The Nifty opened at 15238.70 with a gap up of 30 points. The index initially traded very narrow and sideways for the first two hours of trading. Around 11:00 AM, the index begins to fall down. Prices have seen an intraday decline of almost 150 points and recorded its intraday low at 15078.05. The index again traded sideways towards the end of the day’s trading session and finally closed at 15118.95 with a loss of 89.95 points. The IT and Metal sector has performed well and closed higher by almost 1.30% while all other sectoral indices have closed lower. The Nifty continued moving down for the third consecutive trading days and the index went below 15100 but closed just a tad above. Yesterday we have mentioned that the Nifty has come back inside its previous trading range with boundaries 15050 as support as 15250 ass resistance. The Nifty continued moving within these levels and closed near the support levels of this range. If Nifty closes below 15050 support then we will wait for prices to find support and then look for a buying opportunity. If the Nifty breaks and closes above 15250 then we will try to take a long trade at the same time. We should wait for either of these scenarios to be visible to take carry forward trades.
Bank Nifty opened at 37088.75 with a gap up of 224 points. The index recorded its intraday high at 37108.75 within the first few minutes of trading and then continued moving on the downside for the whole day. Prices have fallen more than 700 points and recorded its intraday low at 36367.45. The index finally closed at 36587. PSU Banks have continued to outperform and closed higher by 5.60% while Private Banks have closed lower by 1.13%. Within the index in terms of points Bank Baroda contributed highest while HDFC Bank the lowest. It was a trend day on the downside in the Bank Index where intraday high was near the opening and low near the close. Yesterday we have mentioned support around 36000. Last three days of decline have brought prices near this support level.
Trade AnyTime AnyWhere With Elite Empower Mobile App
|L&TFH||101.90||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 100 and for the target 105|
|PNB||43.8||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 41 and for the target 47|
Get All Your Mutual Fund Portfolio Returns on Your Mobile by Elite Kuber App
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|TECHM||1010 CE||BUY||26||CMP||20||35||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ONGC.21.02 Feb||110.15||7.62||22.27||58427600||ICICIBANK.21.02 Feb||644.9||-2.18||16||121598125|
|COFORGE.21.02 Feb||2617.3||1.32||13.78||430500||BANKNIFTY.21.02 Feb||36608.05||-1||10.1||1693025|
|NTPC.21.02 Feb||103.55||3.86||12.11||84057900||CUMMINSIND.21.02 Feb||773.75||-2.09||9.94||1539600|
|ADANIENT.21.02 Feb||814.95||3.48||10.52||17244000||ASHOKLEY.21.02 Feb||129.4||-2.3||8.17||43362000|
|BHEL.21.02 Feb||42.75||6.34||10.36||123249000||M&MFIN.21.02 Feb||215||-0.65||6.37||15756000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|PNB.21.02 Feb||44||5.26||-8.89||158480000||FINNIFTYW.21.02 Feb||16999.5||-1.6||-76.26||4520|
|CONCOR.21.02 Feb||557.45||2.61||-2.21||6009735||LALPATHLAB.21.02 Feb||2491||-4.31||-6.83||143250|
|SAIL.21.02 Feb||66.95||3.56||-2.2||97850000||MFSL.21.02 Feb||870.5||-0.01||-4.72||3646500|
|MINDTREE.21.02 Feb||1708.1||1.74||-1.13||1398400||APOLLOTYRE.21.02 Feb||236.25||-2.64||-4||17160000|
|NMDC.21.02 Feb||120.15||2.74||-0.96||46243400||MOTHERSUMI.21.02 Feb||220.8||-3.22||-1.78||31738000|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Petronet Lng Limited||246.1||2.41||13992508||4934932||73.01||Nifty Energy||18770.65||2.54||90933|
|Indus Towers Limited||259.65||1.21||8439925||11131339||72.97||Nifty it||25618.55||1.33||90933|
|Hindustan Unilever Ltd||2146.85||-0.79||3205806||1468089||59.97||Nifty Metal||3623.05||1.31||90933|
|Dabur India Ltd.||520.05||0||3416920||1443086||59.22||Nifty Fmcg||33373.9||-0.43||90933|
|Torrent Pharma Ltd.||2521.2||-0.67||333066||186069||57.78||Nifty Realty||352.65||-0.52||90933|
|Britannia Ind Ltd.||3359.45||-0.14||616156||487023||56.2||Nifty Pharma||12517.5||-0.53||90933|
|Bharti Airtel Limited||589.05||-0.81||21784559||8755001||54.27||Nifty 50||15118.95||-0.59||90933|
|Berger Paints (i) Ltd||758.7||0.86||1502166||515112||51.19||Nifty Media||1692.2||-0.77||90933|
|Kotak Mahindra Bank Limi||1945.45||-2.21||3538208||2241551||51||Nifty Bank||36587||-0.88||90933|
|Hdfc Ltd.||2745.15||-2.15||2937262||1410603||49.07||Nifty Auto||10827||-1.35||90933|
Get Stock Market Recommendation By Our Research Analysts
Upcoming Economic Data
|INR: Infrastructure Output YoY (Jan) on 26th February, 2021
INR: GDP Quarterly (YoY) (Q3) on 26th February, 2021
|•USD : Manufacturing PMI (Feb) on 19th February, 2021
•USD : Existing Home Sales (Jan) on 19th February, 2021
|•The construction arm of L&T has secured an order in the range of Rs 1,000-2,500 crore to construct the Main Plant Civil Works of the Kudankulam 5 and 6 units. The Kudankulam Nuclear Power Plant is India’s first Light Water Reactor (LWR) of 6 units with a generation capacity of 1,000 MWe (megawatt electrical) each.
•Nestle wants to keep growing organic sales towards a mid-single-digit rate this year, the food giant said on Thursday, after strong demand for pet food and health products in the Americas helped its growth outshine peers last year.
•Demand for air travel continued to grow during the month of January 2021 on the back of capacity addition by airlines and increase in the number of people taking flights, as the number of coronavirus cases declined in the country. Indian airlines registered an increase of 5.5% in passenger numbers during the month of January over December last year.
•NTPC on Thursday announced that unit-2 of its Gadarwara Super Thermal Power Station with 800 megawatt (MW) capacity, in Madhya Pradesh has been included in its installed electricity generation capacity. With this, the 1,600 MW Gadarwara Super Thermal Power Station (2 x 800 MW) has become fully operational. The Unit-1 of the project was synchronised in early 2019.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ASIANTNE||Quarterly Results||19-Feb-21||SUNEDISON||Quarterly Results||19-Feb-21|
|BINANIIND||Quarterly Results||19-Feb-21||UDL||Quarterly Results||19-Feb-21|
|BUTTERFLY||Interim Dividend||19-Feb-21||UNIPLY||Quarterly Results||19-Feb-21|
|CHROMATIC||Quarterly Results||19-Feb-21||UNIWSEC||Quarterly Results||19-Feb-21|
|CYBERMEDIA||General;Preferential Issue of shares||19-Feb-21||BHAGYAPROP||Voluntary Delisting of Shares||20-Feb-21|
|EASTWEST||Bonus issue;General;Stock Split||19-Feb-21||CLFL||Quarterly Results||20-Feb-21|
|MAHINDCIE||Audited Results||19-Feb-21||JUMPNET||General;Quarterly Results||20-Feb-21|
|SOTL||Buy Back of Shares||19-Feb-21||RELTD||General;Preferential Issue of shares||20-Feb-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|AUROPHARMA||22-Feb-21||Interim Dividend – Rs. – 1.50||SELAN||22-Feb-21||Interim Dividend – Rs. – 5.00|
|DCMSRMIND||22-Feb-21||Interim Dividend – Rs. – 5.00||SHANTIGEAR||22-Feb-21||Interim Dividend – Rs. – 1.50|
|GOLDIAM||22-Feb-21||Interim Dividend – Rs. – 2.00||TIINDIA||22-Feb-21||Interim Dividend – Rs. – 2.00|
|ITC||22-Feb-21||Interim Dividend – Rs. – 5.00||COCHINSHIP||23-Feb-21||Interim Dividend – Rs. – 4.00|
|MAZDOCK||22-Feb-21||Interim Dividend – Rs. – 5.4100||IRCON||23-Feb-21||Interim Dividend – Rs. – 1.30|
|MERCURYLAB||22-Feb-21||Interim Dividend – Rs. – 1.50||NIITLTD||23-Feb-21||Buy Back of Shares|
|NATCOPHARM||22-Feb-21||Interim Dividend – Rs. – 1.00||OIL||23-Feb-21||Interim Dividend – Rs. – 3.50|
|NHPC||22-Feb-21||Interim Dividend – Rs. – 1.2500||PRECWIRE||23-Feb-21||Interim Dividend – Rs. – 2.00|
|PANCHSHEEL||22-Feb-21||Interim Dividend – Rs. – 1.50||SJVN||23-Feb-21||Interim Dividend – Rs. – 1.80|
Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014
Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to www.elitewealth.in. Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, email@example.com
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit www.elitewealth.in.Company-Specific Disclosures Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in , or e-mailing firstname.lastname@example.org with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail email@example.com.Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at https://www.elitewealth.in
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person. Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, advisory board member or employee of any company in the analyst’s area of coverage. Country Specific Disclosures India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in
EWL Advisory discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
a) EWL Advisory or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL Advisory or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL Advisory or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL Advisory or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL Advisory or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL Advisory or its associates have not received any compensation for products or services other than investment banking
or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL Advisory or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL Advisory
Provided that research analyst or research entity shall not be required to make a disclosure as per sub-clauses (c), (d) and (e) of clause (ii) or sub-clauses (a) and (b) of clause (iii) to the extent such disclosure would reveal material non-public information regarding specific potential future investment banking or merchant banking or brokerage services transactions of the subject company.
(4) EWL Advisory or its proprietor has never served as an officer, director or employee of the subject company;
(5) EWL Advisory has never been engaged in market making activity for the subject company;
(6) EWL Advisory shall provide all other disclosures in research report and public appearance as specified by the Board under any other regulations.