2020-03-19-Outlook

NIFTY:

The NIFTY is down another 425 points today making this a horrible week for traders, assuming that most traders are buyers. It is just three days into the week, and the index is already down about 1500 points, which is 15%.

 

For any meaningful trading to take place, this panic must stop. Markets can go down orderly even after the panic stops. But at least they become tradable.

We explained yesterday that options is a measure of panic in the market. While the markets have fallen significantly today, options volatility has also fallen. Perhaps this is an indication that the panic part of the decline may be becoming an end.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     HINDUNILVR 1923.80 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  1880 and for the target of  2000-2050.
      COALINDIA 145.05 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  152 and for  the target of  136.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
LT 900 PE BUY 55.90 CMP 30 120 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ONGC.Mar 26 61.5 2.67 59.23 96682100 SHREECEM.Mar 26 18152.1 -8.94 58.99 276650
JUSTDIAL.Mar 26 376.15 20.5 32.36 2868600 BANDHANBNK.Mar 26 217.1 -15.85 46.23 9424800
BEL.Mar 26 71.7 3.61 22.63 32088000 NTPC.Mar 26 81.85 -6.67 24.59 70915200
OIL.Mar 26 75 4.75 15.56 9918282 TITAN.Mar 26 919.35 -7.77 22.31 7967250
RBLBANK.Mar 26 161.2 1.38 11.51 17548500 NMDC.Mar 26 67 -8.97 22.26 33084000
                                                                        Short Covering                                                                              Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
YESBANK.Mar 26 60.75 15.28 -14.29 1.27E+08 IDEA.Mar 26 3.25 -33.67 -18.59 5.09E+08
NATIONALUM.Mar 26 30.4 0.5 -4.47 25763400 SAIL.Mar 26 26.6 -2.39 -7.87 48308900
SUNTV.Mar 26 323.95 -7.02 -3.83 5067600
GRASIM.Mar 26 524.95 -5.53 -3.68 25328250
SUNPHARMA.Mar 26 365.6 -0.72 -3.25 58212500

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 63.95 1.64 87639
TATA CONSULTANCY SERV LT 1658 -2.26 5713269 4974137 63.41 Nifty Media 1141 -1.05 87639
Infosys Limited 554.95 -4.84 16060126 11600859 60.61 Nifty Metal 1664.2 -2.7 87639
NTPC Limited 88.1 -2.97 21246111 20956877 60.48 Nifty IT 11753 -2.86 87639
TECH MAHINDRA LIMITED 595.45 -1.32 3333751 3924913 60.39 Nifty FMCG 24186.5 -2.98 87639
HDFC Ltd. 1755.8 -4.67 6682574 6416705 60.12 Nifty Pharma 6705.75 -3.92 87639
HDFC BANK LTD. 975.1 -2.44 21338641 9357160 58.51 Nifty Energy 10466.9 -4.5 87639
Kotak Mahindra Bank Limi 1322.7 -4.41 4821135 3796805 57.7 Nifty Auto 5516.5 -4.95 87639
Power Grid Corporation o 162 2.56 19946876 12871551 57.68 Nifty 50 8468.8 -5.56 87639
BRITANNIA IND LTD. 2686 -0.85 567266 451900 57.13 Nifty Bank 20580.2 -7.11 87639

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR:  FX Reserves, USD on 20th March ,2020 •USA: Existing Home Sales (Feb) on 20th  March,2020

•USA: New Home Sales (Feb) on 24th  March,2020

News Updates

•The Supreme Court said that telecom companies will have to pay interest and penalty as per its earlier judgment. The top court made it clear that it will not allow another round of litigation in the case and the companies will have to make the payments as per the directions of the court in the October judgement.

•Shares of IndusInd Bank cracked as much as 30 per cent in Wednesday’s trade following Supreme Court order to telcos, saying the self-assessment of AGR dues is violation of court order. The company clarification on rumours and speculation about the lender’s financial health did little to dispel investor fears. The bank has an exposure of Rs 3,995 crore to Vodafone Idea which is reeling under debt and statutory dues.

•Bajaj Auto Ltd. on Wednesday said its board has approved the re-appointment of Rajiv Bajaj as managing director and chief executive officer of the company. The approval was given in the board meeting held on Tuesday. “Rajiv Bajaj, Managing Director and CEO of the company, whose five-year term expires on March 31, 2020, has been re-appointed for a further period of five years with effect from April 1, 2020,” the company said in a filing to Bombay Stock Exchange.

•The Reserve Bank of India (RBI) announced it will purchase up to Rs 10,000 crore of Government of India dated securities via an open market operation (OMO) on March 20.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADANIGAS Interim Dividend 19-Mar-20 MOTOGENFIN General 19-Mar-20
AGIIL General;Interim Dividend 19-Mar-20 NTPC Dividend;Interim Dividend 19-Mar-20
ALANKIT General 19-Mar-20 PADAMCO General 19-Mar-20
AMBER Interim Dividend 19-Mar-20 PANTH General 19-Mar-20
CUB Interim Dividend 19-Mar-20 RUBBERPR General 19-Mar-20
EMAMILTD Buy Back of Shares;Interim Dividend 19-Mar-20 SOBHA General 19-Mar-20
GRSE Interim Dividend 19-Mar-20 VAIBHAVGBL Interim Dividend 19-Mar-20
MANAPPURAM General 19-Mar-20 WABCOINDIA Interim Dividend 19-Mar-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
20MICRONS 19-Mar-20 Interim Dividend – Rs. – 0.60 COALINDIA 19-Mar-20 Interim Dividend – Rs. – 12.00
AMARAJABAT 19-Mar-20 Interim Dividend – Rs. – 5.00 EICHERMOT 19-Mar-20 Interim Dividend – Rs. – 125.00
ANDHRSUGAR 19-Mar-20 Interim Dividend – Rs. – 20.00 ERIS 19-Mar-20 Interim Dividend – Rs. – 2.87
ASHOKLEY 19-Mar-20 Interim Dividend – Rs. – 0.50 EXCELINDUS 19-Mar-20 Interim Dividend – Rs. – 10.00
BEML 19-Mar-20 Interim Dividend – Rs. – 2.50 GRANULES 19-Mar-20 Buy Back of Shares
CEATLTD 19-Mar-20 Interim Dividend – Rs. – 12.00 IIFL 19-Mar-20 Interim Dividend – Rs. – 2.25
CIPLA 19-Mar-20 Interim Dividend – Rs. – 3.00 JKLAKSHMI 19-Mar-20 Interim Dividend – Rs. – 2.50
CIPLA 19-Mar-20 Special Dividend – Rs. – 1.00 JYOTHYLAB 19-Mar-20 Interim Dividend – Rs. – 3.00

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


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