2020-01-10-Outlook

NIFTY:

The NIFTY opened with a gap up of almost 128 points and marched further as the day progressed to hit an intraday high of 12224.05. The index finally closed at 12215.90 with a gain of 190 points or 1.58 percent driven by buying across sectors barring IT( TCS, MINDTREE and HCLTECH were under pressure).

The market breadth  was tilted in favour of buyers. About 1337  stocks advanced and 464 shares declined on NSE. An immediate support for NIFTY comes at 12150 and resistance at 12300.

VIEW:

Buy on a dip towards 12190 with a stop just below 12150.

Buy on a breakout above 12300 with a stop just below 12270.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     RELIANCE 1548 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  1531 and for the target of  1577.
     MUTHOOTFIN 747 SELL The immediate trend of the stock is weak . The stock can be sell with a stop loss of  760 and for  the target of  726.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
L&TFH 122.50 CE BUY 5.10 CMP 3.60 8.70 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BALKRISIND.Jan 30 1025.9 3.25 21.65 2004800 MFSL.Jan 30 509.2 -9.41 14.5 12340900
SUNTV.Jan 30 433.1 1.25 20.52 5716800 COALINDIA.Jan 30 198.6 -0.68 13.45 16483500
BHARTIARTL.Jan 30 462 0.43 17.43 48783105 RAMCOCEM.Jan 30 805 -0.44 11.82 1074400
NIFTY.Jan 30 12271 1.72 16.4 13970625 NMDC.Jan 30 121.25 -0.7 9.58 28614000
INFY.Jan 30 731 1.39 14.51 32284800 MGL.Jan 30 1034 -0.46 8.24 2269200
                                                                        Short Covering                                                                            Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
NIFTYIT.Jan 30 15930 0.04 -6.72 5550 JUBLFOOD.Jan 30 1714.55 -0.06 -1.51 2908000
JUSTDIAL.Jan 30 568.5 0.46 -2.97 2102800
CESC.Jan 30 739.4 2.07 -2.62 1339200
BHEL.Jan 30 45.1 4.16 -2.62 64521600
CANBK.Jan 30 214.25 3.05 -2.6 13140400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 1935.05 0.3 1544334 1467833 77.68 Nifty Auto 8155.25 2.68 82740
United Breweries Limited 1263.6 1.23 366442 884137 74.08 Nifty Media 1767.95 2.39 82740
Power Grid Corporation o 192.95 1.26 4339607 3614753 67.99 Nifty Bank 32092.4 2.29 82740
Page Industries Limited 23544.85 3.12 58676 25837 66.67 Nifty 50 12215.9 1.58 82737
HDFC BANK LTD. 1271.4 1.12 4773158 3549321 62.64 Nifty Energy 15900.35 1.5 82740
BRITANNIA IND LTD. 3001.1 -0.74 434270 119899 61.8 Nifty Metal 2806.8 1.43 82740
MAHANAGAR GAS LIMITED 1028.9 -0.49 456854 503675 59.99 Nifty FMCG 30123.6 0.77 82740
Dabur India Ltd. 460.7 0.89 1811623 760848 58.93 Nifty Pharma 8033.15 0.46 82740
HDFC Ltd. 2457.4 2.13 3247323 1254440 58.42 Nifty IT 15925.15 -0.18 82740
Petronet LNG Limited 270.25 -0.02 1009431 762873 57.97 INDIA VIX 14 -10.5 82737

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  Industrial Production on  (YoY)  (Nov)  on 10th January 2020

•INR:  Manufacturing Output (MoM) (Nov)  on 10th January 2020

•USA: Nonfarm Payrolls (Dec) on 10th January 2020

•USA: Unemployment Rate (Dec) on 10th January 2020

News Updates

•Mahindra & Mahindra  is looking at introducing an affordable electric vehicle priced less than Rs 9 lakh to expand its offering in the shared mobility space. The company will take the covers off the electric SUV e-KUV at the Auto Expo next month and launch subsequently in the first quarter of the next financial year.

•Infosys will kick off the earnings season on January 10. The IT Company is expected to report more than 1 percent growth in constant currency revenue during the period on a sequential basis and 1.2-1.5 percent growth in dollar revenue for the quarter as compared to September quarter.

•India’s antitrust regulator is looking into allegations that Maruti Suzuki, the country’s biggest car maker, pushes buyers to purchase insurance policies offered by the company, two sources with direct knowledge of the matter told Reuters. The Competition Commission of India (CCI) in June last year received an anonymous complaint alleging insurance plans recommended by Maruti while selling cars resulted in customers paying more compared with other options in the market.

•Ashok Leyland and ABB Power Products and Systems India Limited have signed a Memorandum of Understanding (MoU) in the public e-mobility space, to expand the eco-system for electric bus transportation systems in India.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AJMERA General 10-Jan-20 OLPCL General 10-Jan-20
ALEXANDER Interim Dividend;General 10-Jan-20 PGFOILQ General 10-Jan-20
ASHAPURMIN Issue Of Warrants 10-Jan-20 SCBL General 10-Jan-20
EMAMIREAL General 10-Jan-20 SOFTSOL Quarterly Results 10-Jan-20
FRONTSEC Voluntary Delisting of Shares 10-Jan-20 SUPREMEINF Scheme of Arrangement 10-Jan-20
ICSL Quarterly Results 10-Jan-20 SWORDEDGE General 10-Jan-20
INDIANACRY Quarterly Results 10-Jan-20 UTTAMSTL Quarterly Results 10-Jan-20
INFOMEDIA Quarterly Results 10-Jan-20 YESBANK Right Issue ;Issue Of Warrants;Pref. Issue 10-Jan-20
INFY Quarterly Results 10-Jan-20 DHANFAB General 11-Jan-20
KORE Quarterly Results 10-Jan-20 DMART Quarterly Results 11-Jan-20
NEH Voluntary Delisting of Shares 10-Jan-20 KCDGROUP Quarterly Results 11-Jan-20
OBCL General 10-Jan-20 WELCURE Quarterly Results 11-Jan-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
INFRATRUST 14-Jan-20 Income Distribution (InvIT) SSPNFIN 16-Jan-20 Bonus issue 1:1
SIS 15-Jan-20 Stock  Split From Rs.10/- to Rs.5/-

 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