Actionable: TVS Motor, HUL, ICICI Bank

Insight Online News

From Advisory Desk : Vikash Sahay

24th June 2022
 
Market Outlook: US markets ended higher with gains in technology sector as 10 year bond yield fell below 3.1%. Indian market ended on a positive note yesterday in a highly volatile session. Copper prices plunged more than 5% to a fresh 16-month low. Other metal futures and crop prices also lost ground giving hint of inflation peaking. Asian market open with sharp gain and SGX Nifty indicates a gap up for the Indian market. Nifty can head towards crucial level of 15735/15888 with major resistance at 16000.
 
Actionable: TVS Motor, HUL, ICICI Bank
 
Global market:
DOW:   +194
SGX NIFTY:   +90   (prev.close 15564)
NIFTY 50 : 15556
Sensex : 52265
 
Institution:
FII:                    –   2319 Cr
DII:                   +  2438  Cr
 
NSE:
Advances: 2038 / Declines: 1277
 
Currency:
Dollar: $ 78.30
Dollar Index: 104.32
 
Commodity:
Gold: $1825  per ounce
Crude: $110.30  per barrel
 
Bonds:
10 year US bond rate: 3.10
10 year Indian Bond rate: 7.42
 
Derivative:
PCR: 0.98
VIX:  20.89
 
Initiating Coverage:
 
Tube Investment CMP 1516 TGT 1900
 
Updates:
 
Zomato: Company’s Board meet to consider Blanket’s potential acquisition
 
ONGC: ONGC Videsh Ltd (OVL) made an oil discovery in an onshore block in Colombia.
 
Hero Moto Corp: Company said that it will make an upward revision up to Rs.3000/- in the ex-showroom prices of its motorcycles and scooters, with effect from July 1, 2022.
 
Securities in Ban: Indiabulls Housing Finance, RBL Bank, Sun TV Network, Delta Corp.
 
Derivative View : VIX closed at 20.89. Immediate Max Put OI is at 15500 and 15000 and Max Call OI is at 16000 and 16500. Option data suggests an immediate trading range between 15350 to 15750.

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