NIFTY:
The nifty today staged a remarkable feat, affirming or rather reaffirming its strength by trading completely above the last lifetime new high of 12290. the message was: the index is prepared to leave aside earlier record levels, and go ahead to completely uncharted territory.
Now if this sounds bullish, it is supposed to be so. But as always, bullishness must be tempered with caution. Even within a bull market, the nifty can move down or correct anytime. Trade only long, buy the dips.
Nifty support which was earlier at 11800 has now moved up to 11930. it does not mean that the nifty is going to come to this level. It just mean that this support provides strong base for any decline.
VIEW:
Buy on a dip towards 11320 with a stop just below 11290.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| BRITANNIA | 3105.15 | 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 3075 and for the target of 3200. |
| BPCL | 473.35 | SELL | The immediate trend of the stock is weak . The stock can be sell with a stop loss of 481 and for the target of 462-457. |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| AXISBANK | 340 CE | BUY | 17.15 | CMP | 13 | 30 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| NTPC.Jan 30 | 123.55 | 1.44 | 40.73 | 39192000 | RAMCOCEM.Jan 30 | 827.55 | -0.53 | 13.18 | 1346400 | |
| TATAGLOBAL.Jan 30 | 387.65 | 9.99 | 39.77 | 12231000 | INDUSINDBK.Jan 30 | 1488.3 | -3.72 | 11.9 | 12479200 | |
| MINDTREE.Jan 30 | 864.05 | 3.09 | 29.94 | 1663200 | CHOLAFIN.Jan 30 | 319.45 | -0.2 | 11.49 | 3395000 | |
| TATACHEM.Jan 30 | 730.2 | 3.43 | 23.18 | 3649500 | TORNTPHARM.Jan 30 | 1895.05 | -0.57 | 7.43 | 253000 | |
| WIPRO.Jan 30 | 257.25 | 0.84 | 13.61 | 22201600 | IBULHSGFIN.Jan 30 | 305.9 | -2.38 | 5.79 | 20997600 | |
| Short Covering | Long unwinding | |||||||||
| Sector | Price | Price% | OI% | OI | Sector | Price | Price% | OI% | OI | |
| GAIL.Jan 30 | 130.45 | 1.32 | -6.02 | 40714422 | TORNTPOWER.Jan 30 | 301.4 | -0.18 | -7.91 | 2967000 | |
| NMDC.Jan 30 | 125.75 | 1.99 | -4.95 | 24204000 | BANKNIFTY.Jan 30 | 32169.05 | -0.23 | -3.11 | 1276480 | |
| BRITANNIA.Jan 30 | 3114.25 | 1.85 | -3.78 | 2226400 | JUBLFOOD.Jan 30 | 1725.7 | -0.43 | -2.9 | 2579000 | |
| INFRATEL.Jan 30 | 246.5 | 0.24 | -3.05 | 12988000 | YESBANK.Jan 30 | 35.25 | -6.37 | -2.82 | 2.25E+08 | |
| MUTHOOTFIN.Jan 30 | 766 | 1.6 | -2.91 | 4102500 | PFC.Jan 30 | 123.3 | -1.28 | -2.66 | 21297000 | |
Top Delivery Percentage
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Power Grid Corporation o | 195.25 | 0.23 | 3371803 | 13951418 | 89.6 | Nifty Media | 1822.2 | 2.1 | 193199309 | |
| HDFC Ltd. | 2492.3 | 1.21 | 2549328 | 2463811 | 72.43 | Nifty FMCG | 31145.4 | 1.41 | 1043042 | |
| MARICO LIMITED | 344.6 | 0.33 | 1694366 | 1803317 | 71.01 | Nifty Metal | 2900.65 | 0.92 | 121081661 | |
| ITC Ltd. | 243.25 | 1.67 | 11843444 | 8262934 | 67.49 | Nifty IT | 16362.35 | 0.84 | 1646715 | |
| HCL Technologies Ltd. | 594.3 | 1.33 | 3395378 | 2557536 | 62.44 | Nifty Auto | 8289.3 | 0.65 | 42415973 | |
| CONTAINER CORP OF INDIA | 566.95 | 0.92 | 581279 | 349555 | 62.13 | Nifty Pharma | 8117 | 0.48 | 43246606 | |
| Reliance Industries Ltd | 1529.4 | -0.93 | 7230788 | 5030540 | 60.19 | Nifty 50 | 12362.3 | 0.27 | 28411060 | |
| Hindustan Unilever Ltd | 2008.8 | 0.7 | 1610737 | 1223943 | 59.99 | Nifty Realty | 316.75 | -0.13 | 1106447707 | |
| HDFC BANK LTD. | 1289.5 | 0.27 | 3943145 | 2215612 | 59.47 | Nifty Bank | 32071.65 | -0.33 | 10926214 | |
| Torrent Pharma Ltd. | 1885.3 | -0.74 | 49543 | 76648 | 59.42 | INDIA VIX | 13.91 | -2.59 | 249120897 | |
Upcoming Economic Data
| Domestic International | |
| •INR: Trade Balance on 15th January 2020
•INR: FX Reserves, USD on 17th January 2020 |
•USA: PPI (MoM) (Dec) on 15th January 2020
•USA: Crude Oil Inventories on 15th January 2020 |
News Updates
| •Wipro’s Q3 consolidated profit dropped 3.2 per cent YoY to Rs 2,462.90 crore, while its revenue rose 2.73 per cent to Rs 15,470.50 crore from Rs 15,100.60 crore during the same period a year before. operating margin for the quarter was at 18.4 per cent, recording an increase of 0.3 per cent QoQ, the company said. The company has also announced an interim dividend of Rs 1 per equity share of par value Rs 2 each to shareholders. The payment of interim dividend will be made on or before February 4, 2020.
•Shares of IndusInd Bank fell 4.5 percent intraday on January 14 after the lender reported sharp increase in gross slippages due to one travel account. In fact, the stock had rallied around 3 percent after robust earnings growth, but wiped out those gains immediately on slippages numbers and overall corrected 7 percent from its day’s high. Slippages increased significantly to Rs 1,945 crore in Q3, from Rs 1,102 crore in Q2FY20. In fact, slippages were much higher than first half of FY20. •Mindtree on Tuesday reported a 3 per cent year-on-year (YoY) rise in its net profit at Rs 197 crore for December quarter of the financial year 2019-20 (Q3FY20). On sequential basis, numbers grew 45.9 per cent. In the previous quarter, the company had posted profit of Rs 135 crore while in the year-ago period, the numbers stood at Rs 191.2 crore. •Wholesale prices based inflation surged to an eight-month high of 2.59 per cent in December, as against 0.58 per cent in November due to sharp rise in prices of food articles . Source: Economic Times, Moneycontrol ,Business Today, Bloomberg Quint,,, |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| DEN | Quarterly Results | 15-Jan-20 | BIRLAMONEY | Quarterly Results | 16-Jan-20 |
| LACTOSE | Issue Of Warrants;General | 15-Jan-20 | BOMBWIR | Quarterly Results | 16-Jan-20 |
| LTI | Quarterly Results | 15-Jan-20 | CYIENT | Quarterly Results | 16-Jan-20 |
| MELSTAR | General | 15-Jan-20 | DCAL | Buy Back of Shares;ESOP | 16-Jan-20 |
| PANORAMA | Issue Of Warrants;General | 15-Jan-20 | DECCAN | Preferential Issue of shares | 16-Jan-20 |
| PLASTIBLEN | Quarterly Results | 15-Jan-20 | DHRUVES | Quarterly Results | 16-Jan-20 |
| RATHIST | Quarterly Results | 15-Jan-20 | DOLAT | Quarterly Results | 16-Jan-20 |
| RIIL | Quarterly Results | 15-Jan-20 | FERVENTSYN | Quarterly Results | 16-Jan-20 |
| STRTECH | Quarterly Results | 15-Jan-20 | GAIL | General | 16-Jan-20 |
| TINPLATE | Quarterly Results | 15-Jan-20 | HATHWAY | Quarterly Results | 16-Jan-20 |
| 5PAISA | Quarterly Results | 16-Jan-20 | IISL | General | 16-Jan-20 |
| ASAHIIND | Quarterly Results | 16-Jan-20 | KAPASHI | General | 16-Jan-20 |
Corporate Action
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| 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 | INDIGRID | 27-Jan-20 | Income Distribution (InvIT) |
| SSPNFIN | 16-Jan-20 | Bonus issue 1:1 | SIEMENS | 03-Feb-20 | Dividend – Rs. – 7.00 |
| SUVEN | 21-Jan-20 | Spin Off | FERMENTA | 06-Feb-20 | Bonus issue 2:1 |
| DELTACORP | 22-Jan-20 | Interim Dividend – Rs. – 0.75 |
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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