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 .
SGX NIFTY: +25 (prev.close 15695)
NIFTY 50 : 15686
Sensex : 52306
FII: +3157 Cr
DII: +1317 Cr
Advances: 1489 / Declines: 1758
Dollar: $ 74.27
Dollar Index: 91.84
Gold: $1775 per ounce
Crude: $75.25 per barrel
10 year US bond rate: 1.49
10 year Indian Bond rate: 6.02
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.