The NIFTY continued with its winning spree by closing higher once more, recording a gain of about 10 points over its previous close. This is about .10%, but the spectacular highlight of this gain is the fact that it came after all. The index has been rolling since it made a low at 11930 just 10 days ago.
We should never question the wisdom of the market. The index has been moving up and its gains are coming because the buyers are stronger then the sellers. Who are we to question the wisdom of these buyers?
Stay on the long side. One of the safest trades we can do as traders is to simply avoid the temptation to go short. Nifty support now comes at 12280, and resistance at 12374. Today’s close is very near to resistance. Tomorrow trade will depend on how the markets reacts to this resistance level. If the market breaks out of this resistance, we should suggest going long.
Look to buy on dips.
|TCS||2235.15||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 2214 and for the target of 2280.|
|BANKBARODA||97.65||SELL||The immediate trend of the stock is weak . The stock can be sold at CMP with a stop loss of 99 and for the target of 94.50.|
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|BHARTIARTL||475 CE||BUY||12.25||CMP||7||25||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|TORNTPHARM.Jan 30||1939.75||1.73||29.37||326000||CHOLAFIN.Jan 30||330.1||-0.18||14.97||3820000|
|MFSL.Jan 30||529.6||3.08||20.39||9939800||INDUSINDBK.Jan 30||1390.3||-1.18||10.04||16092400|
|CADILAHC.Jan 30||271.45||2.92||14.35||7992600||RAMCOCEM.Jan 30||820.8||-1.07||8.95||1616800|
|TORNTPOWER.Jan 30||306.85||1.2||12.08||3201000||TATAGLOBAL.Jan 30||385.6||-1.59||8.69||13003200|
|BALKRISIND.Jan 30||1101.5||2.13||11.87||2073600||GAIL.Jan 30||129.45||-2.19||8.4||47840646|
|Short Covering||Long unwinding|
|SRF.Jan 30||3590||0.07||-1.11||780750||JUBLFOOD.Jan 30||1746.15||-0.65||-2.96||2638000|
|DLF.Jan 30||258.45||0.53||-0.95||35659800||TATAMTRDVR.Jan 30||82.95||-0.9||-0.73||32586400|
|YESBANK.Jan 30||37.15||0||-0.73||2.57E+08||TECHM.Jan 30||785.4||-1.34||-0.16||16101600|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2049.25||1.37||2468958||1213624||77.82||Nifty Media||1863.5||1.44||89361|
|Bharti Airtel Limited||473.9||1.29||15990374||7602908||71.22||Nifty Realty||323.8||0.9||89361|
|Kotak Mahindra Bank Limi||1701.55||1.55||3321282||1704202||68.44||Nifty Pharma||8203.1||0.45||89361|
|Godrej Cons Products Ltd||746.75||-2.06||870590||669463||68.29||INDIA VIX||14.18||0.44||89358|
|HDFC BANK LTD.||1287.65||0.26||3575200||3970136||67.36||Nifty FMCG||31338.2||0.32||89361|
|MARICO LIMITED||349.15||1.06||1173218||825356||66.59||Nifty IT||16381.65||0.21||89361|
|ICICI BANK LTD.||537.15||0.29||11249232||7720548||62.5||Nifty Auto||8395.9||0.13||89361|
|Bajaj Auto Limited||3112.1||-0.37||287553||332617||60.08||Nifty 50||12355.5||0.1||89361|
|Power Grid Corporation o||196.45||1.13||4810695||2356838||58.89||Nifty Bank||31853.9||0.09||89361|
|ITC Ltd.||240.75||-0.68||9369668||3216141||58.72||Nifty Metal||2884.8||-1.25||89361|
Upcoming Economic Data
|•INR: FX Reserves, USD on 17th January 2020||•USA: Building Permits (Dec) on 17th January 2020|
|•Wockhardt received a nod from Indian drug regulator DCGI for the country’s first new discovery antibiotics. Wockhardt said the two approved new antibiotics, Emrok(IV) & Emrok O are used for acute bacterial skin and skin structure infections including diabetic foot infections and concurrent bacteraemia. The new drug will target superbug like Methicillin-resistant Staphylococcus aureus (MRSA), which is a leading cause of rising antimicrobial resistance (AMR).
•Nestle said it would invest 2 billion Swiss francs (1.8 billion euros, $2.1 billion) over five years to cut its use of virgin plastics in favour of food-grade recycled plastics. The company, whose brands include Nespresso coffee, Vittel water and Smarties chocolates, also plans to invest in new types of sustainable packaging to meet its target of making all its packaging recyclable or reusable by 2025.
•IRCTC hit the four-digit mark for the first time ever a day ahead of launch of India’s second private train Ahmedabad-Mumbai Central Tejas Express. The train will be operated by IRCTC. This is the first time IRCTC share hit the Rs 1,000 mark since the Indian Railways stock made its market debut in October last year.
•Granules India share price touched a 52-week high of Rs 144.90, rising 6 percent, intraday on January 16 with the company planning a share buyback.
Source: Economic Times, Moneycontrol ,Business Today, Business Standard, Bloomberg Quint,,,
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ABHIJIT||Quarterly Results||17-Jan-19||JIYAECO||Quarterly Results||17-Jan-19|
|AUBANK||Quarterly Results||17-Jan-19||MANORG||Quarterly Results||17-Jan-19|
|BIRLAMONEY||Quarterly Results||17-Jan-19||MASTEK||General;Quarterly Results||17-Jan-19|
|BURNPUR||Quarterly Results;Reduction of Capital||17-Jan-19||NALINLEA||Quarterly Results||17-Jan-19|
|CYIENT||Buy Back of Shares;Quarterly Results||17-Jan-19||NRBBEARING||General||17-Jan-19|
|FEDERALBNK||Quarterly Results||17-Jan-19||PVVINFRA||Issue Of Warrants;Preferential Issue||17-Jan-19|
|FIBERWEB||General;Quarterly Results||17-Jan-19||RALLIS||General;Quarterly Results||17-Jan-19|
|GEOJITFSL||ESOP;General;Quarterly Results||17-Jan-19||RELIANCE||Quarterly Results||17-Jan-19|
|HINDUNILVR||Quarterly Results||17-Jan-19||SRGHFL||Increase in Authorised Capital;General||17-Jan-19|
|INDOTHAI||General;Quarterly Results||17-Jan-19||UCOBANK||Preferential Issue of shares||17-Jan-19|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|SUVEN||21-Jan-20||Spin Off||INDIGRID||27-Jan-20||Income Distribution (InvIT)|
|DELTACORP||22-Jan-20||Interim Dividend – Rs. – 0.75||SIEMENS||03-Feb-20||Dividend – Rs. – 7.0000|
|ASTERDM||23-Jan-20||Buy Back of Shares||VINATIORGA||05-Feb-20||Stock Split From Rs.2/- to Rs.1/-|
|WIPRO||24-Jan-20||Interim Dividend – Rs. – 1.00||FERMENTA||06-Feb-20||Bonus issue 2:1|
|ASTERDM||23-Jan-20||Buy Back of Shares||INDIGRID||27-Jan-20||Income Distribution (InvIT)|
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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