Market Analysis - 24th June 2021

Posted by DFMI STORE on

Market Update 

Market outlook: US markets closed a quarter percent lower. Asian markets starts higher by a quarter percent, including SGX Nifty which is volatile ahead of F&O expiry and RIL's AGM is scheduled at 2 pm today. Today being a monthly expiry, we expect Nifty's range to be 15600-15800 and Bank Nifty's range to be 34000-35000.
Actionable: Buy Ultratech cement and Maruti.
 
IPO Listing : Shyam Metalics & Sona Comstar shares to start trading in exchanges today .
Global market:
DOW:  -71
SGX NIFTY:   +25  (prev.close 15695)
NIFTY 50 : 15686
Sensex : 52306
Institution:
FII:                       +3157 Cr
DII:                       +1317 Cr
NSE:
Advances: 1489 / Declines: 1758
Currency:
Dollar: $ 74.27
Dollar Index: 91.84
Commodity:
Gold: $1775  per ounce
Crude: $75.25  per barrel
Bonds:
10 year US bond rate: 1.49
10 year Indian Bond rate: 6.02
Derivative:
PCR: 0.93
VIX:  15.36
 
Updates:
 
Reliance industries: Company will hold its 44th AGM today at 2 pm. Few major announcements are expected to be made in the event like sale of 20% stake to Saudi Aramco as well as induction of its chairman in Reliance's board, update on 5G phone, expansion of Jiomart partnership with more kirana stores along with Jiomart- WhatsApp integration etc.
Securities in BAN: IDEA, SUNTV.
 
Derivative View : VIX closed at 15.36. Max Put OI is at 15500 then 15600. Max Call OI is at 15800 then 15900. Option data suggests a trading range between 15500 to 15900.

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