily basis. Dow Future is down 0.5% while Asian markets are trading flat today.

Motilal Oswal

SGX Nifty is indicating a gap down opening of -90 points. To balance the world supply in crude, US has stated about releasing oil from its strategic reserves. We would see some pressure on OMC, Aviation, Paints sector in the Indian markets as Brent crude saw a record surge.

On Saturday, FM announced measures for Exports and real estate which are not as per market expectation. Nifty is likely to remain in a range of 10750 – 11100. Looking at the strong Friday closing & flat Asian markets, We are expecting the markets to recover in the later part of the day.

Actionable: Infosys, ICICI Bank & Dabur.

Global market:
DOW: +37
SGX NIFTY: -110 (11111 prev. close)
NIFTY 50 : 11075
Sensex : 37385

Institution:
FII: -405 Cr
DII: +210 Cr

Currency:
Dollar: $ 70.98

Commodity:
Gold: $1513 per ounce
Crude: $66.66 per barrel (10% fall)

Bonds:
10 year US bond rate: 1.90
10 year Indian Bond rate: 6.63

Updates
FM announced a number of measures to boost exports. On the real estate side, Government plans to set up Rs10,000cr fund to help stuck affordable housing projects. Interest on Housing Building Advance to be lowered and linked with 1–year G Sec Yields.

Derivative View – VIX closed at 14.12. Max Put OI is at 10800 then 11000 strike while Max Call OI is at 11200 then 11300 strike. Option data suggests a trading range in between 10800 to 11200 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

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