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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