2020-01-14-Outlook

NIFTY:

The NIFTY opened with a gap up and follow that momentum for the whole day. The index continued making lifetime new highs and closed at record highs. Final closing was at 12329.55 up by 72.55 points. All sectoral indices have participated in today’s rally led by REALTY and IT.

We have identified a resistance around 11300 in NIFTY. That resistance has broken today and prices closed well above to this level. In last four trading days, NIFTY has seen a rally of more then 400 points. So there is high probability of a contraction soon.

VIEW:

Buy on a dip towards 12300 with a stop just below 12270.

Buy on a breakout above 11350 with a stop just below 11320.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     INDUSINDBK 1539.65 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  1520 and for the target of  1570.
     UPL 591.95 SELL The immediate trend of the stock is weak . The stock can be sell with a stop loss of  600 and for  the target of  580-575.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
GLENMARK 340 PE BUY 9.90 CMP 7 17.50 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
NIFTYIT.Jan 30 16189 1.57 22.61 7050 PEL.Jan 30 1448 -0.4 9.58 4932876
TATAGLOBAL.Jan 30 352.4 3.04 19.73 10486800 LUPIN.Jan 30 751 -1.59 7.46 8239700
COLPAL.Jan 30 1484.3 1.26 17.91 3105900 CONCOR.Jan 30 564.45 -0.27 5.19 6369225
BHARTIARTL.Jan 30 467.7 2.41 13.01 50006616 TATAMOTORS.Jan 30 195.85 -0.63 5.13 71698200
APOLLOTYRE.Jan 30 171.45 1.36 12.56 10191000 SIEMENS.Jan 30 1509.1 -0.45 5.11 2376550
                                                                        Short Covering                                                                            Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
HINDUNILVR.Jan 30 1996.25 1.65 -2.61 9960000 MRF.Jan 30 67200 -0.87 -0.53 18620
CENTURYTEX.Jan 30 523.5 2.62 -1.69 3836400 MFSL.Jan 30 510.5 -0.16 -0.37 8036600
FEDERALBNK.Jan 30 90.5 1.4 -1.54 55461000 NESTLEIND.Jan 30 14728.15 -0.12 -0.2 455750
MANAPPURAM.Jan 30 177.55 2.84 -1.49 19062000 ADANIPORTS.Jan 30 391.65 -0.34 -0.19 31577500
ONGC.Jan 30 125.7 0.8 -1.29 36075900 ICICIBANK.Jan 30 541.05 -0.25 -0.13 1.06E+08

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
ITC Ltd. 239.25 0.53 12243639 7182804 72.02 Nifty Realty 317.15 2.09 83229
MARICO LIMITED 343.45 1.58 2539404 1333473 70.94 Nifty IT 16225.9 1.67 83229
Bharti Airtel Limited 468.9 2.6 14925989 23805707 64.29 INDIA VIX 14.28 1.42 83229
Godrej Cons Products Ltd 742.8 0.62 1032614 787406 63.33 Nifty Metal 2874.1 1.17 83229
HDFC BANK LTD. 1286 0.26 3725784 2857227 62.02 Nifty FMCG 30713.45 1.13 83229
Hindustan Unilever Ltd 1994.85 2.09 2040089 617533 61.55 Nifty Media 1784.8 0.8 83229
NESTLEIND 14658.25 -0.19 26990 23823 60.66 Nifty 50 12329.55 0.59 83229
Dabur India Ltd. 478.7 2.54 2755979 622187 59.96 Nifty Pharma 8078.45 0.25 83229
CONTAINER CORP OF INDIA 561.8 -0.31 562622 369715 58.95 Nifty Bank 32177.65 0.25 83229
Colgate Palmolive (India 1477.55 1.32 1006686 140909 58.34 Nifty Auto 8235.85 0.13 83229

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  WPI Inflation  on 14th January 2020

•INR:  Trade Balance on  15th January  2020

•USA: Core CPI (MoM) (Dec) on 14th January 2020

•USA: PPI (MoM) (Dec) on 15th January 2020

News Updates

•Bombay Dyeing chairman Nusli Wadia has withdrawn all defamation cases including the Rs 3,000 crore suit for damages against Ratan Tata and others at the Supreme Court. Nusli Wadia had filed a criminal defamation case against Ratan Tata and 11 board members and executives in 2016 after he was removed from the boards of Tata Motors, Tata Steel and Tata Chemicals.

•Tata Elxsi share price rose 6 percent intraday on January 13 after the company posted improved numbers for the December quarter. The company’s Q3FY20 net profit was up 51.4 percent at Rs 75.4 crore versus Rs 49.8 crore in Q2FY20. Revenue rose 9.7 percent at Rs 423.4 crore versus Rs 386 crore, QoQ.

•Reliance Industries Limited could get a new Managing Director soon if the directive by the Securities and Exchange Board of India (SEBI) on separation of the Chairman and Managing Director posts is implemented as per schedule on April 1.

•Tata Power said that its wholly-owned arm Tata Power Solar Systems has received Letter of award from NTPC for a 250 mw solar project worth Rs 1,505 crore. With this order, the order book of Tata Power Solar stands at approximately Rs 7,600 crore, including external and internal orders.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ARCFIN General 14-Jan-20 SABOOBR General 14-Jan-20
BANDHANBNK Quarterly Results 14-Jan-20 SHIVACEM Quarterly Results 14-Jan-20
BHARTIARTL General 14-Jan-20 TATASTLBSL Quarterly Results 14-Jan-20
BIRLAPREC General;Preferential Issue 14-Jan-20 TV18BRDCST Quarterly Results 14-Jan-20
CHADPAP Quarterly Results 14-Jan-20 WIPRO Interim Dividend;Quarterly Results 14-Jan-20
HATHWAYB Quarterly Results 14-Jan-20 XTGLOBAL General;Preferential Issue 14-Jan-20
INDUSINDBK Quarterly Results 14-Jan-20 DEN Quarterly Results 15-Jan-20
KOTHARIFIN Voluntary Delisting of Shares 14-Jan-20 LACTOSE Issue Of Warrants;General 15-Jan-20
MINDTREE Audited Results 14-Jan-20 LTI Quarterly Results 15-Jan-20
NAM Quarterly Results 14-Jan-20 MELSTAR General 15-Jan-20
NATPLASTI Quarterly Results 14-Jan-20 PLASTIBLEN Quarterly Results 15-Jan-20
NETWORK18 Quarterly Results 14-Jan-20 RATHIST Quarterly Results 15-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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