outlookNIFTY:

Nifty opened with gap up due to global indices and kept the momentum higher till the end and closed with century at 13682.  In the first half , the index saw a mild decline with a lot of choppiness and made its intraday low around 13606.45.However ,in the second half price have rallied more than 80 points.

The index recorded its intraday high at 13692.35  and finally closed at 13682.7 up by 114 point or .85. All the sectoral indices have closed with gains except PSU bank, The realty sector registedred an impressive gain of 5.14.

In previous report we have already mention that fresh buying will triggred above 13600 and today it got triggered ,traders should hold this long position with a stop loss 13600 and a target around 13750-13800.

BANK NIFTY:

Bank Nifty opened at  30935 with a gap up of 273 points. The index  started moving on the downside from its opening tick and continued that for the whole day. In the end price have finally settled at 30677 with much change compared to yesterday closing price.

We have mentioned a strong resistance around 30800.the index today opened above this level but did not sustain there and eventually closed lower. It was a trend day on the downside where price have opened near the high and closed near the lows.

FOR TODAY, we have suggested trade in the direction of breakout and also mentioned that use 15 minutes trading rule in case of a gap .The index opened above 30900 which was the entry point for the long trade so we wait till.9.30 am highs. Prices recorded the high 30902 but never touched after 9.30 .Hence the trade did not execute but we are recommending the same trade for tomorrow.

Trade AnyTime AnyWhere With Elite Empower Mobile App

Elite-Empower-App-Promotional-Banner-img1

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
BHARTIARTL 516.2 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at  511 and for the target 530.
SUNPHARMA 576.6 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 570 and for the target 590

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


Elite-Kuber-Mutual-Fund-Promotional-Banner-img

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
AUROPHARMA 800 BUY 30.2 CMP 24 40 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GMRINFRA.20.12 Dec 28.75 5.31 15.08 69030000 POWERGRID.20.12 Dec 189.05 -0.66 15.03 22468000
NTPC.20.12 Dec 105.95 1 12.25 65230800 IGL.20.12 Dec 485.5 -2.48 12.44 6600000
LICHSGFIN.20.12 Dec 372.8 2.64 11.16 9384000 CADILAHC.20.12 Dec 467.8 -0.64 11.99 7029000
BAJAJFINSV.20.12 Dec 9340.5 4.05 10.55 965125 GAIL.20.12 Dec 126 -0.08 11.1 23997400
ZEEL.20.12 Dec 231.5 6.85 9.93 36507000 SIEMENS.20.12 Dec 1545 -0.4 10.92 1676400
                                                                        Short Covering Long Unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
CANBK.20.12 Dec 121.65 2.92 -14.14 40665000 BANKNIFTY.20.12 Dec 30692.05 -0.31 -7.68 1480525
GODREJPROP.20.12 Dec 1293.8 0.41 -4.26 1269450 BHEL.20.12 Dec 36.5 -1.62 -2.53 94479000
L&TFH.20.12 Dec 94.5 4.48 -3.86 25717600 GLENMARK.20.12 Dec 517.2 -2.07 -1.69 6774650
HCLTECH.20.12 Dec 886.4 1.09 -2.48 19686800 ONGC.20.12 Dec 100.6 -1.08 -0.82 42989100
VOLTAS.20.12 Dec 832 2.45 -2.26 2465000 IDEA.20.12 Dec 9.9 -2.46 -0.62 668080000

Get Stock Market Recommendation By Our Research Analysts

Market-Research-Promotional-Banner-img5

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  Deposit Growth on 18th December, 2020

INR:  FX Reserves, USD on 18th December, 2020

•USD:  Crude Oil Inventories on 16th December, 2020

•USD: API Weekly Crude Oil Stock on 16th December, 2020

NEWS UPDATES

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ANISHAIMPEX General 17-Dec-20 FLORATX Scheme of Arrangement 18-Dec-20
DESHRAK General 17-Dec-20 IDBI General 18-Dec-20
LKPFIN Voluntary Delisting of Shares 17-Dec-20 JIYAECO Quarterly Results 18-Dec-20
PTIL Audited Results;Quarterly Results 17-Dec-20 KNRCON Bonus issue;General 18-Dec-20
REMIPRO Voluntary Delisting of Shares 17-Dec-20 LPNAVAL General 18-Dec-20
RML Issue Of Warrants;Preferential Issue 17-Dec-20 PVR General 18-Dec-20
SBTL Audited Results;A.G.M.;General 17-Dec-20 SAKUMA General 18-Dec-20
VSL General 17-Dec-20 STEELXIND General 18-Dec-20
AGARIND General 18-Dec-20 SYNCOMF Preferential Issue of shares;General 18-Dec-20
ANSALAPI Issue Of Warrants 18-Dec-20 ZEELEARN Quarterly Results 18-Dec-20
BITL General 18-Dec-20 ZODJRDMKJ General 18-Dec-20

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AARNAV 17-Dec-20 Dividend – Rs. – 0.50 NIKHILAD 21-Dec-20 Final Dividend – Rs. – 1.00
EASTWEST 17-Dec-20 Dividend – Rs. – 0.0500 ANANTRAJ 22-Dec-20 Dividend – Rs. – 0.0800
HAL 17-Dec-20 Interim Dividend – Rs. – 15.00 BAMBINO 22-Dec-20 Dividend – Rs. – 1.60
POWERGRID 17-Dec-20 Interim Dividend – Rs. – 5.00 GMDCLTD 22-Dec-20 Dividend – Rs. – 2.00
ASHOKALC 18-Dec-20 Dividend – Rs. – 0.50 INANI 22-Dec-20 Dividend – Rs. – 0.0400
BCG 18-Dec-20 Final Dividend – Rs. – 0.0500 MANCREDIT 22-Dec-20 Final Dividend – Rs. – 0.50
ENERGYDEV 18-Dec-20 Dividend – Rs. – 0.50 ORIBEVER 22-Dec-20 Dividend – Rs. – 0.50
JAICORPLTD 18-Dec-20 Dividend – Rs. – 0.50 OSIAJEE 22-Dec-20 Annual Book Closure
VRL 18-Dec-20 Dividend – Rs. – 1.50 RCF 22-Dec-20 Final Dividend – Rs. – 2.8400

 

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


For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan