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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