NIFTY:
The Nifty opened at 14669.10 with a gap up of 67 points. The index first moved up and recorded its intraday high at 15051.60. Prices did not sustain there for long. Around 11:00 AM prices have started drifting downwards, fallen almost 150 points and recorded its intraday low at 14890.65. Prices then traded choppy and sideways for the rest of the day and finally closed at 14910.45 with a loss of 19.05 points. The IT and FMCG have performed well and closed higher while Banks and Financials have led the bears. It was a volatile day in the Nifty where prices have seen wild swings in both direction and finally ended near its previous day closing price. A sharp decline in the middle of the trading session has erased all the morning gains and the Nifty ended just a tad above 14900 support. A trading range inside 14900-15200 remained intact. A breakdown of this range will give us a target of 14600.
Short term trend remains sideways. The range is very narrow. We may see a breakout on either side.
BANK NIFTY:
Bank Nifty opened at 35352 with a gap up of 139 points. The index recorded its intraday high at 35405 and then started moving down. Prices have seen mild rallies in between but the overall environment was bearish. PSU and Private Banks have both seen a decline for the whole day and closed lower. In terms of points Bandhan Bank contributed highest while ICICI Bank the lowest. It was a choppy day where prices have seen a decline with minor rallies. These rallies were being used to add or take fresh short positions.
A trading range of 35000-36500 has broken on the downside and index closed well below the 35000 support. Now this support should act as a resistance in the Bank Index.
Trade AnyTime AnyWhere With Elite Empower Mobile App
TECHNICAL PICKS
COMPANY | CMP | B/S | RATIONALE |
ASIANPAINTS | 2468.60 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2435 and for the target 2520 |
HINDUNILVR | 2244.05 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2220 and for the target 2280 |
Get All Your Mutual Fund Portfolio Returns on Your Mobile by Elite Kuber App
DERIVATIVE PICKS
STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
L&TFH | 105 CE | BUY | 4.35 | CMP | 3 | 7 | OI increase |
Long Buildup | Short Buildup | |||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
MPHASIS.21.03 Mar | 1737.2 | 6.23 | 47.48 | 399750 | RAMCOCEM.21.03 Mar | 1001.55 | -1.07 | 12 | 1531700 | |
LALPATHLAB.21.03 Mar | 2553 | 5.52 | 24.18 | 188750 | VOLTAS.21.03 Mar | 1035.05 | -2.64 | 10.53 | 2877000 | |
COFORGE.21.03 Mar | 3000 | 5.67 | 20.58 | 527250 | BANKNIFTY.21.03 Mar | 34930 | -1.06 | 9.98 | 1470500 | |
LTI.21.03 Mar | 4143.95 | 1.02 | 16.78 | 289200 | IOC.21.03 Mar | 98.6 | -1.74 | 9.44 | 72663500 | |
APLLTD.21.03 Mar | 924.35 | 1 | 15.44 | 283800 | BAJAJ-AUTO.21.03 Mar | 3669.05 | -0.33 | 6.82 | 2329250 | |
Short Covering | Long Unwinding | |||||||||
Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
L&TFH.21.03 Mar | 106.35 | 3 | -6.75 | 27004024 | FINNIFTYW.21.03 Mar | 16231.7 | -0.69 | -3.39 | 4560 | |
NIFTY.21.03 Mar | 14974.5 | 0.04 | -3.94 | 10751775 | GAIL.21.03 Mar | 141.4 | -0.28 | -2.01 | 29151900 | |
MANAPPURAM.21.03 Mar | 164.4 | 1.99 | -3.59 | 18990000 | SBIN.21.03 Mar | 379.5 | -1.54 | -1.43 | 83877000 | |
PFC.21.03 Mar | 139.4 | 1.49 | -3.04 | 33610200 | BHEL.21.03 Mar | 54 | -2.35 | -1.37 | 99561000 | |
DRREDDY.21.03 Mar | 4462 | 2.25 | -2.65 | 3477125 | HDFCBANK.21.03 Mar | 1522.95 | -0.82 | -1.28 | 23205600 |
Top Delivery Percentage
Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
Sectors | Price | Change % | Quantity | |||||||
Itc Ltd. | 207.85 | 1.17 | 48763187 | 25130483 | 61.12 | Nifty it | 26363.85 | 1.27 | 76725 | |
Petronet Lng Limited | 236.8 | -1.13 | 3677162 | 2017035 | 59.54 | Nifty Fmcg | 33351.75 | 0.89 | 76725 | |
Hindustan Unilever Ltd | 2244.05 | 1.5 | 2633605 | 956410 | 58.6 | Nifty Auto | 10350.8 | 0.15 | 76725 | |
Max Financial Services l | 875.9 | -1.98 | 735304 | 686688 | 57.51 | Nifty Media | 1689.25 | -0.08 | 76725 | |
Icici Prudential Life In | 443.9 | -1.41 | 1879451 | 4611517 | 55.52 | Nifty Pharma | 12013 | -0.1 | 76725 | |
Infosys Limited | 1384 | 0.76 | 9352771 | 3687770 | 55.38 | Nifty 50 | 14910.45 | -0.13 | 76725 | |
Hdfc Ltd. | 2510.4 | -0.99 | 2446483 | 1595346 | 54.91 | Nifty Energy | 19293.2 | -0.15 | 76725 | |
Tata Consultancy Serv Lt | 3110.05 | 1.43 | 4894756 | 1677136 | 54.15 | Nifty Realty | 346 | -0.56 | 76725 | |
Tata Consumer Products l | 610.65 | 0.49 | 2480801 | 1456199 | 52.65 | Nifty Metal | 3847.25 | -0.85 | 76725 | |
Divi S Laboratories Limi | 3378.25 | -0.96 | 793917 | 428682 | 51.38 | Nifty Bank | 34804.6 | -1.07 | 76725 |
Upcoming Economic Data
Domestic International | |
INR: FX Reserves, USD on 19th March, 2021 | •USD : Building Permits (Feb) on 17th March, 2021
•USD: Crude Oil Inventories on 17th March, 2021 |
Get Stock Market Recommendation By Our Research Analysts
News Updates
•Godrej Properties has got Rs 3,750 crore through the largest qualified institutional placement (QIP) of shares by a real estate company in India, said the Mumbai-based group on Tuesday. The QIP, which launched on March 9 and closed March 15, was set at Rs 1450 per share. It saw a strong mix of investors, with nearly 90 per cent of the book going to” long-only” investors.
•Drug firm Gland Pharma on Tuesday said it has entered into an agreement with the Russian Direct Investment Fund (RDIF) to supply up to 252 million doses of Sputnik V COVID-19 vaccine. The company “will be leveraging its manufacturing capabilities for the production of Sputnik V COVID-19 vaccine,” Gland Pharma said in a regulatory filing. •CEAT Tyres is looking to double the number of standalone retail outlets in the next two years as it seeks to ride on the burgeoning demand for personal mobility in smaller towns and cities, the company’s top official said. •Emami Agrotech – which has just entered the soya chunks segment – is eyeing 10-15 per cent of the West Bengal market in the next 2-3 years. Announcing the launch of soya chunks, which marks the entry of the company in the processed foods category, Krishna Mohan, director, Emami Agrotech, said, “West Bengal is the largest market for soya chunks and is estimated to account for more than one-third of national consumption.” Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint |
Open Your Demat Account to Invest in Upcoming IPO’s
Board Meetings
Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
AUTOLITIND | Preferential Issue of shares; Results | 17-Mar-21 | RIDDHI | General | 17-Mar-21 |
BALPHARMA | General;Preferential Issue of shares | 17-Mar-21 | SOMANYCERA | Interim Dividend | 17-Mar-21 |
DLF | General | 17-Mar-21 | SUCROSA | General | 17-Mar-21 |
EMERALL | General;Stock Split | 17-Mar-21 | TOWERINFRA | General | 17-Mar-21 |
GOTHIPL | Interim Dividend;General | 17-Mar-21 | ARVSMART | Preferential Issue of shares | 18-Mar-21 |
INTSTOIL | General | 17-Mar-21 | COASTCORP | Issue Of Warrants | 18-Mar-21 |
JTLINFRA | Issue Of Warrants | 17-Mar-21 | GOCLCORP | General | 18-Mar-21 |
JYOTISTRUC | Audited Results;Quarterly Results | 17-Mar-21 | HUDCO | Interim Dividend | 18-Mar-21 |
PHOTOQUP | General | 17-Mar-21 | KWALITY | Quarterly Results | 18-Mar-21 |
QUANTDIA | A.G.M.;General | 17-Mar-21 | SMRUTHIORG | Bonus issue;General | 18-Mar-21 |
Corporate Action
Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
COMCL | 17-Mar-21 | E.G.M. | DIXON | 18-Mar-21 | Stock Split From Rs.10/- to Rs.2/- |
KIRLOSENG | 17-Mar-21 | Interim Dividend – Rs. – 1.50 | ENGINERSIN | 18-Mar-21 | Interim Dividend – Rs. – 1.40 |
MANVIJAY | 17-Mar-21 | Stock Split From Rs.10/- to Rs.1/- | ICICIGI | 18-Mar-21 | Interim Dividend – Rs. – 4.00 |
PARVATI | 17-Mar-21 | E.G.M. | IIFLSEC | 18-Mar-21 | Interim Dividend – Rs. – 1.00 |
ASTRAL | 18-Mar-21 | Bonus issue 1:3 | INFIBEAM | 18-Mar-21 | Bonus issue 1:1 |
BDL | 18-Mar-21 | Interim Dividend – Rs. – 6.70 | RECLTD | 18-Mar-21 | Interim Dividend – Rs. – 5.00 |
Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014
Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to www.elitewealth.in. Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Disclosure Appendix
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, suhail@elitewealth.in
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
Research Excerpts
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit www.elitewealth.in.Company-Specific Disclosures Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in , or e-mailing research@elitestock.com with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail research@elitestock.com.Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at https://www.elitewealth.in
Other Disclosures
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person. Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, advisory board member or employee of any company in the analyst’s area of coverage. Country Specific Disclosures India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in
EWL Advisory discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
1. Reports
a) EWL Advisory or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL Advisory or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL Advisory or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
2. Compensation
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL Advisory or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL Advisory or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL Advisory or its associates have not received any compensation for products or services other than investment banking
or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL Advisory or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL Advisory
Provided that research analyst or research entity shall not be required to make a disclosure as per sub-clauses (c), (d) and (e) of clause (ii) or sub-clauses (a) and (b) of clause (iii) to the extent such disclosure would reveal material non-public information regarding specific potential future investment banking or merchant banking or brokerage services transactions of the subject company.
(4) EWL Advisory or its proprietor has never served as an officer, director or employee of the subject company;
(5) EWL Advisory has never been engaged in market making activity for the subject company;
(6) EWL Advisory shall provide all other disclosures in research report and public appearance as specified by the Board under any other regulations.