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Actionable : SBI , ICICI Bank, Birla Corp, JK Lakshmi Cement, LT, and for positional Trading Raymond

Actionable : SBI , ICICI Bank, Birla Corp, JK Lakshmi Cement, LT, and for positional Trading Raymond
May 27
04:19 2019
Vikash Sahay

Vikash Sahay

From Advisory Desk ; Vikash Sahay

27-May:

Market Outlook – Market on Friday saw broad based move with an advance decline ratio of almost 3:1. VIX also corrected by 41% over the last week and closed around 16.46. FII’s have started buying after a strong mandate for a stable government with a figure of 2000 crs on friday. The results so far have been ahead of expectations. We expect Government to fasttrack Reforms pending from the past tenure to kickstart growth in economy.

Actionable : SBI , ICICI Bank, Birla Corp, JK Lakshmi Cement, LT, and for positional Trading Raymond

Global market:
DOW: +95
SGX NIFTY: -30
NIFTY 50: 11844
Sensex : 39434

Institution:
FII: + 2026 Cr
DII: – 195 Cr

Currency:
Dollar: 69.52

Commodity:
Gold: $ 1292 per ounce
Crude: $ 68.90 per barrel

Bonds:
10 year US bond rate: 2.32 percent
10 year Indian Bond rate: 7.22 percent

Updates :

Page Industries- Reported weak Numbers due to miss in Sales and EBITDA margins.

JK Lakshmi Cement- Reported Numbers above market expectation due to higher volumes even though realisation lower.

RBI to inject durable liquidity via OMO purchase auction of Rs 15,000 Cr on 13 June 2019

As per Media reports, Manpasand Beverages MD & CFO arrested in Rs 40 crore GST tax invasion and invoice fraud case.

Derivative View – VIX closed at 15.12. Put writing is seen at 11700 strike while Call writing is seen at 12100 then 12200 strike. Option band signify a trading range between 11700 to 12100 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

 

*Market Outlook* : WAVE continues in India by the honourable Prime Minister & team to embrace victory

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Novelty Fashion Mall
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Friends IT Solution
Tanishq
Akash
Swastik Tiles
Reshika Boutique
Paul Opticals
New Anjan Engineering Works
The Raymond Shop
Metro Glass
Krsna Restaurant
Motilal Oswal
Chotanagpur Handloom
S_MART
Home Essentials
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