2020-01-21 at 09-17-13NIFTY:

The NIFTY was moving in a narrow range last week. This week  onwards, the index decided to take a trend and this trend is a breakdown from the range.

Over the weekend, Q3 results of RELIANCE and HDFC BANK apparently enthused the market. The NIFTY opened higher on Monday morning and actually went to a high of 12427 in the early minutes of trade. From that point onwards, the index went downhill throughout the day.

The minimum target for this breakdown is 12179, which is within reaching distance of today’s close.

VIEW:

Sell on a rally towards 12260 with a stop just above 12300.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     SIEMENS 1596.45 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  1565 and for the target of  1630.
     MCDOWELL-N 578.10 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  586 and for  the target of  565.

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BANKBARODA 95 PE BUY 3.20 CMP 2.10 5.50 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
POWERGRID.Jan 30 203.6 3.17 70.51 24636000 IOC.Jan 30 116.95 -4.49 73.52 62092000
NMDC.Jan 30 138.7 6.65 28.46 27270000 PFC.Jan 30 112.3 -8.06 49.99 32593400
BHARTIARTL.Jan 30 509.35 2.16 27.37 66397221 OIL.Jan 30 148.1 -5.67 31.88 5876871
FEDERALBNK.Jan 30 94.35 2.55 19.86 64561000 BANKNIFTY.Jan 30 31190 -1.68 31.48 1583540
TATAGLOBAL.Jan 30 383.2 0.31 8.5 12163500 RBLBANK.Jan 30 328.8 -4.59 15.33 19174500
                                                                        Short Covering                                                                            Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
GAIL.Jan 30 127.75 0.75 -3.72 44960286 NIFTYIT.Jan 30 16173 -0.63 -8.96 6100
MINDTREE.Jan 30 895.95 1.28 -3.11 1471200 MRF.Jan 30 68572 -1.52 -5.47 21270
NBCC.Jan 30 37.8 0.13 -1.76 32646900 APOLLOTYRE.Jan 30 174.65 -3.27 -4.13 9327000
DRREDDY.Jan 30 3062.95 0.56 -1.74 3340000 DISHTV.Jan 30 12.85 -2.65 -2.35 93895200
BIOCON.Jan 30 292.1 0.14 -1.67 10810000 TCS.Jan 30 2179 -1.82 -2.27 16073250

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
HDFC BANK LTD. 1254.9 -1.82 11089225 6692529 79.11 INDIA VIX 15.41 9.06 86715
NTPC Limited 118.25 -2.43 10655638 4757346 69.84 Nifty FMCG 31426.75 0.18 86718
Hindustan Unilever Ltd 2062.85 0.12 829399 670916 67.45 Nifty Auto 8352.7 -0.89 86718
ICICI BANK LTD. 534.85 0.53 19159996 11972622 65.38 Nifty Pharma 8269.35 -0.91 86718
HDFC Ltd. 2454.35 0.02 2274456 1462820 65 Nifty IT 16207.15 -0.91 86715
United Breweries Limited 1303.45 0.25 131330 371326 63.85 Nifty Metal 2835.85 -1.01 86718
ITC Ltd. 241.9 0.81 8020816 4578819 61.94 Nifty 50 12224.55 -1.03 86703
Dabur India Ltd. 486.05 -0.74 1406615 628832 61.91 Nifty Energy 15854.85 -1.39 86718
Petronet LNG Limited 273.4 0.28 877568 1329039 61.9 Nifty Bank 31080.65 -1.61 86715
Cipla Ltd 480.15 -0.03 1206931 1247644 61.18 Nifty Media 1835.7 -1.84 86718

Upcoming Economic Data

   Domestic                                                                                                                                                  International
•INR: FX Reserves, USD on 24th January 2020 •USA: Existing Home Sale  (Dec) on 22nd January  2020

•USA: Crude Oil Inventories on 23rd January 2020

News Updates

•Ashok Leyland delivered its first Bharat Stage VI-compliant commercial vehicles for customers in the Delhi-NCR region, marking its readiness for the new emissions norms kicking in from April. The price increase from the current BSIV to the new emission stage will be higher compared to the jump seen after BSIV norms were introduced.

•Fair trade regulator CCI has approved divestment of Reliance Jio’s telecom tower assets to Canada’s Brookfield Infrastructure Partners LP and other investors. The other investors include British Columbia Investment Management Corporation, GIC Infra Holdings Pte Ltd’s subsidiaries Anahera Investment Pte Ltd and Valkyrie Investment Pte Ltd.

•Kotak Mahindra Bank shares turned bearish and fell up to 4 per cent after the company released its December quarter results. The lender reported a standalone net profit at Rs 1,596 crore for the third quarter ended December 31, 2019 (Q3FY20), as against Rs 1,290.93 crore in the same quarter in a year-ago period. Gross NPA grew 37% on a year-on-year basis to Rs 5,413 crore as against Rs 4,128 crore recorded in a year-ago period.

•Vodafone Idea and Bharti Airtel on Monday filed a modification petition in the Supreme Court, seeking an extension of the January 23 deadline to pay adjusted gross revenue (AGR) dues. Tata Tele also moved the apex court seeking an extension of the deadline according to TV reports.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ATISHAY Quarterly Results 21-Jan-20 KAMATHOTEL Quarterly Results 21-Jan-20
DGCONTENT Quarterly Results 21-Jan-20 KAYCEEI Quarterly Results 21-Jan-20
ECS General 21-Jan-20 MAHEPC Quarterly Results 21-Jan-20
FIBERWEB General 21-Jan-20 MNKALCOLTD Right Issue ;Quarterly Results 21-Jan-20
GRANULES Interim Dividend;Quarterly Results 21-Jan-20 NEWGEN Quarterly Results 21-Jan-20
GUJINV Quarterly Results 21-Jan-20 OCEAGRO Voluntary Delisting of Shares 21-Jan-20
HATSUN General;Quarterly Results 21-Jan-20 PANCHSHEEL General 21-Jan-20
HAVELLS Quarterly Results 21-Jan-20 POLYCAB General;Quarterly Results 21-Jan-20
HDFCAMC Quarterly Results 21-Jan-20 RAJGLOWIR Quarterly Results 21-Jan-20
ICICIPRULI Quarterly Results 21-Jan-20 REPRO Scheme of Arrangement 21-Jan-20
INDIAMART Quarterly Results 21-Jan-20 RML Quarterly Results 21-Jan-20
IOB Preferential Issue of shares 21-Jan-20 SASKEN Quarterly Results 21-Jan-20
JAYBARMARU Quarterly Results 21-Jan-20 SIDDH Audited Results;Half Yearly Results 21-Jan-20

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SUVEN 21-Jan-20 Spin Off WIPRO 24-Jan-20 Interim Dividend – Rs. – 1.00
DELTACORP 22-Jan-20 Interim Dividend – Rs. – 0.75 INDIGRID 27-Jan-20 Income Distribution (InvIT)
ASTERDM 23-Jan-20 Buy Back of Shares SIEMENS 03-Feb-20 Dividend – Rs. – 7.0000
TCS 23-Jan-20 Interim Dividend – Rs. – 5.00 VINATIORGA 05-Feb-20 Stock  Split From Rs.2/- to Rs.1/-
HCLTECH 24-Jan-20 Interim Dividend – Rs. – 2.00 FERMENTA 06-Feb-20 Bonus issue 2:1

 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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