2020-02-19-Outlook

NIFTY:

The NIFTY had a tumble today morning, going all the way down to 11900. Late afternoon, the markets staged a handsome rally, taking the index up more then 100 points from the intraday low. Thanks to this rally the index closed only with modest losses.

It is possible that the index may now have created a support and resistance zone for itself. Support for the NIFTY colud be identified around 11950. Resistance will almost certainly come at higher levels, currently identified around 12250. These are tentative levels. But at least we now have some numbers to work with. If 11950 are held tomorrow, we can then expect a slow and steady rally towards higher levels. This means that the NIFTY has now become a buy on dips opportunity, for short term.

VIEW:

Buy on a dip towards 11950 with a stop just below 11920.

Buy on a breakout above 12050 with a stop just below 12020.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     MANAPPURAM 170.55 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  166.50 and for the target of  175.
      ADANIENT 248.90 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  251 and for  the target of  243-240.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
ESCORTS 900 CE BUY 20.50 CMP 12.50 40 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MFSL.Feb 27 502.5 2.23 9.76 6537700 YESBANK.Feb 27 31.25 -13.07 27.48 301998400
OIL.Feb 27 133.35 3.09 9.15 13497429 BALKRISIND.Feb 27 1225.7 -3.18 15.93 2148800
NTPC.Feb 27 111.35 0.72 9.02 134155200 LICHSGFIN.Feb 27 364.25 -4.45 14.88 15343900
SRF.Feb 27 4182.95 0.34 7.84 880750 IDEA.Feb 27 3.05 -11.59 12.67 534982000
IOC.Feb 27 113.25 1.34 7.12 46816000 INFRATEL.Feb 27 208.4 -10.67 11.88 16404000
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
CADILAHC.Feb 27 267.5 0.56 -2.88 7341400 NCC.Feb 27 41.6 -2.69 -8.49 46665000
PNB.Feb 27 52.45 0.96 -2.72 1.2E+08 MUTHOOTFIN.Feb 27 867.5 -0.77 -6.16 5919000
GAIL.Feb 27 119.9 1.4 -1.52 39748968 JSWSTEEL.Feb 27 284.9 -1.44 -2.75 54728500
NIFTYIT.Feb 27 16676 0.07 -1.28 7700 BAJFINANCE.Feb 27 4781 -0.23 -2.15 5371750
CIPLA.Feb 27 437.35 1 -1.27 14966100 L&TFH.Feb 27 122.5 -1.41 -1.95 20860000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
ITC Ltd. 203.85 -0.46 20934864 11259627 72.35 Nifty Media 1845.9 1.86 82749
Petronet LNG Limited 259.95 1.62 2789199 1101940 64.31 INDIA VIX 14.51 0.62 82752
Larsen & Toubro Limited 1286.35 0.48 2347917 1360987 63.15 Nifty IT 16748.75 0.61 82752
Power Grid Corporation o 185 0.76 17369937 6243795 62.82 Nifty Pharma 8198.3 -0.08 82752
HCL Technologies Ltd. 607.05 -1.04 5237465 1371469 62.61 Nifty Energy 14789.85 -0.18 82752
HDFC Ltd. 2318.8 -1.34 2345063 1474533 61.48 Nifty Bank 30562.5 -0.39 82752
NESTLEIND 16403.85 -1.11 90013 85822 61.39 Nifty FMCG 30360.6 -0.4 82752
Dabur India Ltd. 504.55 0.72 2041114 818392 61.23 Nifty 50 11992.5 -0.44 82749
HDFC BANK LTD. 1213.25 -0.32 5264558 3075780 60.59 Nifty Auto 7692.3 -1.01 82749
Godrej Cons Products Ltd 620.75 -0.8 993432 605363 60.15 Nifty Metal 2556.05 -1.18 82749

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

•Amid talks of the government encashing its bank guarantee over default in payment of dues, Vodafone Idea Chairman Kumar Mangalam Birla met Telecom Secretary Anshu Prakash on Tuesday as he looked for options to keep the company afloat. After the meeting, Birla said he “cannot say anything at the moment.”

•The Calcutta High Court has directed the Reserve Bank of India (RBI) to contemplate taking suitable steps against the Bank of Baroda (BoB) such as cancelling its licence for failing to honour a bank guarantee furnished by a third party to Indian Oil Corporation Ltd (IOCL).

•Energy Efficiency Services Ltd (EESL) on Tuesday said it has signed a memorandum of understanding with Bharat Sanchar Nigam Ltd (BSNL) for installation of 1,000 public charging stations for electric vehicles. EESL will make the entire upfront investment on the services pertaining to the MoU, along with the operation and maintenance of the charging infrastructure by using qualified personnel.

•Maruti Suzuki India (MSI) on Tuesday launched BS-VI compliant version of its premium compact car Ignis priced between Rs 4.89-7.19 lakh (ex-showroom Delhi). The new Ignis is powered by 1.2 litre petrol engine and comes with manual and Auto Gear Shift (AGS) transmission options.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ARL General 19-Feb-20 BARTRONICS A.G.M.;General 20-Feb-20
BMAL General 19-Feb-20 BFINVEST Quarterly Results 20-Feb-20
INDAG Interim Dividend 19-Feb-20 CIL Quarterly Results 20-Feb-20
INDOSOLAR Audited Results;Quarterly Results 19-Feb-20 GDL Interim Dividend 20-Feb-20
JSGLEASING Quarterly Results 19-Feb-20 JBCHEPHARM Interim Dividend 20-Feb-20
KABRADG General 19-Feb-20 LLOYDSME General 20-Feb-20
LUMAXTECH Interim Dividend;General 19-Feb-20 MRSS General 20-Feb-20
MASFIN Interim Dividend 19-Feb-20 QUEST General 20-Feb-20
NIITLTD Interim Dividend 19-Feb-20 REDINGTON Interim Dividend 20-Feb-20
A2ZINFRA Quarterly Results 20-Feb-20 SIS Interim Dividend 20-Feb-20
AMBUJACEM Audited Results;Final Dividend 20-Feb-20 TITAANIUM Preferential Issue of shares 20-Feb-20
AMTEKAUTO Quarterly Results 20-Feb-20 TRIDENT Interim Dividend 20-Feb-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
CARERATING 20-Feb-20 Interim Dividend – Rs. – 6.00 AARTIIND 24-Feb-20 Interim Dividend – Rs. – 2.50
COSMOFILMS 20-Feb-20 Interim Dividend – Rs. – 15.00 APCOTEXIND 24-Feb-20 Interim Dividend – Rs. – 3.00
DAAWAT 20-Feb-20 Interim Dividend – Rs. – 0.50 AVTNPL 24-Feb-20 Interim Dividend – Rs. – 0.25
HGS 20-Feb-20 Interim Dividend – Rs. – 15.00 BALAJITELE 24-Feb-20 Interim Dividend – Rs. – 0.40
IRCON 20-Feb-20 Interim Dividend – Rs. – 13.45 BALKRISIND 24-Feb-20 Interim Dividend – Rs. – 16.00
MAZDALTD 20-Feb-20 Interim Dividend – Rs. – 7.50 BDL 24-Feb-20 Interim Dividend – Rs. – 6.25
OIL 20-Feb-20 Interim Dividend – Rs. – 9.00 GOLDIAM 24-Feb-20 Interim Dividend – Rs. – 3.00
SELAN 20-Feb-20 Interim Dividend – Rs. – 5.00 IRCTC 24-Feb-20 Interim Dividend – Rs. – 10.00

 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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