The NIFTY continued to gain for the fourth consecutive day, with the index closing at 12133.65, with a gain of almost 44 points, about 0.37%. A stunning rally during late afternoon saw the NIFTY move up to cross 12100 decisively and close above 12100.
On January 29,2020, the closing of NIFTY was at 12132 and today ( 7 trading days in between) NIFTY is still at 12133.65. Not much of change during the last week. But during those seven trading days, the first three day saw a downtrend movement of almost 500 points and the remaining four days saw an equal upside move. That show how the NIFTY was volatile.
Today, NIFTY traded very narrow inside a range of just 76 points. This is the first sign of high volatility to be normalizing. Now, we should see a period of consolidation in the NIFTY next week.
Buy on a dip towards 12100 with a stop just below 12070.
Sell on a rally towards 12220 with a stop just above 12245.
|PIDILITIND||1556.00||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 1550-1552 with a stop loss of 1535 and for the target of 1574.|
|ZEEL||235.80||SELL||The immediate trend of the stock is weak . The stock can be sold at CMP with a stop loss of 246 and for the target of 210.|
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|MFSL||480 PE||BUY||19.75||CMP||12||36||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|CHOLAFIN.Feb 27||344.3||3.24||24.29||6230000||HEROMOTOCO.Feb 27||2328.85||-3.36||31.3||3011600|
|TATACHEM.Feb 27||754||2.02||21.27||3730500||ZEEL.Feb 27||228.05||-6.9||16.83||28801400|
|SRF.Feb 27||3997.65||6.49||20.92||885750||MANAPPURAM.Feb 27||168.55||-2.37||15.7||34314000|
|APOLLOTYRE.Feb 27||169.2||4.35||20.05||13275000||ACC.Feb 27||1476||-0.61||9.25||4204000|
|RECLTD.Feb 27||151.5||6.54||17.16||23886000||BOSCHLTD.Feb 27||13817.55||-1.55||8.53||150160|
|Short Covering||Long unwinding|
|TORNTPHARM.Feb 27||1995.75||3.14||-10.81||342500||EXIDEIND.Feb 27||185.25||-1.91||-2.27||10863400|
|TVSMOTOR.Feb 27||459.1||2.78||-10.8||4415850||MUTHOOTFIN.Feb 27||761.15||-1.6||-1.96||5029500|
|TITAN.Feb 27||1277.7||0.24||-9.04||8910750||BERGEPAINT.Feb 27||588||-0.35||-0.95||7999200|
|IGL.Feb 27||516.15||0.15||-6.32||8228000||MGL.Feb 27||1188.7||-0.58||-0.63||2276400|
|TATAMOTORS.Feb 27||184.05||10.54||-6.31||66306000||NESTLEIND.Feb 27||16437.55||-0.04||-0.17||493750|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|HDFC BANK LTD.||1239.8||-0.39||5913775||6955471||77.19||Nifty Media||1792.35||1.57||84963|
|ICICI PRUDENTIAL LIFE IN||488||2.24||4599692||2695557||66||Nifty Pharma||8227.9||1.26||84960|
|HDFC Ltd.||2436.45||1.87||3536393||2078655||64.07||Nifty Bank||31304.05||0.97||84960|
|MARICO LIMITED||305.95||-1.81||3174813||5810577||63.27||Nifty Metal||2688.75||0.88||84963|
|Power Grid Corporation o||192.9||1.87||5161300||5023412||61.38||Nifty Auto||8142.15||0.13||84963|
|Pidilite Industries Ltd||1550.4||-0.04||734417||277036||61.13||Nifty Realty||326.25||-0.05||84963|
|Infosys Limited||771.35||-1.68||7341622||3754373||59.49||Nifty IT||16371.15||-0.47||84960|
|Hindustan Unilever Ltd||2156.4||-0.18||1302116||885125||58.45||Nifty FMCG||30736.6||-0.64||84960|
|HCL Technologies Ltd.||599.7||0.69||4704968||1738594||57.83||INDIA VIX||13.78||-2.75||84957|
Upcoming Economic Data
|•INR: FX Reserves, USD on 7th February,2020||•USA: Nonfarm Payrolls (Jan) on 7th February, 2020
•USA: Unemployment Rate (Jan) on 7th February,2020
|•Eicher Motors Ltd.’s third-quarter profit fell in line with estimates amid a slowdown in the auto sector. Realisation improved 10 percent year-on-year. Net profit of the Royal Enfield maker fell 6.3 percent year-on-year to Rs 499 crore in the three months ended December, according to the automaker’s exchange filing. That compares with Rs 503 crore that analysts surveyed by Bloomberg had forecast.
•Emami Group has agreed to sell its cement unit to a subsidiary of Nirma Group as its promoters look to pare debt. The group entered into a binding agreement with Nuvoco Vistas Corporation Ltd., part of the Nirma Group, for 100 stake sale in Emami Cement Ltd. at an enterprise value of Rs 5,500 crore, according to an exchange filing. The transaction, subject to regulatory approvals, is expected to be completed in the next three to four months.
•The monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Thursday kept the repo rate unchanged at 5.15 per cent .Reverse repo rate stands unchanged at 4.90 per cent. Further, the bank said it will maintain ‘accommodative’ policy stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target.
•ArcelorMittal on Thursday reported a net loss of loss of USD 1.9 billion for the quarter ended December.
Source: Economic Times, Moneycontrol ,Business Today, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ABBOTINDIA||Quarterly Results||07-Feb-20||MGL||Quarterly Results;Interim Dividend||07-Feb-20|
|ACC||Dividend;Audited Results||07-Feb-20||NCC||Quarterly Results||07-Feb-20|
|ALKEM||Quarterly Results;Interim Dividend||07-Feb-20||NESCO||Quarterly Results||07-Feb-20|
|BRITANNIA||Quarterly Results||07-Feb-20||NHPC||Quarterly Results;Interim Dividend||07-Feb-20|
|CONCOR||Quarterly Results;Interim Dividend||07-Feb-20||NIACL||Quarterly Results;General||07-Feb-20|
|CORPBANK||Quarterly Results||07-Feb-20||NTPC||Quarterly Results;Interim Dividend||07-Feb-20|
|EMAMILTD||Quarterly Results||07-Feb-20||REPCOHOME||Quarterly Results||07-Feb-20|
|GODFRYPHLP||Quarterly Results||07-Feb-20||SYMPHONY||General;Interim Dividend;Quarterly Results||07-Feb-20|
|INDIACEM||Quarterly Results||07-Feb-20||TATASTEEL||Quarterly Results||07-Feb-20|
|INOXLEISUR||Quarterly Results||07-Feb-20||TVTODAY||Quarterly Results||07-Feb-20|
|INOXWIND||Quarterly Results||07-Feb-20||UPL||Quarterly Results||07-Feb-20|
|J&KBANK||Preferential Issue of shares||07-Feb-20||VBL||General;Audited Results||07-Feb-20|
|KEC||Quarterly Results||07-Feb-20||VOLTAS||Quarterly Results||07-Feb-20|
|MAXINDIA||Quarterly Results||07-Feb-20||WHIRLPOOL||Quarterly Results||07-Feb-20|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|AEGISLOG||07-Feb-20||Interim Dividend – Rs. – 0.50||BROOKS||11-Feb-20||Right Issue of Equity Shares|
|BSOFT||07-Feb-20||Interim Dividend – Rs. – 1.00||KPRMILL||11-Feb-20||Interim Dividend – Rs. – 3.75|
|CUMMINSIND||07-Feb-20||Interim Dividend – Rs. – 7.00||RECLTD||11-Feb-20||Interim Dividend – Rs. – 11.00|
|NIITTECH||07-Feb-20||Interim Dividend – Rs. – 10.00||RSDFIN||11-Feb-20||Stock Split From Rs.10/- to Rs.5/-|
|VAIBHAVGBL||07-Feb-20||Interim Dividend – Rs. – 7.00||TVSMOTOR||11-Feb-20||Interim Dividend – Rs. – 2.10|
|SRF||10-Feb-20||Interim Dividend – Rs. – 7.00||ARROWGREEN||12-Feb-20||Right Issue of Equity Shares|
|AVL||11-Feb-20||Buy Back of Shares||DHAMPURSUG||12-Feb-20||Interim Dividend – Rs. – 6.00|
|BEL||11-Feb-20||Interim Dividend – Rs. – 1.40||IRBINVIT||12-Feb-20||Income Distribution (InvIT)|
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
For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan