The Nifty opened at 12860.10 with a minor gap down of just 14 points. Prices have moved up for the first few minutes of trading and then saw a sharp decline. The index saw its intraday low at 12819.35 and then saw a brief consolidation there. Around 1:00 PM prices broke out and then moved almost 100 points to finally close at 12938.25 up by 64.05 points or 0.50%. Banks and Financials have outperformed and led the gains followed by Auto and Realty sectors.
The stock market continues to roll ahead. The Nifty cross 12900 effortlessly. The markets are in a very strong momentum and appear to be ready to cross 13000. We can look to buy at the high of the first 15 minutes with a stop which should be 70 points below our entry price. It is also options expiry day and we could see some volatility.
Bank Nifty opened at 29107.90 with a gap down of 109 points. The gap down did not last long and quickly prices moved up. The rally continued for the whole day and the index finally closed at 29749 with a gain of more than 500 points. PSU banks have outperformed and closed higher by 3.57%. Private Banks also moved up and closed higher by 1.96%. Within the index, in terms of points, SBI Contributed highest followed by ICICI Bank.
The index continued to move up and outperforming the whole markets. The trend is up and we should be only on the long side of the market. We should use intraday dips and small range breakouts to enter or add into the long side.
Intraday traders can look to buy on a dip towards 29500 or on a breakout above 29800.
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|EICHERMOTORS||2614.15||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2580 and for the target 2670.|
|INDUSIND BANK||828.30||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 810 and for the target 860.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|BATAINDIA||1440 CE||BUY||36.95||CMP||25||50||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|MFSL.Nov 26||623.9||1.46||61.33||4626700||WIPRO.Nov 26||346.9||-0.94||15.78||29228800|
|BATAINDIA.Nov 26||1448||4.79||33.51||1494350||BOSCHLTD.Nov 26||11504.3||-1.34||14.32||222750|
|FEDERALBNK.Nov 26||62.1||6.52||13.96||1.24E+08||TORNTPOWER.Nov 26||306.1||-0.75||9.8||2823000|
|ASHOKLEY.Nov 26||95.2||3.42||13.95||31977000||BPCL.Nov 26||384.75||-2.74||8.94||21524400|
|L&TFH.Nov 26||74.6||5.44||12.75||37209600||INFY.Nov 26||1115.6||-1.07||8.39||36631200|
|Short Covering||Long Unwinding|
|MUTHOOTFIN.Nov 26||1179||0.85||-5.16||4013250||TATASTEEL.Nov 26||521.95||-0.5||-5.7||35887000|
|GODREJPROP.Nov 26||1069.85||3.33||-4.23||1370200||SAIL.Nov 26||40.05||-0.74||-3.21||48051000|
|LICHSGFIN.Nov 26||330.5||5.09||-3.1||11984000||EXIDEIND.Nov 26||170.8||-0.09||-2.49||14108400|
|CANBK.Nov 26||94.15||1.95||-3.01||16115000||APOLLOHOSP.Nov 26||2293.5||-0.55||-2.12||1781500|
|BHEL.Nov 26||28.5||0.53||-2.47||62139000||ACC.Nov 26||1689||-0.52||-1.72||1975500|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Upl Limited||426.3||-0.78||4415523||3867021||65.22||Nifty Auto||8686.6||3.1||80508|
|Hindustan Unilever Ltd||2132.1||-2.09||3315051||1741900||63.72||Nifty Realty||253.45||2.05||80508|
|Hdfc Ltd.||2364.9||0.68||4344487||4613099||62.4||Nifty Bank||29749.85||1.95||80508|
|Max Financial Services l||619.3||0.99||3489685||1049627||62.23||Nifty Media||1474.85||0.54||80508|
|Mah & Mah Ltd.||705.75||10.75||32986476||3784199||61.3||Nifty 50||12938.25||0.5||80508|
|Power Grid Corporation o||185.4||-0.75||9385741||5767063||60.76||Nifty Metal||2772.5||0.4||80508|
|Infosys Limited||1110.55||-1.17||9839468||7463366||58.24||Nifty Energy||15911.1||-0.09||80508|
|United Spirits Limited||563.75||0.62||1248153||1445607||56.68||Nifty Pharma||11612.95||-0.67||80508|
|Kotak Mahindra Bank Limi||1830.6||1.89||6175248||3140690||53.9||Nifty it||21314.85||-0.81||80508|
|Petronet Lng Limited||258.2||-0.44||5119711||2567631||53.83||Nifty Fmcg||30952.85||-1.08||80508|
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UPCOMING ECONOMIC DATA
|INR: Bank Loan Growth on 20th November, 2020
INR: FX Reserves, USD on 20th November, 202
|•USD: Initial Jobless Claims on 19th November, 2020
•USD: Existing Home Sales (Oct)on 19th November, 2020
|• RBI-appointed administrator for Lakshmi Vilas Bank T.N. Manoharan on Wednesday said the bank has enough liquidity to pay back depositors. Confident of timely merger of Lakshmi Vilas Bank with DBS India: RBI-appointed administrator. Manoharan says Lakshmi Vilas Bank has ₹20,000 crore in deposits and ₹17,000 crore in advances.
•Vedanta Group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying government’s nearly 53% stake in privatisation-bound Bharat Petroleum Corp Ltd (BPCL).
•Emami announced its entry into the homecare segment with a range of hygiene products under the “Emasol” brand on Wednesday. Since the Covid-19 pandemic, fast moving consumer goods (FMCG) companies have been ramping up launches in the health and hygiene space to cash in on the steep demand for such products.
•Larsen & Toubro today said that its construction and mining equipment business has secured one of its biggest orders ever to supply 46 units of Komatsu mining equipment to Tata Steel. The scope of work includes supply of equipment and full maintenance contract for 60,000 hours of equipment operation. The order comprises 41 units of Komatsu HD785-7 (100 ton dump truck), three units of Komatsu WA900-3E0 (9 cum wheel loader) and two units of Komatsu D275A-5R (410HP crawler dozer).
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ARTEMISELC||General;Preferential Issue of shares||19-Nov-20||ASL||General||20-Nov-20|
|CHADPAP||Audited Results||19-Nov-20||IIFLSEC||Buy Back of Shares||20-Nov-20|
|JIYAECO||Quarterly Results||19-Nov-20||JUMPNET||General;Quarterly Results||20-Nov-20|
|KANCHI||Buy Back of Shares;General||19-Nov-20||PRIMECAPM||General||20-Nov-20|
|MLKFOOD||Quarterly Results||19-Nov-20||VBIND||Quarterly Results||20-Nov-20|
|PRICOLLTD||Rights Issue||19-Nov-20||OPTOCIRCUI||Quarterly Results||21-Nov-20|
|ROLLT||Quarterly Results||19-Nov-20||PAZEL||Quarterly Results||21-Nov-20|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|7TEC||19-Nov-20||Interim Dividend – Rs. – 1.00||HGS||19-Nov-20||Interim Dividend – Rs. – 6.00|
|AARTIIND||19-Nov-20||Interim Dividend – Rs. – 1.50||INSECTICID||19-Nov-20||Interim Dividend – Rs. – 2.00|
|AMRUTANJAN||19-Nov-20||Interim Dividend – Rs. – 0.80||JLMORI||19-Nov-20||Dividend – Rs. – 1.00|
|ASAHISONG||19-Nov-20||Buy Back of Shares||MAANALU||19-Nov-20||Interim Dividend – Rs. – 1.00|
|AUSOMENT||19-Nov-20||Interim Dividend – Rs. – 0.50||MEERA||19-Nov-20||Interim Dividend – Rs. – 0.50|
|CAMS||19-Nov-20||Interim Dividend – Rs. – 6.7500||NCLIND||19-Nov-20||Interim Dividend – Rs. – 1.50|
|COALINDIA||19-Nov-20||Interim Dividend – Rs. – 7.50||PAGEIND||19-Nov-20||Interim Dividend – Rs. – 100.00|
|CUPID||19-Nov-20||Interim Dividend – Rs. – 1.00||POLYPLEX||19-Nov-20||Interim Dividend – Rs. – 15.00|
|GOLDIAM||19-Nov-20||Interim Dividend – Rs. – 3.00||PTC||19-Nov-20||Interim Dividend – Rs. – 2.00|
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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