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SRF – Reported strong numbers thanks to packaging and speciality chemicals segment.

SRF – Reported strong numbers thanks to packaging and speciality chemicals segment.
May 15
05:09 2019
Vikash Sahay

Vikash Sahay

From Advisory Desk :Vikash Sahay

15-May :

Market Outlook : After small technical pull back yesterday market should get in to a side ways mode within a range with negative bias. Lower Rain forecast by skymet yesterday is not a good news for the market. FII selling continues and reaches around $1 billion for the month. We feel market would face resistance at every rise ahead of general election result.

Global market:
DOW: +207
SGX NIFTY: -15
NIFTY 50: 11222
Sensex : 37318

Institution:
FII: -2011 Cr
DII: +2242 Cr

Currency:
Dollar: 70.44

Commodity:
Gold: $ 1297 per ounce
Crude: $ 71.21 per barrel

Bonds:
10 year US bond rate: 2.41 percent
10 year Indian Bond rate: 7.37 percent

Updates :

Yes Bank – RBI appointing additional director is negative. usually RBI do in weak banks to safeguard the interest of negative for the stock

SRF – Reported strong numbers thanks to packaging and speciality chemicals segment. Guidance also strong .

Derivative View : VIX closed at 27.13 Call writing is seen at 11500 then 11800 strike while Put writing is seen at 11200 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

 

Tata Motors- April JLR wholesale volume down 21% to 35 k vs expectation of 40 k.

Akash
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Paul Opticals
New Anjan Engineering Works
The Raymond Shop
Metro Glass
Puma
Krsna Restaurant
VanHuesen
W Store
Motilal Oswal
Chotanagpur Handloom
S_MART
Home Essentials
Abhushan
Raymond

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