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
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