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.
Buy on a dip towards 12190 with a stop just below 12150.
Buy on a breakout above 12300 with a stop just below 12270.
|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.|
|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|
|NIFTYIT.Jan 30||15930||0.04||-6.72||5550||JUBLFOOD.Jan 30||1714.55||-0.06||-1.51||2908000|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|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
|•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
|•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,,
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ASHAPURMIN||Issue Of Warrants||10-Jan-20||SCBL||General||10-Jan-20|
|FRONTSEC||Voluntary Delisting of Shares||10-Jan-20||SUPREMEINF||Scheme of Arrangement||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|
|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|
|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/-|
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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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