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
For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan