NIFTY:
CORONA VIRUS
With a lots of regret, we have to note that there is a significant change in risk approach due to the virus, all over the world. Financial markets have become risk averse during the last two days. We are confident that modern technology will overcome the virus sooner rather then later. But there is a scare, with markets likely to remain nervous and uncertain.
Positional traders should wait patiently, for a dip towards 11700 to 11800. This is the level where you should begin buying the index. In the unlikely event that the index makes new highs without touching these levels, we will have to wait for another correction.
VIEW:
Sell on a rally towards 12070 with a stop just above 12110.
Buy on a dip towards 11930 with a stop just below 11900.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| ASIANPAINT | 1869.50 | 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 1848 and for the target of 1900. |
| BHEL | 38.15 | SELL | The immediate trend of the stock is weak . The stock can be sold at CMP with a stop loss of 39.90 and for the target of 35. |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| PVR | 2050 CE | BUY | 55 | CMP | 43 | 77 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| GAIL.Feb 27 | 122.35 | 1.79 | 15.63 | 52390548 | BHARATFORG.Feb 27 | 498.55 | -3.31 | 27.79 | 9839700 | |
| CADILAHC.Feb 27 | 277 | 0.44 | 9.67 | 8705400 | MOTHERSUMI.Feb 27 | 125.6 | -5.28 | 26.84 | 25705000 | |
| DIVISLAB.Feb 27 | 2083.95 | 0.45 | 7.96 | 1828800 | JUSTDIAL.Feb 27 | 502 | -6.33 | 20.63 | 3085600 | |
| BIOCON.Feb 27 | 309.5 | 0.21 | 7.43 | 14292200 | SAIL.Feb 27 | 46.15 | -5.24 | 16.85 | 88940500 | |
| MRF.Feb 27 | 73572.05 | 3.68 | 5.69 | 22480 | TATASTEEL.Feb 27 | 443.8 | -6.07 | 15.34 | 24574500 | |
| Short Covering | Long unwinding | |||||||||
| Sector | Price | Price% | OI% | OI | Sector | Price | Price% | OI% | OI | |
| PFC.Feb 27 | 125.85 | 0.52 | -0.59 | 32153200 | NIFTYIT.Feb 27 | 16340 | -0.43 | -4.84 | 5900 | |
| VOLTAS.Feb 27 | 682 | -2.78 | -4.38 | 4280000 | ||||||
| MINDTREE.Feb 27 | 924.65 | -0.11 | -2.41 | 873600 | ||||||
| TVSMOTOR.Feb 27 | 452.25 | -2.66 | -1.65 | 4099950 | ||||||
| TATAGLOBAL.Feb 27 | 394.25 | -0.73 | -1.61 | 14153400 | ||||||
Top Delivery Percentage
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Godrej Cons Products Ltd | 630.85 | -2.47 | 1454583 | 1127181 | 66.67 | INDIA VIX | 14.21 | 3.35 | 84792 | |
| HDFC BANK LTD. | 1240.3 | -0.15 | 4609917 | 2193596 | 64.37 | Nifty IT | 16431.95 | -0.23 | 84792 | |
| ITC Ltd. | 210.55 | -1.34 | 9617387 | 10930975 | 63.8 | Nifty Bank | 31058.15 | -0.46 | 84792 | |
| HCL Technologies Ltd. | 604.9 | -0.46 | 2286213 | 1827003 | 63.76 | Nifty 50 | 12031.5 | -0.55 | 84792 | |
| Hindustan Unilever Ltd | 2159.3 | -0.03 | 1389847 | 555973 | 61.22 | Nifty FMCG | 30528.45 | -0.91 | 84792 | |
| Kotak Mahindra Bank Limi | 1669.3 | 0.98 | 1355124 | 1397345 | 61.02 | Nifty Pharma | 8261.25 | -0.97 | 84792 | |
| Power Grid Corporation o | 186.6 | -2 | 17140398 | 6187839 | 60.92 | Nifty Energy | 15025.5 | -1.08 | 84792 | |
| TECH MAHINDRA LIMITED | 813.65 | -1.31 | 1098971 | 826809 | 59.17 | Nifty Media | 1798.1 | -1.6 | 84792 | |
| HDFC Ltd. | 2414.3 | 0.36 | 2056525 | 1297776 | 59.17 | Nifty Auto | 7860.55 | -2.53 | 84792 | |
| Larsen & Toubro Limited | 1285.3 | -1.05 | 3039992 | 1798671 | 58.9 | Nifty Metal | 2628.9 | -3.02 | 84792 | |
Upcoming Economic Data
| Domestic International | |
| •INR: Industrial Production (YoY) (Dec) on 12th February,2020
•INR: CPI (YoY) (Jan) on 12th February,2020 |
•USA: JOLTs Job Openings (Dec) on 11th February,2020
•USA: Crude Oil Inventories on 12th February,2020 |
News Updates
1. Sales of cars and utility vehicles continued to decline in January as the worst slowdown in the sector in almost two decades showed no signs of recovery. Domestic sales of passenger vehicles tumbled 6.2 percent year-on-year to 2,62,714 units in January, according to data released by the Society of Indian Automobile Manufacturers.
2. Ashok Leyland on Monday said its UK arm Optare has bagged orders for supplying 37 electric double-decker buses in London. The company’s subsidiary Optare Plc is partnering with Tower Transit Group in the launch of two new electric routes in London with the supply of 37 Metrodecker double-deck EVs, Ashok Leyland said in a statement. The Metrodecker EV – zero emission double-decker – is designed and built at Optare’s facility in Sherburn, near Leeds.
3. Larsen & Tubro has won power transmission and distribution orders worth Rs 2,500 to 5,000 crore in India and abroad, the engineering major said on Monday.
4. Steel Authority of India Ltd (SAIL) will not close down three of its loss-making speciality steel plants if the company does not find buyers for these units, its chairman Anil Kumar Chaudhary said. Earlier, the Centre had approved outright sale of Alloy Steels Plant (ASP) in West Bengal, Salem Steel Plant (SSP) in Tamil Nadu and Visvesvaraya Iron and Steel Plant (VISP) in Karnakata, as accumulated loss in these units was over Rs 370 crore in the last fiscal.
Source: Economic Times, Moneycontrol ,Business Today, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| 3MINDIA | General;Quarterly Results | 11-Feb-20 | GLOKNIT | Quarterly Results | 11-Feb-20 |
| ALBK | Quarterly Results | 11-Feb-20 | GNFC | Quarterly Results | 11-Feb-20 |
| BASF | Quarterly Results | 11-Feb-20 | GREENPLY | Quarterly Results | 11-Feb-20 |
| BEML | Quarterly Results | 11-Feb-20 | HEG | Interim Dividend;Quarterly Results | 11-Feb-20 |
| BHEL | Quarterly Results | 11-Feb-20 | HEIDELBERG | Quarterly Results | 11-Feb-20 |
| CESC | Interim Dividend;Quarterly Results | 11-Feb-20 | HEXAWARE | Audited Results;Dividend | 11-Feb-20 |
| CRISIL | Audited Results;Dividend | 11-Feb-20 | IDBI | Quarterly Results | 11-Feb-20 |
| DBREALTY | Quarterly Results | 11-Feb-20 | MCLTD | Quarterly Results | 11-Feb-20 |
| DOLLAR | Quarterly Results | 11-Feb-20 | NECLIFE | Quarterly Results | 11-Feb-20 |
| FRONTCAP | Quarterly Results | 11-Feb-20 | PNBGILTS | Quarterly Results | 11-Feb-20 |
| GENUSPAPER | Quarterly Results | 11-Feb-20 | RAMASTEEL | Quarterly Results | 11-Feb-20 |
| GICHSGFIN | Quarterly Results | 11-Feb-20 | SAKUMA | Quarterly Results | 11-Feb-20 |
| GISOLUTION | Quarterly Results | 11-Feb-20 | SIEMENS | Quarterly Results | 11-Feb-20 |
| GKCONS | Quarterly Results | 11-Feb-20 | TATAINVEST | Quarterly Results | 11-Feb-20 |
Corporate Action
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| 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 | DLF | 12-Feb-20 | Interim Dividend – Rs. – 1.20 |
| BROOKS | 11-Feb-20 | Right Issue of Equity Shares | IRBINVIT | 12-Feb-20 | Income Distribution (InvIT) |
| KPRMILL | 11-Feb-20 | Interim Dividend – Rs. – 3.75 | WELCORP | 12-Feb-20 | Interim Dividend – Rs. – 10.00 |
| RECLTD | 11-Feb-20 | Interim Dividend – Rs. – 11.00 | ALKEM | 13-Feb-20 | Interim Dividend – Rs. – 22.00 |
| RSDFIN | 11-Feb-20 | Stock Split From Rs.10/- to Rs.5/- | BLS | 13-Feb-20 | Interim Dividend – Rs. – 0.50 |
| TVSMOTOR | 11-Feb-20 | Interim Dividend – Rs. – 2.10 | DIAMINESQ | 13-Feb-20 | Interim Dividend – Rs. – 4.00 |
| ARROWGREEN | 12-Feb-20 | Right Issue of Equity Shares | FERMENTA | 13-Feb-20 | Bonus issue 2:1 |
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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