NIFTY:
The NIFTY opened at 12151 with a gap up of 43 points. The index rallied further and recorded its intraday high at 12231.75. After the prices have traded sideways and choppy and the rest of the day and finally closed at 12201.20 up by 93.30 points. FMCG and FINANCIALS (mainly PVT BANKS) led the rally today. HINDUNILVR registered a gain of more then 5% today.
Yesterday we identified a preliminary resistance level at 12150. This resistance has broken out and index closed well above to this level. This is a breakout and we should respect it as well. However we have a long zone of resistance from current levels to 12350. so it will be very difficult for prices to see a sharp rally.
VIEW:
Buy on a dip towards 12160 with a stop just below 12120.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| RELIANCE | 1470.30 | 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 1458 and for the target of 1490-1500. |
| MARICO | 305.60 | SELL | The immediate trend of the stock is weak . The stock can be sold at CMP with a stop loss of 310.50 and for the target of 295.70. |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| CHOLAFIN | 340 CE | BUY | 10.55 | CMP | 7 | 18 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| PFC.Feb 27 | 126.85 | 1.4 | 23.9 | 38055600 | SIEMENS.Feb 27 | 1426.25 | -4.87 | 17.72 | 2575650 | |
| BALKRISIND.Feb 27 | 1146.5 | 0.62 | 17.37 | 1956800 | JUBLFOOD.Feb 27 | 1828 | -0.31 | 14.14 | 2773500 | |
| MFSL.Feb 27 | 492.15 | 1.9 | 17.02 | 5926700 | ASHOKLEY.Feb 27 | 81.45 | -2.04 | 10.65 | 67216000 | |
| GODREJCP.Feb 27 | 645 | 4.27 | 10.54 | 8272000 | JUSTDIAL.Feb 27 | 507.1 | -0.08 | 10.17 | 3306800 | |
| KOTAKBANK.Feb 27 | 1720.5 | 2.2 | 9.92 | 9105200 | UJJIVAN.Feb 27 | 382.55 | -2.87 | 9.01 | 7568400 | |
| Short Covering | Long unwinding | |||||||||
| Sector | Price | Price% | OI% | OI | Sector | Price | Price% | OI% | OI | |
| MOTHERSUMI.Feb 27 | 127.85 | 1.83 | -2.27 | 21975000 | IBULHSGFIN.Feb 27 | 334 | -1.66 | -3.59 | 18907200 | |
| CHOLAFIN.Feb 27 | 339.35 | 1.27 | -1.72 | 6277500 | RECLTD.Feb 27 | 142.3 | -0.18 | -2.12 | 23550000 | |
| TCS.Feb 27 | 2177.05 | 0.88 | -0.65 | 13527750 | CONCOR.Feb 27 | 569.85 | -1.02 | -1.06 | 4954710 | |
| HEROMOTOCO.Feb 27 | 2361.45 | 1.08 | -0.64 | 3333200 | CADILAHC.Feb 27 | 271.35 | -1.58 | -0.85 | 8467800 | |
| ZEEL.Feb 27 | 233.3 | 0.45 | -0.44 | 30472500 | RAMCOCEM.Feb 27 | 781.65 | -0.2 | -0.23 | 1773600 | |
Top Delivery Percentage
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| HCL Technologies Ltd. | 614.1 | 0.56 | 4873027 | 1671637 | 67.99 | Nifty FMCG | 30986.25 | 1.88 | 82422 | |
| Power Grid Corporation o | 189.35 | -0.08 | 9217663 | 12309176 | 67.42 | Nifty 50 | 12201.2 | 0.77 | 82419 | |
| HDFC Ltd. | 2437.6 | 0.1 | 4173099 | 1155634 | 66.69 | Nifty Metal | 2668.25 | 0.62 | 82419 | |
| HDFC BANK LTD. | 1249 | 0.68 | 3148965 | 3770138 | 64.93 | Nifty Bank | 31492.9 | 0.61 | 82422 | |
| Godrej Cons Products Ltd | 642.15 | 4.3 | 4910853 | 1343917 | 64.29 | Nifty Auto | 7933.8 | 0.52 | 82419 | |
| Infosys Limited | 781.05 | 0.97 | 2948825 | 2771644 | 64.27 | Nifty IT | 16538.1 | 0.52 | 82422 | |
| NTPC Limited | 116.8 | -0.04 | 13679292 | 13062025 | 62.39 | Nifty Energy | 15234.2 | 0 | 82422 | |
| MARICO LIMITED | 305.6 | 0.23 | 2739107 | 1126150 | 61.62 | Nifty Media | 1824.2 | -0.18 | 82419 | |
| Colgate Palmolive (India | 1349 | -0.06 | 535926 | 397092 | 59.36 | Nifty Pharma | 8265.05 | -0.72 | 82422 | |
| Oil & Natural Gas Corp | 106.7 | -0.09 | 13053367 | 12201009 | 58.25 | INDIA VIX | 13.62 | -1.86 | 82422 | |
Upcoming Economic Data
| Domestic International | |
| •INR: WPI Inflation (YoY) (Jan) on 14th February,2020
•INR: Deposit Growth on 14th February,2020 |
•USA: Core CPI (MoM) (Jan) on 13th Februrary,2020
•USA: Retail Sales (MoM) (Jan) on 14th February,2020 |
News Updates
| •Dr. Reddy’s Laboratories has entered into an agreement with Wockhardt to acquire select divisions of its branded generics business in India and a few other international territories of Nepal, Sri Lanka, Bhutan and Maldives for Rs 1850 crore. The transaction is expected to be closed in the first quarter of the financial year 2020-21. The deal comprises a portfolio of 62 brands in multiple therapy areas such as Respiratory, Neurology, VMS, Dermatology, Gastroenterology, Pain and Vaccines.
•Hindustan Unilever Ltd.’s shares jumped 5.5 percent intraday to an all-time high as Motilal Oswal Ltd. forecasts an “impressive” earnings growth for the company in the next two years. The consumer goods maker is likely to clock an 18-19 percent annualised earnings growth over the next two years, according to a research report by the brokerage. •Hindalco Industries, a subsidiary of the Aditya Birla Group, on Wednesday reported a 24 per cent year-on-year decline in its consolidated net profit at Rs 1,062 crore for the third quarter ended December 31, 2019. The aluminium and copper manufacturing company had posted net profit of Rs 1,394 crore in the same quarter last year. •Fitch Solutions on Wednesday said it expects vehicle production in India to contract by 8.3 per cent in 2020 as the auto industry faces increasing risk of supply shortage due to China’s coronavirus outbreak, possibly hitting domestic output if the virus spreads in the country. Source: Economic Times, Moneycontrol ,Business Today, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ADANITRANS | Quarterly Results | 13-Feb-20 | HINDCOMPOS | Quarterly Results | 13-Feb-20 |
| ALLCARGO | Quarterly Results | 13-Feb-20 | HINDCOPPER | Quarterly Results | 13-Feb-20 |
| APOLLOHOSP | Quarterly Results;Interim Dividend | 13-Feb-20 | IDEA | Quarterly Results | 13-Feb-20 |
| ATULAUTO | Quarterly Results | 13-Feb-20 | IFSL | Quarterly Results | 13-Feb-20 |
| AUTOIND | General; Preferential Issue Results | 13-Feb-20 | JINDALPOLY | Quarterly Results | 13-Feb-20 |
| BPCL | Quarterly Results | 13-Feb-20 | KACL | Quarterly Results | 13-Feb-20 |
| CENTURYPLY | Interim Dividend | 13-Feb-20 | KCP | Quarterly Results | 13-Feb-20 |
| FRETAIL | Quarterly Results | 13-Feb-20 | KOHINOOR | Quarterly Results | 13-Feb-20 |
| GAMMNINFRA | Quarterly Results | 13-Feb-20 | NECCLTD | Quarterly Results | 13-Feb-20 |
| GILLETTE | Quarterly Results | 13-Feb-20 | NESTLEIND | Audited Results;Final Dividend | 13-Feb-20 |
| GMRINFRA | Quarterly Results | 13-Feb-20 | PAGEIND | Interim Dividend;Quarterly Results | 13-Feb-20 |
| GODREJIND | Quarterly Results | 13-Feb-20 | PCJEWELLER | Quarterly Results | 13-Feb-20 |
| GSPL | Quarterly Results | 13-Feb-20 | SJVN | Interim Dividend;Quarterly Results | 13-Feb-20 |
| HIL | Quarterly Results;Interim Dividend | 13-Feb-20 | SUVEN | Quarterly Results | 13-Feb-20 |
Corporate Action
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| 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 |
| DIAMINESQ | 13-Feb-20 | Interim Dividend – Rs. – 4.00 | ENGINERSIN | 14-Feb-20 | Interim Dividend – Rs. – 3.60 |
| FERMENTA | 13-Feb-20 | Bonus issue 2:1 | AARTIDRUGS | 17-Feb-20 | Interim Dividend – Rs. – 2.00 |
| IBULHSGFIN | 13-Feb-20 | Interim Dividend – Rs. – 6.00 | ADFFOODS | 17-Feb-20 | Interim Dividend – Rs. – 1.50 |
| IIFLSEC | 13-Feb-20 | Interim Dividend – Rs. – 2.00 | ASTRAL | 17-Feb-20 | Interim Dividend – Rs. – 0.60 |
| KEC | 13-Feb-20 | Interim Dividend – Rs. – 3.40 | AUROPHARMA | 17-Feb-20 | Interim Dividend – Rs. – 1.75 |
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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