The Nifty opened at 15270.30 with a gap up of 97 points. Prices have rallied more than 50 point within the first 15 minutes of trading. The index then traded sideways and narrow for almost the whole day. Another sharp rally came in the last hour of trading. The index recorded its intraday high at 15340.15 and finally closed at 15314.70 up by 151.40 points. The Bank and Financials sector have continued its outperformance and closed higher by more than 2.5%. Pharma, Metal and IT have underperformed.

We had suggested a trade either above 15250 or on a dip somewhere around 15000. The index opened well above 15250 so we then waited for the first 15 minutes as suggested. Prices recorded its 15 minutes of high around 15310 so that’s where our long trade got executed. Stay long with a stop at 15200 and a target around 15550.

We had identified a trading range in the Nifty. The range was 15050 as support and 15250 as resistance. The index opened above this range and has sustained the breakout. It was a trend day on the upside.


Bank Nifty opened at 36508.95 with a gap up of 384 points. The index rallied higher for the whole day and closed at the top of the day at 37306 with a gain of more than 1000 points. PSU and Private Banks both have seen a rally and closed higher by more than 2%. Within the index, in terms of points, Axis Bank contributed highest followed by ICICI Bank. We were long in the index from 35700 with a stop at 35400 and a target of 37500. A sharp rally brought the prices near the target. We should consider booking profits around the opening price.

The index has given a decisive breakout from a narrow trading range of just 1000 points on the upside. It was a trend day on the upside. We should look to buy on a dip.

Trade AnyTime AnyWhere With Elite Empower Mobile App



BANKBARODA 79.55 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 78 and for the target 83
TATAMOTORS 333.35 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 328 and for the target 340.

Get All Your Mutual Fund Portfolio Returns on Your Mobile by Elite Kuber App



STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
RBLBANK 255 CE BUY 12.30 CMP 10 16 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
FINNIFTYW.21.02 Feb 17019.1 0.79 375 3040 AMARAJABAT.21.02 Feb 917.4 -6.51 42.63 3366000
MOTHERSUMI.21.02 Feb 198.45 10.68 31.25 47859000 IBULHSGFIN.21.02 Feb 222.5 -6.49 12.42 36840400
CONCOR.21.02 Feb 545.8 8.64 27.44 7477392 TITAN.21.02 Feb 1488.85 -0.72 9.91 6836250
BANKNIFTY.21.02 Feb 36159.45 0.98 16.28 1840100 GLENMARK.21.02 Feb 493.15 -2.39 8.75 5074950
M&MFIN.21.02 Feb 205.55 4.45 15.89 14816000 BHARATFORG.21.02 Feb 630.75 -1.81 7.8 6615000
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
FINNIFTYW.21.02 Feb 17567 3.13 -65.38 7200 HINDALCO.21.02 Feb 291.55 -1.77 -3.87 30151600
TORNTPHARM.21.02 Feb 2617.05 1.33 -4.54 1178750 IDEA.21.02 Feb 12.35 -4.63 -3.66 889490000
IDFCFIRSTB.21.02 Feb 54.1 4.24 -4.46 151316000 AUROPHARMA.21.02 Feb 930.1 -0.63 -3.56 9420450
SIEMENS.21.02 Feb 1892.05 2.49 -4.41 775500 PFC.21.02 Feb 126.65 -0.86 -3.47 28637800
ASHOKLEY.21.02 Feb 130.15 1.4 -4.11 40932000 TATACHEM.21.02 Feb 563.15 -0.2 -3.22 8242000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Lombard General In 1497.7 0.19 1186259 379631 68.39 Nifty Bank 37306.25 3.32 87756
Indus Towers Limited 249.35 1.51 3252376 1737414 48.61 Nifty Realty 355.85 1.5 87756
Hindustan Unilever Ltd 2215.2 -1.18 2449407 568820 46.54 Nifty 50 15314.7 1 87756
Bharti Airtel Limited 593.7 1.27 17641523 6936643 44.43 Nifty Auto 10956.05 0.4 87756
Britannia Ind Ltd. 3417 -0.12 513578 274393 44.34 Nifty Fmcg 33959.9 0.09 87756
Oil & Natural Gas Corp 98.45 1.49 26118576 8010421 44.04 Nifty Energy 17714.55 -0.22 87756
Hdfc Life Insurance Comp 695.25 -2.21 3871100 773613 43.95 Nifty Media 1681.85 -0.31 87756
Hindustan Petroleum Corp 222.6 -0.56 6050356 2818488 42.53 Nifty Pharma 12745.1 -0.32 87756
Dabur India Ltd. 527.3 -1.25 2574672 1780011 42.2 Nifty it 26001.1 -0.36 87756
Titan Company Limited 1484.75 -0.63 3156535 1369447 41.69 Nifty Metal 3469.95 -0.47 87756

Get Stock Market Recommendation By Our Research Analysts



   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 17th  February, 2021 •USD :  Core Retail Sales (MoM) (Jan) on 17th February, 2021

•USD :  PPI (MoM) (Jan) on 17th February, 2021


•Future Retail Ltd on Monday said that e-commerce major Amazon had filed a petition on Supreme Court against 8 February order on Future group’s ₹24,713-crore deal with Reliance. The company also said that it will defend Amazon petitioner through legal counsel.

•India’s Tata Motors said on Monday that its British luxury unit Jaguar Land Rover (JLR) aims to become a net-zero carbon business by 2039, as carmakers across the world race to manufacture clean-energy vehicles. “Development is already underway with prototypes arriving on UK roads within the next 12 months as part of the long-term investment programme.

•Telecom service providers (telcos) are expected to dial in next round of tariff hikes over the next one or two quarters which is likely to drive revenue growth in new financial year (2021-22) beginning April 1, according to investment information firm ICRA.

•A continued increase in in-home consumption and demand for packaged food along with festive season is likely to have driven the growth for fast-moving consumer goods (FMCG) maker Nestle India during the December 2020 quarter, according to analysts, who see a nearly 10-13 per cent growth in revenue on a yearly basis. However, on a sequential basis, the sales growth is likely to be flat or may dip marginally between 1-2 per cent, they believe.

Source: Economic Times,  Moneycontrol  ,Business Today, Livemint, Business Standard, Bloomberg Quint

Open Your Demat Account to Invest in Upcoming IPO’sDemat-and-Trading-Account-Promotion-Banner


Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADVENT Quarterly Results 16-Feb-21 BHARTIARTL General;Preferential Issue of shares 17-Feb-21
GMPL Interim Dividend;Quarterly Results 16-Feb-21 DISHTV General 17-Feb-21
GODREJPROP General 16-Feb-21 PASUSPG Quarterly Results 17-Feb-21
NESTLEIND Audited Results;Final Dividend 16-Feb-21 RPPINFRA General;Rights Issue 17-Feb-21
NGIL Bonus issue;General 16-Feb-21 SHANTAI General 17-Feb-21
RSYSTEMINT Audited Results;General 16-Feb-21 SRIND Quarterly Results 17-Feb-21
SCHAEFFLER Audited Results;Dividend 16-Feb-21 SUPRAP General 17-Feb-21
SRIND General 16-Feb-21 UDL Audited Results 17-Feb-21
TOWERINFRA General 16-Feb-21 UNIPLY Audited Results 17-Feb-21
VBL Audited Results 16-Feb-21 AMBUJACEM Audited Results;Final Dividend 18-Feb-21


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ACRYSIL 16-Feb-21 Interim Dividend – Rs. – 0.8000 ASMTEC 17-Feb-21 Bonus issue 1:1
GPTINFRA 16-Feb-21 Interim Dividend – Rs. – 1.5000 AVTNPL 17-Feb-21 Interim Dividend – Rs. – 0.3000
GULFOILLUB 16-Feb-21 Interim Dividend – Rs. – 7.00 BEML 17-Feb-21 Interim Dividend – Rs. – 4.8000
NILKAMAL 16-Feb-21 Interim Dividend – Rs. – 5.00 BPCL 17-Feb-21 Interim Dividend – Rs. – 16.00
SISL 16-Feb-21 Interim Dividend – Rs. – 1.00 CAMS 17-Feb-21 Interim Dividend – Rs. – 7.6000
TCIEXP 16-Feb-21 Interim Dividend – Rs. – 2.00 CARERATING 17-Feb-21 Interim Dividend – Rs. – 3.00
TORNTPOWER 16-Feb-21 Interim Dividend – Rs. – 5.5000 ESABINDIA 17-Feb-21 Interim Dividend – Rs. – 19.00
AKZOINDIA 17-Feb-21 Interim Dividend – Rs. – 20.00 EVERESTO 17-Feb-21 Interim Dividend – Rs. – 0.5000
AMRUTANJAN 17-Feb-21 Interim Dividend – Rs. – 0.8000 FSL 17-Feb-21 Interim Dividend – Rs. – 3.00

Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014

Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to www.elitewealth.in. Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Disclosure Appendix
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, suhail@elitewealth.in
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
Research Excerpts
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit www.elitewealth.in.Company-Specific Disclosures Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in , or e-mailing research@elitestock.com with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail research@elitestock.com.Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at https://www.elitewealth.in
Other Disclosures
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person. Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, advisory board member or employee of any company in the analyst’s area of coverage. Country Specific Disclosures India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in
EWL Advisory discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
1. Reports
a) EWL Advisory or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL Advisory or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL Advisory or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
2. Compensation
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL Advisory or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL Advisory or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL Advisory or its associates have not received any compensation for products or services other than investment banking
or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL Advisory or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL Advisory
Provided that research analyst or research entity shall not be required to make a disclosure as per sub-clauses (c), (d) and (e) of clause (ii) or sub-clauses (a) and (b) of clause (iii) to the extent such disclosure would reveal material non-public information regarding specific potential future investment banking or merchant banking or brokerage services transactions of the subject company.
(4) EWL Advisory or its proprietor has never served as an officer, director or employee of the subject company;
(5) EWL Advisory has never been engaged in market making activity for the subject company;
(6) EWL Advisory shall provide all other disclosures in research report and public appearance as specified by the Board under any other regulations.