NIFTY:

The NIFTY had a reasonable upwards opening, suggesting that the market were willing to go higher. However, the first level of resistance at 12150 held on. The NIFTY eventually closed at the low of the day, around 12100.

The index still closed higher by 76 points over yesterday’s close, thanks to the gap. It could not hold on to the intraday gains. We believe that the markets is likely to enter into a prolonged period of consolidation.

Support and resistance in a peroid of consolidation:

Today’s the NIFTY tried to cross 12150 but failed to do so. A preliminary resistance level is now identified at 12150. we are still looking to identify support, but we can look at 11950 as preliminary support level.

VIEW:

Sell on a rally towards 12160 with a stop just above 12190.

Buy on a dip towards 11950 with a stop just below 11920

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     BALKRISIND 1137.15 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 1117 and for the target of  1165.
      HAVELLS 618.85 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  627.50 and for  the target of  605.

 

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
MARICO 305 PE BUY 7.85 CMP 5.50 12.50 OI Increase

 

Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BALKRISIND.Feb 27 1140.95 2.91 21.73 1707200 NATIONALUM.Feb 27 39.65 -7.9 18.82 43219800
SUNTV.Feb 27 504 4.83 12.37 7676400 GODREJCP.Feb 27 619.2 -2.24 13.19 7570400
BANKNIFTY.Feb 27 31384.85 0.88 11.89 1245200 TATAGLOBAL.Feb 27 391.9 -0.37 9.96 15255000
DIVISLAB.Feb 27 2146.25 2.85 11.43 1836400 JUBLFOOD.Feb 27 1834 -1.52 8.67 2499500
OIL.Feb 27 133.35 1.79 11.22 15601410 TVSMOTOR.Feb 27 448.8 -1.12 8.64 4414500
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
IBULHSGFIN.Feb 27 337 6.09 -4.79 20319600 BERGEPAINT.Feb 27 583.3 -0.06 -0.91 7671400
CANBK.Feb 27 188 0.21 -2.67 21028800 HINDUNILVR.Feb 27 2162.4 -0.08 -0.87 10434000
MARUTI.Feb 27 7030 1.81 -2.36 3073400 TCS.Feb 27 2159 -0.02 -0.71 13678250
KOTAKBANK.Feb 27 1684.5 0.69 -1.99 8420400 RECLTD.Feb 27 142.4 -7.68 -0.7 24600000
RELIANCE.Feb 27 1453.95 1.06 -1.74 39690500 YESBANK.Feb 27 34.2 -2.29 -0.23 2.58E+08

 

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 189.5 1.55 18256826 12422696 72.48 Nifty Media 1827.45 1.63 85107
HCL Technologies Ltd. 610.65 0.95 2458748 1591595 69.62 Nifty Energy 15233.45 1.38 85107
HDFC BANK LTD. 1240.6 0.02 5806760 3208623 69.6 Nifty Metal 2651.75 0.87 85107
Shree Cements Ltd. 24813.45 -0.59 9352 22327 66.98 Nifty Bank 31300.6 0.78 85107
Oil & Natural Gas Corp 106.8 0.56 20946852 21456281 66.88 Nifty Pharma 8324.65 0.77 85107
Infosys Limited 773.55 0.05 4312817 2548802 66.59 Nifty 50 12107.9 0.64 85110
HDFC Ltd. 2435.15 0.86 1732762 1255535 61.05 Nifty Auto 7892.4 0.41 85107
BHARAT ELECTRONICS LTD 85.7 -0.92 13450753 7273678 57.72 Nifty IT 16452.3 0.12 85107
NTPC Limited 116.85 2.95 20937033 18066568 57.1 Nifty FMCG 30414.55 -0.37 85107
ITC Ltd. 212.6 0.97 29803784 5487153 57.05 INDIA VIX 13.88 -2.32 85107

 

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  Industrial Production (YoY) (Dec) on 12th February,2020

•INR:  CPI (YoY) (Jan) on 12th February,2020

•USA: Crude Oil Inventories on 12th February,2020

•USA: Core CPI (MoM) (Jan) on 13th Februrary,2020

 

News Updates

•A relaxation in the deadline to register BS-IV vehicles may be sought from the apex court if critical components from China do not arrive in time amidst the novel coronavirus outbreak, said a top Mahindra and Mahindra (M&M) official. Numerous parts that go onto vehicles made in India come from foreign lands, including China. A disruption to the Chinese manufacturing industry has got several automakers worried since even if most of the parts are available, lack of a few critical components can throw the entire production line into jeopardy.

•Around 43-48 per cent of new three wheelers and up to 17 per cent of the new two wheelers sold in the country by 2024 could be electric vehicles (EVs), a report by Crisil Research said. In the four wheeler segment, however, the traction is expected to remain low with EV sales accounting for just 5 per cent of the new sales, it noted.

•Infosys Ltd. said that it will acquire Simplus, a leading Salesforce consulting and advisory firm in the U.S. and Australia, in an up to $250 million deal. The deal size is “$200 million including contingent consideration to be paid for the acquisition of shares subject to closing adjustments”, according to the Bengaluru-based company’s exchange filing.

•Avenue Supermarts, the hypermarket retail chain D-Mart operator, entered the top 20 stocks list in terms of market capitalisation with a valuation of more than Rs 1.5 lakh crore.

Source: Economic Times,  Moneycontrol  ,Business Today, Business Standard, Bloomberg Quint

 

Board Meetings

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AARTIIND Interim Dividend;Quarterly Results 12-Feb-20 JAMNAAUTO Quarterly Results 12-Feb-20
ABB Audited Results;Dividend 12-Feb-20 KIRIINDUS Quarterly Results 12-Feb-20
ALCHEM General;Quarterly Results 12-Feb-20 KMSL Audited Results 12-Feb-20
ASHOKLEY Quarterly Results 12-Feb-20 KOCL Quarterly Results 12-Feb-20
BIRLACAP Quarterly Results 12-Feb-20 KPT Quarterly Results 12-Feb-20
BODALCHEM Interim Dividend;Quarterly Results 12-Feb-20 NATCOPHARM Interim Dividend;Quarterly Results 12-Feb-20
BRNL General;Quarterly Results 12-Feb-20 NBCC Quarterly Results 12-Feb-20
CENTRUM Quarterly Results 12-Feb-20 PFC Interim Dividend;Quarterly Results 12-Feb-20
DISHTV Quarterly Results 12-Feb-20 PGHH Quarterly Results 12-Feb-20
DIVISLAB Interim Dividend 12-Feb-20 RELIGARE Quarterly Results 12-Feb-20
FERMENTA Quarterly Results 12-Feb-20 SUNTECK Quarterly Results 12-Feb-20
FINOLEXIND Quarterly Results 12-Feb-20 SURYAROSNI Quarterly Results 12-Feb-20
FLFL Quarterly Results 12-Feb-20 SUZLON Quarterly Results 12-Feb-20
IRCTC Interim Dividend;Quarterly Results 12-Feb-20 WSTCSTPAPR Quarterly Results 12-Feb-20

 

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ARROWGREEN 12-Feb-20 Right Issue of Equity Shares DIAMINESQ 13-Feb-20 Interim Dividend – Rs. – 4.00
DHAMPURSUG 12-Feb-20 Interim Dividend – Rs. – 6.00 FERMENTA 13-Feb-20 Bonus issue 2:1
DLF 12-Feb-20 Interim Dividend – Rs. – 1.20 IBULHSGFIN 13-Feb-20 Interim Dividend – Rs. – 6.00
IRBINVIT 12-Feb-20 Income Distribution (InvIT) IIFLSEC 13-Feb-20 Interim Dividend – Rs. – 2.00
WELCORP 12-Feb-20 Interim Dividend – Rs. – 10.00 KEC 13-Feb-20 Interim Dividend – Rs. – 3.40
ALKEM 13-Feb-20 Interim Dividend – Rs. – 22.00 METROPOLIS 13-Feb-20 Interim Dividend – Rs. – 8.00
ARCHIDPLY 13-Feb-20 Spin Off MOIL 13-Feb-20 Interim Dividend – Rs. – 3.00
BLS 13-Feb-20 Interim Dividend – Rs. – 0.50 SUPRAJIT 13-Feb-20 Interim Dividend – Rs. – 0.75

 

 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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