The Nifty opened at 15074.80 with a gap down of 44 points. The index initially went up, filled the gap completely and recorded its intraday high at 15144.05. Prices did not sustain there long and started moving on the downside. A decline of about 240 points cam and prices have recorded its intraday low at 14898.20. However in the last 30 minutes of trading, prices have seen a minor recovery and finally closed at 14981.75 with a loss of 137.20 points. All the sectoral indices have seen a decline and closed with loss led by Banks. The decline continued in the Nifty and it became more intense. After filling the gap down, prices have started moving in positive territory. However prices did not sustain long there. Bears came and took Nifty al the way down to 14900. The Nifty continued moving down for the fourth consecutive trading days and the index went below 15000. Nifty has broken its strong support of 15000. We need a follow through on the downside to confirm this breakdown.We had decided that if the Nifty closes below 15000 we will wait for prices to find support and then look for a buying opportunity. We will avoid taking a short trade since the main trend is still very strong on the upside.Long term trend has started moving sideways. The long term momentum has fallen down but still moving in the strength zone.
Bank Nifty opened at 36371.55 with a gap down of 239 points. The index first rallied, filled the down gap completely and recorded its intraday high at 36656.20. Prices have then immediately fallen down from its intraday highs. The index has seen a sharp intraday decline of more than 1000 points to record its intraday low at 35584.60. With the help of minor recovery in the last 30 minutes of trading. Bank Nifty finally closed at 35841.60.PSU Banks have underperformed and closed lower by 4.76% while Private Banks have also closed lower by 1.55&. Within the index in terms of points, Indusind Bank conrtributed highest while ICICI Bank the lowest.
Trade AnyTime AnyWhere With Elite Empower Mobile App
|RELIANCE||2080.30||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2060 and for the target 2130|
|TCS||3071.85||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 3050 and for the target 3110.|
Get All Your Mutual Fund Portfolio Retuns on Your Mobile by Elite Kuber App
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|L&TFH||100 CE||BUY||2.45||CMP||1.3||4.5||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|CHOLAFIN.21.02 Feb||528.4||0.15||4.15||5025000||FINNIFTY.21.02 Feb||16751.45||-1.64||7.45||20760|
|INDUS TOWERS LIMITED.21.||261.15||0.6||1.35||10334800||AMARAJABAT.21.02 Feb||874.35||-1.42||1.99||2974000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|INDUSINDBK.21.02 Feb||1067.7||1.97||-27.74||14845500||GRASIM.21.02 Feb||1217.7||-1.08||-59.23||6795350|
|IDFCFIRSTB.21.02 Feb||62.55||7.66||-23.87||98724000||JSWSTEEL.21.02 Feb||394.95||-3.08||-48.62||16173000|
|GAIL.21.02 Feb||145.2||1.47||-15.98||26681400||LALPATHLAB.21.02 Feb||2425.9||-2.93||-25.18||102500|
|MGL.21.02 Feb||1182.85||1.31||-15.55||1365000||PNB.21.02 Feb||42.1||-4.1||-25.03||105792000|
|HCLTECH.21.02 Feb||950.1||0.2||-12.63||15490300||GMRINFRA.21.02 Feb||25.1||-3.46||-21.12||86220000|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2181.1||1.6||3364030||2319377||72.35||Nifty Fmcg||33336.8||-0.11||1121668|
|Godrej Cons Products Ltd||709.7||-1.26||1758878||987832||67.27||Nifty it||25503.2||-0.45||1484449|
|Aarti Industries Ltd.||1187.9||-3.36||310371||169136||66.3||Nifty Energy||18681.5||-0.47||3978177|
|Icici Lombard General In||1493.75||-0.3||705510||305189||61.22||Nifty Media||1677.65||-0.86||497041388|
|Dabur India Ltd.||513.45||-1.27||13849233||2086307||61.06||Nifty 50||14981.75||-0.91||55831971|
|Kotak Mahindra Bank Limi||1938.75||-0.34||2735683||2009851||56.8||Nifty Realty||348.05||-1.3||2147483500|
|Indus Towers Limited||260.75||0.42||5851020||4739930||56.16||Nifty Pharma||12347.4||-1.36||67552718|
|Hdfc Life Insurance Comp||710.65||-0.39||3787638||1614660||54.74||Nifty Metal||3552.1||-1.96||234099419|
|Britannia Ind Ltd.||3331.2||-0.84||765676||335122||54.39||Nifty Bank||35841.6||-2.04||23219385|
|Max Financial Services l||838.7||-3.55||1153212||759304||54.13||Nifty Auto||10540.35||-2.65||78779036|
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 : CB Consumer Confidence (Feb) on 23rd February, 2021
•USD : New Home Sales (Jan) on 24th February, 2021
|•Ashok Leyland has started production of buses at its new plant in Andhra Pradesh. The development comes at a time when the company’s bus volume continues to be under pressure. In a disclosure to BSE, Ashok Leyland said that commercial production of the buses at the plant set up at Vijayawada, Andhra Pradesh commenced on February 19, 2021.
•LIC Housing Finance on Friday said it has disbursed Rs 1,331 crore worth loans through its mobile banking app in the last one year. It said the ‘Homy’ app facilitated 14,155 customer home loan applications since its launch on February 14, 2020. More than 7,300 of these customers have had their home loans sanctioned.
•Petrol and diesel prices have begun to pinch consumers harder with oil marketing companies (OMCs) reserving the weekend for effecting the steepest hike in last several months. Accordingly, the price of petrol and diesel were raised by 39 paisa and 37 paisa per litre respectively in Delhi on Saturday.
•Vehicle price hikes coupled with cost rationalisation measures taken by OEMs will limit the impact of rising input cost but these might not be adequate enough to sustain margins at the 3QFY21 levels, said India Ratings and Research. Accordingly, the Q4FY21-Q1FY22 standalone EBITDA margins of OEMs could be 100-200 basis points lower than Q3FY21’s margins, on account of the recent spike in input prices.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|APOORVA||Quarterly Results||22-Feb-21||ELANTAS||Audited Results;Dividend||23-Feb-21|
|DBREALTY||General;Preferential Issue of shares||22-Feb-21||SAFARIND||General||23-Feb-21|
|INCON||General;Voluntary Delisting of Shares||22-Feb-21||SANOFI||Audited Results;Final Dividend||23-Feb-21|
|SPELS||Quarterly Results||22-Feb-21||UNIPLY||Quarterly Results||23-Feb-21|
|TRANSASIA||General||22-Feb-21||VENUSREM||Issue Of Warrants;General||23-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||ARVINDFASN||23-Feb-21||Right Issue of Equity Shares|
|MAZDOCK||22-Feb-21||Interim Dividend – Rs. – 5.4100||COCHINSHIP||23-Feb-21||Interim Dividend – Rs. – 4.00|
|MERCURYLAB||22-Feb-21||Interim Dividend – Rs. – 1.50||IRCON||23-Feb-21||Interim Dividend – Rs. – 1.30|
|NATCOPHARM||22-Feb-21||Interim Dividend – Rs. – 1.00||NIITLTD||23-Feb-21||Buy Back of Shares|
|NHPC||22-Feb-21||Interim Dividend – Rs. – 1.2500||OIL||23-Feb-21||Interim Dividend – Rs. – 3.50|
|PANCHSHEEL||22-Feb-21||Interim Dividend – Rs. – 1.50||PRECWIRE||23-Feb-21||Interim Dividend – Rs. – 2.00|
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, firstname.lastname@example.org
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 email@example.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 firstname.lastname@example.org.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.