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Market View – Expect profit booking at current level, Market can go into consolidation for few days.

Market View – Expect profit booking at current level, Market can go into consolidation for few days.
March 15
05:27 2019
Vikash Sahay

Vikash Sahay

From Advisory Desk; Vikash Sahay

15-March:

Market View – Expect profit booking at current level, Market can go into consolidation for few days.

Actionable: Buy United Spritis, Auro Pharma.

Global market & Events:

SGX NIFTY: 11366 (-20).

FII: +1482
DII: -817

DOW: +7

Dollar: 69.35

Gold: $ 1294 per ounce

Crude: $ 67.15 per barrel

10 year US bond rate: 2.63 percent
10 year Indian Bond rate: 7.36 percent

VIX: 15.12

Updates –

Continues Rupee appreciation. During last 30 days Rupee appreciates by almost Rs 2. Every one Rupee appreciation will reduce EPS of IT companies by 3-4%.

As per survey conducted by BOFA, partially rolled back Cement prices by Rs 10 to Rs 20 across Southern states except Karnataka.

Derivative View – VIX closed at 15.12. Put writing is seen at 11300 then 11200 strike while Call writing is seen at 11400 then 11500 strike. Option band signifies trading range in between 11200 to 11500 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

Market View – Positive. 16 Consecutive day of FII Buying. Since beginning of the calendar year

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