2020-03-13-Outlook

NIFTY:

The NIFTY continued its decline following a stunning 8.5% fall which would be a record of some kind. The NIFTY did the unthinkable – fell below 10000, a level which some of us thought we will never see again. Markets being what they are, continue to surprise us. What do you do when the markets are crashing so quickly?

Well the answer is: nothing.

If you have blue chips in your portfolio, you have to understand that markets will go through such corrections and crashes, but eventually, your blue chip portfolio will outperform. If, for some  unfortunate reason, you have poor quality stocks in your ownership, it is too late to do anything. But this should be a lesson. Never keep poor quality stocks in anticipation of short term gains.

This too shall pass.

This is one of our favorite saying. We are confident that this bear market will also come to an end. We just don’t know when.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     LALPATHLAB 1622.80 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  1580 and for the target of  1690-1700.
      UPL 443.60 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  467 and for  the target of  410.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BRITANNIA 2800 PE BUY 99.95 CMP 60 170-200 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TATAPOWER.Mar 26 40.9 7.77 8.33 66834000 EICHERMOT.Mar 26 16953.15 -4.12 30.94 280110
TCS.Mar 26 1758.75 -9.71 29.88 13197250
JUBLFOOD.Mar 26 1425.85 -12.51 26.76 3538500
PVR.Mar 26 1307 -13.08 24.22 2211600
HAVELLS.Mar 26 569.15 -6.54 19.7 7558000
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
BPCL.Mar 26 349.1 -12.52 -13.8 21119400
APOLLOTYRE.Mar 26 99.25 -13.77 -12.65 12612000
GLENMARK.Mar 26 197.5 -23.72 -10.01 6484800
IBULHSGFIN.Mar 26 151.95 -18.46 -9.56 18822000
BANKBARODA.Mar 26 56.7 -14.74 -8.67 56046600

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
THE RAMCO CEMENTS 655.1 -6.05 794298 1420705 82.82 INDIA VIX 41.16 30.43 85560
HDFC BANK LTD. 1021.3 -8.3 29500406 12492811 70.31 Nifty FMCG 26083 -7.11 85563
TATA CONSUMER PRODUCTS 303.45 -7.44 5405030 2377438 68.4 Nifty Auto 6033.4 -8.15 85563
Bharti Airtel Limited 464.95 -5.84 14204414 14354217 68.33 Nifty 50 9590.15 -8.3 85560
Power Grid Corporation o 166.1 -8.43 32861488 16105694 67.2 Nifty IT 13384.85 -8.83 85563
TATA CONSULTANCY SERV LT 1769.85 -9.41 8728972 4563612 67.14 Nifty Pharma 6942.55 -8.93 85563
Larsen & Toubro Limited 1016.55 -8.99 9200492 3757080 66.75 Nifty Metal 1800.6 -9.38 85563
Petronet LNG Limited 213.3 -3.68 6405919 3153564 62.01 Nifty Bank 23971.15 -9.5 85563
HDFC Ltd. 1875.7 -7.88 8837533 4299757 61.45 Nifty Energy 11204.9 -9.63 85563
Godrej Cons Products Ltd 560.2 -7.77 3821536 1409044 61.07 Nifty Media 1304.15 -10.32 85563

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  WPI Inflation (YoY)  (Feb)  on 16th March ,2020

•INR:  WPI Food (YoY) (Feb) on 16th March,2020

•USA: Core Retail Sales (MoM) (Feb)on 17th  March,2020

•USA: Fed Interest Rate Decision  on 18th  March,2020

News Updates

•Investor wealth worth over Rs 11 trillion was wiped off on Thursday as stocks crashed amid a global equity selloff after the World Health Organization declared the coronavirus outbreak a pandemic. Amid intensifying rout in global financial markets, the 30-share BSE Sensex plummeted 2,919.26 points or 8.18 per cent to end at 32,778.14.

•State Bank of India has approved an investment of Rs 7,250 crore in private sector lender Yes Bank Ltd., it said in a notification to stock exchanges on Thursday. The executive committee of the central board has approved the purchase of 725 crore equity shares of Yes Bank at a price of Rs 10 per share, the lender informed exchanged. Its stake in Yes Bank will remain under 49 percent, SBI said.

•Anil Ambani-led Reliance Group on Wednesday said its entire debt from troubled YES Bank is fully secured and was availed in the ordinary course of business.

•Arvind Fashions share price touched a 52-week low of Rs 272, falling over 11 percent intraday on March 12 after the board approved the issue of equity shares to existing equity shareholders on a rights basis. The board has approved the issue of 1,99,75,953 equity shares at an issue price of Rs 150 per equity share aggregating to Rs 299.64 crore to all the existing equity shareholders of the company on a rights basis.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AMITINT General 13-Mar-20 RAYALEMA Preferential Issue of shares 13-Mar-20
BEML Interim Dividend 13-Mar-20 RPPINFRA General 13-Mar-20
EIHOTEL Interim Dividend 13-Mar-20 SAKSOFT Interim Dividend 13-Mar-20
FDC Interim Dividend;General 13-Mar-20 SESL General 13-Mar-20
IOC Interim Dividend 13-Mar-20 SHANKARA Interim Dividend 13-Mar-20
JKLAKSHMI Interim Dividend 13-Mar-20 SHREEGANES General 13-Mar-20
JSGLEASING General 13-Mar-20 SKYIND General 13-Mar-20
MENONBE Interim Dividend 13-Mar-20 SOMANYCERA Interim Dividend 13-Mar-20
NAVNETEDUL Interim Dividend 13-Mar-20 SYMBIOX General 13-Mar-20
PETRONENGG Quarterly Results 13-Mar-20 TCI Interim Dividend 13-Mar-20
PONDYOXIDE Interim Dividend 13-Mar-20 TCIEXP Interim Dividend 13-Mar-20
PRESTIGE Interim Dividend 13-Mar-20 THERMAX Interim Dividend 13-Mar-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ALBERTDA 13-Mar-20 Interim Dividend – Rs. – 7.00 ADANIPORTS 16-Mar-20 Interim Dividend – Rs. – 3.20
AMNPLST 13-Mar-20 Interim Dividend – Rs. – 0.30 ALPHAGEO 16-Mar-20 Interim Dividend – Rs. – 8.00
AUTOAXLES 13-Mar-20 Interim Dividend – Rs. – 6.00 APLLTD 16-Mar-20 Interim Dividend – Rs. – 7.00
CHEMBOND 13-Mar-20 Interim Dividend – Rs. – 2.00 APLLTD 16-Mar-20 Special Dividend – Rs. – 3.00
MEGH 13-Mar-20 Interim Dividend – Rs. – 1.00 APTECHT 16-Mar-20 Interim Dividend – Rs. – 4.50
PIDILITIND 13-Mar-20 Interim Dividend – Rs. – 7.00 CUPID 16-Mar-20 Interim Dividend – Rs. – 3.50
PRAJIND 13-Mar-20 Interim Dividend – Rs. – 2.70 DEEPAKNI 16-Mar-20 Interim Dividend – Rs. – 4.50
REMSONSIND 13-Mar-20 Interim Dividend – Rs. – 1.50 GAEL 16-Mar-20 Interim Dividend – Rs. – 1.00

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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