The NIFTY had an eventful week, finally closing the week at 11885, which was actually just slightly lower then last week’s close. Friday was a fairly choppy and volatile day. There were bits of news that came in during trading hours which pushed the markets up. As often happens with news, the rally was not sustained. At the end of the day, NIFTY gave up all its intraday gains to close almost unchanged.
Is there a message in the intraday losses?
We would think that higher levels are being rejected by the markets at least for now. This is the larger message. Yet, the NIFTY continues to remain above 11850 which is support level. All said and done, the NIFTY continues to remain inside a trading range with support at 11850 and resistance at 12000. Trading inside this range is likely to be painful and unprofitable. Go short below 11850, go long above 12000- this is the larger trade.
Sell on a rally towards 11960 with a stop just above 12000.
Sell on breakdown below 11850 with a stop just above 11880.
|HDFC||2224.05||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 1105 and for the target of 2260.|
|ASIANPAINT||1760.70||SELL||The immediate trend of the stock is week . The stock can be sell with a stop loss of 1772 and for the target of 1736.|
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|AUROPHARMA||410 PE||BUY||14.95||CMP||9||24-27||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|CHOLAFIN.Nov 28||326.3||5.94||21.38||4740000||SIEMENS.Nov 28||1573.45||-2.46||15.44||1928300|
|IDEA.Nov 28||3.7||25.42||15.68||632380000||INDIGO.Nov 28||1466.15||-3.36||5.95||3274500|
|BHARTIARTL.Nov 28||393.45||8.09||15.61||38926530||INDUSINDBK.Nov 28||1364.05||-1.12||4.79||11062000|
|SBIN.Nov 28||323.1||5.21||13.48||100374000||IOC.Nov 28||132||-3.72||4.53||33211500|
|CANBK.Nov 28||206.05||2.77||11.34||13966000||HEROMOTOCO.Nov 28||2549.8||-1.89||4.11||3473000|
|Short Covering||Long unwinding|
|BANKINDIA.Nov 28||69.55||4.82||-6.41||19350000||JUSTDIAL.Nov 28||505.25||-2.03||-6.74||3410400|
|HEXAWARE.Nov 28||336.7||0.6||-6.25||1395000||PIDILITIND.Nov 28||1321.2||-1.63||-5.21||3494500|
|SUNTV.Nov 28||488.85||0.03||-6.06||2912000||MUTHOOTFIN.Nov 28||703.9||-1.38||-4.45||3223500|
|AUROPHARMA.Nov 28||410.15||3.76||-5.33||19003000||UBL.Nov 28||1246.6||-0.13||-3.99||1750000|
|BHARATFORG.Nov 28||438.9||1.41||-5.05||7576800||AMARAJABAT.Nov 28||742.3||-0.09||-3.29||1563800|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Power Grid Corporation o||187.65||-0.19||10269025||8382987||76.9||Nifty Pharma||7720.6||1.7||50705735|
|Hindustan Unilever Ltd||2057.7||-0.55||958290||961430||74.46||Nifty Bank||31008.4||0.84||12597691|
|Petronet LNG Limited||277.95||0.6||3235494||2184869||71.63||Nifty Media||1801||0.51||216669923|
|Colgate Palmolive (India||1578.9||2.05||806638||394269||65.58||Nifty 50||11895.45||0.2||32795196|
|Dr. Reddys Lab Ltd||2730.8||-0.12||378845||408003||62.91||Nifty Energy||15856.65||-0.3||1286034|
|MARICO LIMITED||356.35||-0.06||2293732||2347825||62.8||Nifty Metal||2498.8||-0.31||155718625|
|CONTAINER CORP OF INDIA||570.7||-0.82||1025774||455609||59.07||Nifty Auto||8153.9||-0.45||47567938|
|United Breweries Limited||1247.95||-0.18||254708||176626||58.32||Nifty FMCG||31289.7||-0.48||412325|
|Siemens Ltd||1575.8||-2.28||995367||322063||55.27||Nifty IT||15310.6||-0.51||1091166|
|TECH MAHINDRA LIMITED||751.95||-0.84||1787358||1406786||54.86||INDIA VIX||15.03||-3.96||254776075|
UPCOMING ECONOMIC DATA
|•INR: M3 Money Supply on 20h November 2019
•INR: Bank Loan Growth on 22th November 2019
|•USA: Building Permits (Oct) on 19th November 2019
•USA: Crude Oil Inventories on 20th November 2019
The Supreme Court on Friday paved the way for global steel giant ArcelorMittal to take over Essar Steel by upholding the primacy of financial creditors in the distribution of funds received under the corporate insolvency scheme.In a major judgement that will help facilitate the biggest takeover of bad debts in Indian corporate history, the court also said that the committee of creditors (CoC) will have a final say in the resolution plans under the Insolvency and Bankruptcy Code.
Anil Ambani has resigned from his position as director of Reliance Communications, along with four others, even as the bankrupt carriers nears the sale of its assets under the process of insolvency.Chhaya Virani, Ryna Karani, Manjari Kacker and Suresh Rangachar have also resigned from positions of directors, the company said in a notice to the Bombay Stock Exchange on Saturday.
In an open house held by the Telecom Regulation Authority of India (TRAI), Airtel and Vodafone were the only telecom operators opposed to ending Interconnect Usage Charge (IUC). BSNL, MTNL and Jio were among the 155 participants who attended to discuss the January 1, 2020 date for the Bill and Keep (BAK) regime.
A court here on Friday sent former Fortis Healthcare promoter Malvinder Singh and former CMD of Religare Enterprises Ltd Sunil Godhwani to ED custody till November 18 in a money laundering case related to alleged misappropriation of funds of Religare Finvest Ltd (RFL).
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ARIHCAPM||Quarterly Results||16-Nov-19||ANSALHSG||Quarterly Results||20-Nov-19|
|SYNCOM||Quarterly Results||16-Nov-19||SPENTEX||Quarterly Results||20-Nov-19|
|ALEXANDER||Quarterly Results||18-Nov-19||STDSHOE||Quarterly Results||20-Nov-19|
|AMTEKAUTO||Quarterly Results||18-Nov-19||TCFCFINQ||Quarterly Results||20-Nov-19|
|FRONTIER||Preferential Issue of shares;General||18-Nov-19||INDSUCR||Quarterly Results||21-Nov-19|
|GUJAPOLLO||Quarterly Results||18-Nov-19||JBFIND||Quarterly Results||21-Nov-19|
|JMTAUTOLTD||Quarterly Results||18-Nov-19||JCTLTD||Quarterly Results||21-Nov-19|
|MYSPAPE||Quarterly Results||18-Nov-19||KHAITANLTD||Quarterly Results||21-Nov-19|
|OKPLA||Quarterly Results||18-Nov-19||KWALITY||Quarterly Results||21-Nov-19|
|IL&FSENGG||Audited Results||19-Nov-19||MOHITE||Quarterly Results||21-Nov-19|
|MELSTAR||Quarterly Results||19-Nov-19||OPTOCIRCUI||Quarterly Results||21-Nov-19|
|SIEMENS||Dividend;Audited Results||19-Nov-19||PREMPIPES||Quarterly Results||21-Nov-19|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|EXIDEIND||18-Nov-19||Interim Dividend – Rs. – 1.6000||ADFFOODS||20-Nov-19||Interim Dividend – Rs. – 1.5000|
|GILLETTE||18-Nov-19||Final Dividend – Rs. – 25.0000||BHARATFORG||20-Nov-19||Interim Dividend – Rs. – 1.5000|
|IBULHSGFIN||18-Nov-19||Interim Dividend – Rs. – 7.0000||CONART||20-Nov-19||Interim Dividend – Rs. – 1.0000|
|AMBER||19-Nov-19||Interim Dividend – Rs. – 1.6000||INDTONER||20-Nov-19||Interim Dividend – Rs. – 3.0000|
|CARERATING||19-Nov-19||Interim Dividend – Rs. – 8.0000||INGERRAND||20-Nov-19||Interim Dividend – Rs. – 3.0000|
|ESSELPRO||19-Nov-19||Interim Dividend – Rs. – 1.2500||LALPATHLAB||20-Nov-19||Interim Dividend – Rs. – 6.0000|
|INDOSTAR||19-Nov-19||Interim Dividend – Rs. – 1.0000||MANAKSIA||20-Nov-19||Interim Dividend – Rs. – 3.0000|
|MANAPPURAM||19-Nov-19||Interim Dividend – Rs. – 0.5500||NAVNETEDUL||20-Nov-19||Interim Dividend – Rs. – 2.5000|
|PGHH||19-Nov-19||Final Dividend – Rs. – 48.0000||NILKAMAL||20-Nov-19||Interim Dividend – Rs. – 5.0000|
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