2020-02-13-Outlook

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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