Morning-OutlookNIFTY:

The Nifty opened at 15058.60 with a gap down of 50 points. The index first moved up, prices filled the gap down completely and recorded its intraday high at 15133.4. The index then traded very volatile with sharp moves on both sides and recorded its intraday low at 15008.85. Finally the index closed near its intraday low. The Realty, Media and Pharma sectors have performed well and closed higher by more than 1%. Banks, Financials and Auto have led the bears. It was a volatile day in the index where prices moved in both directions and finally closed near the low. Short term trend is still up as long as prices are above 15000 support.

We should look to buy the index on dips if the index comes close to 14950. If the index opens below 14950 with a gap down then wait for prices to cross 15000 intraday and then look to buy. Keep a stop of 100 points and a target of 240 points.

BANK NIFTY:

Bank Nifty opened at 3317.10 with a gap down of 237 points. The index first moved up, filled the gap completely and then fell down. Prices have traded very volatile recorded its low at 33608.25 and finally closed at 33685.20. PSU Banks have performed well and closed with gain while Private Banks have underperformed and closed with loss. Within the index, Axis Bank contributed highest while HDFC Bank the lowest. It was a volatile day in the Bank Nifty. Prices have moved up and down for the whole day and finally ended with a loss.

Trade AnyTime AnyWhere With Elite Empower Mobile App

Elite-Empower-App-Promotional-Banner-img1

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
LTI 3747.10 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 3710 and for the target 3820
IOC 107.20 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 104 and for the target 112

Get All Your Mutual Fund Portfolio Retuns on Your Mobile by Elite Kuber App


Elite-Kuber-Mutual-Fund-Promotional-Banner-img

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
MPHASIS 1780 CE BUY 38.05 CMP 24 60 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
AXISBANK.21.05 May 715.5 0.41 18.29 47920800 COFORGE.21.05 May 3294 -4.17 126.21 2025750
VOLTAS.21.05 May 1017.1 0.72 14.9 2760000 AARTIIND.21.05 May 1647.5 -5.73 36.95 1184475
MINDTREE.21.05 May 2103.15 0.08 13.16 1991200 PIIND.21.05 May 2579 -6.22 30.82 547500
IOC.21.05 May 107.5 1.32 9.03 83778500 CUMMINSIND.21.05 May 838.35 -0.38 9.76 1538400
GODREJPROP.21.05 May 1286 2.05 8.91 1899300 ADANIENT.21.05 May 1299.85 -2.73 8.62 15365000
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
DABUR.21.05 May 539.7 1.12 -4.78 11885000 FINNIFTYW.21.05 May 16008.25 -1.16 -81.23 2560
ASHOKLEY.21.05 May 124.75 0.93 -4.74 32935500 ESCORTS.21.05 May 1178.2 -0.41 -4.4 2677950
APOLLOTYRE.21.05 May 216.9 0.56 -4.35 14962500 BAJFINANCE.21.05 May 5633.9 -1.21 -4.14 3616375
NAVINFLUOR.21.05 May 3204 0.32 -4.12 460350 NATIONALUM.21.05 May 74.75 -2.1 -2.86 72726000
MPHASIS.21.05 May 1778 0.24 -3.93 325325 MCDOWELL-N.21.05 May 572.95 -0.42 -2.76 13015000

Get Stock Market Recommendation By Our Research Analysts

Market-Research-Promotional-Banner-img5

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Alkem 2973.45 0.81 145167 197418 79.21 Nifty Realty 313.8 2.15 101001
Kotak Mahindra Bank Limi 1730.55 -1.4 2372042 3383150 72.62 Nifty Media 1655.2 2.01 101001
Icici Lombard General In 1504.95 1.2 332439 282274 63.72 Nifty Pharma 14001.35 1.22 101001
Infosys Limited 1337 -0.22 4435878 3553759 63.23 Nifty Energy 19308.1 0.55 101001
Hdfc Asset Management Co 2848.5 0.47 133667 96275 62.18 Nifty it 25982.8 0.09 101001
Hindustan Unilever Ltd 2359.75 -0.61 1323590 706218 61.21 Nifty Fmcg 34729.7 -0.03 101001
Hdfc Bank Ltd. 1458.2 -1.25 5065458 6640863 59.92 Nifty 50 15030.15 -0.52 101001
Hdfc Ltd. 2459.85 -1.72 2031903 1663429 58.48 Nifty Bank 33685.2 -0.7 101001
Larsen & Toubro Infotech 3747.7 3.09 718564 372776 56.84 Nifty Auto 10249.1 -0.73 101001
Hdfc Life Insurance Comp 666.15 -0.08 2252486 1021555 56.46 Nifty Metal 5245.95 -0.92 101001

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Deposit Growth YoY MAY on 21st  May, 2021

INR: Bank Loan Growth YoY MAY on 21st  May, 2021

•USD:  Initial Jobless Claims on 20th May, 2021

•USD : Existing Home Sales (Apr) on 21st May, 2021

Open Your Demat Account to Invest in Upcoming IPO’sDemat-and-Trading-Account-Promotion-Banner

NEWS UPDATES

•With Blackstone Group Inc.’s commitment to stay invested removing a big overhang, Mphasis Ltd. has guided for growth in low teens for the ongoing fiscal. Among a few information technology firms that saw revenue rise in double digits in FY21, the company prioritised growth over margins in the previous fiscal, according to Nitin Rakesh, chief executive officer at Mphasis. Revenue from top 10 clients grew, banking vertical delivered 23% year-on-year growth, revenue from newer verticals rose and expanded to new geographies in FY21, he said. The core direct business grew 17% last fiscal and now accounts for 86% of revenue.

•Drugmaker Dr Reddys Laboratories is in discussions with the Russian Direct Investment Fund (RDIF) for acquiring rights of Covid-19 vaccine Sputnik V for more countries.

•India’s largest IT services player Tata Consultancy Services (TCS) in its annual report for fiscal 2020-2021 said that in a highly fragmented global IT services market, the company has grown at twice the rate of market growth over the past decade. With even the largest provider having a mid-single digit market share. TCS is among the largest IT services providers globally, with a market share of 1.6 per cent, and has significantly outperformed the market, said the company in its Annual Report.

•S & P Global Ratings has affirmed B ratings on Tata Motors and revised outlook to stable on improving underlying demand. S & P said the company’s sales for the fourth quarter of fiscal 2021 indicate a material improvement in underlying demand for both commercial vehicles and passenger cars. The agency estimates earnings at Tata Motors’ Indian operations will rise over the period toward fiscal 2019 levels when the company reported EBITDA of over Rs 7,000 crore.

•Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ACRYSIL Final Dividend;Audited Results 20-May-21 NDTV Audited Results 20-May-21
BOSCHLTD Dividend;Audited Results 20-May-21 PLASTIBLEN Dividend;Audited Results 20-May-21
COSMOFILMS Audited Results 20-May-21 RADIOCITY Audited Results 20-May-21
DISAQ A.G.M.;Audited Results;Final Dividend 20-May-21 RELAXO Final Dividend;Audited Results 20-May-21
ELECTCAST Dividend;Audited Results 20-May-21 THEINVEST Audited Results 20-May-21
EMKAY Final Dividend;Audited Results 20-May-21 TORNTPOWER Final Dividend;Audited Results 20-May-21
EPL Audited Results;Final Dividend 20-May-21 ULTRAMAR Dividend;Audited Results 20-May-21
HAVELLS Final Dividend;Audited Results 20-May-21 UNIONBANK General 20-May-21
HINDPETRO Audited Results;Final Dividend 20-May-21 USHAMART Audited Results 20-May-21
IL&FSENGG General 20-May-21 VIRAT Final Dividend;Audited Results 20-May-21
JKLAKSHMI Dividend;Audited Results 20-May-21 ZEEL Audited Results;Final Dividend 20-May-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GREENCREST 20-May-21 Consolidation of Shares KENNAMET 24-May-21 Interim Dividend – Rs. – 20.00
IRCON 20-May-21 Bonus issue 1:1 WELSPUNIND 24-May-21 Buy Back of Shares
JOSTS 20-May-21 Stock  Split From Rs.10/- to Rs.5/- WELSPUNIND 24-May-21 Dividend – Rs. – 0.1500
MINDSPACE 20-May-21 Income Distribution RITES SPECMKT 25-May-21 E.G.M.
VIKASLIFE 20-May-21 Right Issue of Equity Shares TCS 25-May-21 Final Dividend – Rs. – 15.00
EMERALL 24-May-21 Stock  Split From Rs.10/- to Rs.5/- TRIDENT 25-May-21 Final Dividend – Rs. – 0.3600

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)
Disclosure Appendix
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, suhail@elitewealth.in
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.
Research Excerpts
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 research@elitestock.com 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 research@elitestock.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
Other Disclosures
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:
1. Reports
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;
2. Compensation
(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.