outlook-2019-11-16

 

NIFTY:

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.

VIEW:

Sell on a rally towards 11960 with a stop just above 12000.

Sell on breakdown below 11850 with a stop just above 11880.

 

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     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.

 

DERIVATIVE PICKS

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
Sector Price Price% OI% OI Sector Price Price% OI% OI
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
Sectors Price Change % Quantity
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

   Domestic                                                                                                                                                  International
•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

 

NEWS UPDATES

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).

BOARD MEETINGS

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
INDSILHYD General 19-Nov-19 MUDRA 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

 

Corporate Action

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