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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