NIFTY:
The NIFTY opened with a gap up of almost 55 points and marched further as the day progressed to hit an intraday high of 12311.20. The index finally closed at 12256.8 with a gain of 40 points or 0.33 percent driving by buying across all the sectors.
The market breadth was tilted in favour of buyers. About 1023 stocks advanced and 810 shares declined on NSE. An immediate support for NIFTY comes at 12150 and resistance at 12300.
VIEW:
Buy on a breakout above 11310 with a stop just below 11270.
Buy on a dip towards 12240 with a stop just below 12200.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| HINDUNILVR | 1954 | 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 1939and for the target of 1985. |
| ZEEL | 263 | SELL | The immediate trend of the stock is weak . The stock can be sell with a stop loss of 269 and for the target of 244. |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| TATAMOTORS | 195 CE | BUY | 9.35 | CMP | 7 | 18 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| SUNTV.Jan 30 | 465.1 | 7.24 | 23.67 | 6990000 | ASHOKLEY.Jan 30 | 81.75 | -1.33 | 7.86 | 60480000 | |
| AMBUJACEM.Jan 30 | 212.85 | 2.14 | 7.65 | 18610000 | ZEEL.Jan 30 | 263.9 | -3.46 | 6.11 | 33257100 | |
| DISHTV.Jan 30 | 13 | 2.36 | 5.97 | 94065300 | PIDILITIND.Jan 30 | 1421.95 | 0 | 5.83 | 3357500 | |
| CONCOR.Jan 30 | 566 | 0.25 | 5.79 | 6055062 | BRITANNIA.Jan 30 | 3004.5 | -0.44 | 4.9 | 2219400 | |
| TATASTEEL.Jan 30 | 488.3 | 0.59 | 5.27 | 24880500 | AMARAJABAT.Jan 30 | 738.35 | -0.45 | 4.7 | 1551200 | |
| Short Covering | Long unwinding | |||||||||
| Sector | Price | Price% | OI% | OI | Sector | Price | Price% | OI% | OI | |
| MFSL.Jan 30 | 511.3 | 0.66 | -10.35 | 8066500 | BANKNIFTY.Jan 30 | 32122.75 | -0.09 | -10.3 | 1401280 | |
| TORNTPOWER.Jan 30 | 298.1 | 1.36 | -8.48 | 3207000 | MGL.Jan 30 | 1007.05 | -2.69 | -7.51 | 2077800 | |
| MINDTREE.Jan 30 | 830.05 | 0.39 | -7.45 | 1203200 | ADANIPORTS.Jan 30 | 393 | -0.24 | -3.45 | 31637500 | |
| CHOLAFIN.Jan 30 | 314.7 | 2.34 | -6.93 | 3187500 | SRF.Jan 30 | 3495.2 | -0.33 | -3.14 | 747500 | |
| ESCORTS.Jan 30 | 647.4 | 0.3 | -6.3 | 4350500 | JUSTDIAL.Jan 30 | 567.9 | -0.32 | -2.47 | 1988000 | |
Top Delivery Percentage
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Dabur India Ltd. | 466.85 | 1.33 | 1037751 | 1352659 | 74.67 | Nifty Realty | 310.65 | 1.8 | 1150189949 | |
| Hindustan Unilever Ltd | 1954 | 0.98 | 1003336 | 1149427 | 74.43 | Nifty Metal | 2840.75 | 1.21 | 125586760 | |
| Page Industries Limited | 23727.85 | 0.78 | 41097 | 43077 | 73.42 | Nifty Auto | 8225.5 | 0.86 | 43421746 | |
| ITC Ltd. | 238 | 0.93 | 9973746 | 6378923 | 67.48 | Nifty FMCG | 30370.45 | 0.82 | 452011 | |
| Kotak Mahindra Bank Limi | 1684.7 | 1.18 | 2536083 | 1798270 | 67.39 | INDIA VIX | 14.08 | 0.57 | 253115535 | |
| HDFC Ltd. | 2457.55 | 0.01 | 2082060 | 2172018 | 66.89 | Nifty 50 | 12256.8 | 0.33 | 29075822 | |
| UNITED SPIRITS LIMITED | 586.1 | -0.97 | 729791 | 2693017 | 65.08 | Nifty Pharma | 8058.5 | 0.32 | 44144843 | |
| MAHANAGAR GAS LIMITED | 1005.6 | -2.26 | 798825 | 296308 | 64.86 | Nifty IT | 15959.9 | 0.22 | 1037016 | |
| NESTLEIND | 14685.85 | 0.29 | 39274 | 36062 | 64.73 | Nifty Media | 1770.65 | 0.15 | 200738372 | |
| MARICO LIMITED | 338.1 | 1.5 | 1879696 | 1103225 | 63.82 | Nifty Bank | 32097.4 | 0.02 | 11086721 | |
Upcoming Economic Data
| Domestic International | |
| •INR: CPI (YoY) (Dec) on 13th January 2020
•INR: WPI Inflation on 14th January 2020 |
•USA: Core CPI (MoM) (Dec) on 14th January 2020
•USA: PPI (MoM) (Dec) on 15th January 2020 |
News Updates
| •Mahindra Infosys reported a 23 per cent year-on-year rise in net profit for the quarter ended December 31, 2019. The company’s net profit rose to Rs 4,466 crore in the third quarter of current fiscal compared to Rs 3,610 crore in the corresponding quarter of last fiscal. Infosys’ revenue rose 7.95 per cent to Rs 23,092 crore in Q3 FY20, from Rs 21,400 crore in Q3 FY19. On whistleblower allegations Infosys clarified that the audit committee of its board did not find any evidence of financial impropriety or executive misconduct.
•Yes Bank has sought shareholder approval to raise Rs 10,000 crore even as it rejected Canadian businessman Erwin Singh Braich’s offer to invest $1.2 billion. It will also consider a proposed $500 million investment by Citax Holdings in a fresh round of fundraising later. •Tata Motors on Saturday reported a 3 per cent decline in global sales, including that of Jaguar Land Rover, at 97,348 units in December. The company’s global sales of all passenger vehicles were at 62,822 units, up 5 per cent from December 2018. •Union Minister Dharmendra Pradhan on Saturday said the steel ministry is looking at an aggregate investment of USD 70 billion in the eastern region of the country through accelerated development of the sector. Source: Economic Times, Moneycontrol ,Business Today, Bloomberg Quint,, |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| AJMERA | General | 13-Jan-20 | SAKTHIFIN | Preferential Issue of shares | 13-Jan-20 |
| ARYAN | General | 13-Jan-20 | SURAJLTD | Quarterly Results | 13-Jan-20 |
| ARYAVAN | Quarterly Results | 13-Jan-20 | TATAELXSI | Quarterly Results | 13-Jan-20 |
| BBREALTY | Quarterly Results;Stock Split | 13-Jan-20 | UMIYA | Quarterly Results | 13-Jan-20 |
| CRIMSON | General | 13-Jan-20 | ARCFIN | General | 14-Jan-20 |
| DELTACORP | Interim Dividend;Quarterly Results | 13-Jan-20 | BANDHANBNK | Quarterly Results | 14-Jan-20 |
| KIFS | Quarterly Results | 13-Jan-20 | BHARTIARTL | General | 14-Jan-20 |
| LEHIL | General | 13-Jan-20 | BIRLAPREC | General;Preferential Issue | 14-Jan-20 |
| LYKALABS | Preferential Issue of shares | 13-Jan-20 | CHADPAP | Quarterly Results | 14-Jan-20 |
| NEXTMEDIA | Quarterly Results | 13-Jan-20 | HATHWAYB | Quarterly Results | 14-Jan-20 |
| PANORAMA | Issue Of Warrants;Preferential Issue | 13-Jan-20 | INDUSINDBK | Quarterly Results | 14-Jan-20 |
| RICHIRICH | Quarterly Results | 13-Jan-20 | KOTHARIFIN | Voluntary Delisting of Shares | 14-Jan-20 |
Corporate Action
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| INFRATRUST | 14-Jan-20 | Income Distribution (InvIT) | SSPNFIN | 16-Jan-20 | Bonus issue 1:1 |
| SIS | 15-Jan-20 | Stock Split From Rs.10/- to Rs.5/- | ASTERDM | 23-Jan-20 | Buy Back of Shares |
| RAJGASES | 16-Jan-20 | Reduction of Capital | SIEMENS | 3-Feb-20 | Dividend – Rs. – 7.00 |
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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