The nifty had an intraday correction of some decent magnitude, when it fell almost 70 points from its close yesterday. Not surprisingly, support cane in almost exactly at the previous lifetime high of 12290. The nifty in fact recorded an intraday low of 12279, almost stopping its decline at the previous life time high mentioned above.
Yesterday and for many days before that we have been saying: the trend is up, buy in dips. Sometime , a running correction gives you only intraday dips.
It is said that a broken clock is right twice a day. In the same way, beers and traders who stand opposite the trend will be righr someday. But the chances are they may be right after being wrong many times. The trend is your friend.
Buy on a breakout above 12375 with a stop just below 12350.
Buy on a dip towards 12300 with a stop just below 12270.
|UBL||1310.50||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 1294 and for the target of 1340.|
|COALINDIA||212.45||SELL||The immediate trend of the stock is weak . The stock can be sold below 211.30 with a stop loss of 214.70 and for the target of 206.|
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|GAIL||130 CE||BUY||4.15||CMP||2.80||10||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|NTPC.Jan 30||124.1||0.45||27.96||50150400||INDUSINDBK.Jan 30||1406.9||-5.47||17.19||14624400|
|CASTROLIND.Jan 30||134.2||4.07||16.92||8130300||HAVELLS.Jan 30||644.7||-1.1||6.72||6293000|
|YESBANK.Jan 30||37.15||5.39||15.02||258561600||MRF.Jan 30||66649.3||-0.53||6.12||20630|
|IGL.Jan 30||447||5.16||10.38||9589250||EQUITAS.Jan 30||105.4||-1.31||3.75||18169200|
|RAMCOCEM.Jan 30||829.65||0.25||10.22||1484000||SRTRANSFIN.Jan 30||1103.3||-2.53||3.55||4377600|
|Short Covering||Long unwinding|
|AMARAJABAT.Jan 30||774.85||1.78||-10.22||1404800||NIFTYIT.Jan 30||16224||-0.45||-10.74||6650|
|BEL.Jan 30||104.25||3.89||-6.02||28404000||CONCOR.Jan 30||558.15||-2.02||-6.31||5919081|
|HEROMOTOCO.Jan 30||2480.35||2.48||-5.89||3670800||IDEA.Jan 30||6.05||-1.63||-4.87||4.12E+08|
|JUSTDIAL.Jan 30||576.25||0.85||-5.46||2084600||BIOCON.Jan 30||282.55||-0.16||-4.39||11366600|
|NMDC.Jan 30||131.05||4.21||-5.3||22920000||NIFTY.Jan 30||12378.05||-0.15||-3.55||13072350|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Petronet LNG Limited||276.65||-0.38||3201899||4030894||79.32||INDIA VIX||14.12||1.51||254439409|
|Kotak Mahindra Bank Limi||1675.6||-0.07||2490245||1519525||71.11||Nifty Auto||8385.35||1.16||43055584|
|MARICO LIMITED||345.5||0.26||1239513||1149773||67.86||Nifty Media||1837||0.81||196046289|
|HDFC BANK LTD.||1284.25||-0.41||5893724||2573348||65.26||Nifty Metal||2921.45||0.72||123535569|
|Power Grid Corporation o||194.25||-0.51||4001958||2167894||64.29||Nifty Pharma||8166.2||0.61||44119873|
|ITC Ltd.||242.4||-0.35||5476729||7543081||63.69||Nifty FMCG||31237.1||0.29||662250|
|HDFC Ltd.||2488.6||-0.15||2279961||1603409||62.9||Nifty IT||16346.85||-0.09||1626423|
|Colgate Palmolive (India||1508.95||0.42||648059||764173||62.45||Nifty 50||12343.3||-0.15||29162745|
|Bharti Airtel Limited||467.85||-0.32||10674839||5037091||62.29||Nifty Energy||16019||-0.21||1177979|
|Hindustan Unilever Ltd||2021.65||0.64||1559491||1003279||62.29||Nifty Bank||31824.9||-0.77||11284237|
Upcoming Economic Data
|•INR: FX Reserves, USD on 17th January 2020||•USA: Retail Sales (MoM) (Dec) on 16th January 2020
•USA: Building Permits (Dec) on 17th January 2020
|•L&T Infotech reported a marginal rise in its net profit at Rs 376.7 crore for the quarter ended December 31, 2019.The company had clocked a consolidated net profit after tax of Rs 375.5 crore in the year-ago period. The consolidated income during October-December quarter increased to Rs 2,875.3 crore over Rs 2,503.8 crore in the year-ago period.
•Bharti Airtel has announced allotment of 32.35 crore equity shares to eligible institutional buyers at an issue price of Rs 445 per share as part of $2 billion (over Rs 14,000 crore) qualified institutional placement that closed on Tuesday. The issue price was at a discount of 1.57 per cent to the stated floor price of Rs 452.09 per equity share.
•The share price of Piramal Enterprises rose 6 percent intraday on January 15 after a media report said that the company’s subsidiary had raised Rs 1,400 crore from banks. NBFC Piramal Capital & Housing Finance raised Rs 900 crore from Union Bank of India and Bank of India at 8.9 percent for five years and Rs 500 crore from IndusInd Bank for a year at 9 percent to meet the obligations.
•The Nifty Realty index outperformed every other sectoral index in the market, thanks to the government sops for the sector including Rs 25,000 crore funds infusion to revive stalled projects. The sharp cut in corporate tax rate was also gave a boost.
Source: Economic Times, Moneycontrol ,Business Today, Business Standard, Bloomberg Quin,,,
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ASAHIIND||Quarterly Results||16-Jan-20||KTKBANK||Quarterly Results||16-Jan-20|
|CYIENT||Quarterly Results||16-Jan-20||RALLIS||Quarterly Results||16-Jan-20|
|DCAL||Buy Back of Shares;ESOP||16-Jan-20||RISHDIGA||General;Quarterly Results||16-Jan-20|
|DECCAN||Preferential Issue of shares||16-Jan-20||ROSELABS||Quarterly Results||16-Jan-20|
|FERVENTSYN||Quarterly Results||16-Jan-20||SEL||Quarterly Results||16-Jan-20|
|HATHWAY||Quarterly Results||16-Jan-20||TATAMETALI||Quarterly Results||16-Jan-20|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|RAJGASES||16-Jan-20||Reduction of Capital||WIPRO||24-Jan-20||Interim Dividend – Rs. – 1.00|
|SSPNFIN||16-Jan-20||Bonus issue 1:1||INDIGRID||27-Jan-20||Income Distribution (InvIT)|
|SUVEN||21-Jan-20||Spin Off||SIEMENS||03-Feb-20||Dividend – Rs. – 7.00|
|DELTACORP||22-Jan-20||Interim Dividend – Rs. – 0.75||VINATIORGA||05-Feb-20||Stock Split From Rs.2/- to Rs.1/-|
|ASTERDM||23-Jan-20||Buy Back of Shares||FERMENTA||06-Feb-20||Bonus issue 2:1|
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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