2020-02-14-Outlook

NIFTY:

The NIFTY today closed lower, starting to drift down from the very morning. The index continues to remain above a resistance level of 12150. The value of 12150 is now of a significant indication for the index. So far the NIFTY closed above this level, we expect the markets to consolidate or even go up. If the index closed below 12150, the first sign of a waek market may become visible.

Thus we wait patiently for 12150 to be taken out one way or the other. With a certain amount of uncertanity in the market, we do not think there are any positional tardes. Short-term trades are mainly to look and go shoart for intraday. This is not an easy trade to take.

VIEW:

Buy on a dip towards  12150 with a stop just below 12120.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     INFY 792.25 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  284 and for the target of  805.
      GODREJCP 637.10 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  647  and for  the target of  621.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BHARTIARTL 540 CE BUY 11.85 CMP 7.50 18 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TORNTPOWER.Feb 27 314.7 5.09 30 5460000 BANKNIFTY.Feb 27 31215.25 -1.11 15.26 1389280
TORNTPHARM.Feb 27 2091 3.67 23.4 443000 INDUSINDBK.Feb 27 1232.8 -3.57 11.74 15387600
NIFTYIT.Feb 27 16663 0.84 14.39 7550 NMDC.Feb 27 104.7 -4.64 11.35 44154000
DRREDDY.Feb 27 3321 3.68 13.56 3169750 IGL.Feb 27 496.1 -5.11 11.07 9795500
SRTRANSFIN.Feb 27 1251.95 3.28 12.06 6098400 ASHOKLEY.Feb 27 81.3 -0.06 8.27 70080000
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
JUSTDIAL.Feb 27 516.5 1.7 -4.09 3085600 PFC.Feb 27 125.85 -1.02 -3.67 34664200
RAMCOCEM.Feb 27 790 1 -2.89 1669600 CADILAHC.Feb 27 270.4 -0.62 -0.58 8250000
BALKRISIND.Feb 27 1150 0.14 -2.48 1824000 RECLTD.Feb 27 141.2 -0.91 -0.39 22830000
HINDPETRO.Feb 27 234.75 0.11 -2.04 15141000 ADANIPOWER.Feb 27 60.15 -0.66 -0.28 75700000
BOSCHLTD.Feb 27 14710 1.84 -1.59 141320 JSWSTEEL.Feb 27 292.2 -0.56 -0.2 59705700

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
HCL Technologies Ltd. 612.45 -0.27 2090363 3438041 70.55 Nifty Pharma 8335.7 0.85 83151
Power Grid Corporation o 190.55 0.63 10451879 6382260 69.24 Nifty IT 16673.05 0.82 83151
HDFC BANK LTD. 1241.4 -0.61 4556070 2114375 67.15 Nifty Media 1834.85 0.58 83151
Lupin Limited 703.4 0.03 2356429 1520479 67.09 Nifty FMCG 31039.3 0.17 83151
CONTAINER CORP OF INDIA 566 -0.91 446752 339617 64.49 Nifty 50 12174.65 -0.22 83151
CHOLAMANDALAM 337 -0.55 571382 984022 62.75 Nifty Auto 7914.9 -0.24 83151
MARICO LIMITED 303.4 -0.72 1574245 1626627 59.39 Nifty Realty 313.8 -0.44 83151
Colgate Palmolive (India 1345.4 -0.27 622346 314676 58.72 Nifty Metal 2651.6 -0.62 83151
Shree Cements Ltd. 24616.1 -0.3 15155 9306 58.36 Nifty Bank 31230.25 -0.83 83151
Bharat Forge Ltd 482.1 -0.24 1175915 1234076 57.63 INDIA VIX 13.37 -1.84 83151

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  WPI Inflation (YoY) (Jan) on 14th February,2020

•INR:  Deposit Growth on 14th February,2020

•USA: Retail Sales (MoM) (Jan) on 14th February,2020

News Updates

•Hindalco Industries Ltd.’s copper volumes in the December quarter of the ongoing financial year were weighed down by unplanned shutdowns and subdued demand, according to Managing Director Satish Pai. “What impacted our third-quarter copper performance were unplanned shutdowns.

•Ashoka Buildcon said it has emerged as the lower bidder for a highway project worth Rs 1,035.5 crore in Karnataka. The project entails four laning of a section of NH-206 in the state. Ashoka Buildcon had submitted its bid to National Highways Authority of India for the project to be built on hybrid annuity mode under Bharatmala Pariyojana.

•PNC Infratech Ltd on Thursday said it has emerged as the lowest bidder for a highway project worth Rs 1,602 crore in Uttar Pradesh. “PNC Infratech has been declared the L1 (lowest) bidder for a NHAI project of 70-km long four laning of Unnao-Lalganj section of NH 232 A in the state of Uttar Pradesh under NHDP IVB, to be executed on Hybrid Annuity Mode for a bid project cost of Rs 1,602 crore,” the company said in a regulatory filing.

•Shapoorji Pallonji Group company Sterling and Wilson Solar Ltd. has said that the outbreak of coronavirus is expected to affect its business in the near term. “We are constantly evaluating the current situation in China due to the outbreak of coronavirus which will impact our business in the near term,” Bikesh Ogra, director .

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BALKRISIND Interim Dividend;Quarterly Results 14-Feb-20 MMTC Quarterly Results 14-Feb-20
CANTABIL Quarterly Results 14-Feb-20 MTNL Quarterly Results 14-Feb-20
CERA Interim Dividend 14-Feb-20 NATPEROX Quarterly Results 14-Feb-20
CESL Quarterly Results 14-Feb-20 PETRONENGG Quarterly Results 14-Feb-20
CGPOWER Quarterly Results 14-Feb-20 PFIZER Quarterly Results 14-Feb-20
EDELWEISS Quarterly Results 14-Feb-20 PHOENIXTN Quarterly Results 14-Feb-20
EVEREADY Quarterly Results 14-Feb-20 POLYLINK Quarterly Results 14-Feb-20
GABRIEL Quarterly Results 14-Feb-20 PRABHAT Quarterly Results 14-Feb-20
GLENMARK General;Quarterly Results 14-Feb-20 RCOM Quarterly Results 14-Feb-20
GRAPHITE Quarterly Results 14-Feb-20 RPOWER Quarterly Results 14-Feb-20
IRB Quarterly Results 14-Feb-20 SADBHAV Quarterly Results;General 14-Feb-20
KCL Quarterly Results 14-Feb-20 SAIL Quarterly Results 14-Feb-20
KWALITY Quarterly Results 14-Feb-20 SUNTV Quarterly Results;Interim Dividend 14-Feb-20
MANPASAND Quarterly Results 14-Feb-20 WANBURY Quarterly Results 14-Feb-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ENGINERSIN 14-Feb-20 Interim Dividend – Rs. – 3.60 GUJBOROS 17-Feb-20 Amalgamation
AARTIDRUGS 17-Feb-20 Interim Dividend – Rs. – 2.00 HEG 17-Feb-20 Interim Dividend – Rs. – 25.00
ADFFOODS 17-Feb-20 Interim Dividend – Rs. – 1.50 HEROMOTOCO 17-Feb-20 Interim Dividend – Rs. – 65.00
ASTRAL 17-Feb-20 Interim Dividend – Rs. – 0.60 HIKAL 17-Feb-20 Interim Dividend – Rs. – 1.00
AUROPHARMA 17-Feb-20 Interim Dividend – Rs. – 1.75 IFGLEXPOR 17-Feb-20 Interim Dividend – Rs. – 2.50
COCHINM 17-Feb-20 Interim Dividend – Rs. – 2.00 KPITTECH 17-Feb-20 Interim Dividend – Rs. – 0.55
DALBHARAT 17-Feb-20 Interim Dividend – Rs. – 2.00 MINDACORP 17-Feb-20 Interim Dividend – Rs. – 0.35
GAIL 17-Feb-20 Interim Dividend – Rs. – 6.40 MINDAIND 17-Feb-20 Interim Dividend – Rs. – 0.40

 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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