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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