2020-01-30-OutlookNIFTY:

The NIFTY had good news and the not so good news. Let us take the good news first. The index closed with significant gains of almost 70 points, representing a 0.6% gains over yesterday’s close. For buyers, this should certainly be good news. The not so good news is the fact that the NIFTY had more than 105 points of gains before it gave up a lots of gains. It does mean that highs did not sustained at least for the day.

Market direction in the short-term will depend upon markets reaction to the budget. The index is giving signs of bottoming out after a correction. We are buyers on dips. Market direction will eventually be determined by market reaction to the union budget to be presented on February 1.

Short – term trade

The NIFTY was in a narrow range today. A move above 12170 should be buying opportunity with a tight stop of 40 points. Be aware of gaps.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     TATAMOTORS 188.05 BUY The stock has given the breakout with volume  on the intraday as well as on the daily chart. The stock can be bought between 185-186 with a stop loss of  180 and for the target of  194.
      CIPLA 461.55 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  466.50 and for  the target of  452.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATAGLOBAL 380 CE BUY 5.40 CMP 2.50 11.50 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IOC.Jan 30 118.6 0.47 45.54 91976000 GODREJCP.Jan 30 722.05 -2.13 51.61 4399200
BOSCHLTD.Jan 30 14699.7 0.07 38.97 145200 GRASIM.Jan 30 807.7 -0.33 48.02 12723000
DABUR.Jan 30 491.3 0.43 38.16 10735000 PETRONET.Jan 30 272.75 -0.29 37.75 12174000
HINDUNILVR.Jan 30 2067.1 0.27 36.47 6727800 ULTRACEMCO.Jan 30 4574.75 -0.96 36.43 1841200
SRTRANSFIN.Jan 30 1106.5 2.44 35.4 4096200 HDFC.Jan 30 2406.8 -1.13 32.7 20633750
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
CADILAHC.Jan 30 272.8 0.06 -33.65 2307800 IGL.Jan 30 509.05 -0.87 -29.64 3407250
BANKBARODA.Jan 30 93.6 0.48 -24.61 31222800 IDEA.Jan 30 5.25 -2.78 -20.09 2.51E+08
TORNTPHARM.Jan 30 1937.75 1.16 -22.52 230500 CANBK.Jan 30 204 -0.12 -18.31 7459400
JUBLFOOD.Jan 30 1762.65 0.41 -20.3 1129000 RAMCOCEM.Jan 30 811 -4.77 -18.3 675200
SAIL.Jan 30 47.75 1.27 -19.51 29673000 SUNTV.Jan 30 491.9 -0.33 -11.77 3300000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
HCL Technologies Ltd. 608.85 1.23 4281329 4045256 75.89 Nifty FMCG 31426.25 1.29 84636
ITC Ltd. 236.65 2.56 20469708 9816226 67.31 Nifty Metal 2665.85 0.89 84636
Hindustan Unilever Ltd 2074.2 0.66 873433 517179 66.56 Nifty Auto 8220.4 0.79 84636
Infosys Limited 789.7 1.5 6832757 3281703 64.08 Nifty 50 12129.5 0.61 84633
CASTROL INDIA LTD. 135.6 2.03 3651882 2555906 59.87 Nifty Realty 328.5 0.47 84636
Motherson Sumi Sys Ltd. 141.6 1.87 3971225 6007353 59.55 Nifty Media 1868.05 0.38 84636
Bosch Limited 14737.55 0.33 14115 11464 58.5 Nifty Bank 30877 0.38 84636
Larsen & Toubro Limited 1365.7 1.41 3678474 1338450 56.89 Nifty IT 16479.3 0.3 84636
CHOLAMANDALAM 327.65 0.57 6085725 2432855 56.66 Nifty Pharma 8412.8 -0.09 84636
Bharti Airtel Limited 490.25 -0.2 19668016 17426323 56.05 INDIA VIX 16.5 -4.64 84633

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR: Federal Fiscal Deficit (Dec) on 31st Janaury,2020

•INR: Infrastructure Output (YoY) (Dec) on 31st January,2020

•USA: Fed Interest Rate Decision on 30th January,2020

•USA: GDP (QoQ) (Q4)  on 30th January,2020

News Updates

•Bajaj Finance on Wednesday reported a 52 per cent year-on-year rise in consolidated net profit at Rs 1,614 crore for December quarter compared with Rs 1,060 crore in the same quarter last year. Analysts in an ET NOW poll had estimated profit figure at Rs 1,500 crore. Net interest income (NII) for the quarter rose 42 per cent to Rs 4,537 crore compared with Rs 3,206 crore in the year-ago quarter.

•Bharti Airtel has clarified that the government’s move to put it under the ‘Denied Entity List’ does not limit its ability to import and export goods and services in the future. “The Company is working towards an expeditious closure of this matter with the Office of the DGFT and for getting the Company’s name removed from the DEL.

•VA Tech Wabag jumped 3.13% to Rs 221.05 after the company said it secured multiple orders worth over Rs 760 crore in India, Switzerland and Singapore. It bagged Asian Development Bank (ADB)-funded water supply project in Bhagalpur, Bihar. The company also won an order to design and build a 178 MLD water treatment plant at Coimbatore.

•Jubilant Foodworks, the master franchise for Domino’s Pizza in India (Nepal, Sri Lanka and Bangladesh), reported a 7.5 percent year-on-year growth in Q3FY20 standalone profit, missing analyst expectations on January 29. The bottom line for the quarter stood at Rs 103.7 crore, increased from Rs 96.5 crore in the same period last year.

Source: Economic Times,  Moneycontrol  ,Business Today, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BAJAJ-AUTO Quarterly Results 30-Jan-20 LICHSGFIN Quarterly Results 30-Jan-20
INFRATEL Quarterly Results 30-Jan-20 MARICO Interim Dividend;Quarterly Results 30-Jan-20
IOC Quarterly Results 30-Jan-20 MCX Quarterly Results 30-Jan-20
TATAMOTORS Audited Results;Quarterly Results 30-Jan-20 PERSISTENT Interim Dividend;Quarterly Results 30-Jan-20
ANDHRABANK Preferential Issue of shares 30-Jan-20 TATAMTRDVR Audited Results;Quarterly Results 30-Jan-20
BAJAJHLDNG Quarterly Results 30-Jan-20 DALMIASUG Quarterly Results 30-Jan-20
BEL Interim Dividend;Quarterly Results 30-Jan-20 EXPLEOSOL Quarterly Results 30-Jan-20
BHARAT Quarterly Results 30-Jan-20 MNIL Quarterly Results 30-Jan-20
COLPAL Quarterly Results 30-Jan-20 MOIL Interim Dividend;Quarterly Results 30-Jan-20
DABUR Quarterly Results 30-Jan-20 NOCIL Quarterly Results 30-Jan-20
EQUITAS Quarterly Results 30-Jan-20 PARAGMILK Quarterly Results 30-Jan-20
GSFC Quarterly Results 30-Jan-20 PPAP Quarterly Results 30-Jan-20
JKTYRE Quarterly Results 30-Jan-20 STAR Quarterly Results 30-Jan-20
JUBLINDS Quarterly Results 30-Jan-20 STSERV Quarterly Results;General 30-Jan-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GMM 30-Jan-20 Interim Dividend – Rs. – 1.00 SIEMENS 03-Feb-20 Dividend – Rs. – 7.00
GRANULES 30-Jan-20 Interim Dividend – Rs. – 0.25 TCIEXP 03-Feb-20 Interim Dividend – Rs. – 1.50
MOTILALOFS 31-Jan-20 Interim Dividend – Rs. – 4.00 ACGL 04-Feb-20 Interim Dividend – Rs. – 5.00
SHARDACROP 31-Jan-20 Interim Dividend – Rs. – 2.00 CONTROLPR 04-Feb-20 Interim Dividend – Rs. – 3.50
DBCORP 03-Feb-20 Interim Dividend – Rs. – 3.50 VINATIORGA 05-Feb-20 Stock  Split From Rs.2/- to Rs.1/-
KIRLPNU 03-Feb-20 Interim Dividend – Rs. – 1.00 ARROWTEX 06-Feb-20 Amalgamation
NAM-INDIA 03-Feb-20 Interim Dividend – Rs. – 3.00 CCL 06-Feb-20 Interim Dividend – Rs. – 2.00
RBL 03-Feb-20 Interim Dividend – Rs. – 6.00 DCMSHRIRAM 06-Feb-20 Interim Dividend – Rs. – 4.20

 DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


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