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.