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Stocks which could be bought are Titan , Dabur, ICICI Bank for positional trades

Stocks which could be bought are Titan , Dabur, ICICI Bank for positional trades
September 17
05:49 2019
Vikash Sahay

Vikash Sahay

From Advisory Desk; Vikash Sahay

17th September 2019 : Market outlook : Global markets are trading negative amid the rise in Geo political tension between Iran and the western world led by USA.

Crude prices rose to $ 68 per barrel after the shut-down of Saudi Arabia production facility . European markets also closed negative after no conclusive outcome of the meeting between UK prime minister and the European Union president .

Motilal Oswal

Markets expects a rate cut to be announced by the US fed in the two day policy meet that will commence today . Locally nifty should take support at around 10950 levels however global cues will be giving direction to our markets in short term.

Stocks which could be bought are Titan , Dabur, ICICI Bank for positional trades

Global market:
DOW: -142
SGX NIFTY: -11
NIFTY 50 : 11003
Sensex : 37123

Institution:
FII: -751 Cr
DII: +309 Cr

Currency:
Dollar: $ 71.58

Commodity:
Gold: $1507 per ounce
Crude: $68.22 per barrel

Bonds:
10 year US bond rate: 1.84
10 year Indian Bond rate: 6.71

Updates :

Domestic Pharma market grew @ 13.7% which is second consecutive month of double digit growth. Positive for Glenmark, Drreddy, Lupin.

General Motors and TCS announced a new partnership under which the IT major would support the leading automaker in future vehicle engineering across global markets – Positive for TCS.

Derivative View – VIX closed at 14.95. Max Put OI is at 11000 then 10800 strike while Max Call OI is at 11100 then 11200 strike. Option data suggests a trading range in between 10800 to 11200 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

Actionable : Infosys, ICICI Bank & Dabur.

TBZ
Annie’s Closet
G.E.L Shop Association
kallu
Novelty Fashion Mall
Fly Kitchen
Harsha Plastics
Status
Akash
Swastik Tiles
Reshika Boutique
Paul Opticals
Metro Glass
Krsna Restaurant
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Home Essentials
Raymond

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