2020-02-06-Outlook

NIFTY:

The NIFTY continued to gain for the third consective day, with the index crossing 12,000 decisively and close well above this number, with a gain of almost 110 points, about 0.90%.

The BANK NIFTY continued to move with the NIFTY, gaining a similar amount. The IT index was a little lagging, but still ended with gains. A stunning rally in late afternoon saw the NIFTY moved up to cross 12000 and close very near to 12100.

VIEW:

Buy on a dip towards 12000 with a stop just below 11970.

Buy on a breakout above 12100 with a stop just below 12070.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     INFY 784.50 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  773 and for the target of  805.
      RBLBANK 317.50 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  326.50  and for  the target of  303.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
LT 1320 CE BUY 29.60 CMP 21.70 45 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
AMBUJACEM.Feb 27 207.5 0.75 56.65 28957500 EXIDEIND.Feb 27 186.65 -1.16 38.9 15439600
APOLLOTYRE.Feb 27 168.95 4.19 37.95 15255000 HEROMOTOCO.Feb 27 2324.05 -3.56 34.31 3080600
CHOLAFIN.Feb 27 344.05 3.16 28.98 6465000 ZEEL.Feb 27 229.35 -6.37 25.93 31045400
SRF.Feb 27 3991.1 6.32 28.74 943000 MANAPPURAM.Feb 27 168.6 -2.35 16.91 34674000
TATACHEM.Feb 27 753 1.89 24.69 3835800 JUSTDIAL.Feb 27 527.2 -0.73 10.85 2546600
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
CESC.Feb 27 719.75 1.51 -2.45 1463200 IGL.Feb 27 515.3 -0.02 -2.94 8525000
TORNTPHARM.Feb 27 1998.1 3.26 -1.95 376500 MUTHOOTFIN.Feb 27 762.4 -1.44 -0.03 5128500
BIOCON.Feb 27 295.2 3.25 -1.82 13264100
TVSMOTOR.Feb 27 457.1 2.33 -1.47 4877550
IDFCFIRSTB.Feb 27 41.25 1.48 -0.13 1.99E+08

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
HCL Technologies Ltd. 595.6 1.55 3006324 2304138 70.98 Nifty Metal 2665.4 2.74 91506
HDFC BANK LTD. 1244.65 1.21 9010341 6900844 66.04 Nifty Bank 31001.95 1.03 91506
Torrent Pharma Ltd. 2001.25 3.76 493041 111005 65.44 Nifty Energy 15099.15 0.97 91506
MARICO LIMITED 311.6 1.42 9183894 2157185 64.51 Nifty 50 12089.15 0.91 91506
Godrej Cons Products Ltd 661.35 1.04 1410185 1327241 63.56 Nifty FMCG 30934.4 0.62 91506
Infosys Limited 784.55 -0.42 6310409 3493877 60.54 Nifty IT 16448.55 0.6 91506
Torrent Power Limited 318.15 4.4 2256587 657019 59.2 Nifty Auto 8131.7 0.38 91506
HAVELLS INDIA LIMITED 621.1 2.15 2174566 3821798 58.13 Nifty Pharma 8125.6 0.04 91506
Petronet LNG Limited 268.4 -0.61 2154211 977982 56.83 Nifty Media 1764.7 -0.98 91506
Larsen & Toubro Limited 1310.05 1.42 4220104 2029053 56.3 INDIA VIX 14.17 -1.44 91506

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  Interest Rate Decision on 6th February,2020 •N/A

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
ABFRL Quarterly Results 6-Feb-20 BIRLACABLE Quarterly Results 6-Feb-20
ABIRAFN Quarterly Results 6-Feb-20 BOMBPOT General 6-Feb-20
ACROW Quarterly Results 6-Feb-20 BPL General;Quarterly Results 6-Feb-20
ADANIPOWER Quarterly Results 6-Feb-20 CCCL Quarterly Results 6-Feb-20
ADHBHUTIN Quarterly Results 6-Feb-20 COMFINCAP Quarterly Results 6-Feb-20
ADVENZYMES Quarterly Results 6-Feb-20 CREATIVE Quarterly Results 6-Feb-20
AJMERA Quarterly Results 6-Feb-20 CSURGSU Quarterly Results 6-Feb-20
AKZOINDIA Quarterly Results 6-Feb-20 DAAWAT Quarterly Results 6-Feb-20
ALFAICA Quarterly Results 6-Feb-20 DALBHARAT Interim Dividend;Quarterly Results 6-Feb-20
ALKYLAMINE Interim Dividend;Quarterly Results 6-Feb-20 DYNMICR Quarterly Results 6-Feb-20
AMBIKCO Quarterly Results 6-Feb-20 EICHERMOT Quarterly Results 6-Feb-20
AUROPHARMA Interim Dividend;Quarterly Results 6-Feb-20 EIDPARRY Quarterly Results 6-Feb-20
BATAINDIA Quarterly Results 6-Feb-20 ELCIDIN Quarterly Results 6-Feb-20
BENGALASM Quarterly Results 6-Feb-20 ENDURANCE Quarterly Results 6-Feb-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ARROWTEX 06-Feb-20 Amalgamation AEGISLOG 7-Feb-20 Interim Dividend – Rs. – 0.5000
ORIENTELEC 06-Feb-20 Interim Dividend – Rs. – 0.65 BSOFT 7-Feb-20 Interim Dividend – Rs. – 1.0000
CCL 06-Feb-20 Interim Dividend – Rs. – 2.00 CUMMINSIND 7-Feb-20 Interim Dividend – Rs. – 7.0000
DCMSHRIRAM 06-Feb-20 Interim Dividend – Rs. – 4.20 NIITTECH 7-Feb-20 Interim Dividend – Rs. – 10.0000
FERMENTA 06-Feb-20 Bonus issue 2:1 VAIBHAVGBL 7-Feb-20 Interim Dividend – Rs. – 7.0000
KKCL 06-Feb-20 Interim Dividend – Rs. – 15.00 SRF 10-Feb-20 Interim Dividend – Rs. – 7.0000
MANAPPURAM 06-Feb-20 Interim Dividend – Rs. – 0.55 AVL 11-Feb-20 Buy Back of Shares
MARICO 06-Feb-20 Interim Dividend – Rs. – 3.25 BEL 11-Feb-20 Interim Dividend – Rs. – 1.4000

 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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