Outlook-2019-12-11

NIFTY:

Yesterday, we suggested that the market was poised for a large move. We explained that the markets could be looked at as half full glass, or a half empty glass. We also pointed out that 11880 was a significant level which should act as a dividing line between bulls and bears.

Today’s the NIFTY fell below 11880. From the point onwards, the market was all downhill with the index finally closing at the lows of the day. The NIFTY closed at 11856, down 81 points from yesterday. Two support levels have been broken today being, 11935 and then 11880. Support now comes at 11800.

VIEW:

Sell on breakdown below 11850 with a stop just above 11870.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     DIVISLAB 1813.65 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  1798 and for the target of  1840.
     JUBLFOOD 1561.95 SELL The immediate trend of the stock is weak . The stock can be sell with a stop loss of  1580 and for  the target of  1520.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
APOLLOTYRE 160 PE BUY 5.30 CMP 3 10 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HINDUNILVR.Dec 26 2033 0.99 5.21 9059400 APOLLOHOSP.Dec 26 1382.95 -2.4 19.91 1623000
NMDC.Dec 26 110.55 0.59 4.41 18024000 NIFTYIT.Dec 26 15098 -1.11 14.01 8950
PVR.Dec 26 1753 0.82 3.36 1341200 UJJIVAN.Dec 26 344.65 -0.76 12.74 8990400
BATAINDIA.Dec 26 1705 0.66 2.68 1834800 APOLLOTYRE.Dec 26 161.2 -5.23 11.65 9633000
LT.Dec 26 1281.35 0.05 2.59 19227000 L&TFH.Dec 26 113.45 -0.44 9.33 25623000
                                                                        Short Covering                                                                            Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
IDEA.Dec 26 6.6 1.54 -1.57 4.48E+08 TATAELXSI.Dec 26 840.6 -2.34 -4.39 1136400
IBULHSGFIN.Dec 26 269.7 4.11 -1.01 25939200 EQUITAS.Dec 26 110.6 -0.45 -3.75 22204000
DLF.Dec 26 218 0.11 -0.8 33073600 VOLTAS.Dec 26 679.1 -0.52 -2.6 3075000
BAJAJ-AUTO.Dec 26 3239 0.19 -0.43 2290500 YESBANK.Dec 26 46.85 -11.52 -2.54 202356000
SRF.Dec 26 3245.6 -0.28 -1.49 796000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
MARICO LIMITED 339.75 -0.29 1408245 972194 66.46 Nifty Pharma 7940.5 -0.25 85128
HDFC BANK LTD. 1249.5 0.53 4894450 2690691 65.11 Nifty Bank 31160.35 -0.5 85128
Power Grid Corporation o 182.75 -2.77 5941734 1992682 64.88 Nifty 50 11856.8 -0.68 85128
NESTLEIND 14091.7 -0.99 61800 63165 64.64 Nifty Auto 7801.35 -0.79 85125
NTPC Limited 110 -2.4 18958648 5039630 64.06 Nifty FMCG 30059 -1.04 85128
Torrent Pharma Ltd. 1824.95 -2.24 136832 177163 62.95 Nifty IT 14946.55 -1.39 85128
Dabur India Ltd. 456.9 -1.82 1963909 1079738 62.73 Nifty Metal 2515.9 -1.4 85125
Petronet LNG Limited 271.6 -0.39 1633041 1207097 62.41 Nifty Energy 15682.65 -1.68 85128
ITC Ltd. 235.6 -2.42 15380232 4107826 61.1 Nifty Media 1741.35 -1.94 85125
Infosys Limited 714.55 -0.38 4457939 3793800 58.95 INDIA VIX 14.29 -2.12 85128

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  CPI (YoY)  (Nov)  on 12th December 2019

•INR:  Industrial Production (YoY)  (Oct)  on 12th December 2019

•USA: Core CPI  (MoM)  ( Nov)  on 11th  December 2019

•USA: Crude Oil Inventories   on 11th December 2019

NEWS UPDATES

•The Reserve Bank of India has found that State Bank of India (SBI) has under-reported bad loans by Rs 11,932 crore during the financial year ended 31 March, 2019.The SBI, in an exchange filing, said that the RBI assessed the bank’s gross non-performing assets at Rs 1,84,682 crore in FY19.

•Yes Bank share price declined 9 percent intraday on December 10 on the back of the report stating that the Rakesh Jhunjhunwala was likely to withdraw the plan to invest in the private lender. He is expected to issue a formal letter to this effect on December 10 when the board of directors of Yes Bank meets to discuss the capital-raising plans.

•Honda Cars India Ltd (HCIL) on Tuesday introduced BS-VI compliant version of its premium sedan Honda City priced between Rs 9.91 lakh and Rs 14.31 lakh (ex-showroom Delhi).Petrol version of the BS-VI compliant Honda City is available in both manual and automatic transmissions, while diesel version will be introduced subsequently.

•Dilip Buildcon Ltd on Tuesday said it has been declared the lower bidder by Delhi Metro Rail Corporation Ltd for Rs 825.62-crore project. Dilip Buildcon Limited through JV has been declared L-1 bidder for the project part design and construction of elevated viaduct, elevated ramp, siding lines, viaduct for connection to Mukundpur depot and four elevated stations, Phase-IV of Delhi MRTS and partly integrated and partly independent flyover of PWD between Azadpur and Derawal Nagar on G T.

Source ; Moneycontrol, Business Today, Livemint, Economics times

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ALFREDHE Quarterly Results 11-Dec-19 SHYAM Quarterly Results 11-Dec-19
ALMONDZ Amalgamation;Quarterly Results 11-Dec-19 TCMLMTD General 11-Dec-19
ENBETRD Quarterly Results 11-Dec-19 AAVAS General 12-Dec-19
FINKURVE Quarterly Results 11-Dec-19 ADHARSHILA Quarterly Results 12-Dec-19
JYOTIN General 11-Dec-19 ADIEXRE Quarterly Results 12-Dec-19
KOTHARIFIN Voluntary Delisting of Shares 11-Dec-19 ARMANFIN General;Quarterly Results 12-Dec-19
MAAJTL General 11-Dec-19 BHAGYFN Quarterly Results 12-Dec-19
MANVIJAY General 11-Dec-19 BPCAP General 12-Dec-19
MOLDTEK General 11-Dec-19 CAPITALT Quarterly Results 12-Dec-19
PANTH General 11-Dec-19 CENTRUM Quarterly Results 12-Dec-19
QGO General 11-Dec-19 CHOLAFIN Interim Dividend;Preferential Issue 12-Dec-19
RSWM Right Issue of Equity Shares 11-Dec-19 DFL Quarterly Results 12-Dec-19
ALFREDHE Quarterly Results 11-Dec-19 SHYAM Quarterly Results 11-Dec-19

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
PIRPHYTO 11-Dec-19 Amalgamation IBVENTURES 18-Dec-19 Buy Back of Shares
TRIDENT 13-Dec-19 Stock  Split From Rs.10/- to Rs.1/- BALMLAWRIE 26-Dec-19 Bonus issue 1:2
BOROSIL 18-Dec-19 Dividend – Rs. – 0.65

 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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