Actionble: Buy Birla corp, Ultratech, HCL tech.

From Advisory Desk : Vikash Sahay

15th October 2020 ; Market Outlook: US markets ended in red by half a percent after US tresaury secretary cited “stimulus execution is difficult before election”. This kept Asian markets also to trade lower by half a percent. However SGX Nifty was up by 25 points as the hangover of interest case gets additional time. Today being a weekly expiry, we expect Nifty to be in the range of 11900-12150 and Bank Nifty to be in range of 23500-24500

Actionble: Buy Birla corp, Ultratech, HCL tech.

Global market:
DOW: -165
SGX NIFTY: +25 (prev.close 11962)
NIFTY 50 : 11971
Sensex : 40794

Institution:
FII: +822 Cr
DII: -1276 Cr

NSE:
Advances: 1183 / Declines: 1506

Currency:
Dollar: $ 73.30

Commodity:
Gold: $1901 per ounce
Crude: $43.40 per barrel

Bonds:
10 year US bond rate: 0.72
10 year Indian Bond rate: 5.90

Today’s results announcement: Cyient, Mindtree, south indian bank.

Results update:

Above estimates: Infosys, Tata Elxsi

Securities in Ban: IDEA, ADANI ENT, BHEL, JINDALSTEL, CANBK, SAIL, IBULHSGFIN, PNB, PVR, MINDTREE.

Derivative View : VIX closed at 20.21. Max Put OI is at 11800 then 11900. Max Call OI is at 12000 then 12200. Option data suggests a trading range between 11800 to 12200

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