NIFTY:

Volatile markets are a great fun to watch. Volatility makes the stock prices move to extreme points on the both sides-up and down. Saturday, budget day and yesterday (Monday) were days when the NIFTY was moving on the downside. Today was the exact opposite.

The NIFTY opened with a mild higher gap, and then continued to move up throughout the day, relentlessly. In the process the index notched up gains of more then 250 points, and recovered all the losses caused on the budget day.

But this rapid movement has left us with some confusion. We are now unsure about the medium term trend of the market. We will have to wait for a few more days before we get clear pattern that give us a clear sense of direction.

VIEW:

look to buy on dips if finds support.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     IGL 513.70 BUY The stock has given the breakout with volume  on the intraday as well as on the daily chart. The stock can be bought at CMP with a stop loss of  505 and for the target of  527.
      EICHERMOT 19512.60 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  19950 and for  the target of  18600.

 

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATASTEEL 450 CE BUY 18.05 CMP 11 25 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CHOLAFIN.Feb 27 333.5 2.44 13.02 5012500 MANAPPURAM.Feb 27 172.65 -6.19 53.37 29658000
BALKRISIND.Feb 27 1123.7 3.61 13.02 1375200 BIOCON.Feb 27 285.9 -4.27 20.34 13510200
MRF.Feb 27 71896.85 3.06 12.59 18240 CANBK.Feb 27 186.65 -0.64 11.56 17794400
JUSTDIAL.Feb 27 531.1 2.81 11.25 2297400 SRF.Feb 27 3753.85 -1.13 8.68 732500
TATAGLOBAL.Feb 27 381.5 0.21 10.67 13248900 GODREJCP.Feb 27 655.65 -1.91 6.24 5356000
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
BANKNIFTY.Feb 27 30718.45 2.29 -24.32 1019540 JUBLFOOD.Feb 27 1940.45 -1 -8.09 2475500
ICICIPRULI.Feb 27 469.5 4.85 -7.43 9063000 PIDILITIND.Feb 27 1559.2 -0.59 -3.38 2144000
IOC.Feb 27 111.95 4.14 -6.98 65428000 TVSMOTOR.Feb 27 446.7 -2.84 -1.77 4950450
CONCOR.Feb 27 561.7 3.43 -6.63 5171967 BAJAJ-AUTO.Feb 27 3162.2 -3.76 -1.5 1686500
BPCL.Feb 27 471.5 3.83 -5.33 27252000 ZEEL.Feb 27 244.95 -4.65 -0.87 24653400

 

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Godrej Cons Products Ltd 654.55 -1.91 2088083 1295756 71.12 Nifty Metal 2594.25 3.32 167120383
TITAN COMPANY LIMITED 1275.8 7.54 7875930 2511104 69.84 Nifty Realty 318.6 2.77 1359204095
HCL Technologies Ltd. 586.5 1.28 3246094 2708631 67.31 Nifty 50 11979.65 2.32 36150181
HDFC Ltd. 2345.95 3.81 3288687 3311123 63.42 Nifty Bank 30686.7 2.21 14098954
HDFC BANK LTD. 1229.8 3.1 10448852 4024345 61.55 Nifty Pharma 8122.4 1.94 53233056
Petronet LNG Limited 270.05 1.56 1721035 1405158 59.8 Nifty IT 16350.85 1.81 1341756
Infosys Limited 787.85 2.66 5771311 3721975 58 Nifty Auto 8100.8 1.41 53305332
MARICO LIMITED 307.25 0.21 3344060 1664529 56.99 Nifty FMCG 30744 1.01 894974
Motherson Sumi Sys Ltd. 134.05 7.11 13743699 6646271 56.77 Nifty Media 1782.2 0.17 240166132
Page Industries Limited 24667.5 1.41 27751 17195 54.17 INDIA VIX 14.38 -8.87 286036522

 

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  Nikkei  Services PMI  (Jan) on 5th February,2020

•INR:  Interest Rate Decision on 6th February,2020

•USA: ISM Non- Manufacturing PMI (Jan) on 5th  February,2020

•USA: Crude Oil Inventories on 5th  February,2020

 

News Updates

•Four months after joining the board of directors for Reliance Infrastructure, Anil Ambani’s sons, Anmol and Anshul Ambani, have resigned from the board. Anil Ambani-led Reliance Infrastructure on Saturday informed the exchanges that Anmol Ambani and Anshul Ambani have resigned from the board of the company, effective January 31. The company, however, did not disclose the reason behind the development.

•The government will come out with the expression of Interest (EoI) inviting bidders for privatisation of BPCL within few days, a senior official said on February 2. The Cabinet in November had cleared strategic sale of oil marketing and refining firm Bharat Petroleum Corp Ltd (BPCL). The government currently holds 53.29 per cent stake in the company, and at prevailing market prices the share sale would fetch about Rs 60,000 crore to the government.

•BHEL on Monday said it has bagged an order for electro-mechanical works for 40 MW Rahughat Hydroelectric Project in Nepal. This is the second consecutive success for BHEL in the hydro power sector of Nepal. Last year, it had won an order for the largest hydropower project in Nepal, 900 MW Arun-3 HEP, which is presently under construction.

•DLF, backed by Singapore’s sovereign fund GIC, has leased 2 lakh square feet of office space to Facebook in Gurgaon’s Cyber city.

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

 

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADANIENT Quarterly Results 5-Feb-20 BOSCHLTD Quarterly Results 5-Feb-20
ADANIGAS Quarterly Results 5-Feb-20 BRIGADE Quarterly Results 5-Feb-20
ADCON Quarterly Results 5-Feb-20 BRIGHTBR Quarterly Results 5-Feb-20
ADLABS Quarterly Results 5-Feb-20 CADILAHC Quarterly Results 5-Feb-20
ADORFO General;Quarterly Results 5-Feb-20 CAPPL Quarterly Results 5-Feb-20
AEL General;Quarterly Results 5-Feb-20 CENTENKA Quarterly Results 5-Feb-20
AJANTPHARM Quarterly Results 5-Feb-20 CERA General;Quarterly Results 5-Feb-20
ANDHRABANK Quarterly Results 5-Feb-20 CFL Quarterly Results 5-Feb-20
APMIN Quarterly Results 5-Feb-20 CHORDIA Scheme of Arrangement 5-Feb-20
APOLLOTYRE Quarterly Results 5-Feb-20 CHOWGULSTM Quarterly Results 5-Feb-20
AVADHSUGAR Quarterly Results 5-Feb-20 CIPLA Quarterly Results 5-Feb-20
BABA Quarterly Results 5-Feb-20 COCHMAL Quarterly Results 5-Feb-20
BERGEPAINT Quarterly Results 5-Feb-20 DAICHI Quarterly Results 5-Feb-20
BHARATWIRE Quarterly Results 5-Feb-20 DCMNVL Quarterly Results 5-Feb-20

 

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ACCELYA 05-Feb-20 Interim Dividend – Rs. – 10.00 CCL 06-Feb-20 Interim Dividend – Rs. – 2.00
ALKALI 05-Feb-20 Interim Dividend – Rs. – 1.00 DCMSHRIRAM 06-Feb-20 Interim Dividend – Rs. – 4.20
BAJAJELEC 05-Feb-20 Right Issue of Equity Shares FERMENTA 06-Feb-20 Bonus issue 2:1
GODREJCP 05-Feb-20 Interim Dividend – Rs. – 2.00 KKCL 06-Feb-20 Interim Dividend – Rs. – 15.00
VINATIORGA 05-Feb-20 Stock  Split From Rs.2/- to Rs.1/- MANAPPURAM 06-Feb-20 Interim Dividend – Rs. – 0.55
ARROWTEX 06-Feb-20 Amalgamation MARICO 06-Feb-20 Interim Dividend – Rs. – 3.25
ORIENTELEC 06-Feb-20 Interim Dividend – Rs. – 0.65 MEERA 06-Feb-20 Bonus issue 7:5

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

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