2022-04-20 06:30:12
From Advisory Desk 20th April 2022
Market Outlook: US markets ended higher on the back of better than expected earnings and dovish comments by Fed officials. Crude oil prices down by 5% on growth concerns after both the world bank and IMF cuts global economic growth outlook over russia war. Asian markets have started on a mixed note, with SGX Nifty is indicating a positive opening. On domestic front, last hour sell-off pushed the Nifty to close below 17000 level. In the last 2 days, FIIs intensified their selling in cash segment amounting over Rs.12,000crore amid macro headwinds. Market outlook is weak hence avoid aggressively buying untill clear trend emerges and focus on resilient stocks backed by strong results.
Actionable: Buy Reliance industries, Coal india, BEL.
Global market:
DOW: +499
SGX NIFTY: +60 (prev.close 16930)
NIFTY 50 : 16958
Sensex : 56463
Institution:
FII: - 5872 Cr
DII: + 3981 Cr
NSE:
Advances: 1294 / Declines: 2120
Currency:
Dollar: $ 76.50
Dollar Index: 100.90
Commodity:
Gold: $1947 per ounce
Crude: $107.7 per barrel
Bonds:
10 year US bond rate: 2.96
10 year Indian Bond rate: 7.15
Derivative:
PCR: 0.86
VIX: 19.77
TodayтАЩs results announcement: Angel One, Glenmark Life Sciences, Tata Elxsi, ICICI Securities, JTL Infra, Reliance Industrial Infrastructure, Ellora Trading, HCKK Ventures, Indbank Merchant Banking Services, and Ind Bank Housing.
Results update:
Above estimates: ACC, Mastek
Inline estimates: LTI
Updates:
Telecom - Reliance Jio and Vodafone Idea reported month on month decline in wireless subscribers while Airtel showed gains in February, according to Telecom Regulatory Authority of India data. Jio lost over 3.6 million subscribers, Vodafone lost over 1.5 million subscribers, Airtel added 1.59 million new users.
Securities in Ban: Tata Power
Derivative View : VIX closed at 19.77. Max Put OI is at 16700 and 16800. Immediate max Call OI is at 17200 and 17400. Option data suggests a wider trading range between 16700 to 17400.
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