2020-01-13-Outlook

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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