The Nifty opened almost flat at 11447.80. The Nifty quickly started an up move and made a high of 11493.50 and then moved sideways for the rest of the day in a narrow range.
In terms of the sectors, IT and Realty sectors have performed the best. While Media and Energy have been slightly on the negative side.
The Long term momentum which was seen to be slowing down has picked up momentum again. The Nifty has crossed its resistance of 11450 for the second day and has closed above it at 11464.45. Our trade above 11450 was activated on the buy side and we should stay long in this trade keeping a stop at 11370.
The intermediate trend remains strong as well. With the equal weight age in Mutual funds being imposed on Multi Cap funds, we can hope to see the small and mid cap segments performing well.
Intraday traders can look to buy on a dip towards 11450 and for the upside target of 11550.
Bank Nifty opened at 22509 with a slight gap up. The index moved up to make its high at 22668.75 and then traded narrow and choppy for the rest of the day. The index made its low at 22205 and finally closed at 22479.95 almost around Thursdays close which leads to nothing day in the index.
The index has been moving in a narrow range between 22000-22700 for the last two days. Any breakout from this range can give a move.
Intraday traders can look to buy on dips and sell on rallies.
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|SBILIFE||864.40||BUY||The stock has given a breakout from a range. The stock can be bought at CMP with a stop at 850 and for the target of 892.|
|MUTHOOTFIN||1128.50||BUY||The stock has given a breakout from a range. The stock can be bought between 1123-1125 with a stop at 1105 and for the target of 1150-1160.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|IGL||400 CE||BUY||12.95||CMP||9||19||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|COFORGE LIMITED.Sep 24||2098.55||9.14||69.37||572250||CUMMINSIND.Sep 24||452.25||-3.83||13.45||1832400|
|CANBK.Sep 24||101.2||1.3||17.75||11975000||ACC.Sep 24||1326.65||-1.52||8.83||2299500|
|TITAN.Sep 24||1168.4||0.79||10.15||5679000||ADANIENT.Sep 24||297.2||-0.78||8.37||18336000|
|WIPRO.Sep 24||294.25||3.14||7.84||27123200||PVR.Sep 24||1250||-2.97||8.25||1489620|
|NIFTY.Sep 24||11467.1||0.1||7.03||10699500||HCLTECH.Sep 24||722.5||-0.03||7.78||14561400|
|Short Covering||Long Unwinding|
|VEDL.Sep 24||132.3||0.95||-11.87||93892800||ASIANPAINT.Sep 24||2038.8||-1.01||-5.25||3631500|
|ESCORTS.Sep 24||1202.6||0.48||-10.49||2392500||BERGEPAINT.Sep 24||573.9||-0.51||-3.29||2943600|
|MANAPPURAM.Sep 24||157.9||7.12||-8.69||15948000||MRF.Sep 24||59255.1||-0.05||-2.34||41680|
|APOLLOTYRE.Sep 24||116.7||0.34||-8.47||11835000||BHEL.Sep 24||37.05||-0.13||-1.79||56532000|
|COLPAL.Sep 24||1420.5||1.25||-7.29||2821700||NTPC.Sep 24||90.35||-0.66||-1.52||48421500|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Power Grid Corporation o||175.15||-1.38||17540145||6827491||61.82||Nifty it||18633.25||1.29||2448624|
|Hindustan Unilever Ltd||2159.25||1.19||1934716||1251165||58.53||Nifty Fmcg||30972.25||0.63||933775|
|Container Corp Of India||383.8||4.42||3692299||2462792||54.91||Nifty Metal||2384.3||0.61||215332629|
|Hdfc Ltd.||1768.15||-0.52||2232185||1643387||50.63||Nifty Auto||7956.8||0.15||64440429|
|The Ramco Cements||703||0.59||675766||296402||47.88||Nifty 50||11464.45||0.13||44761248|
|Tech Mahindra Limited||765.15||2.02||4918291||1590086||42.54||Nifty Bank||22479.95||0.06||22778337|
|Bharti Airtel Limited||491.65||-1.15||15597700||8923960||42.48||Nifty Energy||15942.3||-0.22||5003451|
|Kotak Mahindra Bank Limi||1330.35||0.82||3500326||1395476||42.42||Nifty Media||1629.95||-0.88||313390222|
|Britannia Ind Ltd.||3772.25||1.43||829715||146232||40.86||India Vix||20.71||-2.59||244335207|
UPCOMING ECONOMIC DATA
|•INR: WPI Food (YoY) (Aug) on 14th September, 2020
•IN R: CPI (YoY) (Aug) on 14th September, 2020
|•USA: Industrial Production (YoY) (Aug) on 15th September, 2020
•USA: Core Retail Sales (MoM) (Aug) on 16th September, 2020
|•Industrial production declined by 10.4 per cent in July, mainly due to lower output of manufacturing, mining and power generation, as per the government data released on Friday. According to the Index of Industrial Production (IIP) data, manufacturing sector production registered a decline of 11.1 per cent, while the output of mining and power fell 13 per cent and 2.5 per cent, respectively.
•Moody’s revised its forecast of India’s growth to a double digit contraction at 11.5% during the current fiscal year, down from the -4% it had estimated in July. At the same time, it raised its expectations of the economy’s performance in the coming fiscal to 10.6% from 8.7% earlier, but said this was largely due to the strong statistical base effect.
•Oil companies’ marketing margin on petrol and diesel will more than double by month-end if they don’t cut domestic retail prices in line with the recent drop in international rates, as per analysts. “Recent global auto fuel price correction has meant net margin may surge to Rs 4.38 per litre on 16th September and Rs 5.73 per litre on 1st October if retail prices are not cut,” ICICI Securities said in a note. The margin on September 10 was Rs 2.62 per litre.
•Route Mobile Ltd.’s Rs 600-crore initial public offering was subscribed 74.28 times on the final day of bidding, led by demand from non-institutional investors. The portion reserved for non-institutional investors subscribed 195.61 times, while institutional investors bid 91.06 times on shares earmarked for them.
Source: Economic Times, Moneycontrol ,Business Today,Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ALFL||Quarterly Results||14-Sep-20||JMTAUTOLTD||Quarterly Results||14-Sep-20|
|APOLLOHOSP||Quarterly Results||14-Sep-20||KISAN||Quarterly Results||14-Sep-20|
|BAJAJHCARE||Quarterly Results||14-Sep-20||KWALITY||Quarterly Results||14-Sep-20|
|BALAJITELE||Quarterly Results||14-Sep-20||NBCC||Quarterly Results||14-Sep-20|
|CCCL||Quarterly Results||14-Sep-20||NECLIFE||General;Quarterly Results||14-Sep-20|
|CENTRUM||Quarterly Results||14-Sep-20||NETTLINX||General;Quarterly Results||14-Sep-20|
|CIL||Quarterly Results||14-Sep-20||PARLEIND||Quarterly Results||14-Sep-20|
|FERMENTA||Quarterly Results||14-Sep-20||PCJEWELLER||Quarterly Results||14-Sep-20|
|FRETAIL||Quarterly Results||14-Sep-20||PVR||Quarterly Results||14-Sep-20|
|IFCI||Quarterly Results||14-Sep-20||RELIGARE||Quarterly Results||14-Sep-20|
|ITI||Quarterly Results||14-Sep-20||SAIL||Quarterly Results||14-Sep-20|
|JBCHEPHARM||Quarterly Results||14-Sep-20||WIMPLAST||Quarterly Results||14-Sep-20|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|AEGISLOG||14-Sep-20||Final Dividend – Rs. – 1.20||MRF||14-Sep-20||Final Dividend – Rs. – 94.00|
|GANECOS||14-Sep-20||Final Dividend – Rs. – 2.00||PFS||14-Sep-20||Final Dividend – Rs. – 0.45|
|GSFC||14-Sep-20||Final Dividend – Rs. – 1.20||PREMCO||14-Sep-20||Final Dividend – Rs. – 2.00|
|HCLTECH||14-Sep-20||Final Dividend – Rs. – 2.00||PTC||14-Sep-20||Final Dividend – Rs. – 5.50|
|JINDRILL||14-Sep-20||Final Dividend – Rs. – 0.50||SILINV||14-Sep-20||Dividend – Rs. – 2.50|
|JKTYRE||14-Sep-20||Final Dividend – Rs. – 0.70||SUPERHOUSE||14-Sep-20||Dividend – Rs. – 0.80|
|MAGADHSUGAR||14-Sep-20||Final Dividend – Rs. – 4.00||SUPPETRO*||14-Sep-20||Final Dividend – Rs. – 1.50|
|MAHSEAMLES||14-Sep-20||Final Dividend – Rs. – 2.50||SUTLEJTEX||14-Sep-20||Dividend – Rs. – 0.30|
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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