outlook-2020-01-22

 

NIFTY:

During yesterday, January 20, Monday, the markets had a wide range of almost 210 points. The Nifty closed at the low of the day yesterday. The index in fact, closed again today at the low of the day. The difference was in the trading range that the NIFTY had today – just 68 points. This is less then one third of yesterday’s range, and can easily be considered to be a narrow range day.

For short-term traders

Today was a narrow range day, and tomorrow could be a breakout or break down day again. Traders may look to go and sell below 12162 and buy above 12230.

For the short term there is immidiate support between 12120 and 12150. if this support breaks, then a much larger support level comes at 11929. a dip to this level would be painful.

VIEW 

Sell below 12162 and buy above 12230.

 

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     TATAGLOBAL 385.80 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  379 and for the target of  396.
     TATAMOTORS 190.25 SELL The immediate trend of the stock is weak . The stock can be sold  at CMP with a stop loss of  195.30 and for  the target of  183.

 

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATASTEEL 480 PE BUY 11.25 CMP 7.50 18 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI   Stocks Price Price% OI % OI
LICHSGFIN.Jan 30 478.45 3.19 13.9 11378900 PFC.Jan 30 106.35 -5.42 61.6 44987200
TORNTPOWER.Jan 30 315.05 0.21 7.92 3351000 TATASTEEL.Jan 30 475.6 -3.37 8.13 25345500
PVR.Jan 30 1937.65 0.77 7.36 1360000 TATAMTRDVR.Jan 30 78.65 -3.14 3.46 32209200
JINDALSTEL.Jan 30 184.75 2.87 6.27 32465000 BERGEPAINT.Jan 30 550.5 -3.07 0.55 8104800
TATAGLOBAL.Jan 30 386.6 0.69 6.18 12711600 M&M.Jan 30 552.55 -2.87 2.54 22494000
                                                                        Short Covering                                                                            Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
DISHTV.Jan 30 13.6 5.84 -4.28 88622100 BATAINDIA.Jan 30 1785.9 -0.56 -3.78 2085600
CENTURYTEX.Jan 30 564 4.46 -3.13 3530400 NIFTYIT.Jan 30 16138 -0.02 -2.44 6000
ASHOKLEY.Jan 30 86.25 1.59 -2.28 60992000 ADANIENT.Jan 30 224.3 -1.25 -2.11 29192000
LUPIN.Jan 30 741.3 0.98 -1.58 8523900 MRF.Jan 30 67887.6 -1.04 -1.45 20350
IDEA.Jan 30 5.95 21.43 -0.99 451388000 PIDILITIND.Jan 30 1418.3 -1.92 -1.34 3104000

 

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Godrej Cons Products Ltd 731.55 -2.27 611181 1091065 81.77   INDIA VIX 15.86 2.94 85545
UPL LIMITED 577.7 -1.18 4789489 1609411 66.34 Nifty Media 1876.5 2.22 85545
Shree Cements Ltd. 22953.5 -0.78 29652 15983 60.49 Nifty Pharma 8274.2 0.06 85545
TECH MAHINDRA LIMITED 778.9 0.09 976954 975138 60.19 Nifty IT 16175.2 -0.2 85545
HDFC Ltd. 2465.45 0.45 2404025 1368222 60.16 Nifty Bank 30947.55 -0.43 85545
NTPC Limited 117.15 -0.93 5150830 6331029 59.41   Nifty 50 12169.85 -0.45 85545
CONTAINER CORP OF INDIA 551.55 0.11 327726 233018 59.19   Nifty FMCG 31145.95 -0.89 85545
Bharti Airtel Limited 511.75 0.6 64001338 26193858 58.91   Nifty Metal 2799.95 -1.27 85545
Larsen & Toubro Limited 1302.35 -0.55 1361576 1476266 58.06   Nifty Auto 8245.9 -1.28 85545
ITC Ltd. 238.45 -1.43 9571070 4631818 57.75   Nifty Realty 321.15 -1.43 85545

 

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

•ICICI Bank on Tuesday launched cardless cash withdrawal facility from its ATMs with a per day transaction limit of Rs 20,000. This service enables customers to withdraw cash from over 15,000 ATMs of the bank by simply raising a request on iMobile, its mobile banking application.

•The Supreme Court said on Tuesday it will take up the modification petition filed by telecom operators Vodafone Idea, Bharti Airtel, and Tata Teleservices on giving them more time to pay off adjusted gross revenue (AGR) related dues.

•In a first, state-owned gas utility GAIL India Ltd is ferrying imported LNG in trucks from Gujarat coast to Bhubaneshwar in Odisha as part of a government push for a gas-based economy to reduce emission and carbon footprint. With gas pipelines yet to reach most parts of eastern India, GAIL has hired specialised cryogenic bullet trucks to transport imported liquefied natural gas from Dahej in Gujarat to Bhubaneshwar, where it is used as CNG to fuel automobiles and piped gas as cooking fuel in kitchens.

•Sanjiv Chadha has been appointed as Managing Director (MD) and Chief Executive Officer (CEO) at Bank of Baroda, a Personnel Ministry order issued on Monday said.

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

 

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ALCHCORP Quarterly Results 22-Jan-20 GKB General 22-Jan-20
APLLTD Quarterly Results 22-Jan-20 HMVL Quarterly Results 22-Jan-20
ASHCAP Quarterly Results 22-Jan-20 IIFLWAM Interim Dividend;Quarterly Results 22-Jan-20
ASIANPAINT Quarterly Results 22-Jan-20 INDIGRID Quarterly Results 22-Jan-20
ATFL Quarterly Results 22-Jan-20 ITI General 22-Jan-20
AUBANK Quarterly Results 22-Jan-20 KPRMILL Interim Dividend;Quarterly Results 22-Jan-20
AXISBANK Quarterly Results 22-Jan-20 LT Quarterly Results 22-Jan-20
AXISCADES Quarterly Results 22-Jan-20 MOTILALOFS Interim Dividend;Quarterly Results 22-Jan-20
CEATLTD General;Quarterly Results 22-Jan-20 OZONEWORLD Quarterly Results 22-Jan-20
CREDITACC Quarterly Results 22-Jan-20 PROFINC Quarterly Results 22-Jan-20
EIMCOELECO General;Quarterly Results 22-Jan-20 RANEENGINE Quarterly Results 22-Jan-20
GDL Quarterly Results 22-Jan-20 RAYMOND Quarterly Results 22-Jan-20
GENUSPOWER Quarterly Results 22-Jan-20 RBLBANK Quarterly Results 22-Jan-20

 

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
DELTACORP 22-Jan-20 Interim Dividend – Rs. – 0.75 MITSU 28-Jan-20 Bonus issue 2:1
ASTERDM 23-Jan-20 Buy Back of Shares KENVI 29-Jan-20 Bonus issue 11:10
TCS 23-Jan-20 Interim Dividend – Rs. – 5.00 SIEMENS 03-Feb-20 Dividend – Rs. – 7.00
HCLTECH 24-Jan-20 Interim Dividend – Rs. – 2.00 VINATIORGA 05-Feb-20 Stock  Split From Rs.2/- to Rs.1/-
WIPRO 24-Jan-20 Interim Dividend – Rs. – 1.00 FERMENTA 06-Feb-20 Bonus issue 2:1
INDIGRID 27-Jan-20 Income Distribution (InvIT)

 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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