Market Outlook 22-Feb-2019

Global market & Events:


SGX NIFTY:10793(-20).However NIFTY 50 closed at 10789

Dollar:71.24 vs 71.12

Gold:1325 per ounce vs 1338 per ounce

Crude:66.89 vs 66.75

US bond rate:2.68 percent

India Bond rate:7.35 percent


FII: +55

DII: +202

Market Outlook-Expecting range bound (10650 to 10900) with positive bias.

Mid cap and Small caps showing signs of pullback.

Actionable – Buy HUL,Bata,ICICI Bank,Titan.

GST council meeting on 24th February to discuss about uniform tax on lottery (Expecting to reduce to 18% from 24%) and real estate from 12% to 5% (with out input Tax credit).Oberoi Reality can be in limelight.

ING group to sells 1.12% stake in Kotak Mahindra bank via block deals in the price range of 1225-1250.Any correction in the stock is an opportunity to buy for delivery.

Derivative View-VIX Closed down by 6.78% at 15.89.Put Writing is seen at 10700 then 10800 strike while Call writing is seen at 10900 then 10950 strike.Option band signifies a trading range between 10650 to 10929 zone.

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