2020-03-18-Outlook

NIFTY:

Just another day in the market

It is become business as usual with the NIFTY falling almost every day. The enormous declines that we see are no longer surprising. Maybe, we have become immune.

The NIFTY fell more than 250 points, which would mean about 2.5% and should have been a remarkable day, except that yesterday we had a fall of 700 points. Today’s decline seemed less than average.

Possible trading range in the NIFTY

The NIFTY keeps on falling, together with all other world markets. But, we can start looking at the possibility of a trading range in the NIFTY. The range is between 8000 to 9000 zones.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     CADILAHC 254.05 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  245.50 and for the target of  270.
      JUBLFOOD 1328.70 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  1365 and for  the target of  1280.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INDIGO 960 PE BUY 119 CMP 80 200 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TVSMOTOR.Mar 26 379.3 4.45 12.91 4698000 UJJIVAN.Mar 26 208.45 -14.11 22.99 4683500
MRF.Mar 26 61940.1 1.72 11.62 21900 HDFCLIFE.Mar 26 465.95 -1.8 15.21 5697900
POWERGRID.Mar 26 160.4 1.62 11.36 53900000 INFY.Mar 26 558.25 -3.81 13.54 31940400
MINDTREE.Mar 26 776.1 0.36 10.01 1784800 BANKNIFTY.Mar 26 21946.3 -4.42 13.31 1301260
ASIANPAINT.Mar 26 1714.75 2.66 8.07 7363800 HDFCBANK.Mar 26 968 -2.38 12.4 34013000
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
YESBANK.Mar 26 53.95 74.88 -11.36 1.67E+08 IDEA.Mar 26 4.85 -15.65 -11.13 6.33E+08
CUMMINSIND.Mar 26 436.2 2.48 -3.28 1300500 MFSL.Mar 26 378.65 -5.16 -3.8 2271100
BEL.Mar 26 69.7 5.53 -3.26 26682000 RECLTD.Mar 26 93.75 -0.69 -2.79 18804000
TORNTPOWER.Mar 26 280.95 2.41 -2.51 2328000 NIFTYIT.Mar 26 12110 -2.26 -2.74 3550
NATIONALUM.Mar 26 30.25 2.37 -2.45 27986400 RAMCOCEM.Mar 26 606.2 -2.61 -2.1 784000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Godrej Cons Products Ltd 523.75 2.89 4342336 1904363 68.76 INDIA VIX 62.93 6.88 85467
TATA CONSULTANCY SERV LT 1658 -2.26 5713269 4974137 63.41 Nifty FMCG 24929.85 0.9 85467
Infosys Limited 554.95 -4.84 16060126 11600859 60.61 Nifty Pharma 6979.1 0.28 85467
NTPC Limited 88.1 -2.97 21246111 20956877 60.48 Nifty Energy 10960.3 -0.52 85467
TECH MAHINDRA LIMITED 595.45 -1.32 3333751 3924913 60.39 Nifty Auto 5803.85 -0.68 85467
HDFC Ltd. 1755.8 -4.67 6682574 6416705 60.12 Nifty Metal 1710.45 -1.16 85467
HDFC BANK LTD. 975.1 -2.44 21338641 9357160 58.51 Nifty 50 8967.05 -2.5 85464
Kotak Mahindra Bank Limi 1322.7 -4.41 4821135 3796805 57.7 Nifty IT 12099.25 -2.83 85467
Power Grid Corporation o 162 2.56 19946876 12871551 57.68 Nifty Bank 22155.15 -4.1 85467
BRITANNIA IND LTD. 2686 -0.85 567266 451900 57.13 Nifty Media 1153.15 -5.95 85467

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  FX Reserves, USD on 20th March ,2020 •USA: Core Retail Sales (MoM) (Feb)on 17th  March,2020

•USA: Crude Oil Inventories on 18th  March,2020

News Updates

•A day ahead of lifting moratorium on Yes Bank, the lender’s administrator Prashant Kumar addressed the media on Tuesday. Prashant Kumar said that the bank will be fully functional from Wednesday 6pm. He also urged Yes Bank depositors and said there was no need to withdraw money in panic. Addressing the media, Kumar said, “Complete normalcy will be restored at Yes bank from 6 pm tomorrow, March 18.”There is absolutely no issue on liquidity side from Yes Bank, all our ATMs are full of cash,” Kumar added.

•The Board of Directors of Sun Pharma approved the buyback of 4 crore shares of the company at Rs 425, a premium of 15.48 per cent from the last close. It represents 1.67 per cent of the total number of shares of the company. After the buyback, promoters will hold 55.61 per cent in the company, up from current 54.69 per cent. Public shareholding will come down to 44.39 per cent from current 45.31 per cent.

•Debt-laden Vodafone Idea Ltd. is the only telecom operator that stands to benefit from the government’s plea in the Supreme Court seeking permission to allow wireless carriers pay statutory dues worth thousands of crores over 20 years. Vodafone Idea which has so far deposited only Rs 6,854 crore, or 32 percent of its self-assessed dues will benefit from this plea if its self-assessment stands as the final amount to be paid.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ACEWIN General 18-Mar-20 AGIIL General;Interim Dividend 19-Mar-20
DIXON Interim Dividend 18-Mar-20 ALANKIT General 19-Mar-20
FORCEMOT Interim Dividend 18-Mar-20 AMBER Interim Dividend 19-Mar-20
HUDCO Interim Dividend 18-Mar-20 CUB Interim Dividend 19-Mar-20
LT Interim Dividend 18-Mar-20 EMAMILTD Buy Back of Shares;Interim Dividend 19-Mar-20
NLCINDIA General 18-Mar-20 GRSE Interim Dividend 19-Mar-20
PEL Interim Dividend 18-Mar-20 MANAPPURAM General 19-Mar-20
PPAP Interim Dividend 18-Mar-20 MOTOGENFIN General 19-Mar-20
RPGLIFE Interim Dividend 18-Mar-20 NTPC Dividend;Interim Dividend 19-Mar-20
SHK Interim Dividend 18-Mar-20 PADAMCO General 19-Mar-20
SMSPHARMA Interim Dividend 18-Mar-20 PANTH General 19-Mar-20
SUPREMEINF Quarterly Results 18-Mar-20 RIR General 19-Mar-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AKCAPIT 18-Mar-20 Interim Dividend – Rs. – 5.00 JENBURPH 18-Mar-20 Interim Dividend – Rs. – 8.10
ARNOLD 18-Mar-20 Consolidation of Shares KABRAEXTRU 18-Mar-20 Interim Dividend – Rs. – 1.50
ATUL 18-Mar-20 Interim Dividend – Rs. – 15.00 KIRLOSENG 18-Mar-20 Interim Dividend – Rs. – 4.00
BANCOINDIA 18-Mar-20 Interim Dividend – Rs. – 20.00 MENNPIS 18-Mar-20 Interim Dividend – Rs. – 0.45
ELGIEQUIP 18-Mar-20 Interim Dividend – Rs. – 1.65 NESCO 18-Mar-20 Interim Dividend – Rs. – 3.00
GESHIP 18-Mar-20 Interim Dividend – Rs. – 5.40 NOCIL 18-Mar-20 Interim Dividend – Rs. – 2.50
IOLCP 18-Mar-20 Interim Dividend – Rs. – 3.00 PERSISTENT 18-Mar-20 Interim Dividend – Rs. – 3.00
JAMNAAUTO 18-Mar-20 Interim Dividend – Rs. – 0.22 SISL 18-Mar-20 Interim Dividend – Rs. – 0.50

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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