2020-03-12-outlook

NIFTY:

The NIFTY finally had a day of rest when the index churned throughout the day but eventually closed without any losses or gains, almost unchanged. A day without any change is a welcome pause after wide ranges and significant movement on a close by close basis.

RELIANCE, what is the big winner of today, gaining more than 3%. The big looser were INFY, which lost 3%, and SBIN which lost 3.5%.

There is nothing to bind the NIFTY if you are looking for a positional trade. Volatility continues to be high, while, the trend is down. This is not a time to do bottom fishing. Markets must become stable before we can consider any trade, buy or sell. There are ample opportunity for the traders, with the NIFTY moving in hundred points swing many times during the day. Do not carry positions.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     COROMANDEL 622.10 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  610 and for the target of  650.
      ESCORTS 748.30 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  764 and for  the target of  735-720.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
JUSTDIAL 440 PE BUY 26.15 CMP 18 40-46 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PIDILITIND.Mar 26 1694.95 3.25 23.73 2696000 TCS.Mar 26 1946.45 -0.5 33.58 10809000
SUNTV.Mar 26 399.3 2.4 10.01 6566400 PVR.Mar 26 1509 -3.23 27.3 1858000
BANDHANBNK.Mar 26 378.5 0.85 9.4 5208000 MINDTREE.Mar 26 857.05 -3.22 23.88 1751200
TORNTPHARM.Mar 26 2125 1.58 9.08 354500 BANKNIFTY.Mar 26 26455 -0.27 23.48 1625040
PEL.Mar 26 1188.1 0.45 8.76 2998536 INFY.Mar 26 683 -3.41 20.46 30884400
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
MANAPPURAM.Mar 26 144.8 1.58 -6.87 21954000 BHARATFORG.Mar 26 401.8 -2.76 -2.14 7068100
MFSL.Mar 26 500.05 0.01 -3.38 3044600 BHEL.Mar 26 27.2 -0.18 -2.07 73944000
IDFCFIRSTB.Mar 26 33.2 0.61 -0.44 1.8E+08 APOLLOTYRE.Mar 26 114.6 -9.83 -1.01 14946000
ADANIPOWER.Mar 26 41.1 0.61 -0.43 72150000 TATAPOWER.Mar 26 37.9 -4.17 -0.85 61875000
GLENMARK.Mar 26 259.1 -2.26 -0.7 7323400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 181.4 0.25 23965094 26188644 66.88 INDIA VIX 31.55 2.45 84417
CHOLAMANDALAM 262.1 -4.34 2520194 2289173 66.87 Nifty Media 1454.3 2.01 84420
Wipro Ltd 213.1 -0.61 6135166 5794746 66.37 Nifty Bank 26487.8 0.1 84420
Petronet LNG Limited 221.45 -0.4 5085400 3010663 65.39 Nifty FMCG 28078.75 0.08 84420
HDFC BANK LTD. 1113.8 0.59 17769198 11111864 64.57 Nifty 50 10458.4 0.07 84417
Hindustan Unilever Ltd 2155 1.58 2861649 1578931 63.53 Nifty Energy 12398.7 -0.65 84420
Shree Cements Ltd. 21894.9 0.16 50666 38606 61.32 Nifty Auto 6568.45 -0.96 84420
Info Edge (India) Limite 2548.2 0.69 341397 148992 61.19 Nifty IT 14681.4 -1.17 84420
Larsen & Toubro Limited 1116.95 1.36 5628178 4877266 60.67 Nifty Metal 1986.95 -1.64 84420
HDFC Ltd. 2036.25 0.41 6997019 3015302 59.69 Nifty Pharma 7623.05 -1.72 84420

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  Industrial Production (YoY) (Jan)  on 12th March ,2020

•INR:  CPI (YoY) (Feb) on 12th March,2020

•USA: PPI (MoM) (Feb)  on 12th  March,2020

News Updates

•PNC Infratech Ltd on Wednesday said it has bagged orders worth Rs 3,582 crore from the National Highways Authority of India (NHAI) for widening of road projects in Uttar Pradesh. In a filing to the BSE the company said it has received “letters of award (LOA) from National Highways Authority of India (NHAI) on March 9, 2020, for the project of four-laning of the Aligarh-Kanpur section from 356 km (design chainage 373.085 km) to 414 km (design chainage  433.728 km), package-V, Mitrasen-Kanpur section of NH-91 in the state of Uttar Pradesh on a hybrid annuity mode under the Bharatmala Pariyojana for a bid project cost of Rs 2,052 crore.”

•State Bank of India (SBI) on Wednesday said it has reduced its fixed deposit rates for certain tenors and marginal cost of funds-based lending rates (MCLR) across various tenors. Making it a second reduction in a month, the public sector bank has reduced retail term deposits (less than Rs 2 crore) by 10 to 50 basis points for a few tenors.

•Adani Enterprises Ltd (AEL) on Wednesday said it has won a Rs 1,546-crore project from National Highways Authority of India (NHAI) for building a stretch of NH-16 in Andhra Pradesh under Bharatmala Pariyojana. The project will be undertaken under the hybrid annuity mode. The company led consortium has received a letter of award (LOA) from NHAI for six laning of Vijaywada Bypass from Gollapudi to Chinnakakani including major bridge across river Krishna in Vijayawada Gundugolanu section .

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ALICON Interim Dividend 12-Mar-20 GARWARPOLY Interim Dividend;General 12-Mar-20
AMRITCORP Interim Dividend 12-Mar-20 GDL Interim Dividend 12-Mar-20
ARVINDFASN Rights Issue 12-Mar-20 HINDNATGLS General 12-Mar-20
ASHOKLEY Interim Dividend 12-Mar-20 IBVENTURES Interim Dividend 12-Mar-20
BLUESTARCO Interim Dividend 12-Mar-20 IIFL Interim Dividend 12-Mar-20
BPCL Interim Dividend 12-Mar-20 JYOTHYLAB Interim Dividend 12-Mar-20
CEATLTD Interim Dividend 12-Mar-20 KILPEST Interim Dividend 12-Mar-20
CIPLA Interim Dividend 12-Mar-20 KTIL Interim Dividend 12-Mar-20
COALINDIA Interim Dividend 12-Mar-20 LAURUSLABS Interim Dividend 12-Mar-20
CYIENT Interim Dividend 12-Mar-20 MANINDS Interim Dividend 12-Mar-20
EASTWEST General 12-Mar-20 PRINCEPIPE Interim Dividend 12-Mar-20
FCL Interim Dividend 12-Mar-20 RAJOIL General 12-Mar-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
MANINFRA 12-Mar-20 Interim Dividend – Rs. – 0.55 FAZE3Q 12-Mar-20 Interim Dividend – Rs. – 0.50
AXTEL 12-Mar-20 Interim Dividend – Rs. – 2.50 IMPAL 12-Mar-20 Interim Dividend – Rs. – 10.00
BNKCAP 12-Mar-20 Interim Dividend – Rs. – 2.50 INDIAMART 12-Mar-20 Interim Dividend – Rs. – 10.00
CAPPL 12-Mar-20 Interim Dividend – Rs. – 2.10 KALPATPOWR 12-Mar-20 Interim Dividend – Rs. – 3.50
CHAMBLFERT 12-Mar-20 Interim Dividend – Rs. – 4.00 KIRLFER 12-Mar-20 Interim Dividend – Rs. – 2.00
DECCANCE 12-Mar-20 Interim Dividend – Rs. – 4.00 KRL 12-Mar-20 Interim Dividend – Rs. – 1.00
ELDEHSG 12-Mar-20 Interim Dividend – Rs. – 17.50 KSL 12-Mar-20 Interim Dividend – Rs. – 5.00
EMPIND 12-Mar-20 Interim Dividend – Rs. – 25.00 MANAPPURAM 12-Mar-20 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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