NIFTY:
The NIFTY traded very volatile today and at the end closed without much of change at 12266.15. we have been repeatedly stating that NIFTY should be bought on any intraday dip. Today prices have traded sideways then show sharp dip. A support emerge around 12210-12220 intraday in the last hour of trading. A sharp surge from this support took NIFTY up by almost 50 points.
The market breath was tilted in favour of sellers. About 969 stocks declined and 839 shares advanced on national stock exchange.
VIEW:
Buy on a dip towards 12200 with a stop just below 12170.
Buy on a breakout above 11300 with a stop just below 11270.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| HDFC | 2422.65 | 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 2400 and for the target of 2450. |
| SUNTV | 448.35 | SELL | The immediate trend of the stock is weak . The stock can be sell with a stop loss of 455 and for the target of 437.50. |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| BAJFINANCE | 4100 CE | BUY | 60.80 | CMP | 35 | 110 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| WIPRO.Dec 26 | 254.5 | 0.93 | 41.7 | 29737600 | JUBLFOOD.Dec 26 | 1579.65 | -0.25 | 38.64 | 2599500 | |
| MOTHERSUMI.Dec 26 | 147.75 | 0.85 | 39.86 | 32722800 | IBULHSGFIN.Dec 26 | 294.75 | -1.45 | 30.2 | 14320800 | |
| HAVELLS.Dec 26 | 650 | 1.03 | 33.33 | 5909000 | UPL.Dec 26 | 577.2 | -0.32 | 25.38 | 12437100 | |
| MUTHOOTFIN.Dec 26 | 743.25 | 1.49 | 32.7 | 4992000 | ICICIBANK.Dec 26 | 542.05 | -0.7 | 24.49 | 89416250 | |
| ASIANPAINT.Dec 26 | 1812.8 | 0.49 | 26.73 | 9040800 | COALINDIA.Dec 26 | 198.35 | -1.27 | 24.2 | 11257400 | |
| Short Covering | Long unwinding | |||||||||
| Sector | Price | Price% | OI% | OI | Sector | Price | Price% | OI% | OI | |
| TORNTPHARM.Dec 26 | 1869 | 1.58 | -22.1 | 208000 | ESCORTS.Dec 26 | 627 | -0.01 | -25.44 | 4012800 | |
| CENTURYTEX.Dec 26 | 492.5 | 0.5 | -12.04 | 2151600 | DISHTV.Dec 26 | 13.9 | -1.07 | -24.77 | 77546000 | |
| JINDALSTEL.Dec 26 | 157.7 | 0.1 | -7.89 | 19526400 | TATAELXSI.Dec 26 | 856 | -0.57 | -16.3 | 1016400 | |
| TATAGLOBAL.Dec 26 | 315.75 | 0.72 | -6.76 | 8602200 | MRF.Dec 26 | 63600 | -0.51 | -14.86 | 10770 | |
| TATACHEM.Dec 26 | 671.5 | 2.95 | -3.4 | 2045700 | L&TFH.Dec 26 | 115.1 | -1.37 | -13.09 | 15628500 | |
Top Delivery Percentage
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Godrej Cons Products Ltd | 698.4 | -1.2 | 850319 | 1811919 | 77.19 | Nifty Media | 1803.2 | 0.86 | 84510 | |
| Power Grid Corporation o | 185.8 | -0.16 | 9587858 | 4081945 | 74.88 | Nifty Auto | 8180.5 | 0.58 | 84510 | |
| TECH MAHINDRA LIMITED | 775.95 | -0.94 | 1887292 | 1449167 | 69.25 | Nifty IT | 15865.5 | 0.13 | 84513 | |
| Pidilite Industries Ltd | 1377.1 | -0.03 | 244310 | 384239 | 68.84 | Nifty Pharma | 8051.5 | 0.03 | 84513 | |
| HDFC BANK LTD. | 1302.4 | 0.44 | 5097891 | 5167224 | 68.78 | Nifty Metal | 2706.35 | -0.04 | 84510 | |
| HDFC Ltd. | 2422.65 | 0.77 | 1976677 | 3442746 | 68.13 | Nifty 50 | 12262.75 | -0.07 | 84513 | |
| Colgate Palmolive (India | 1475.65 | 0.04 | 259371 | 613947 | 67.92 | Nifty Bank | 32339.45 | -0.14 | 84513 | |
| NESTLEIND | 14532.5 | -2.19 | 125031 | 284637 | 67.28 | Nifty FMCG | 30217.95 | -0.46 | 84513 | |
| ITC Ltd. | 238.9 | -0.93 | 19082124 | 9307666 | 66.68 | Nifty Energy | 15971.6 | -0.68 | 84513 | |
| Ambuja Cements Ltd | 197.75 | 1.7 | 2275861 | 3388164 | 65.75 | INDIA VIX | 11.96 | -2.94 | 84513 | |
Upcoming Economic Data
| Domestic International | |
| •INR: FX Reserves, USD on 27th December 2019 | •USA: API Weekly Crude Oil Stock on 25th December 2019
•USA: Initial Jobless Claims on 26th December 2019 |
News Updates
| •Anil Ambani-led Reliance Infrastructure on Monday said it has won Rs 1,250 crore arbitration award against government-owned Damodar Valley Corporation (DVC), which saw stock rising nearly 5 per cent on bourses. The fund proceeds will be used to pay lenders and reduce the debt, company said in the exchange filing.
•Federal Bank has tied up with online real estate platform Magicbricks for listing and e-auctioning of immovable properties repossessed by it in recovery proceedings. The move is aimed at speedy recovery of the bank’s impaired assets, while helping customers get the best rate in the market for their properties. •Yes Bank share price declined 5 percent intraday on December 23 after reports suggested that European entities are showing interest in the beleaguered bank. According to report, some entities which are showing interest in the bank have large exposure to Russia, while some investors own banks having exposure in Europe. •Tata Power on Monday said it has bagged a 25-year licence for distribution and retail supply of electricity in Odisha’s five circles, together constituting Central Electricity Supply Utility of Odisha (CESU) for about Rs 175 crore.Company chief executive officer and managing director Praveer Sinha said a special purpose vehicle will be formed in which the company will own 51% and the balance 49% will be owned by the Odisha government. The deal values CESU at Rs 350 crore. Source: Economic Times, Moneycontrol , Business Today ,Business Standard |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| DECCAN | General | 24-Dec-19 | EARUM | General | 26-Dec-19 |
| FERMENTA | Bonus issue;ESOP | 24-Dec-19 | GENESIS | General | 26-Dec-19 |
| GPIL | Scheme of Arrangement | 24-Dec-19 | KHAITANLTD | Quarterly Results | 26-Dec-19 |
| HARME | General | 24-Dec-19 | SAIMOH | General | 26-Dec-19 |
| KSERASERA | General | 24-Dec-19 | VINTRON | General | 26-Dec-19 |
| LANCER | General | 24-Dec-19 | AMFL | General | 27-Dec-19 |
| MIDINFRA | General | 24-Dec-19 | BHARATAGRI | General | 27-Dec-19 |
| SBC | Quarterly Results | 24-Dec-19 | MANPASAND | Quarterly Results | 27-Dec-19 |
| STAMPEDE | General | 24-Dec-19 | RITES | Interim Dividend | 27-Dec-19 |
| ULTRACAB | General | 24-Dec-19 | ZEXDONTR | General | 27-Dec-19 |
| ARISE | General | 25-Dec-19 | AUTOPAL | General | 28-Dec-19 |
| KGL | Quarterly Results | 25-Dec-19 | EUROTEXIND | General | 28-Dec-19 |
| DECCAN | General | 24-Dec-19 | EARUM | General | 26-Dec-19 |
Corporate Action
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| KESORAMIND | 24-Dec-19 | Spin Off | BALMLAWRIE | 26-Dec-19 | Bonus issue 1:2 |
| ABANSENT | 26-Dec-19 | Interim Dividend – Rs. – 0.10 | INGERRAND | 30-Dec-19 | Special Dividend – Rs. – 25.00 |
| AXITA | 26-Dec-19 | Bonus issue 1:1 | PEL | 30-Dec-19 | Right Issue of Equity Shares |
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
For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan