Outlook-2019-11-11

NIFTY:

Markets finally gave an indication that they are unwilling to cross 12000 easily. On Friday the NIFTY opened weak, made some half- hearted attempts to cross 12000. Finally the index gave up and slid all the way down to 11900 where it closed.

The close was at the low of the day. While it is too early to say that a correction has started, we do get such signs based on market action today.  A correction could bring the NIFTY down to 11700.

VIEW:

Sell on the breakdown below 11900 with a stop just above 11950.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     RBLBANK 323.90 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  314  and for the target of  343.
     SUNTV 510.25 SELL The immediate trend of the stock is week . The stock can be sell with a stop loss of  522 and for  the target of  495-490..

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATAMOTORS 170 PE BUY 8.70 CMP 6.40 13.50 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IGL.Nov 28 419 6.13 73.54 5412000 BHARATFORG.Nov 28 428.5 -8.12 36.73 9252000
MGL.Nov 28 973.6 1.38 24.81 1935000 NIFTYIT.Nov 28 15480 -1.53 21.58 8450
BANKNIFTY.Nov 28 30789 0.41 23.55 1751320 SIEMENS.Nov 28 1648.7 -0.81 19.36 1515800
TATAPOWER.Nov 28 59.95 1.61 17.71 71352000 COLPAL.Nov 28 1580.15 -1.58 16.7 2915500
IBULHSGFIN.Nov 28 235.1 2.69 17.41 28209600 BERGEPAINT.Nov 28 484.5 -3.74 13.41 8298400
                                                                        Short Covering                                                                            Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
UBL.Nov 28 1255 1.82 -7.92 2204300 TORNTPHARM.Nov 28 1813.05 -0.73 -4.57 302500
INDIGO.Nov 28 1529.85 2.22 -4.77 3069900 BHEL.Nov 28 54.3 -2.6 -2.85 53377500
MRF.Nov 28 64425 1.25 -3.41 18670 RECLTD.Nov 28 139.25 -2.79 -2.79 19686000
LICHSGFIN.Nov 28 439.9 0.31 -1.65 9385200 SRF.Nov 28 3152.65 -0.17 -2.73 882250
JINDALSTEL.Nov 28 144.6 -3.05 -2.58 39856000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
MARICO LIMITED 370.6 0.22 1334062 2966602 78.87 INDIA VIX 15.86 4.27 83724
CUMMINS INDIA LIMITED 556.9 0.85 507267 504458 74.07 Nifty Bank 30749.4 0.38 83724
Hindustan Unilever Ltd 2086.4 -2.42 1537851 1363373 69.18 Nifty Media 1825.85 -0.73 83724
Power Grid Corporation o 191.65 -1.31 6616268 5915324 67.85 Nifty Auto 8169.65 -0.85 83724
Shree Cements Ltd. 19985.95 -0.27 22206 16006 66.66 Nifty 50 11908.15 -0.86 83724
HDFC Ltd. 2233.2 -0.79 3315622 3658935 65.55 Nifty IT 15383.3 -1.54 83724
GAIL (India) Limited 127.05 -3.82 21300806 7237879 64.26 Nifty Metal 2612.95 -1.73 83724
THE RAMCO CEMENTS 796.2 -0.75 169654 299368 62.92 Nifty Energy 15911 -1.75 83724
HDFC BANK LTD. 1255.6 -0.64 6625748 5309958 62.61 Nifty FMCG 31947.5 -1.81 83724
Siemens Ltd 1648.5 -0.99 959073 395632 60.89 Nifty Pharma 7787.4 -2.24 83724

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
•INR: Industrial Production  (YoY) (Sep)  on 11th  November 2019

•INR:  CPI (YoY) (Oct) on 12th November 2019

•USA:  Core CPI (MoM) (Oct) on 13th November 2019

•USA:   PPI  (MoM) (Oct)  on 14th November

NEWS UPDATES

India’s economy is “quite robust” and has “strong prospects of growth”, said the government on Friday after ratings agency Moody’s Investors Service cut the country’s outlook to negative. The International Monetary Fund (IMF) and other multilateral lending organizations are positive about India, said the Finance Ministry in a press release, adding the government’s reforms will help the economy.

Shares of DLF rallied over 8 per cent in intraday trade on the Bombay Stock Exchange on Friday on robust September quarter earnings as well as inclusion in the MSCI Global Standard Index. DLF on Thursday reported 18 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 444 crore for the second quarter ended September 30, 2019, driven by higher revenue.

Raymond share price rose almost 20% intraday to Rs 808.4 on friday after the textile-focused conglomerate announced demerger of its lifestyle business into a separate entity that would be listed through a mirror shareholding structure, meaning every shareholder of Raymond will be issued shares of the new company in the ratio of 1:1.

Mahindra and Mahindra (M&M + MVML) has reported 23.8 percent fall in its September quarter net profit at Rs 1,355 crore against Rs 1,778.8 crore in a year-ago period.

Source: Economic Times, Money Control

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADANIPORTS Quarterly Results 11-Nov-19 BALMLAWRIE Bonus issue;General;Quarterly Results 11-Nov-19
BRITANNIA Quarterly Results 11-Nov-19 BLISSGVS Quarterly Results 11-Nov-19
COALINDIA Quarterly Results 11-Nov-19 BOMDYEING Quarterly Results 11-Nov-19
INDIACEM Quarterly Results 11-Nov-19 GICRE General;Quarterly Results 11-Nov-19
MGL Quarterly Results 11-Nov-19 HAL Quarterly Results 11-Nov-19
NHPC Quarterly Results 11-Nov-19 HINDALCO Quarterly Results 11-Nov-19
SREINFRA Quarterly Results 11-Nov-19 INDHOTEL Quarterly Results 11-Nov-19
NMDC Quarterly Results 11-Nov-19 JSL Quarterly Results 11-Nov-19
MOTHERSUMI Quarterly Results 11-Nov-19 KEI Quarterly Results 11-Nov-19
BALRAMCHIN Interim Dividend;Quarterly Results 11-Nov-19 LINDEINDIA Quarterly Results 11-Nov-19
ALKEM Quarterly Results 11-Nov-19 METROPOLIS Quarterly Results 11-Nov-19
ASTRAZEN Quarterly Results 11-Nov-19 NESCO Quarterly Results 11-Nov-19
ADANIPORTS Quarterly Results 11-Nov-19 BALMLAWRIE Bonus issue;General;Quarterly Results 11-Nov-19

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
TCIEXP 11-Nov-19 Interim Dividend – Rs. – 1.50 GABRIEL 15-Nov-19 Interim Dividend – Rs. – 0.45
TCI 13-Nov-19 Interim Dividend – Rs. – 1.00 AMRUTANJAN 15-Nov-19 Interim Dividend – Rs. – 0.55
TRIDENT 13-Nov-19 Stock  Split From Rs.10/- to Rs.1/- GMM 15-Nov-19 Interim Dividend – Rs. – 1.00
DABUR 13-Nov-19 Interim Dividend – Rs. – 1.40 AJANTPHARM 15-Nov-19 Interim Dividend – Rs. – 13.00
NICCOPAR 14-Nov-19 Interim Dividend – Rs. – 0.20 GILLETTE 18-Nov-19 Final Dividend – Rs. – 25.00
TRITURBINE 14-Nov-19 Interim Dividend – Rs. – 0.50 EXIDEIND 18-Nov-19 Interim Dividend – Rs. – 1.60
SUNDRMFAST 14-Nov-19 Interim Dividend – Rs. – 1.35 IBULHSGFIN 18-Nov-19 Interim Dividend – Rs. – 7.00
EMAMILTD 14-Nov-19 Interim Dividend – Rs. – 2.00 PGHH 19-Nov-19 Final Dividend – Rs. – 48.00
GODREJCP 14-Nov-19 Interim Dividend – Rs. – 2.00 MANAPPURAM 19-Nov-19 Interim Dividend – Rs. – 0.55

 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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