2020-01-15-Outlook

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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