NIFTY:
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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