2020-02-07-Outlook

NIFTY:

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.

VIEW:

Buy on a dip towards 12100 with a stop just below 12070.

Sell on a rally towards 12220 with a stop just above 12245.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     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.

DERIVATIVE PICKS

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
Sector Price Price% OI% OI Sector Price Price% OI% OI
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
Sectors Price Change % Quantity
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
CHOLAMANDALAM 340.2 -0.72 4835953 4994690 63.11 Nifty 50 12137.95 0.4 84957
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

   Domestic                                                                                                                                                  International
•INR:  FX Reserves, USD on 7th February,2020 •USA: Nonfarm Payrolls (Jan) on 7th February, 2020

•USA: Unemployment Rate  (Jan) on 7th February,2020

News Updates

•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

BOARD MEETINGS

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

Corporate Action

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