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

*Market Outlook* : WAVE continues in India by the honourable Prime Minister & team to embrace victory
May 24
04:16 2019
Vikash Sahay

Vikash Sahay

From Advisery Desk ; Vikash Sahay

*24-May*:

*Market Outlook* : WAVE continues in India by the honourable Prime Minister & team to embrace victory. This victory sets a new benchmark in Indian politics. From here on the focus would be to revive the Rural economy, NBFC issues and Industrial growth as priority for the government.

However, Geo Political tensions may keep the Indian market in a range. Having said so, the Indian market will be creating a base for the next run.

Crude prices plunges 5 % to $ 67 / barrel as US China trade tension intensify , this will be positive for OMC, Paints

*Actionable : One can buy ICICI Bank , L&T, SBI , Heromoto Corp* .

Global market:
DOW: – 286
SGX NIFTY: + 58
NIFTY 50: 11657
Sensex : 38811

Institution:
FII: + 1352 Cr
DII: – 593 Cr

Currency:
Dollar: 70.01

Commodity:
Gold: $ 1287 per ounce
Crude: $ 68.37 per barrel

Bonds:
10 year US bond rate: 2.32 percent
10 year Indian Bond rate: 7.23 percent

*Derivative View* – VIX closed at 29.77%. Max Put OI is at 11500 then 11300 strike while Max Call OI is at 12000 then 12500 strike. Option band signifies a wider trading range in between 11500 to 12000 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

 

Crude has corrected by 3 % and closed around $ 70 / Barrel due to concern of global economic slowdown .

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