From Advisory desk : Vikash Sahay
09th October 2020 : Market Outlook: US markets closed after climbing half a percent on hope of additional stimulus. Asian markets are trading in mix. Yesterday IT and financials led Nifty above 11800 however, today SGX Nifty is trading flat ahead of RBI policy. Albeit the markets are unexpecting rates to be changed, however markets would be closely watching RBI’s commentary on Growth, inflation and restructuring loans to banks. Thus financial are likely to be volatile.
Actionble: Buy Ultratech, Divis Lab, Hero Moto corp.
SGX NIFTY: +25 (prev.close 11849)
NIFTY 50 : 11834
Sensex : 40182
FII: +978 Cr
DII: +20 Cr
Advances: 1207 / Declines: 1490
Dollar: $ 73.24
Gold: $1911 per ounce
Crude: $43.15 per barrel
10 year US bond rate: 0.78
10 year Indian Bond rate: 6.02
Securities in Ban: IDEA, ADANI ENT, BHEL, VEDL.
Derivative View : VIX closed at 20.38. Max Put OI is at 11500 then 11600. Max Call OI is at 11900 then 12000. Option data suggests a trading range between 11600 to 12000.