2020-02-11-Outlook

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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