US FED reduces interest rates, US markets are locked down
Such is the nature of the bear market this time. Almost always, a FED rate cut results in a sudden and serious rally. This time, two rate cuts in just 15 days have resulted in markets going limit down in the US.
While the US markets may actually perform better when they open up, it is fact that markets are very nervous.
Option implied volatility is extremely high
Implied volatility in options is a measure of the fear prevailling in the market. Normal IV in NIFTY options ranges between 10 to 20%. Currently, IV is in NIFTY options are 120% higher. This represents a sense of extream fear in the market.
The fear is not just about a sudden decline. It is also about a sudden rally. Essentially, the fear is that market may do something unknown. The first sign of a fall in volatility will be a fall in implied volatility of NIFTY options. We will alert you when this happens.
|TORNTPHARM||1960.15||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 1900 and for the target of 2100.|
|IBULHSGFIN||153.60||SELL||The immediate trend of the stock is weak . The stock can be sold at CMP with a stop loss of 165 and for the target of 130.|
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|JUBLFOOD||1400 PE||BUY||138.40||CMP||95||210||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|IDEA.Mar 26||5.65||0||3.66||718340000||PVR.Mar 26||1175.05||-2.34||31.78||3391600|
|Short Covering||Long unwinding|
|YESBANK.Mar 26||30.1||64.48||-9||2.01E+08||SRTRANSFIN.Mar 26||753.55||-9.12||-4.23||3532800|
|GLENMARK.Mar 26||215||2.55||-5.2||3621800||EXIDEIND.Mar 26||138||-7.35||-3.86||6788900|
|HINDPETRO.Mar 26||200.8||2.82||-2.91||9611700||PNB.Mar 26||35.5||-5.33||-3.72||85423600|
|MOTHERSUMI.Mar 26||65.7||2.34||-0.26||28775000||VOLTAS.Mar 26||599.5||-7.19||-3.57||2509000|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Pidilite Industries Ltd||1480.6||-2.84||1162178||1650614||66.49||INDIA VIX||58.88||14.4||87012857|
|HDFC LIFE INSURANCE COMP||474.2||-6.5||4059856||4943452||62||Nifty Media||1226.05||-4.39||4.04E+08|
|TATA CONSUMER PRODUCTS||300.3||-7.39||3695163||4591456||61.81||Nifty Auto||5843.7||-5.47||84111632|
|Power Grid Corporation o||157.95||-5.93||22313960||15415522||61.42||Nifty FMCG||24707.65||-5.72||1065187|
|HDFC Ltd.||1841.75||-10.89||10672843||8509931||60.04||Nifty Energy||11017.45||-6||3732790|
|UltraTech Cement Limited||3518.05||-7.15||975878||807100||58.53||Nifty 50||9197.4||-7.61||53036152|
|Info Edge (India) Limite||2182.95||-4.78||257214||298645||56.83||Nifty IT||12451.35||-8.03||2767145|
|ITC Ltd.||147.25||-9.24||33255085||34828490||56.55||Nifty Bank||23101.15||-8.21||21129896|
|HDFC BANK LTD.||999.5||-6.57||15993174||18672328||56.29||Nifty Metal||1730.6||-9.08||2.8E+08|
Upcoming Economic Data
|•INR: FX Reserves, USD on 16th March ,2020||•USA: Core Retail Sales (MoM) (Feb)on 17th March,2020
•USA: Fed Interest Rate Decision on 18th March,2020
|•Bajaj Auto Ltd on Monday said it has launched its BS-VI range of commercial vehicles across brands — RE, Maxima and Maxima Cargo. The company has launched 14 BS-VI compliant products across the RE, Maxima and Maxima Cargo brands and thus has transitioned to BS-VI regime for the entire three-wheeler range, Bajaj Auto said in a statement. With the upgrade, the RE brand now comes with fuel injection (FI) technology in a 236 cc engine across three fuel options — CNG, LPG and petrol.
•YES Bank will be resuming full banking services from March 18th, from 6pm. In a tweet, the bank said its 1132 branches across India will also be open for its customers. It will resume full banking services from Wed, Mar 18, 2020, 18:00 hrs.
•Vodafone Idea on Monday said it has made an additional payment of Rs 3,354 crore towards adjusted gross revenue (AGR) to the Department of Telecom (DoT), thereby completing payment of principal amount calculated on self-assessment basis. With this fresh payment, Vodafone Idea (VIL) has paid Rs 6,854 crore towards AGR dues.
•Shares of RBL Bank plunged over 24 percent in intraday trade to hit their fresh all-time low of Rs 156.45 on BSE and looked on course to extend their losing run into the third consecutive session on March 16. The stock cracked due to fears that it could be the next lender to face a crisis after Yes Bank.
Source: Economic Times, Moneycontrol
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ADANIENT||Interim Dividend||17-Mar-20||VSTTILLERS||Interim Dividend||17-Mar-20|
|GRAPHITE||Interim Dividend||17-Mar-20||DIXON||Interim Dividend||18-Mar-20|
|KIRLOSIND||Interim Dividend||17-Mar-20||FORCEMOT||Interim Dividend||18-Mar-20|
|KOTAKBANK||Dividend on Preference Shares||17-Mar-20||HUDCO||Interim Dividend||18-Mar-20|
|MASTEK||Interim Dividend||17-Mar-20||LT||Interim Dividend||18-Mar-20|
|MIDEASTP||Preferential Issue of shares||17-Mar-20||NLCINDIA||General||18-Mar-20|
|MUTHOOTFIN||Interim Dividend;General||17-Mar-20||PEL||Interim Dividend||18-Mar-20|
|RBLBANK||Interim Dividend||17-Mar-20||PPAP||Interim Dividend||18-Mar-20|
|SHILGRAVQ||Interim Dividend||17-Mar-20||RPGLIFE||Interim Dividend||18-Mar-20|
|SUNPHARMA||Buy Back of Shares||17-Mar-20||SMSPHARMA||Interim Dividend||18-Mar-20|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|AIAENG||17-Mar-20||Interim Dividend – Rs. – 27.00||KTKBANK||17-Mar-20||Bonus issue 1:10|
|ARVINDFASN||17-Mar-20||Right Issue of Equity Shares||PRECAM||17-Mar-20||Interim Dividend – Rs. – 0.95|
|BALAMINES||17-Mar-20||Interim Dividend – Rs. – 2.60||RATNAMANI||17-Mar-20||Interim Dividend – Rs. – 12.00|
|BRIGHTBR||17-Mar-20||Interim Dividend – Rs. – 2.00||SANDUMA||17-Mar-20||Interim Dividend – Rs. – 5.00|
|DEEPAKSP||17-Mar-20||Interim Dividend – Rs. – 1.50||SASKEN||17-Mar-20||Interim Dividend – Rs. – 15.00|
|GODFRYPHLP||17-Mar-20||Interim Dividend – Rs. – 24.00||SASKEN||17-Mar-20||Special Dividend – Rs. – 35.00|
|GRNLAMIND||17-Mar-20||Interim Dividend – Rs. – 4.00||SUNCLAYLTD||17-Mar-20||Interim Dividend – Rs. – 31.00|
|HATSUN||17-Mar-20||Interim Dividend – Rs. – 2.00||TVSMOTOR||17-Mar-20||Interim Dividend – Rs. – 1.40|
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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