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.
|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.|
|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|
|Short Covering||Long unwinding|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|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
|•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
•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
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AMITINT||General||13-Mar-20||RAYALEMA||Preferential Issue of shares||13-Mar-20|
|EIHOTEL||Interim Dividend||13-Mar-20||SAKSOFT||Interim Dividend||13-Mar-20|
|IOC||Interim Dividend||13-Mar-20||SHANKARA||Interim Dividend||13-Mar-20|
|MENONBE||Interim Dividend||13-Mar-20||SOMANYCERA||Interim Dividend||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|
|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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