NIFTY:
NIFTY today opened with a minor upward gap. Prices have begun to drift down from the very morning. The index has fallen almost 150 points from its intraday high to close at 12113.45 down by 61 points or 0.50%. All the sectorla indices saw a decline today leb by BANK, FMCG and METALS. NIFTY continued to roam around 12150.
A consolidation with No Visible boundaries
From Monday onwards, we are continously saying that a process of consolidation is likely to begin. Since then prices have been trading very choppy and narrow with no clear sense of direction. We are yet to find the boundaries of the likely consolidation.
VIEW:
Sell on a rally towards 12190 with a stop just above 12235.
Buy on a dip towards 12050 with a stop just below 12020.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| BALKRISIND | 1157.05 | 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 1134 and for the target of 1200. |
| APOLLOTYRE | 159.05 | SELL | The immediate trend of the stock is weak . The stock can be sold at CMP with a stop loss of 162.50 and for the target of 154. |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| MUTHOOTFIN | 750 CE | BUY | 21 | CMP | 16 | 32 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| BHARTIARTL.Feb 27 | 566.65 | 4.76 | 4.12 | 55194969 | INFRATEL.Feb 27 | 232 | -4.98 | 29.42 | 14790000 | |
| APOLLOHOSP.Feb 27 | 1706.95 | 0.46 | 3.05 | 2098000 | IGL.Feb 27 | 489.6 | -1.62 | 10.24 | 9856000 | |
| SRF.Feb 27 | 4199.6 | 0.79 | 1.58 | 833500 | BATAINDIA.Feb 27 | 1790.45 | -1.67 | 6.68 | 2416700 | |
| SRTRANSFIN.Feb 27 | 1275.45 | 1.97 | 1.57 | 5386800 | GAIL.Feb 27 | 123.05 | -5.85 | 6.1 | 42949368 | |
| MRF.Feb 27 | 72036.1 | 0.32 | 1.38 | 22760 | TORNTPOWER.Feb 27 | 311.1 | -1.41 | 5.61 | 5418000 | |
| Short Covering | Long unwinding | |||||||||
| Sector | Price | Price% | OI% | OI | Sector | Price | Price% | OI% | OI | |
| GLENMARK.Feb 27 | 335.1 | 1.87 | -7.1 | 7732200 | IDEA.Feb 27 | 3.45 | -23.33 | -10.6 | 4.24E+08 | |
| TORNTPHARM.Feb 27 | 2110.05 | 1.13 | -6.37 | 389500 | ESCORTS.Feb 27 | 885.65 | -0.23 | -9.95 | 4282300 | |
| TATAGLOBAL.Feb 27 | 397.5 | 0.95 | -4.17 | 14517900 | COALINDIA.Feb 27 | 175.05 | -1.71 | -9.16 | 48143700 | |
| RAMCOCEM.Feb 27 | 791.1 | 0.09 | -4.14 | 1537600 | POWERGRID.Feb 27 | 183.8 | -2.8 | -8.67 | 59464000 | |
| UPL.Feb 27 | 591.65 | 2.1 | -4.04 | 14244300 | NESTLEIND.Feb 27 | 16420.15 | -0.01 | -6.44 | 488850 | |
Top Delivery Percentage
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Power Grid Corporation o | 184.1 | -3.38 | 13404733 | 7404879 | 70.85 | INDIA VIX | 13.62 | 1.87 | 279090283 | |
| Lupin Limited | 717.65 | 2.03 | 1845960 | 1612474 | 68.43 | Nifty Pharma | 8331.7 | -0.05 | 45616596 | |
| NTPC Limited | 112.7 | -2.13 | 23827224 | 14102479 | 67.46 | Nifty Media | 1832.5 | -0.13 | 207024924 | |
| Petronet LNG Limited | 260.8 | -1.32 | 2662667 | 1547423 | 65.27 | Nifty IT | 16642.75 | -0.18 | 978777 | |
| HDFC Ltd. | 2401.75 | -0.08 | 2611510 | 1481701 | 64.98 | Nifty 50 | 12113.45 | -0.5 | 31306172 | |
| GAIL (India) Limited | 122.55 | -5.95 | 28720617 | 15772677 | 63.89 | Nifty Realty | 310.3 | -1.12 | 1217855000 | |
| HDFC BANK LTD. | 1219.35 | -1.78 | 7344429 | 2850913 | 62.57 | Nifty Auto | 7822.2 | -1.17 | 48279780 | |
| MARICO LIMITED | 302.2 | -0.4 | 2688377 | 974069 | 61.88 | Nifty FMCG | 30646.75 | -1.26 | 580632 | |
| ITC Ltd. | 207.7 | -1.98 | 13731692 | 5580976 | 60.97 | Nifty Bank | 30834.8 | -1.27 | 12247761 | |
| Hindustan Unilever Ltd | 2255.05 | -1.24 | 1728651 | 1779599 | 60.32 | Nifty Metal | 2613.6 | -1.43 | 144542973 | |
Upcoming Economic Data
| Domestic International | |
| •INR: FX Reserves, USD on 21st Februrary,2020 | •USA: Building Permits (Jan) on 19th February,2020
•USA: PPI (MoM) (Jan) on 19th Februrary,2020 |
News Updates
| •RBI Governor Shaktikanta Das on Saturday said it will have internal discussions in case there are any issues arising out of the Supreme Court order regarding AGR dues. Das did not offer any specific comments about the order, which might have ramifications on banks in terms of their exposure to the financially-stressed telecom companies.
•Bharti Airtel stands to lose if Vodafone Idea (VIL) collapses under the weight of its adjusted gross revenue (AGR) dues of more than Rs 53,000 crore. Without VIL, Bharti Airtel would lose out on benefits of shared towers infrastructure, which could lead to an increase of at least 15% in network and customer servicing costs and hinder its ability to offer affordable tariffs to consumers in future. •Hero MotoCorp Friday said that the disruption in supply of components from China on account of the outbreak of coronavirus (Covid-19) will impact planned production in the ongoing month. Hero, however, clarified wholesale dispatches to dealers will remain unaffected during this period. •SpiceJet has posted a 21 per cent increase on annual basis in its net profit for the quarter ended December 31, 2019. The carrier reported the net profit of Rs 77.96 crore for the quarter under review, as opposed to Rs 64.44 crore in the year-ago period.b SpiceJet saw its total revenue from operations grow to Rs 3,656.36 crore during Q3 FY20. Source: Economic Times, Moneycontrol ,Business Today, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| BIHSPONG | Quarterly Results | 17-Feb-20 | KESORAMIND | Preferential Issue;Rights Issue | 18-Feb-20 |
| FSL | Interim Dividend | 17-Feb-20 | MEGRISOFT | General | 18-Feb-20 |
| JUNCTION | Bonus issue;General | 17-Feb-20 | POLYMED | Interim Dividend | 18-Feb-20 |
| KAIRA | Interim Dividend | 17-Feb-20 | SALEM | General | 18-Feb-20 |
| ORCHIDPHAR | Quarterly Results | 17-Feb-20 | SBECSYS | Quarterly Results | 18-Feb-20 |
| PAPERPROD | Audited Results;Final Dividend | 17-Feb-20 | SILICON | Voluntary Delisting of Shares | 18-Feb-20 |
| SALEM | General | 17-Feb-20 | VITESSE | Preferential Issue of shares | 18-Feb-20 |
| SBECSUG | Quarterly Results | 17-Feb-20 | ARL | General | 19-Feb-20 |
| TOYAMIND | General | 17-Feb-20 | INDAG | Interim Dividend | 19-Feb-20 |
| ULTRACAB | General | 17-Feb-20 | INDOSOLAR | Audited Results;Quarterly Results | 19-Feb-20 |
| ABMKNO | Interim Dividend;General | 18-Feb-20 | JSGLEASING | Quarterly Results | 19-Feb-20 |
| BERGEPAINT | Interim Dividend | 18-Feb-20 | KABRADG | General | 19-Feb-20 |
| DRA | General | 18-Feb-20 | LUMAXTECH | Interim Dividend;General | 19-Feb-20 |
| HBLPOWER | Interim Dividend | 18-Feb-20 | MASFIN | Interim Dividend | 19-Feb-20 |
Corporate Action
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| AARTIDRUGS | 17-Feb-20 | Interim Dividend – Rs. – 2.00 | HEG | 17-Feb-20 | Interim Dividend – Rs. – 25.00 |
| ADFFOODS | 17-Feb-20 | Interim Dividend – Rs. – 1.50 | HEROMOTOCO | 17-Feb-20 | Interim Dividend – Rs. – 65.00 |
| ASTRAL | 17-Feb-20 | Interim Dividend – Rs. – 0.60 | HIKAL | 17-Feb-20 | Interim Dividend – Rs. – 1.00 |
| AUROPHARMA | 17-Feb-20 | Interim Dividend – Rs. – 1.75 | IFGLEXPOR | 17-Feb-20 | Interim Dividend – Rs. – 2.50 |
| COCHINM | 17-Feb-20 | Interim Dividend – Rs. – 2.00 | KPITTECH | 17-Feb-20 | Interim Dividend – Rs. – 0.55 |
| DALBHARAT | 17-Feb-20 | Interim Dividend – Rs. – 2.00 | MINDACORP | 17-Feb-20 | Interim Dividend – Rs. – 0.35 |
| GAIL | 17-Feb-20 | Interim Dividend – Rs. – 6.40 | MINDAIND | 17-Feb-20 | Interim Dividend – Rs. – 0.40 |
| GUJBOROS | 17-Feb-20 | Amalgamation | NHPC | 17-Feb-20 | Interim Dividend – Rs. – 1.18 |
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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