2020-02-17-Outlook

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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