Outlook-2019-11-22

NIFTY:

The NIFTY has made a second attempt to cross resistance above 12000, and failed to do so. It is of course likely that this resistance will be crossed eventually. But, as of now, the markets failure to cross resistance does suggest that a sideways market is likely to continue. A move below 11950 would suggest a minor downtrend has started.

Traders may take short position intra Day, taking advantage of such a downtrend. Stop for this down move should be above 12035. since the trade is intraday, traders should adjust the stops according to the way markets opens. On the downside, markets should find support at 11800 where significant support exists.

VIEW:

Buy on breakout above 12035 with a stop just below 12000.

Sell on breakdown below 11950 with a stop just above 11980.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
     HINDUNILVR 2048.65 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  2034 and for the target of  2070.
     MUTHOOTFIN 688.95 SELL The immediate trend of the stock is weak . The stock can be sell with a stop loss of  696 and for  the target of  675

 

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
COALINDIA 195 PE BUY 2.60 CMP 1.90 4 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ZEEL.Nov 28 339.8 10.31 33.06 47300500 CASTROLIND.Nov 28 152.85 -0.1 43.69 6810200
NCC.Nov 28 62.15 1.14 9.28 46528000 SUNTV.Nov 28 482.5 -2.97 11.04 3279000
ADANIPORTS.Nov 28 372 1.13 9 19945000 FEDERALBNK.Nov 28 87.55 -1.35 10.82 60634000
IBULHSGFIN.Nov 28 232.3 12.52 8.95 27078400 AUROPHARMA.Nov 28 429.5 -3.21 9.94 18818000
DLF.Nov 28 216.85 2.1 8.37 32370800 NTPC.Nov 28 114.95 -2.17 8.79 54129600
                                                                        Short Covering                                                                            Long unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
DRREDDY.Nov 28 2878.5 1.23 -0.92 3293250 RBLBANK.Nov 28 334.8 -3.11 -6.39 11900400
CENTURYTEX.Nov 28 456 0.8 -0.68 3049800 MRF.Nov 28 62758 -0.76 -5.39 17010
PFC.Nov 28 114.8 -3.04 -4.68 27931000
RECLTD.Nov 28 138.6 -4.48 -4.01 19404000
MANAPPURAM.Nov 28 162.25 -2.73 -3.94 15354000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
UltraTech Cement Limited 4077.25 -0.89 213325 681955 81.53 Nifty Media 1939.15 4.08 87126
HDFC BANK LTD. 1283.35 0.79 6009763 3707282 67.07 Nifty Realty 275.45 0.55 87126
Petronet LNG Limited 272.6 -1 3088117 830023 64.69 Nifty Bank 31349.95 -0.01 87126
TECH MAHINDRA LIMITED 765.15 -0.81 2102137 1454080 62.04 Nifty IT 15293.95 -0.16 87126
ICICI BANK LTD. 498.25 0.66 25745594 13932612 61.63 Nifty 50 11968.4 -0.26 87120
HCL Technologies Ltd. 1136.6 0.34 1938092 685028 61.57 Nifty Pharma 8068.95 -0.48 87126
Infosys Limited 713.25 0.04 9692973 3748676 61.03 Nifty FMCG 30893.55 -0.63 87126
HDFC Ltd. 2210.35 0.43 2679074 1045668 58.99 Nifty Auto 8004.65 -0.98 87126
Hindustan Unilever Ltd 2048.65 1.09 1397175 560791 56.66 INDIA VIX 14.98 -1.19 87126
BERGER PAINTS (I) LTD 481.55 -0.75 1346672 570842 56.55 Nifty Metal 2470.45 -2.16 87126

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
•INR:  Bank Loan Growth  on 22nd  November 2019

•INR:  FX Reserves , USD on 22nd November 2019

•USA:  Manufacturing PMI (Nov)  on 22nd November 2019

•USA:  Markit Composite PMI  (Nov) on 22nd November 2019

NEWS UPDATES

1. Japan’s Sony Corp is in talks to buy stake in Network18 Media and Investments Ltd, promoted by Mukesh Ambani owned-Reliance Industries (RIL).Ambani through a network of subsidiaries owns a controlling stake in Network18.With the aim to tap the thriving demand for content in India, Sony presently is carrying out due diligence on Network18 before it comes up with any likely offer.

2. The Cabinet gave in-principle approval for disinvesting stake in 5 blue-chip PSUs, including state-owned Bharat Petroleum Corporation Ltd (BPCL). Apart from BPCL, the government has also approved disinvestment in four other central public sector enterprises (CPSEs), Shipping Corp of India (SCI), Container Corp of India, THDC India and North Eastern Electric Power Corporation Ltd (NEEPCO).

3. KIOCL share price rose more than 7 percent intraday on November 21 after the company got the government’s approval for a project in Mangalore.The government has given the go-ahead to the company to set up a forward and backward integration project for the Blast Furnace Unit (BFU) at Mangalore.

4. In a second effort to raise funds to pay off debt, Subhash Chandra-led Essel Group, the promoter of Zee Entertainment Enterprises Ltd., will sell 16.5 percent shareholding in the media major to financial investors. After this transaction, the promoter stake in Zee Entertainment will stand reduced to 5 percent.

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BINANIIND Audited Results 22-Nov-19 SUNRINV Quarterly Results 23-Nov-19
HEXATRADEX General 22-Nov-19 CHLOGIST General 25-Nov-19
INDAGIV Voluntary Delisting of Shares 22-Nov-19 CREATIVE General 25-Nov-19
OISL Quarterly Results 22-Nov-19 DHFL Quarterly Results 25-Nov-19
RAGHUSYN General 22-Nov-19 FINKURVE Increase in Auth. Cap;Pref Issue 25-Nov-19
RICOHQ Audited Results 22-Nov-19 STRLGUA General 25-Nov-19
RMCHEM General 22-Nov-19 VLSFINANCE Quarterly Results 25-Nov-19
SEYAIND Stock  Split 22-Nov-19 ANUPAM Quarterly Results 26-Nov-19
UTTAMVALUE A.G.M. 22-Nov-19 AVL Buy Back of Shares;General 26-Nov-19
HEIDELBERG Interim Dividend 23-Nov-19 MARGOFIN Quarterly Results 27-Nov-19
RADHIKAJWE General 23-Nov-19 SRGHFL Quarterly Results 27-Nov-19
RNBDENIMS General 23-Nov-19 BVL Half Yearly Results 28-Nov-19
BINANIIND Audited Results 22-Nov-19 SUNRINV Quarterly Results 23-Nov-19

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
CLEDUCATE 22-Nov-19 Interim Dividend – Rs. – 1.00 RAIN 25-Nov-19 Interim Dividend – Rs. – 1.00
FERMENTA 22-Nov-19 Interim Dividend – Rs. – 5.00 SAVERA 25-Nov-19 Interim Dividend – Rs. – 1.20
GUJCOTEX 22-Nov-19 Stock  Split From Rs.10/- to Rs.5/- MOIL 26-Nov-19 Buy Back of Shares
RACLGEAR 22-Nov-19 Interim Dividend – Rs. – 1.00 JAMNAAUTO 28-Nov-19 Interim Dividend – Rs. – 0.18
SAKSOFT 22-Nov-19 Interim Dividend – Rs. – 2.00 RAMASIGNS 28-Nov-19 Stock  Split From Rs.10/- to Rs.5/-
SAURASHCEM 22-Nov-19 Interim Dividend – Rs. – 0.75 MANUGRAPH 04-Dec-19 Dividend – Rs. – 0.50
CAREERP 25-Nov-19 Interim Dividend – Rs. – 1.00 SAGRSOY-B 05-Dec-19 Reduction of Capital
INDAG 25-Nov-19 Interim Dividend – Rs. – 0.90 TRIDENT 13-Dec-19 Stock  Split From Rs.10/- to Rs.1/-
MEERA 25-Nov-19 Interim Dividend – Rs. – 1.00 BALMLAWRIE 26-Dec-19 Bonus issue 1:2

 DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

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