2020-03-16-outlookNIFTY:

The NIFTY had the time of its life today. When it went through a series of dramatic movement, which would have been unimaginable even yesterday. On the back of 11% decline in US market, the NIFTY opened and almost immediately locked in a lower circuit. When the market opened after 45 minutes, it actually opened higher than the circuit level. Then crossed 9000, then went on higher to touch 10120. it went to have an intraday rally of more than 1100 points.

Is the low of the bear market in place?

Well, we have no way of saying this. But unless something unusual happens again, it is quite likely that 8400 is a good indicator of the lows of this horrible bear market.  We say horrible because of the intensity of the decline, and not because it fell.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     BHARTIARTL 491.85 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  478 and for the target of  510.
      VEDL 84.05 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  91 and for  the target of  70.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
IGL 410 CE BUY 17.40 CMP 10 35 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HDFCLIFE.Mar 26 509.15 7.09 50.33 4096800 PVR.Mar 26 1203.25 -8.78 20.08 2573600
IDEA.Mar 26 5.65 32.94 17.13 6.93E+08 INFO EDGE  LTD.Mar 26 2295.05 -3.08 9.08 516600
CHOLAFIN.Mar 26 244.6 1.12 16.72 5812500 SRTRANSFIN.Mar 26 829.2 -1.67 6.11 3688800
IOC.Mar 26 88.3 3.94 13.95 54200000 BANDHANBNK.Mar 26 328.15 -2.22 3.95 5589600
ADANIPORTS.Mar 26 290.35 2.18 13.48 37980000 UPL.Mar 26 411.15 -7.38 1.53 12721500
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
NIFTYIT.Mar 26 13567 1.3 -42.86 3000 COALINDIA.Mar 26 154.35 -0.39 -17.77 30893400
BANKNIFTY.Mar 26 25028.9 4.96 -26.45 1079400 APOLLOHOSP.Mar 26 1502.15 -0.3 -11.53 1293500
GLENMARK.Mar 26 209.65 5.86 -22.69 3820600 RBLBANK.Mar 26 205.65 -0.84 -10.86 15198000
SBIN.Mar 26 240.9 13.31 -20.22 1.01E+08 MOTHERSUMI.Mar 26 64.2 -5.59 -10.1 28850000
BANKBARODA.Mar 26 64.85 14.78 -19.88 41682600 UBL.Mar 26 1048.5 -0.4 -9.89 892500

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Lupin Limited 605.85 2.03 1820679 3689241 73.91 INDIA VIX 51.47 25.05 128498811
ASIAN PAINTS LIMITED 1797.7 -2.48 3878660 4388982 70.17 Nifty Metal 1903.35 5.71 353181991
MARICO LIMITED 260.65 0.31 4096772 5378370 70.04 Nifty Bank 25166.45 4.99 26499095
TATA CONSULTANCY SERV LT 1806.3 2.06 8029725 5822556 66.7 Nifty Pharma 7268 4.69 91587729
Power Grid Corporation o 167.9 1.08 25097373 21573190 65.65 Nifty 50 9955.2 3.81 66775930
THE RAMCO CEMENTS 655.15 0.01 935062 519795 65.44 Nifty Auto 6182 2.46 107665826
Exide Industries Ltd 148.75 3.8 3986615 5216445 65.23 Nifty Realty 235.85 2.41 2147483500
CHOLAMANDALAM 245.35 0.9 10826629 2353901 64.64 Nifty IT 13539.1 1.15 2583818
Petronet LNG Limited 229.45 7.57 5747481 4072922 63.58 Nifty FMCG 26208 0.48 1439658
HDFC BANK LTD. 1069.8 4.75 33171603 18695622 63.37 Nifty Media 1282.35 -1.67 515407877

Upcoming Economic Data

   Domestic                                                                                                                International
•INR:  WPI Inflation (YoY)  (Feb)  on 16th March ,2020

•INR:  WPI Food (YoY) (Feb) on 16th March,2020

•USA: Core Retail Sales (MoM) (Feb)on 17th  March,2020

•USA: Fed Interest Rate Decision  on 18th  March,2020

News Updates

•Investor wealth worth over Rs 11 trillion was wiped off on Thursday as stocks crashed amid a global equity selloff after the World Health Organization declared the coronavirus outbreak a pandemic. Amid intensifying rout in global financial markets, the 30-share BSE Sensex plummeted 2,919.26 points or 8.18 per cent to end at 32,778.14.

•State Bank of India has approved an investment of Rs 7,250 crore in private sector lender Yes Bank Ltd., it said in a notification to stock exchanges on Thursday. The executive committee of the central board has approved the purchase of 725 crore equity shares of Yes Bank at a price of Rs 10 per share, the lender informed exchanged. Its stake in Yes Bank will remain under 49 percent, SBI said.

•Anil Ambani-led Reliance Group on Wednesday said its entire debt from troubled YES Bank is fully secured and was availed in the ordinary course of business. In a statement, the group said it is committed to honouring repayments of all its borrowing from Yes Bank through its asset monetisation programme.

•Arvind Fashions share price touched a 52-week low of Rs 272, falling over 11 percent intraday on March 12 after the board approved the issue of equity shares to existing equity shareholders on a rights basis.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AMITINT General 13-Mar-20 RAYALEMA Preferential Issue of shares 13-Mar-20
BEML Interim Dividend 13-Mar-20 RPPINFRA General 13-Mar-20
EIHOTEL Interim Dividend 13-Mar-20 SAKSOFT Interim Dividend 13-Mar-20
FDC Interim Dividend;General 13-Mar-20 SESL General 13-Mar-20
IOC Interim Dividend 13-Mar-20 SHANKARA Interim Dividend 13-Mar-20
JKLAKSHMI Interim Dividend 13-Mar-20 SHREEGANES General 13-Mar-20
JSGLEASING General 13-Mar-20 SKYIND General 13-Mar-20
MENONBE Interim Dividend 13-Mar-20 SOMANYCERA Interim Dividend 13-Mar-20
NAVNETEDUL Interim Dividend 13-Mar-20 SYMBIOX General 13-Mar-20
PETRONENGG Quarterly Results 13-Mar-20 TCI Interim Dividend 13-Mar-20
PONDYOXIDE Interim Dividend 13-Mar-20 TCIEXP Interim Dividend 13-Mar-20
PRESTIGE Interim Dividend 13-Mar-20 THERMAX Interim Dividend 13-Mar-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ALBERTDA 13-Mar-20 Interim Dividend – Rs. – 7.00 ADANIPORTS 16-Mar-20 Interim Dividend – Rs. – 3.20
AMNPLST 13-Mar-20 Interim Dividend – Rs. – 0.30 ALPHAGEO 16-Mar-20 Interim Dividend – Rs. – 8.00
AUTOAXLES 13-Mar-20 Interim Dividend – Rs. – 6.00 APLLTD 16-Mar-20 Interim Dividend – Rs. – 7.00
CHEMBOND 13-Mar-20 Interim Dividend – Rs. – 2.00 APLLTD 16-Mar-20 Special Dividend – Rs. – 3.00
MEGH 13-Mar-20 Interim Dividend – Rs. – 1.00 APTECHT 16-Mar-20 Interim Dividend – Rs. – 4.50
PIDILITIND 13-Mar-20 Interim Dividend – Rs. – 7.00 CUPID 16-Mar-20 Interim Dividend – Rs. – 3.50
PRAJIND 13-Mar-20 Interim Dividend – Rs. – 2.70 DEEPAKNI 16-Mar-20 Interim Dividend – Rs. – 4.50
REMSONSIND 13-Mar-20 Interim Dividend – Rs. – 1.50 GAEL 16-Mar-20 Interim Dividend – Rs. – 1.00

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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