outlook-18-02-2020

 

NIFTY:

The NIFTY today opened at 12131.80 with a minor gap up. For the third consecutive day, NIFTY has closed lower at 12045.80 down by 67 points. PSU BANKS were the worst hit today and closed lower by almost 3%.

Resistance Around 12200-12250

A resistance is now visible around 12200-12250 zones in NIFTY. On previous occasions, prices have respected the 11850-11950 zones multiple times and find support there. This zone may also act as a support this time as well.

VIEW

Buy on a dip towards 12000 with a stop just below 12070.

Sell on a  rally towards 12100 with a stop just above 12150.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     JUBLFOOD 1833.05 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  1809 and for the target of  1870.
      TVSMOTORS 430.45 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  441 and for  the target of  415.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
PVR 2100 CE BUY 35.50 CMP 24 56 OI Increase

 

Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MUTHOOTFIN.Feb 27 880.2 17.88 58.88 7819500 LICHSGFIN.Feb 27 382.1 -7.69 30.97 15091700
BALKRISIND.Feb 27 1266 9.71 37.18 2388000 IGL.Feb 27 468.9 -4.23 19.42 11770000
MINDTREE.Feb 27 986.95 2.9 15.81 955200 GLENMARK.Feb 27 311 -7.19 18.23 9142000
TORNTPHARM.Feb 27 2148.95 1.84 12.45 438000 IDEA.Feb 27 3.4 -1.45 13.31 4.8E+08
VOLTAS.Feb 27 697.6 1.34 6.65 3414000 ONGC.Feb 27 99.3 -3.87 11.14 91319300
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
KOTAKBANK.Feb 27 1698.8 0.72 -2.89 8777600 RAMCOCEM.Feb 27 783.9 -0.91 -3.75 1480000
AMARAJABAT.Feb 27 765.1 0.84 -2.59 1685600 GAIL.Feb 27 118 -4.1 -2.68 41797224
ZEEL.Feb 27 241 0.88 -2.13 28174100 IBULHSGFIN.Feb 27 308 -4.12 -1.45 17511600
UJJIVAN.Feb 27 389.15 0.79 -1.75 6215200 CANBK.Feb 27 175 -3.1 -1.18 19819800
ULTRACEMCO.Feb 27 4453.75 0.19 -1.36 2717800 JSWSTEEL.Feb 27 289.1 -0.36 -0.98 56989400

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 14.41 5.84 85914
Lupin Limited 717.65 2.03 1845960 1612474 68.43 Nifty IT 16647.7 0.03 85914
NTPC Limited 112.7 -2.13 23827224 14102479 67.46 Nifty Bank 30680.7 -0.5 85914
Petronet LNG Limited 260.8 -1.32 2662667 1547423 65.27 Nifty FMCG 30481.05 -0.54 85914
HDFC Ltd. 2401.75 -0.08 2611510 1481701 64.98 Nifty 50 12045.8 -0.56 85914
GAIL (India) Limited 122.55 -5.95 28720617 15772677 63.89 Nifty Auto 7770.5 -0.66 85917
HDFC BANK LTD. 1219.35 -1.78 7344429 2850913 62.57 Nifty Metal 2586.7 -1.03 85917
MARICO LIMITED 302.2 -0.4 2688377 974069 61.88 Nifty Media 1812.25 -1.11 85917
ITC Ltd. 207.7 -1.98 13731692 5580976 60.97 Nifty Pharma 8204.85 -1.52 85914
Hindustan Unilever Ltd 2255.05 -1.24 1728651 1779599 60.32 Nifty Energy 14816.45 -1.54 85914

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

•GAIL India on Monday said Manoj Jain has assumed charge as its Chairman and Managing Director..Before his appointment as CMD, Jain was Director (Business Development) of the company. Currently, Jain is also chairman of GAIL Global (USA) Inc. (GGUI), GAIL Global (USA) LNG LLC (GGULL) and Konkan LNG Pvt. Ltd (KLPL).

•The Supreme Court on Monday rejected Vodafone’s proposal to pay Rs 2,500 crore by end of the day and Rs 1,000 crore by Friday against adjusted gross revenue dues, while also refusing its plea that no coercive action be taken against it. Bharti Airtel on Monday said it has paid Rs 10,000 crore to the telecom department towards AGR dues.

•JSW Energy on Monday said it will buy GMR Energy Ltd’s 1,050 MW thermal power plant in Odisha for Rs 5,321 crore. In a regulatory filing, the company said it has signed share purchase agreement with GMR Energy Ltd for acquiring its subsidiary, GMR Kamalanga Energy Ltd, which owns and operates a 1,050 MW (3×350 MW) thermal power plant in Odisha, for Rs 5,321.

•Tata Elxsi on Monday announced partnership with group firm Tata Motors for developing a unified connected vehicle platform. The partnership will aid Tata Motors, which is in the process of offering connected vehicle feature as a key differentiator to most of its BS-VI range of passenger and commercial vehicles, the company said in a statement.

Source: Economic Times,  Moneycontrol  ,Business Today, Business Standard, Bloomberg Quin

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ABMKNO Interim Dividend;General 18-Feb-20 SILICON Voluntary Delisting of Shares 18-Feb-20
BERGEPAINT Interim Dividend 18-Feb-20 VITESSE Preferential Issue of shares 18-Feb-20
DRA General 18-Feb-20 ARL General 19-Feb-20
HBLPOWER Interim Dividend 18-Feb-20 INDAG Interim Dividend 19-Feb-20
KESORAMIND Preferential Issue;Rights Issue 18-Feb-20 INDOSOLAR Audited Results;Quarterly Results 19-Feb-20
MEGRISOFT General 18-Feb-20 JSGLEASING Quarterly Results 19-Feb-20
POLYMED Interim Dividend 18-Feb-20 KABRADG General 19-Feb-20
SALEM General 18-Feb-20 LUMAXTECH Interim Dividend;General 19-Feb-20
SBECSYS Quarterly Results 18-Feb-20 MASFIN Interim Dividend 19-Feb-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADVANIHOTR 18-Feb-20 Interim Dividend – Rs. – 1.10 DWARKESH 18-Feb-20 Interim Dividend – Rs. – 1.00
ALKYLAMINE 18-Feb-20 Interim Dividend – Rs. – 10.00 HITECHGEAR 18-Feb-20 Interim Dividend – Rs. – 1.50
AMRUTANJAN 18-Feb-20 Interim Dividend – Rs. – 1.55 HLEGLAS 18-Feb-20 Interim Dividend – Rs. – 2.00
BODALCHEM 18-Feb-20 Interim Dividend – Rs. – 0.80 INDNIPPON 18-Feb-20 Interim Dividend – Rs. – 3.00
CENTURYPLY 18-Feb-20 Interim Dividend – Rs. – 1.00 IPCALAB 18-Feb-20 Interim Dividend – Rs. – 5.00
CESC 18-Feb-20 Interim Dividend – Rs. – 20.00 KAJARIACER 18-Feb-20 Interim Dividend – Rs. – 3.00
CONCOR 18-Feb-20 Interim Dividend – Rs. – 0.75 MRF 18-Feb-20 Interim Dividend – Rs. – 3.00
DCMSRMIND 18-Feb-20 Interim Dividend – Rs. – 5.00 NATIONALUM 18-Feb-20 Interim Dividend – Rs. – 1.50

 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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