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Market Outlook: Today is the last day of the financial year and in early trades,

Market Outlook: Today is the last day of the financial year and in early trades,
March 31
05:20 2020
Vikash Sahay
Vikash Sahay

From Advisory desk : Vikash Sahay

31st March 2020:

Market Outlook: Today is the last day of the financial year and in early trades, all major Asian indices including SGX Nifty are trading up by 1-3% as the Chinese manufacturing PMI rebounded to 52 in March from the record low of 35 in February.

In spite of the stimulus provided by major countries to control the falling market, the rising number of COVID 19 cases keeps the market under pressure on every rise.

Motilal Oswal

The markets will remain highly volatile as the VIX is at a high level of 72. One should remain cautious in such a volatile market.

Investment: Selected defensive sectors such as FMCG & Pharmaceutical can be added to the portfolio. Stocks like HUL, Nestle India, Divis Lab & Dabur can be looked up.

Global market:
DOW: +690 (up 3.19%)
SGX NIFTY: +168 (prev.close 8290)
NIFTY 50 : 8281
Sensex : 28440

Institution:
FII: – 4364 Cr
DII: +3550 Cr

NSE:
Advances: 534 / Declines: 1038

Currency:
Dollar: $ 75.65

Commodity:
Gold: $1638 per ounce
Crude: $27.05 per barrel

Bonds:
10 year US bond rate: 0.71
10 year Indian Bond rate: 6.21

Derivative View – VIX closed at 71.89. Max Put OI is at 8000 then 7500 while Max Call OI is at 8500 then 9000 strike. Options data indicates a wider range between 8000 to 9000 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

𝗬𝗘𝗔𝗥 𝗘𝗡𝗗 𝗠𝗔𝗥𝗖𝗛 𝗩𝗦 𝗝𝗨𝗡𝗘
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