outlook-2019-11-14

 

NIFTY:

The NIFTY was moving inside a trading range for nine days and the range was very tight – just 50 points, with support at 11850 and resistance at 12000. we had suggested that this tight range will not hold for a long time. And this is what happened today.

The NIFTY broke down below 11850 giving a short signal. The signal was confirmed when the index closed below this level. A short term downtrend is now in effect. For most traders, this is the time to step aside and wait patiently for new support to emerge. For active traders there are opportunities to go short, but please understend that there may be many sharp rallies in between.

Support for this down move comes at 11700. we assume that markets will find support at this level.

VIEW:

Sell on a rally towards 11880 with a stop just above 11910.

Sell on a breakdown below 11800 with a stop just above 11840.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     RELIANCE 1472.30 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  1459  and for the target of  1490-1500.
     CANBK 196.95 SELL The immediate trend of the stock is week . The stock can be sell with a stop loss of  200 and for  the target of  190.

 

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
UJJIVAN 270 PE BUY 12.60 CMP 10 18 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CENTURYTEX.Nov 28 391.85 0.59 41.74 2883000 SUNTV.Nov 28 468.1 -11.45 30.45 3466000
MFSL.Nov 28 474.25 0.6 14.09 5374800 IDEA.Nov 28 3.7 -8.64 3.6 5.56E+08
ICICIPRULI.Nov 28 525.6 0.36 9.56 7252500 JUSTDIAL.Nov 28 512.95 -7.43 11.19 3992800
MGL.Nov 28 1006.95 3.4 4.64 1988400 YESBANK.Nov 28 68.05 -7.1 0.12 1.64E+08
MOTHERSUMI.Nov 28 134.9 0.19 3.74 30333600 ADANIENT.Nov 28 198.55 -6.17 2.16 30616000
                                                                        Short Covering                                                                            Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
CUMMINSIND.Nov 28 563.75 0.7 -3.99 1800400 BANKNIFTY.Nov 28 30585.6 -1.65 -9.37 1714140
NESTLEIND.Nov 28 14264 0.7 -1.85 471250 JINDALSTEL.Nov 28 142.45 -5.88 -8.53 39616000
VOLTAS.Nov 28 701.6 1.81 -1.83 2631000 ESCORTS.Nov 28 652.25 -3.12 -7.94 4758600
TCS.Nov 28 2179.5 3.32 -1.58 19140500 JUBLFOOD.Nov 28 1580.25 -2.95 -7.34 2286500
TITAN.Nov 28 1162 0.15 -1.26 12428250 COALINDIA.Nov 28 207.55 -1.38 -6.55 22488400

 

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
THE RAMCO CEMENTS 789.75 -0.77 241237 846852 89.74 INDIA VIX 16.46 1.29 251929431
HDFC BANK LTD. 1257.55 -0.57 4646748 5175501 72.45 Nifty Energy 15962.65 0.18 1855013
CUMMINS INDIA LIMITED 565.7 1.07 1018794 360976 64.96 Nifty Auto 8150.2 -0.11 50792878
Siemens Ltd 1634.55 -2.43 842980 376816 64.17 Nifty IT 15240.95 -0.44 1593405
Power Grid Corporation o 189.25 -1.3 5319551 3624853 63.87 Nifty 50 11840.45 -0.61 34896169
Cipla Ltd 447.9 -1.53 3001272 2557330 62.23 Nifty FMCG 31582.45 -0.69 563929
Hindustan Unilever Ltd 2091 0.46 868433 634180 60.39 Nifty Pharma 7660.45 -1.6 53563679
ICICI PRUDENTIAL LIFE IN 529.2 0.81 3677384 1104335 58.4 Nifty Bank 30541.55 -1.84 13446327
TATA CONSULTANCY SERV LT 2178.6 3.7 3823365 1728479 57.93 Nifty Metal 2556.65 -2.05 159978426
TECH MAHINDRA LIMITED 757.05 -1.73 2434874 774670 57.56 Nifty Media 1793.85 -4.53 226623081

 

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
•INR:  WPI  Inflation  (YoY)  ( Oct)  on 14th November 2019

•INR:  Trade Balance and FX Reserve,USD   on 15th November 2019

•USA:  PPI  (MoM) (Oct)  on 14th November 2019

•USA:  Crude Oil Inventories  on 14th November 2019

 

NEWS UPDATES

Avenue Supermarts, which operates pan India supermarket chain DMart, has initiated preliminary discussions with merchant bankers for a stake sale by the promoters in early 2020.The promoters, led by veteran stock market investor Radhakishen Damani, hold 80.21 percent stake in the company. SEBI’s minimum public shareholding (MPS) rule for listed companies stipulates that promoters cannot own more than 75 percent and that public shareholders should own a minimum 25 percent.

Vodafone Idea and Bharti Airtel are set to file a review petition this week, which may include seeking a reduction in the penalties and interest component of the dues, as well as question some components of the non-core items that the Supreme Court says should be included while computing adjusted gross revenue (AGR) of telcos.

Reliance Industries (RIL), India’s most profitable company, has prepared a blueprint for its oil-to-chemical (O2C) play as it advances the negotiations with strategic investor Saudi Aramco to sell strategic stake in the business.

KEC International Company won new orders worth Rs 2,255 crore. It secured new orders of Rs 2,255 crore across transmission & distribution business of Rs 885 crore in India including 400 kV transmission line and substation orders from Power Grid Corporation of India entity under Tariff Based Competitive Bidding (TBCB) route.

Source: Economic Times, Money Control

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
APOLLOHOSP Quarterly Results 14-Nov-19 NBCC Quarterly Results 14-Nov-19
BHARTIARTL Quarterly Results 14-Nov-19 ONGC Quarterly Results 14-Nov-19
DISHTV Quarterly Results 14-Nov-19 PAGEIND Interim Dividend;Quarterly Results 14-Nov-19
FRETAIL Quarterly Results 14-Nov-19 PCJEWELLER Quarterly Results 14-Nov-19
GLENMARK Quarterly Results 14-Nov-19 PFC Quarterly Results 14-Nov-19
GMRINFRA Quarterly Results 14-Nov-19 RELINFRA Quarterly Results 14-Nov-19
GODFRYPHLP Quarterly Results 14-Nov-19 RPOWER Quarterly Results 14-Nov-19
GRASIM Quarterly Results 14-Nov-19 SAIL Quarterly Results 14-Nov-19
HINDCOPPER General;Quarterly Results 14-Nov-19 SUVEN Quarterly Results 14-Nov-19
IDEA Quarterly Results 14-Nov-19 SUZLON Quarterly Results 14-Nov-19
ITDC Quarterly Results 14-Nov-19 UNIONBANK Quarterly Results 14-Nov-19
MPHASIS Audited Results;Quarterly Results 14-Nov-19 VEDL Quarterly Results 14-Nov-19
APOLLOHOSP Quarterly Results 14-Nov-19 NBCC Quarterly Results 14-Nov-19

 

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
NICCOPAR 14-Nov-19 Interim Dividend – Rs. – 0.20 GILLETTE 18-Nov-19 Final Dividend – Rs. – 25.00
TRITURBINE 14-Nov-19 Interim Dividend – Rs. – 0.50 EXIDEIND 18-Nov-19 Interim Dividend – Rs. – 1.60
SUNDRMFAST 14-Nov-19 Interim Dividend – Rs. – 1.35 IBULHSGFIN 18-Nov-19 Interim Dividend – Rs. – 7.00
EMAMILTD 14-Nov-19 Interim Dividend – Rs. – 2.00 PGHH 19-Nov-19 Final Dividend – Rs. – 48.00
GODREJCP 14-Nov-19 Interim Dividend – Rs. – 2.00 MANAPPURAM 19-Nov-19 Interim Dividend – Rs. – 0.55
GABRIEL 15-Nov-19 Interim Dividend – Rs. – 0.45 INDOSTAR 19-Nov-19 Interim Dividend – Rs. – 1.00
AMRUTANJAN 15-Nov-19 Interim Dividend – Rs. – 0.55 ESSELPRO 19-Nov-19 Interim Dividend – Rs. – 1.25
GMM 15-Nov-19 Interim Dividend – Rs. – 1.00 AMBER 19-Nov-19 Interim Dividend – Rs. – 1.60
AJANTPHARM 15-Nov-19 Interim Dividend – Rs. – 13.00 CARERATING 19-Nov-19 Interim Dividend – Rs. – 8.00

 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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